Carrying on a Business definition

Carrying on a Business means to engage in any such business as a lender, stockholder, sole proprietor, partner, member of a limited liability company, officer, director, manager, employee, stockholder or similar capacity. It is expressly agreed that the foregoing is not intended to restrict or prohibit, and shall not restrict or prohibit, the ownership by such Selling Member of stock or other securities of a publicly-held corporation, provided such Selling Member does not directly or indirectly possess beneficial ownership of more than five percent (5%) of the voting equity of such corporation and does not directly or indirectly participate in any management or advisory capacity with respect to such entity.
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Carrying on a Business means to engage in any such business as a sole proprietor, partner, member of a limited liability company, corporate officer, director, employee or stockholder. It is expressly agreed that the foregoing is not intended to restrict or prohibit the ownership by Executive of stock or other securities of a publicly-held corporation in which Executive does not (a) possess beneficial ownership of more than 5% of the voting capital stock of such corporation or (b) participate in any management or advisory capacity. In addition, it is also agreed that the foregoing shall not prohibit Executive from serving as a director pursuant to terms of Section 2.3.
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Carrying on a Business means to engage in any Insurance Related Business including, without limitation, by way of solicitation of, or the acceptance of any offer to provide Insurance Related Business to, any client (whether or not a client of any Seller Party or any of the USI Companies), Client or Active Prospective Client whether as a sole proprietor, partner, member of a limited liability company, officer, director, employee, stockholder, consultant, independent contractor or any other similar capacity of the foregoing. It is expressly agreed that the foregoing is not intended to restrict or prohibit, and shall not restrict or prohibit, (a) the ownership by such Seller Party or its Affiliates of stock or other securities of a publicly-held corporation in which it does not possess beneficial ownership of more than five percent (5%) of the voting stock of such corporation or participate in any management or advisory capacity, or (b) the acquisition by any Seller Party or its Affiliates of any banking institution owning any Insurance Related Business prior to the date of such acquisition (provided that (A) the primary purpose of such acquisition is not to circumvent this Section 9.3 and (B) less than thirty percent (30%) of the revenues attributable to such acquired or acquiring business derive from Insurance Related Business). “Insurance Related Business” shall mean the providing of insurance agency, brokerage and related services other than with respect to either title insurance products and/or, to the extent sold or placed through the wealth management operations of the Holding Corporation or its Affiliates (other than Seller), life insurance products, including, without limitation, (i) the sale or brokerage of employee benefit products and services and other related consulting and administrative services, (ii) the sale or brokerage of property and casualty products and services, risk management and loss control services, third party administration, the analysis of loss exposures and designs, loss reserves and rate reviews, self-insurance consulting, reinsurance and excess stop loss (both specific and aggregate) placement and the management of insurance programs, the management and oversight of, and responsibility for, clients in the insurance brokerage industry, in each case to the extent conducted by Seller in the Ordinary Course of Business immediately prior to Closing.
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Examples of Carrying on a Business in a sentence

  • Tax Liability when TFSA is Carrying on a Business Budget 2019 proposes that the joint and several liability for tax owing on income from carrying on a business in a TFSA be extended to the TFSA holder.

  • In this policy:‘ Person Carrying on a Business or Undertaking’ means an individual or organisation that arranges, directs or influences work to be done or contributes something towards the work being done.

  • TermDefinitionPerson Carrying on a Business orUndertaking (PCBU)An individual or organisation that arranges, directs or influences work to be done or contributes something towards the work beingdone.

  • All insurance coverage required for Carrying on a Business shall name Shawanaga First Nation as insured and/or loss payee.

  • As part of the penalty, the Person or Business Entity and all directors, officers, shareholders, partners, or owners may be prohibited from Carrying on a Business on AFN Lands for a period of 12 months.

  • Every Person or Business Entity who wishes to conduct or who is Carrying on a Business on AFN Lands must hold a valid Business License issued under this Business Law unless Carrying on a Business is in relation to any Exempt Activities listed in Schedule A, which Exempt Activities may be amended from time to time by AFN at its discretion.

  • Subject to Schedule A, every Person or Business Entity conducting or Carrying on a Business on Shawanaga Lands must hold a valid Licence issued under this Law.

  • The above schedule should not be used to determine the likely return to creditors as a number of realisable values are based on TetraMed’s records and remain subject to my review, in particular: ▪ the value of creditor claims remains subject to change as further claims may be received and require adjudication; and▪ the table above does not provide for professional costs and disbursements associated with the Administration process.

  • As part of the penalty, the Person or Business Entity and all partners, directors, officers or owners may be prohibited from Carrying on a Business on Shawanaga Lands for a period of twelve (12) months.

  • Every Person or Business Entity operating more than one Business or Carrying on a Business at multiple Premises on AFN Lands must obtain a separate Business License for each Business, and where a Business is conducted in or from more than one Premise, the Business conducted in or from each Premise will be deemed a separate and distinct Business and will require a separate Business License.


More Definitions of Carrying on a Business

Carrying on a Business means conducting a commercial enterprise for profit where the provision of the designated service is a core activity of the business.
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Carrying on a Business means to engage in any such business as a sole proprietor, partner, member of a limited liability company, officer, director, employee, consultant, contractor, stockholder or similar capacity. It is expressly agreed that the foregoing is not intended to restrict or prohibit, and shall not restrict or prohibit, the ownership by such Seller of stock or other securities of a publicly-held corporation in which he or she does not possess beneficial ownership of more than 5% of the voting stock of such corporation or participate in any management or advisory capacity.
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Carrying on a Business has the meaning set forth in Section 9.3 hereof.
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Carrying on a Business has the meaning set forth in Section 9.3 hereof. “Client” means any Person (including, without limitation, any insured, or any insured to whom or which any Producer provides insurances services) to whom or which Seller (or any of its employees or independent contractors on behalf of Seller) has provided, at any time within the 24 months preceding the Closing Date, any services that Seller provides in the conduct of Seller Business. For purposes of this Agreement, “Client” shall also include, without limitation, any employer, employer group, affinity group, association and any member of any of the foregoing, any individual insured, retail insurance agent or broker, and any insurance carrier or other entity to the extent third party administration claims processing or underwriting is performed by such Person for such carrier or other entity. “Client Accounts” shall mean the business account between Seller and any Client of Seller, including, without limitation, any Person who or which is provided any Seller Business by Seller as of the Closing Date, regardless of whether such services are provided by, or through the licenses of, Seller (or any of its agents). “Closing” has the meaning set forth in Section 5.1 hereof. “Closing Consideration” has the meaning set forth in Section 2.1(a) hereof. “Closing Date” has the meaning set forth in Section 5.1 hereof. “Cober” means Xxxxx Xxxxx.
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Carrying on a Business means to engage in any such business as a sole proprietor, partner, member of a limited liability company, officer, director, employee, stockholder or similar capacity. It is expressly agreed that the foregoing is not intended to restrict or prohibit, and shall not restrict or prohibit, the ownership by such Seller of stock or other securities of a publicly-held corporation in which he or she does not possess beneficial ownership of more than 5% of the voting stock of such corporation or participate in any management or advisory capacity. For purposes of this subsection (d) only, the term “Companies Business” shall not include web-developing and system integrating services for e-Commerce systems outside of the market for adult entertainment products.
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Related to Carrying on a Business

  • TARGET2 Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System or any successor is open.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.

  • OBFR Index Cessation Date means, in respect of an OBFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the OBFR), ceases to publish the OBFR, or the date as of which the OBFR may no longer be used.

  • average daily net assets of the Fund shall mean the average of the values placed on the Fund's net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund's portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund's expenses, as if such waiver or limitation were fully set forth herein.

  • CSD Business Day means a day on which the Book-Entry Securities System is open in accordance with the regulations of the CSD.

  • Minority Business means a business:

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • London Business Day means any Business Day on which dealings in deposits in United States Dollars are transacted in the London interbank market.

  • SOFR Index Cessation Date means, in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the SOFR), ceases to publish the SOFR, or the date as of which the SOFR may no longer be used.

  • SOFR Business Day means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.

  • Principal Business means the primary activity as determined by analyzing the amount of capi- tal, labor, time, attention, and floor space devoted to each business activity and by analyz- ing the sources of net income and gross income. The name, appearance, and advertising of the entity may also be taken into consideration if they are given less weight.

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • School business day means any calendar day except Saturdays, Sundays, and any federal and school holidays upon which the office of the Superintendent is open to the public for business. A school business day concludes or terminates upon the closure of the Superintendent’s office for the calendar day.

  • Relevant Business means any business or part thereof howsoever carried on involving the supply of Restricted Goods and/or Services;

  • OBFR Index Cessation Event means the occurrence of one or more of the following events:

  • RFR Business Day means as applicable, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to (i) Sterling, a day on which banks are open for general business in London and (ii) Euro, a TARGET Day.

  • Business concern or business means a business that has annual gross sales of less than $75,000,000 as evidenced by the federal income tax return of the business. A firm with gross sales in excess of this cap may apply to the Council for certification for a particular contract if the firm can demonstrate that the contract would have significant impact on businesses owned by minorities, women, or persons with disabilities as suppliers or subcontractors or in employment of minorities, women, or persons with disabilities.

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • Fund Business Day means any day on which the NAV of Shares of each Fund is determined as stated in the then current Prospectus.

  • Unitary business means one or more related business organizations engaged in business activity both within and outside the State among which there exists a unity of ownership, operation, and use; or an interdependence in their functions.

  • Domestic Business Day means any day except a Saturday, Sunday or other day on which commercial banks in New York City are authorized by law to close.

  • Trust business means the business of acting as trustee, executor or administrator;

  • Relevant Business Day means a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007 (TARGET2) is open for the settlement of payments in EUR.

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.