MMB Business definition

MMB Business means that portion of the business currently conducted by Advisors which generates money market fees and which will generate for RBC brokerage commissions (net of out-of-pocket expenses, including third-party charges, if any), as the same will be conducted by the Surviving Corporation (or other successor to the Business) following the Closing Date, whether under the Cumberland Advisors name or any other name. The term "MMB Business" specifically excludes the Consulting Business.
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Examples of MMB Business in a sentence

  • Following the Closing, the Surviving Corporation will keep its books and records so that the financial results of the Consulting Business can be determined as though it were a stand-alone business, and the revenues (or losses, if any) of the Consulting Business shall not be counted in determining the revenues (or losses, if any) of either the IA Business or the MMB Business for purposes of the calculations called for by this Agreement.

  • CAI shall keep its books and records so that the financial results of the Consulting Business can be determined as though it were a stand-alone business, and the revenues (or losses, if any) of either the IA Business or the MMB Business shall not be counted in determining the revenues (or losses, if any) of the Consulting Business for purposes of the calculations called for by this Agreement.