Ongoing business definition
Ongoing business means an existing business that for at least six months prior to the offer, has been operated from a specific location, has been open for business to the general public, and has substantially all of the equipment and supplies necessary for operating the business.
Ongoing business means the continuation of the Business after the Closing during the Earnout Period in substantially the same manner as the Business was conducted prior to the Closing, subject to changing business necessity and conditions as determined in the reasonable judgment of the Active Shareholders.
Ongoing business has the meaning given to it in paragraph (C) of the Background;
Examples of Ongoing business in a sentence
On-going business development work as outlines below including but not limited to "A)", "B)" and "C)" below.
Ongoing business expansions may expose the Firm to potential new threats as well as expanded regulatory scrutiny including the introduction of new cybersecurity requirements.
The disposal decision will be reached having regard to: • On-going business and accountability needs (including audit) • Current applicable legislation • Whether the record has any long-term historical or research value; • Best practice • The legal, political and reputational risks associated with keeping, destroying or losing control over the record.
Ongoing business venture developing software similar to a magazine that shows available apartments for rent in any given area.
More Definitions of Ongoing business
Ongoing business means all assets related to the SELLER's division of marketing and sale of the Products in Italy and all contracts necessarily linked to the activity of such division (such as e.g. the software license agreement regarding the data transmission handled by the Agents, leasing agreements regarding the passed equipment), including in particular the following: any turnover reached in Italy by the sales of the Products from the Effectiveness Date, all AIC and any know how, technical and administrative, or otherwise necessary documentation and information related to the Products and to the clients, Licensing and Distribution Agreements, Deposit Agreements, Personnel, existing agency contracts with Agents (including all necessary equipment granted to Agents), and List of Clients, Stock, the trademark "CRINOS", all as defined in the present Sale and Purchase Agreement, as well as the goodwill related to all of the above, all as identified in Exhibit 10, which shows the single values for each of the above assets; however, it shall not include any credits nor debts of SELLER related to its division of marketing and sale of the Products, with the sole exception of the Employment Liabilities;
Ongoing business means the Business of the Company conducted pursuant to (or that is necessary for the Company to
Ongoing business means (i) the Business, (ii) the ownership, research, design, development, creation, production, marketing, use, sale, offer for sale, publishing, distribution, importation or other exploitation of social casino, casual or mid-core free-to-play and premium paid games in or for any medium now known or hereinafter coming into existence, and (iii) the acquisition, development, creation, analysis and other use or exploitation of data in connection with clause (ii).
Ongoing business means an existing business that, for at least six months prior to the offer, has been operated from a specific, but not necessarily the same, location, has been open for business to the general public and has substantially all of the equipment and supplies necessary to operate the business.
Ongoing business means all assets related to the division of SELLER related to marketing and sale of the Products in Italy and all contracts necessarily linked to the activity of such division (such as e.g. the software license agreement regarding the data transmission handled by the Agents, leasing agreements regarding the passed equipment), including in particular the following: any turnover reached by the sales of Products in Italy from the Effectiveness Date, all AIC and any know how, technical and administrative, or otherwise necessary documentation and information related to the Products and to the clients, Licensing and Distribution Agreements, Deposit Agreements, Personnel, existing agency contracts with Agents (including all necessary equipment granted to Agents), and List of Clients, all as defined in the Sale and Purchase Agreement, as well as the goodwill related to all of the above, all as identified in Exhibit 10 attached to the Sale and Purchase Agreement; however, it shall not include any credits nor debts of SELLER related to its division of marketing and sale of the Products, with the sole exception of the Employment Liabilities;