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.
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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.
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Ongoing business has the meaning given to it in paragraph (C) of the Background;
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Examples of Ongoing business in a sentence

  • Ongoing business relationships between officers and enlisted personnel, or NCOs and junior enlisted Soldiers.

  • Prohibited relation- ships include—(1) Ongoing business relationships between officers and enlisted personnel.

  • On-going business operations in the Mainland are financed through internal resources and borrowings in Renminbi as natural hedges to minimize the Group’s exposure to exchange rate risk.

  • Ongoing business development initiatives remain in play to position the company for revenues in the near future.

  • Ongoing business transactions with these entities are on normal commercial terms.

  • Prohibited relation- ships include-(1) On-going business relationships between officers and enlisted personnel.

  • Ongoing business relationships between officers and enlisted personnel.

  • This RFP encompasses three distinct elements: • Technology.• Partnership model (including financial details).• Ongoing business model.

  • Ongoing business process improvement is still required as part of a culture and framework of continuous improvement reinforced throughout all parts of the Organization to achieve the goal of efficient and effective resource utilization.

  • Others projects currently underway that will be continued:• Publication of quarterly VRC newsletters to keep stakeholders informed and involved in nature- based tourism efforts• Development of Downeast Fisheries Trail• Ongoing business trainings, with support from Maine Woods Consortium, SCEC, and VRC Training sub-committee• Outreach to stakeholders, businesses, and legislators., through workshops, events, and publications.


More Definitions of Ongoing business

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).
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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;
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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;
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Ongoing business means the Business of the Company conducted pursuant to (or that is necessary for the Company to
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Related to Ongoing business

  • Doing business means engaging in any activity, whether legal or illegal, that is conducted

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;

  • Competing Business means any person or entity that competes with the Company Group in the sale, marketing, production, distribution, research or development of Competing Products in the same markets.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which –

  • Business activity means that term as defined in section 3(2) of the former single business tax act, 1975 PA 228, or in section 105 of the Michigan business tax act, 2007 PA 36, MCL 208.1105.

  • Employment Business means as per the Employment Agencies Xxx 0000 and the Conduct of Employment Agencies and Employment Businesses Regulations 2003, an Employment Business is a business that offers contracts of employment to temporary workers, whose services are then temporarily offered on secondment to Framework Public Bodies.

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Excluded Business has the meaning set forth in Section ‎9.1.1.