Ordinary Course definition

Ordinary Course means, with respect to an action taken by a Person, that such action is consistent with the past practices of the Person and is taken in the ordinary course of the normal day-to-day operations of the Person.

Ordinary Course means, with respect to any Person, in the ordinary course of that Person’s business consistent with past practice, including as to the quantity, quality and frequency.

Ordinary Course or "ordinary course of business" means the ordinary course of business that is consistent in nature and, where relevant, amount with past practices.

Examples of Ordinary Course in a sentence

• Except as set forth in Schedule 3.27, neither Seller nor any Related Person or stockholder of Seller is a party to any Contract with, or has any claim or right against, Seller in the Business, except pursuant to Contracts entered into in the Ordinary Course of Business at substantially prevailing market prices and on substantially prevailing market terms.

• All items included in the Inventories consist of a quality and quantity usable and, with respect to finished goods, saleable, in the Ordinary Course of Business of the Business except for obsolete items and items of below-standard quality disclosed in Schedule 3.12, all of which have been written off or written down to net realizable value in the Balance Sheet or the Interim Balance Sheet or on the accounting Records of Seller as of the Effective Date, as the case may be.

• The assets that are owned by the Company that are being used in and are material in the Ordinary Course of Business as currently conducted are in reasonable working condition, subject to ordinary wear and tear and normal preventative maintenance and are sufficient for the uses to which they are being put and, to the knowledge of Seller, none of such assets are in need of maintenance or repairs except for routine or preventative maintenance and repairs that are not material in cost or nature.

• Except as set forth in Schedule 3.13, Seller has no Liability except for (a) Liabilities reflected or reserved against in the Balance Sheet or the Interim Balance Sheet, and (b) current liabilities incurred in the Ordinary Course of Business of the Business since the date of the Interim Balance Sheet.

• All Accounts Receivable, including those that are reflected on the Balance Sheet or the Interim Balance Sheet or on the accounting Records of Seller as of the Effective Date, represent valid obligations arising from sales actually made or services actually performed by Seller in the Ordinary Course of Business of the Business.

More Definitions of Ordinary Course

Ordinary Course means, with respect to an action taken by a Party, that such action is consistent with the past practices of such Party and is taken in the ordinary course of the normal day-to-day operations of the business of such Party.

Ordinary Course means ordinary course of business or ordinary trade activities that are customary for similar businesses in the normal course of their ordinary operations and not while in financial distress.

Ordinary Course means the ordinary course of business of the Group Companies consistent with past practice.

Ordinary Course means, with respect to an action taken by the Company, that such action is consistent with the past practices of the Company and is taken in the ordinary course of the normal day-to-day operations of the business of the Company.

Ordinary Course means the ordinary course of business, consistent with past practice.

Ordinary Course means, with respect to an action taken by a Person:

Ordinary Course means the ordinary course of conduct of the business of Seller with respect to the Purchased Assets and Assumed Liabilities, consistent with past practices of Seller.