Ordinary Course of Business definition

Ordinary Course of Business means the ordinary course of business consistent with past custom and practice (including with respect to quantity and frequency).

Ordinary Course of Business means, with respect to any Person, an action taken by such Person if such action is (i) consistent with the past practices of such Person and is taken in the normal day-to-day business or operations of such Person and (ii) which is not required to be specifically authorized or approved by the board of directors of such Person.

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

Examples of Ordinary Course of Business in a sentence

• The books of account and other records of the Seller as they relate to the Product, including Transferred Books and Records and the Manufacturing Documentation, have been kept accurately in the Ordinary Course of Business consistent with all applicable legal requirements, in each case, in all material respects.

• Except as contemplated by this Agreement, or as otherwise set forth in Schedule 5.15, and excluding any COVID-19 Measures, in the past twelve (12) months, Seller has not, with respect to the Product, made any material change in the terms of sale or collection practices that is inconsistent with the Ordinary Course of Business and would be material to the Product.

• Seller has disclosed all current and anticipated material liabilities and/or obligations to Buyer with respect to the Product, and the Transferred Assets, except (i) for liabilities incurred in the Ordinary Course of Business, (ii) for liabilities arising under Transferred Contracts in accordance with their terms and (iii) Excluded Liabilities.

• Since January 1, 2023, Seller (a) has sold the Product inventories to wholesalers or distributors only in the Ordinary Course of Business and in amounts that are generally consistent with past sales by Seller to its wholesale and distributor customers during comparable periods and (b) has not engaged in any practice (including soliciting additional orders) with the intent of increasing the levels of Product inventories in the distributor or wholesaler channels outside of the Ordinary Course of Business.

More Definitions of Ordinary Course of Business

Ordinary Course of Business means, with respect to a Person, the ordinary course of business of such Person and its corporate Affiliates consistent with past custom and practice.

Ordinary Course of Business means, in respect of any transaction involving any Person, the ordinary course of business of such Person, as conducted by such Person as of the Closing Date and any practices that are utilized to improve past practices or to conform with customary operating procedures for a similar business, as reasonably determined by such Person.

Ordinary Course of Business means in the ordinary course of the operation of the Business, consistent with past practices (including with respect to frequency and amount) of the Business.

Ordinary Course of Business means the ordinary course of business consistent with past custom and practice.

Ordinary Course of Business means the ordinary and usual course of normal day-to- day operations of the Business consistent with the past practice of the Business through the date hereof, subject to any duties and restrictions imposed on Sellers under the Bankruptcy Code.

Ordinary Course of Business an action taken by a Person will be deemed to have been taken in the “Ordinary Course of Business” only if:

Ordinary Course of Business means, in respect of any transaction involving any Credit Party, the ordinary course of business of such Credit Party, as conducted by such Credit Party in accordance with past practices.