Ordinary Course of Business Contracts definition

Ordinary Course of Business Contracts means contracts and agreements used in the beef processing industry such as:
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Ordinary Course of Business Contracts means (a) contracts or agreements for routine maintenance of the personal property or real property of the Company or any of its Subsidiaries, (b) any trade discount or rebate program implemented in the ordinary course of the Company or any of its Subsidiaries’ business, (c) normal and routine open purchase orders or agreements for (i) the purchase of raw materials or supplies used in the manufacture of products of the Company or any of its Subsidiaries or (ii) services provided to the Company or any of its Subsidiaries and (d) agreements (on customer form documents), including, vendor agreements, continuing product guarantees, policy letters, promotional agreements, data access agreements and electronic data interchange agreements, with customers that purchase products from the Company or any of its Subsidiaries.
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Ordinary Course of Business Contracts has the meaning set forth in Section 3.8(a).
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Examples of Ordinary Course of Business Contracts in a sentence

  • Copies of the Assumed Contracts as of the date of this Agreement (other than purchase orders entered into in the Ordinary Course of Business, Contracts that are cancelable on 30 days’ or less notice without payment or penalty, and any Contract involving a total remaining commitment of less than $50,000) have been made available to Buyer and a list of such Assumed Contracts is included in Section 11.1(a) of the Seller Disclosure Letter.

  • All of the Contracts set forth on Schedule 3.8(a), which excludes the Ordinary Course of Business Contracts, are collectively referred to herein as the "Material Contracts." Seller has delivered or made available to Buyer copies of all Material Contracts.

  • The notary public may be the person in whose presence the voter marked that voter's ballot.

  • Out of the Ordinary Course of Business Contracts that have Exposure Over $50,000 and which are not Terminable without Penalty upon 30 Days or Less Notice Schedule 4.1.13(a)(ii) .


More Definitions of Ordinary Course of Business Contracts

Ordinary Course of Business Contracts means all (a) orders for the purchase of raw materials, supplies, utilities and services used in the manufacture of products of the Business in the Ordinary Course of Business where (i) the aggregate amount owed under each such order does not exceed $250,000 or (ii) the aggregate amount owed under any series of orders with the same vendor does not exceed $250,000; (b) orders for the sale of finished products of the Business to customers in the Ordinary Course of Business where (i) the aggregate amount owed under each such order does not exceed $500,000 or (ii) the aggregate amount owed under any series of orders with the same customer does not exceed $500,000; (c) contracts for routine maintenance of the Transferred Real Property or any part thereof or any of the Equipment where the aggregate amount owed under each such contract does not exceed $250,000; and (d) distribution agreements entered into in the Ordinary Course of Business.
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Ordinary Course of Business Contracts means each of: (1) Contracts entered into in the Ordinary Course for the purchase of raw materials or supplies used in the manufacture of the products of the Business, in each case with a remaining obligation of $100,000 or less and that may be terminated on not more than 60 day’s notice without liability or penalty to Seller or any of its Affiliates; (2) Contracts entered into in the Ordinary Course for the sale of finished products of the Business to customers, in each case with a remaining obligation of $100,000 or less; (3) Contracts entered into in the Ordinary Course for routine maintenance of any of the Fixtures and Equipment, in each case with a remaining obligation of $100,000 or less and that may be terminated on not more than 60 day’s notice without liability or penalty to Seller or any of its Affiliates; and (4) Contracts otherwise relating to the Business that are entered into in the Ordinary Course, in each case with a remaining obligation of $100,000 or less and that may be terminated on not more than 60 day’s notice without liability or penalty to Seller or any of its Affiliates.
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Related to Ordinary Course of Business Contracts

  • 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 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.

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • Ordinary Course Transferees (i) with respect to goods only, buyers in the ordinary course of business and lessees in the ordinary course of business to the extent provided in Section 9-320(a) and 9-321 of the Uniform Commercial Code as in effect from time to time in the relevant jurisdiction, (ii) with respect to general intangibles only, licensees in the ordinary course of business to the extent provided in Section 9-321 of the Uniform Commercial Code as in effect from time to time in the relevant jurisdiction and (iii) any other Person who is entitled to take free of the Lien pursuant to the Uniform Commercial Code as in effect from time to time in the relevant jurisdiction.

  • Past Practices shall have the meaning set forth in Section 3.5.

  • Payables as of any date shall mean any of the trade accounts payable associated with the Business as of such date in accordance with GAAP consistently applied.

  • Past Practice means past practices, accounting methods, elections and conventions.

  • Acquired Contracts has the meaning given in Section 2.1(a).

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Customer Contracts has the meaning set forth in Section 2.1(b)(ii)(A).

  • Ordinary Course Professional Order means the Order Authorizing the Retention and Compensation of Certain Professionals Utilized in the Ordinary Course of Business [D.I. 765].

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Applicable Contracts has the meaning set forth in Section 2.15(a).

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Intercompany Payables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are payable by Seller or any of its Affiliates (other than the Bank or the Transferred Subsidiaries) to the Bank or the Transferred Subsidiaries.

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • IT Contracts means the contracts (whether or not in writing and including those currently being negotiated) under which any third party provides or will provide any element of, or services relating to, the IT Assets, including leasing, hire purchase, licensing, maintenance, website hosting, outsourcing, security, back-up, disaster recovery, insurance, cloud computing and other types of services agreements.

  • Ordinary Course Professionals Order means any order of the Bankruptcy Court permitting the Debtors to retain certain professionals in the ordinary course of their businesses.

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • Seller Contracts means those Contracts of Seller or any Other Seller that relate primarily to the Business.