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.
Sample 1
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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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.

  • 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) .

  • 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 thirty (30) days’ or less notice, and any Contract involving a total remaining commitment of less than $100,000) have been made available to Buyer and a list of such Assumed Contracts is included in Section 12.1(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.


More Definitions of Ordinary Course of Business Contracts

Ordinary Course of Business Contracts has the meaning set forth in Section 3.8(a).
Sample 1
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.
Sample 1

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).

  • Buyer in ordinary course of business means a person that buys goods in good faith, without knowledge that the sale violates the rights of another person in the goods, and in the ordinary course from a person, other than a pawnbroker, in the business of selling goods of that kind. A person buys goods in the ordinary course if the sale to the person comports with the usual or customary practices in the kind of business in which the seller is engaged or with the seller's own usual or customary practices. A person that sells oil, gas, or other minerals at the wellhead or minehead is a person in the business of selling goods of that kind. A buyer in ordinary course of business may buy for cash, by exchange of other property, or on secured or unsecured credit, and may acquire goods or documents of title under a preexisting contract for sale. Only a buyer that takes possession of the goods or has a right to recover the goods from the seller under article 2 may be a buyer in ordinary course of business. The term does not include a person that acquires goods in a transfer in bulk or as security for or in total or partial satisfaction of a money debt.

  • the ordinary course of business means matters connected to the day-to- day supply of goods and/or services the by B&O business or the Harman International business and does not include matters involving significant changes to the organisational structure or related to the post-merger integration of the B&O business and by the Harman International business;

  • Lessee in ordinary course of business means a person who in good faith and without knowledge that the lease to him or her is in violation of the ownership rights or security interest or leasehold interest of a third party in the goods leases in ordinary course from a person in the business of selling or leasing goods of that kind but does not include a pawnbroker. "Leasing" may be for cash or by exchange of other property or on secured or unsecured credit and includes acquiring goods or documents of title under a pre-existing lease contract but does not include a transfer in bulk or as security for or in total or partial satisfaction of a money debt.

  • 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 Liabilities of a party arising from the borrowing of money or the incurring of obligations for services, merchandise or goods purchased.

  • 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;

  • Business Agreements has the meaning specified in Section 5.15.

  • Financial Contracts means any arrangement that:

  • 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 Company or its Subsidiaries) to the Bank, the Company or its other 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;