Permitted Operations definition

Permitted Operations has the meaning specified in Section 18.
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Permitted Operations means, with respect to Orthofix Limited only, the purchase, sale and distribution of products, including without limitation the purchase of product from Orthofix-Italy and the sale and distribution of such product in the ordinary course of business in accordance with past practices, and activities incidental thereto.
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Permitted Operations means the Company’s engaging in the Business in Asia to the extent necessary to support its Asian-based customers’ activities in the Territory, so long as the revenue for such activities is recognized in the Territory or any country in Europe.
Sample 1

Examples of Permitted Operations in a sentence

  • The Owners hereby acknowledge and agree that the Manager may engage in Permitted Operations and, as a result, the Manager may engage in business activities that are in competition with the business of the Owners in respect of the Sites.

  • It is also at such a pre-application meeting that an applicant and the Wetlands Agent can determine whether the application falls under Section 5 – Permitted Operations and Uses, or under Section 6 – State Regulated Activities.

  • Such insurance shall include business liability and property casualty insurance and workers’ compensation insurance on all regular employees, in commercially reasonable amounts sufficient to cover any foreseeable civil Claims, property damage, or personal injury and to replace the Permitted Operations.

  • The Property is being used solely for, or upon completion of the Development Activities will be used solely for, the Permitted Operations and related ingress, egress and parking, and for no other purposes, except as provided in the Operator Lease.

  • The Parties acknowledge and agree, Consultant shall be the Company’s sole and exclusive provider of Consulting Services for the management, administration, governance and operation of the Permitted Operations.

  • This is perhaps the first step to export our capital market and externalize our rupee.

  • The Primary Marks, as well as ancillary marks which the Company may be permitted to use in the operation of the Permitted Operations are attached hereto (the “Ancillary Marks” are attached hereto as Exhibit B (collectively, the “Consultant’s Trademark”)).

  • Permitted Operations: The operation(s) allowed in a particular building must be stated.

  • To the full extent permitted by Applicable Law, Consultant is hereby authorized to take such actions on behalf of the Company as may be necessary in connection with the Permitted Operations or the maintenance and/or renewal of the Permits, or any corrective or remedial measures as may be required in furtherance thereof, in each case at the expense of the Company.

  • Permitted Operations: The operation(s) allowed in a particular building or on a mobile process unit (including at a client site) must be stated.


More Definitions of Permitted Operations

Permitted Operations has the meaning set forth in Section 3.1.
Sample 1
Permitted Operations has the meaning set forth in Section 3.1. “Plans and Specifications” has the meaning set forth in Section 2.1.4. “Property” or “Properties” has the meaning set forth in Section 2.1. “Property Appreciation Payment” means an amount payable to VMRE to compensate VMRE for the appreciation to the value of the Properties during the Facility Term which such amount or rate shall be agreed upon by VMRE and Carvana prior to the Closing of each Property and shall be reflected in the applicable Operator Lease. “Property Event of Default” means an Event of Default (i) of the types described in Sections 9.1(a) through (e), inclusive, that occurs with respect to a Property (the “Defaulted Property”), including information and/or representations and warranties specific to the Defaulted Property contained in this Agreement or any applicable Transaction Document being false or misleading in any material respect, or (ii) as described in Section 6.01 of the applicable Disbursement Agreement (excluding the Event of Default described in Section 6.01(h) thereof). “Purchase Facility Fee” has the meaning set forth in Section 3.3. “Purchase Price” means the amount calculated under the terms of Section 3.2. “Real Property” has the meaning set forth in Section 2.1.2. “Recognition Agreement” means a recognition and non-disturbance agreement, in substantially a form agreed to in writing by Carvana and VMRE, with respect to a Ground Lease, entered into by and among VMRE, Carvana and the lessor under the applicable Ground Lease. “Regulated Substances” means “petroleum” and “petroleum-based substances” or any similar terms described or defined in any Hazardous Materials Laws and any applicable federal, state, county or local laws applicable to or regulating USTs. “Release” means any presence, release, deposit, discharge, emission, leaking, spilling, seeping, migrating, injecting, pumping, pouring, emptying, escaping, dumping, disposing or other movement of Hazardous Materials. “Remediation” means any response, remedial, removal, or corrective action, any activity to cleanup, detoxify, decontaminate, contain or otherwise remediate any Hazardous Material, any actions to prevent, cure or mitigate any Release, any action to comply with any Environmental Laws or with any permits issued pursuant thereto, any inspection, investigation, study, monitoring, assessment, audit, sampling and testing, laboratory or other analysis, or any evaluation relating to any Hazardous Materials. “Retained Liabili...
Sample 1
Permitted Operations means Pigging and Pipeline Operations and pipeline-related activity supporting Platform Gail and other operations in the Santa Xxxxx Unit (such as the maintenance and operation of pipeline leak detection systems and monitors, replacement and repair of pipelines and related facilities).
Sample 1
Permitted Operations means, (x) with respect to assets owned by the Excelsior Entities which are not Project Assets, (i) exploration activities and (ii) operations required to comply with remediation and maintenance obligations, in each case consistent with the ordinary course of business as currently conducted and (y) the activities currently conducted by JCM in respect of its existing limestone, sand and gravel operations, as more particularly (and only to the extent) described on Schedule D, provided that such activities are not then conducted by any of the Excelsior Entities.
Sample 1
Permitted Operations means those Permissible Activities, as defined by Section 3 below, of a Recognized User which are scheduled according to the provisions of Section 6, below.
Sample 1

Related to Permitted Operations

  • Designated operational area means a geographic area designated by the combatant commander or subordinate joint force commander for the conduct or support of specified military operations.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • 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—

  • Approved Operating Expenses means Operating Expenses incurred by Borrower which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Property, (iii) if applicable, are for property management fees payable to Manager under the Management Agreement, such amounts not to exceed three percent (3.0)% of the monthly Gross Revenue, (iv) or (v) have otherwise been approved by Lender.

  • Permitted Business Investments means Investments by the Company or any of its Restricted Subsidiaries in any Unrestricted Subsidiary of the Company or in any Joint Venture, provided that:

  • Title V operating permit means a permit issued under Chapter 3745-77 of the Administrative Code.

  • Permitted Facility means a facility authorized by the general permit to discharge total nitrogen or

  • Operations means all the activities conducted by PURCHASER under this contract, including project work, logging, or post harvest activities; or the furnishing of all materials, equipment, labor, and incidentals necessary to successfully complete any individual item or the entire contract.

  • Permitted Business Investment means any Investment made in the ordinary course of, and of a nature that is or shall have become customary in, the Oil and Gas Business including investments or expenditures for actively exploiting, exploring for, acquiring, developing, producing, processing, gathering, marketing or transporting oil, natural gas or other Hydrocarbons and minerals through agreements, transactions, interests or arrangements which permit one to share risks or costs, comply with regulatory requirements regarding local ownership or satisfy other objectives customarily achieved through the conduct of the Oil and Gas Business jointly with third parties including:

  • Farm operation means any activity conducted solely or primarily for the production of one or more agricultural products or commodities, including timber, for sale or home use, and customarily producing such products or commodities in sufficient quantity to be capable of contributing materially to the operator's support.

  • 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.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Maintenance and Operations Revenue or “M&O Revenue” means (i) those revenues which the District receives from the levy of its annual ad valorem maintenance and operations tax pursuant to Section 45.002 of the TEXAS EDUCATION CODE, or other lawful authority, and Article VII § 3 of the TEXAS CONSTITUTION, plus (ii) all State revenues to which the District is or may be entitled under the applicable provisions of the TEXAS EDUCATION CODE or any other statutory provision as well as any amendment or successor statute to these provisions, as applicable, less

  • Salvage operation means any business, trade or industry engaged in whole or in part in salvaging or reclaiming any product or material, including but not limited to metals, chemicals, shipping containers or drums.

  • Market Operations Center means the equipment, facilities and personnel used by or on behalf of a Market Participant to communicate and coordinate with the Office of the Interconnection in connection with transactions in the PJM Interchange Energy Market or the operation of the PJM Region.

  • Permitted Business Acquisition means any acquisition of all or substantially all the assets of, or all or substantially all the Equity Interests (other than directors’ qualifying shares) not previously held by the Borrower and its Subsidiaries in, or merger, consolidation or amalgamation with, a person or division or line of business of a person (or any subsequent investment made in a person or division or line of business previously acquired in a Permitted Business Acquisition), if immediately after giving effect thereto: (i) no Event of Default under clause (b), (c), (h) or (i) of Section 7.01 shall have occurred and be continuing or would result therefrom, provided, however, that with respect to a proposed acquisition pursuant to an executed acquisition agreement, at the option of the Borrower, the determination of whether such an Event of Default shall exist shall be made solely at the time of the execution of the acquisition agreement related to such Permitted Business Acquisition; (ii) all transactions related thereto shall be consummated in accordance with applicable laws; (iii) with respect to any such acquisition or investment with cash consideration in excess of $50,000,000, the Borrower shall be in Pro Forma Compliance immediately after giving effect to such acquisition or investment and any related transaction; (iv) any acquired or newly formed Subsidiary shall not be liable for any Indebtedness except for Indebtedness permitted by Section 6.01; (v) to the extent required by Section 5.10, any person acquired in such acquisition, if acquired by the Borrower or a Domestic Subsidiary, shall be merged into the Borrower or a Subsidiary Loan Party or become upon consummation of such acquisition a Subsidiary Loan Party; and (vi) the aggregate cash consideration in respect of such acquisitions and investments in assets that are not owned by the Borrower or Subsidiary Loan Parties or in Equity Interests of persons that are not Subsidiary Loan Parties or do not become Subsidiary Loan Parties, in each case upon consummation of such acquisition, shall not exceed the greater of (x) $150,000,000 and (y) 0.05 times the EBITDA calculated on a Pro Forma Basis for the then most recently ended Test Period (excluding for purposes of the calculation in this clause (vi), (A) any such assets or Equity Interests that are no longer owned by the Borrower or any of its Subsidiaries and (B) acquisitions and investments made at a time when, immediately after giving effect thereto, the Net Total Leverage Ratio on a Pro Forma Basis would not exceed 3.15 to 1.00, which acquisitions and investments shall be permitted under this clause (vi) without regard to such calculation).

  • Permitted Business means any business conducted by the Company, its Restricted Subsidiaries or CTSH and its Subsidiaries on the date hereof and any other business related, ancillary or complementary to any such business.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Project Finance Subsidiary means a Subsidiary that is a special-purpose entity created solely to (i) construct or acquire any asset or project that will be or is financed solely with Project Financing for such asset or project and related equity investments in, loans to, or capital contributions in, such Subsidiary that are not prohibited hereby and/or (ii) own an interest in any such asset or project.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Permitted Businesses means the business of owning, leasing and managing gasoline stations, convenience store properties and other retail real properties (including, for the avoidance of doubt, quick service or other casual restaurants and auto service and auto parts stores), and any other single-tenant net lease business, and business activities reasonably related to the foregoing (including the creation or acquisition of any interest in any Subsidiary (or entity that following such creation or acquisition would be a Subsidiary) for the purpose of conducting the foregoing activities), in each case that are permitted for real estate investment trusts under the Code.

  • permitted hours means the periods specified for each parking place during which waiting by vehicles of a specific class is permitted as specified on the Plans;

  • Permitted Entity means with respect to a Qualified Stockholder (a) a Permitted Trust (as defined below) solely for the benefit of (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder, or (b) any general partnership, limited partnership, limited liability company, corporation or other entity exclusively owned by (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder.