Predecessor in Business definition

Predecessor in Business means any firm or individual’s practice which has ceased providing Professional Services for their own account and in their own name, and to whose assets or liabilities you are a successor in interest. Predecessor in Business includes any firm or individual practice merged into or acquired by you during the Policy Period, provided details of such firm or individual practice are provided to us in writing as soon as practicable, but in no event later than the expiration of the Policy Period.
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Predecessor in Business means any law firm which has undergone dissolution and to which any of the following apply:
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Predecessor in Business means any legal firm which has undergone a material change as follows: (a) some or all of such firm's principals, owners, officers or partners have joined the Named Insured, provided such persons were responsible for producing in excess of 50% of the prior firm's annual gross billings and such billings have been assigned or transferred to the Named Insured; or (b) at least 50% of the principals, owners, partners or officers of the prior firm have joined the Named Insured; or (c) at least 50% of the prior firm's financial assets/liabilities have been assumed by the Named Insured.
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Examples of Predecessor in Business in a sentence

  • The PMA assumes no financial responsibility or liability for those decisions.

  • He also continued to have substantial positive monthly cash flow from his salary and his scheduled 10b5-1 plan sales of Mindbody stock Stollmeyer had no agreement with Vista to remain as CEO at the time of the Merger Agreement, and he did not finalize such terms until months later.

  • Following Ramaprasad & Rai (1996), organizational actors generate information as they derive meaning from stimuli in the organization and its environment.

  • Retained Of Counsel, but solely for Professional Services performed within the scope of their employment by the Named Insured or any Predecessor in Business .

  • Retained Of Counsel, but solely forProfessional Services performed within the scope of their employment by the Named Insured or any Predecessor in Business.


More Definitions of Predecessor in Business

Predecessor in Business means any law firm which has undergone a material change and some or all of such firm's principals, owners, officers or partners have joined the named insured, provided such persons were responsible for producing in excess of fifty percent (50%) of the prior firm's annual
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Related to Predecessor in Business

  • successor in business means any company which, as a result of any amalgamation, merger or reconstruction: (a) owns beneficially the whole or substantially the whole of the undertaking, property and assets owned by the Issuer immediately prior thereto; and (b) carries on, as successor to the Issuer, the whole or substantially the whole of the business carried on by the Issuer immediately prior thereto.

  • Predecessor means an entity that is replaced by a successor and includes any predecessors of the predecessor.

  • Successor in Interest means any (i) shareholder of; (ii) trustee, custodian, receiver or other person acting in any Bankruptcy or reorganization proceeding with respect to; (iii) assignee for the benefit of the creditors of; (iv) officer, director or partner of; (v) trustee or receiver, or former officer, director or partner, or other fiduciary acting for or with respect to the dissolution, liquidation or termination of; or (vi) other executor, administrator, committee, legal representative or other successor or assign of, any Partner, whether by operation of law or otherwise.

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • Predecessor Note of any particular Note means every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 2.06 in lieu of or in exchange for a mutilated, lost, destroyed or stolen Note shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Note that it replaces.

  • Predecessor Security of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 2.07 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security.

  • Predecessor Board means The Board of Education for the Borough of East York, The Board of Education for the City of Etobicoke, The Board of Education for the City of North York, The Board of Education for the City of Scarborough, The Board of Education for the City of Toronto, The Board of Education for the City of York, or The Metropolitan Toronto School Board.

  • Women Owned Business Enterprise or "WBE" means a firm awarded certification as a women owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a women owned business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Consolidated Companies means, collectively, Borrower and all of its Subsidiaries.

  • Predecessor Securities of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.06 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security.

  • Promoter Group means such persons and entities constituting the promoter group as per Regulation 2(1)(pp) of the SEBI ICDR Regulations.