Examples of Transactions in the ordinary course of business in a sentence
Transactions in the ordinary course of business with the related parties are disclosed in the Notes to Financial Statements.
In the case of customary and recurring Related-Party Transactions in the ordinary course of business, it shall be sufficient for the Board of Directors to give prior generic approval of the kind of transaction and of the conditions for performance thereof, following a report from the Appointments Committee.
The Debtors are authorized to enter into and engage in postpetition Intercompany Transactions in the ordinary course of business and settle, in cash, any prepetition Intercompany Claims discovered during a postpetition intercompany true-up that are related to costs not previously posted to the balances for each entity.
The Debtors are authorized but not directed to continue performing Intercompany Transactions in the ordinary course of business on a postpetition basis.
The Debtors therefore request that the Court authorize them to continue the Intercompany Transactions in the ordinary course of business.
All Intercompany Transactions in the ordinary course of business between the Applicants and any member of the BAT Group, including the provision of goods and services from any member of the BAT Group to any of the Applicants, shall continue on terms consistent with existing arrangements or past practice or as otherwise approved by the Monitor.
The Shareholders’ Mandate is intended to facilitate the Interested Person Transactions in the ordinary course of business of the Group which the Directors envisage are likely to be transacted with some frequency from time to time with the Interested Persons, provided that they are carried out at arm’s length and on normal commercial terms and are not prejudicial to the interests of the Company and its minority Shareholders.
Allowing the Debtors to engage in postpetition Intercompany Transactions is in the best interests of the Debtors’ estates and their creditors, and the Debtors seek authority to enter into such Intercompany Transactions in the ordinary course of business.
Since these transactions represent extensions of intercompany credit made in the ordinary course of business, the Debtors respectfully request the authority to continue conducting the Intercompany Transactions in the ordinary course of business without need for further Court order.
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