ordinary course of business


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ordinary course of business

n. conduct of business within normal commercial customs and usages.

References in periodicals archive ?
US law gives administrative priority to payments for goods and services received after the Chapter 11 filing and Sobelmar is both fully able to and completely committed to paying its suppliers and other operating expenses in the ordinary course of business.
Apollo, ultimately, was relieved of its obligations to close the merger, as the court concluded that Cooper breached its obligations under the ordinary course of business covenant.
The confidential transaction characteristic will be satisfied in many ordinary course of business transactions because taxpayers frequently sign "nondisclosure" or "confidentiality" agreements before engaging in substantive negotiations.
The restructuring plan provides for payments to providers of goods and services delivered post-petition in the ordinary course of business.
We recognize that having a confirmation hearing set so quickly and being granted permission to pay all general unsecured creditors pre-petition amounts in the ordinary course of business is rare.
iv) issued or authorised or proposed the issue of any debentures or otherwise than in its ordinary course of business incurred or increased any indebtedness or contingent liability which is material in the context of the wider WT Foods Group taken as a whole;
The taxpayer participated in the transaction during the ordinary course of business, and the taxpayer reasonably determines that it would have participated in the transaction irrespective of the tax benefits.
In finding for Fannie Mae, the court concluded Fannie Mae's mortgages were not capitalized because the mortgages were notes receivable acquired in the ordinary course of business for services rendered.
and Canadian subsidiaries will be paying, in the ordinary course of business, all post-petition employee, wages, salaries and benefits accruing on and after the petition filing date.
A trader generates income of this type in the ordinary course of business.
Section 6254(a) permits a state agency to withhold the following records from disclosure: "[p]reliminary drafts, notes, or interagency or intra-agency memoranda that are not retained by the public agency in the ordinary course of business, provided that the public interest in withholding those records clearly outweighs the public interest in disclosure.
However, the report said an exception should be provided for guarantees given in the ordinary course of business.