Ordinary Course
The ordinary course of business refers to the system of activities, procedures and actions which constitute normal business operations. It is the ordinary, or expected course of business activities which holds precedence over everything else. This means that if any deviation from the ordinary course of business is proposed, additional consideration, analysis and approval are usually required. For example, in the governance of public companies, the ordinary course of business may be defined as the normal course of operating activities, such as the purchasing of inventory, honoring contracts, and the employment of staff. Any activity that is not part of the ordinary course of business must be evaluated for its merits and risks before it can be approved and implemented. This process helps protect the interests of the company and its stakeholders, as any activity outside of the ordinary course of business may affect the financial stability or future success of the organization. Beyond the realm of public companies, the ordinary course of business may similarly refer to any sequence of typical activities for a given business entity. The term is also commonly used in transactions, such as contracts and corporate agreements, where the concept of ordinary course can help to define the scope of normal activities and therefore prevent legal liabilities or disputes.
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ORDINARY COURSE OF BUSINESS - MERRIAM WEBSTER
Web Feb 27, 2023 ordinary course of business : the usual manner and range of a business especially considered in relation to the amount, circumstances, and validity of a particular … ...
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Web What constitutes “ordinary course of business” is a mixed question of fact and law. The term is flexible and should be interpreted in the context of the pandemic. Temporary … ...
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Web In United States law, the ordinary course of business ( OCB) covers the usual transactions, customs and practices of a certain business and of a certain firm. This term is used … ...
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Web Ordinary Course of means the ordinary course of business consistent with Business past custom and practice ( including with respect to quantity and frequency ). Sample 1 Based … ...
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IN THE ORDINARY COURSE OF THINGS - THE FREE DICTIONARY
Web What does in the ordinary course of things expression mean? Definitions by the largest Idiom Dictionary. In the ordinary course of things - Idioms by The Free Dictionary ...
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ORDINARY DEFINITION & MEANING - MERRIAM-WEBSTER
Web plural ordinaries 1 : the regular or customary condition or course of thingsusually used in the phrase out of the ordinary We haven't done anything out of the ordinary. 2 a (1) : a … ...
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Web Jan 13, 2021 “Ordinary Course” was defined in the SPA as an action consistent with past practices and taken in the ordinary course of the normal day-to-day operations. The … ...
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Web Feb 2, 2021 “Ordinary Course” was defined in the SPA as an action consistent with past practices and taken in the ordinary course of the normal day-to-day operations. The … ...
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Web Ordinary Course of Business means the ordinary course of business consistent with past custom and practice (including with respect to quantity and frequency). Businesses … ...
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WHEN COVID MET MAE IN THE ORDINARY COURSE: ONTARIO COURT
Web Jan 14, 2021 The recent decision of the Ontario Superior Court of Justice in Fairstone Financial Holdings Inc. v Duo Bank of Canada has established an important precedent … ...
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