OMC has requested that the Bankruptcy Court allow the company to continue compensation and benefit plans for its remaining employees, maintain customer sales, support and service activities, and make post-petition payments due to suppliers in the ordinary course of business.
32.
In a statement Friday night, Global Crossing had said, " While we have found isolated incidences of document disposal in the ordinary course of business, none of the documents involve appear to have any relevance to pending litigation or governmental investigations ."
33.
In most common law jurisdictions it is an implied term in security documents creating floating charges that a cessation of the company's right to deal with the assets ( including by reason of insolvency proceedings ) in the ordinary course of business leads to automatic crystallisation.
34.
Waddell & amp; Reed directors considered the investment " a customary relationship " that has been carried on " in the ordinary course of business on an arm's-length basis, " according to Waddell & amp; Reed's proxy report to shareholders.
35.
Security ( usually in the form of insurance ) must also be provided to cover eventualities that would be likely to have higher costs than those planned for in the ordinary course of business, e . g . failure of a landfill containment causing pollution of water courses.
36.
In the months before the M & AMP; L scheme was uncovered, McKay said, interest payments to unsuspecting investors should qualify as money paid in the ordinary course of business, and shouldn't be included among sums that must be returned to the bankruptcy estate.
37.
My answer is those persons such as accountants, surveyors, valuers and analysts, whose profession and occupation it is to examine books, accounts, and other things, and to make reports on which other people-other than their clients-rely in the ordinary course of business.
38.
In a recent New York case, the Court rejected a lender's attempt to foreclose on summary judgment because the lender failed to submit proper affidavits and papers in support of its foreclosure action and also, the papers and affidavits that were submitted were not prepared in the ordinary course of business.
39.
Many jurisdictions which have prohibitions on undervalue transactions also provide for an exception in the case of transactions entered into in the ordinary course of business where the directors are of a view that it is for the benefit of the company, and such transactions are usually either validated or presumed to be validated.
40.
In Miller, for example, the Court held that a bank depositor has no " legitimate ` expectation of privacy'" in financial information " voluntarily conveyed to . . . banks and exposed to their employees in the ordinary course of business . " 425 U . S ., at 442.
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