This excerpt taken from the EBIX 8-K filed Aug 5, 2008.
Ordinary Course of Business means the ordinary, regular and normal course of business of the Company consistent with its past custom and practice (including with respect to quantity and frequency).
Party and Parties is defined in the introductory paragraph.
Permits means all permits, licenses, certifications, approvals and authorizations by or of, or registrations with, any Governmental Authority, including but not limited to, vehicle and business licenses.
Permitted Liens means any (a) inchoate mechanics, carriers, workers, landlords and other similar Liens arising in the Ordinary Course of Business that are not delinquent and that in the aggregate are not material in amount and do not interfere with the present use of the assets to which they apply; and (b) inchoate Liens for current Taxes and assessments not yet due and payable.
Person means any individual, sole proprietorship, general partnership, limited partnership, limited liability company, joint venture, trust, unincorporated association, corporation, entity or government (whether federal, state, county, city or otherwise, including, without limitation, any instrumentality, division, agency or department thereof).