I’ve written about abuse of basis, as in on a timely basis. See this 2007 post. But silly me, I didn’t think of the most jargontastic variant, on an ongoing basis. Don’t ever use it. If you ever have, plead forgiveness from the gods of drafting.
If you don’t believe me, here are some examples from
the La Brea tar pits EDGAR:
WHEREAS, the Board of Directors of the Company (the “Board”) has determined that, in order to attract and retain qualified individuals as directors and officers, the Company will attempt to maintain
on an ongoing basis, at its sole expense, liability insurance to protect such persons serving the Company and its subsidiaries from certain liabilities.
Licensor shall promptly disclose to BioLine
, on an ongoing basis,any material information regarding the Drug including, without limitation, the development thereof and the Contemplated Clinical Trials, arising after the Execution Date of this Agreement of which Licensor becomes aware.
With respect to the Whole Loan, the Servicer shall prepare, or cause to be prepared,
on an ongoing basis,[state when or how often] a statement setting forth, to the extent applicable to the Whole Loan:
The Company agrees to provide
on an ongoing basissuch Confidential Information as the Company deems necessary or desirable to aid Executive in the performance of his duties.
The Company publishes on its web site (www.upm.com)
on an ongoing basiscertain public reports and documents required by foreign law or contemplated under Rule 12g3-2(b)(2)(i) under the Exchange Act.