Common use of CONDUCT OF BUSINESS UP TO COMPLETION Clause in Contracts

CONDUCT OF BUSINESS UP TO COMPLETION. 4.1 The Vendor will between the date of this agreement and Completion: (i) ensure the Business is prudently carried on in the ordinary and normal course as a going concern with all due skill and care in a businesslike manner and, without limitation, that all sums payable under the Business Contracts are paid on the due date; (ii) incur for the Business no liabilities (prospective, contingent or actual) or other obligations which are of an unusual nature or amount to or constitute a material commitment other than those incurred in the normal course of business; (iii) make no alteration to the terms of employment of the Employees (including the basis of the remuneration payable to them); and (iv) supply customers of the Business with the usual products and services of the Business.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Home Security International Inc), Asset Purchase Agreement (Home Security International Inc), Nz Asset Purchase Agreement (Home Security International Inc)

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