Common use of Control of Business Pending Closing Clause in Contracts

Control of Business Pending Closing. Nothing contained in this Agreement shall give Buyer, directly or indirectly, rights to control or direct the operations of Seller or its Affiliates prior to the Closing. Prior to the Closing, Seller shall exercise, consistent with the terms and conditions of this Agreement and subject to the express limitations of Section 5.1.1, complete control and supervision of the operation of the Business.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Verizon South Inc), Asset Purchase Agreement (Centurytel Inc)

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Control of Business Pending Closing. Nothing contained in this Agreement shall give Buyer, directly or indirectly, rights to control or direct the operations of Seller Sellers or its their Affiliates prior to the Closing. Prior to the Closing, Seller Sellers shall exercise, consistent with the terms and conditions of this Agreement and subject to the express limitations of Section 5.1.1, complete control and supervision of the operation of the Business.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Centurytel Inc), Asset Purchase Agreement (Verizon South Inc)

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Control of Business Pending Closing. Nothing contained in this Agreement shall give Buyer, directly or indirectly, rights the right to control or direct the Company's operations of Seller or its Affiliates prior to the Closing. Prior to the Closing, Seller shall exercise, consistent with the terms and conditions of this Agreement and subject to the express limitations of Section 5.1.1, complete control and supervision of the operation of the Business.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Infocrossing Inc)

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