Common use of Interim Events Clause in Contracts

Interim Events. Seller agrees that Seller will take no action prior to the Closing, other than in the ordinary course of Business, which would or might have a material adverse effect upon the financial condition of Seller, and no benefits will be paid or incurred to shareholders, officers, or directors of Seller between the date hereof and the Closing, other than as is consistent with past activities and practices. Seller will use Seller's best efforts to preserve for Buyer the present relationships of Seller with Seller's employees, customers and others having business relations with Seller.

Appears in 4 contracts

Samples: Agreement for Purchase and Sale of Assets (Janex International Inc), Purchase and Sale Agreement (Janex International Inc), Purchase and Sale Agreement (Janex International Inc)

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Interim Events. Seller agrees that Seller will take no action prior to the Closing, other than in the ordinary course of Businessbusiness, which would or might have a material adverse effect upon the financial condition of Seller, or the value of the Website, and no benefits will be paid or incurred to shareholders, officers, or directors of Seller between the date hereof and the Closing, other than as is consistent with past activities and practices. Seller will use Seller's best efforts to preserve for Buyer the present relationships of Seller with Seller's employees, customers and others having business relations with SellerSeller relating to the Website.

Appears in 1 contract

Samples: Agreement for Purchase and Sale of Okid Assets (Janex International Inc)

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