Maintenance of Acquired Assets. Seller shall maintain all of the Acquired Assets in their present order and condition (including routine or necessary maintenance), subject to normal wear and tear and normal obsolescence and the requirements of the Business, and will maintain insurance upon all of its assets and operations of the kind and in the amounts existing as of the date of this Agreement, to the extent available on a reasonably comparable basis.
Maintenance of Acquired Assets. Sellers shall maintain the Acquired Assets in substantially the same condition as existed on the date of this Agreement, ordinary wear and tear excepted.
Maintenance of Acquired Assets. Seller shall, during the period from the Effective Date until the Closing Date (or until the termination of this Agreement pursuant to Article X), maintain the Assets, all properties and assets of Waterlink UK and the Subsidiaries, and all of Waterlink UK's and the Subsidiaries' net operating losses, in each case consistent with past practice, subject to any restrictions imposed by the Bankruptcy Court.
Maintenance of Acquired Assets. Seller shall, during the period from the date hereof until the Closing Date (or until the termination of this Agreement pursuant to Article VI), conduct the Business only in the ordinary and normal course thereof and maintain the Assets in customary condition (ordinary wear and tear excepted), in each case, consistent with past practice since the filing of the Chapter 11 Case but subject to any restrictions imposed by the Bankruptcy Court; provided, however, that Seller shall not, during such period, engage in any transaction with any Affiliate of Seller or make any shipment with respect to Inventory with an aggregate cost in excess of $10,000; and, provided, further, that Seller’s executive, Xxxxxx X. Xxxxxx, during such period, shall not supervise, conduct or otherwise interfere with, directly or indirectly, the operations and affairs of Seller or the Business.
Maintenance of Acquired Assets. Except (a) as contemplated by this Agreement, (b) as required by applicable law or by any agreement in effect on the date hereof, (c) as set forth on Schedule 4.2 attached hereto, or (d) with Buyer’s prior written consent (which shall not be unreasonably withheld, conditioned or delayed), during the period from the date of this Agreement until the Closing Date, Seller shall not sell, transfer, license or otherwise dispose of to any third party any portion of the Acquired Assets (except for the sale of goods and services in the ordinary course of business).
Maintenance of Acquired Assets. Seller shall, during the period from the Effective Date until the Closing Date (or until the termination of this Agreement pursuant to Article X), maintain the Assets, all properties and assets of Waterlink UK and the Subsidiaries, and all of Waterlink UK's and the Subsidiaries' net operating losses, in each case consistent with past practice, subject to any restrictions imposed by the Bankruptcy Court. From the date hereof through Closing, none of Seller, Waterlink UK or the Subsidiaries shall (i) transfer, sell, dispose of, convey or expend assets or properties except the sale of products of their businesses, consistent with past practices; (ii) incur any financing or indebtedness (other than ordinary course borrowing under financing described in Section 2.2); (iii) take any action that could have the effect of increasing or accelerating the UK Pension Obligations or of terminating or winding up the associated plans; (iv) enter into any contract or incur any obligation except as necessary to sell products on terms consistent with past practices; (v) hire any employee, increase or change the pay or benefits of any employee; (vi) take any action that will result in an Encumbrance, Claim or Lien on assets or property of Waterlink UK or the Subsidiaries; (vii) make any distribution or redemption with respect to equity or stock; or (viii) take any other action, except as is necessary to sell products of its business, consistent with past practices. Seller shall maintain existing and customary insurance coverage on all assets and properties of Seller, Waterlink UK and the Subsidiaries through Closing.
Maintenance of Acquired Assets. Seller will keep at its own expense in a normal historical state of repair and operating efficiency the Acquired Assets. On the Closing Date, the operation of the Stations and the technical equipment shall be in material compliance with the FCC Licenses and the FCC's Rules and Regulations and all other applicable laws and regulations. Except as set forth on the Disclosure Schedule, no citations, complaints or petitions shall be pending or, to Seller's Knowledge, threatened against Seller.
