Common use of No Closing of Business Clause in Contracts

No Closing of Business. Merchant will not sell, dispose, transfer or otherwise convey all or substantially all of its business or assets without first: (i) obtaining the express written consent of Purchaser, and (ii) providing Purchaser with a written agreement of a purchaser or transferee of Merchant’s business or assets assuming all of Merchant’s obligations under this Agreement pursuant to documentation satisfactory to Purchaser. Merchant represents that it has no current plans to close its business either temporarily (for renovations, repairs or any other purpose), or permanently. Merchant agrees that until Purchaser shall have received all of the Sold Amount of Future Receipts, Merchant will not voluntarily close its business on a permanent or temporarily basis for renovations, repairs, or any other purposes. Notwithstanding the foregoing, Merchant shall have the right to close its business temporarily if such closing is necessitated by a requirement to conduct renovations or repairs imposed upon Merchant’s business by legal authorities having jurisdiction over Merchant’s business (such as from a health department or fire department) or if such closing is necessitated by circumstances outside Merchant’s reasonable control. Prior to any such temporary closure of its business, Merchant shall provide Purchaser ten (10) Business Days advance notice.

No Closing of Business. Merchant Seller will not sell, dispose, transfer or otherwise convey all or substantially all of its business or assets without first: (i) obtaining the express written consent of PurchaserBuyer, and (ii) providing Purchaser Buyer with a written agreement of a purchaser or transferee of MerchantSeller’s business or assets assuming to assume all of MerchantSeller’s obligations under this Agreement pursuant to documentation satisfactory to PurchaserBuyer. Merchant Seller represents that as of the date of Seller’s execution of this Agreement it has no current plans to close its business either temporarily (for renovations, repairs or any other purpose), or permanently. Merchant Seller agrees that until Purchaser Buyer shall have received all of the Sold Purchased Amount of Future Receiptsin full, Merchant Seller will not voluntarily close its business on a permanent or temporarily basis for renovations, repairs, or any other purposes. Notwithstanding the foregoing, Merchant Seller shall have the right to close its business temporarily if such closing is necessitated by a requirement to conduct renovations or repairs imposed upon MerchantSeller’s business by legal authorities having jurisdiction over MerchantSeller’s business (such as from a health department or fire department) ), or if such closing is necessitated by circumstances outside MerchantSeller’s reasonable control. Prior to any such temporary closure of its business, Merchant Seller shall provide Purchaser Buyer ten (10) Business Days business days advance noticenotice to the extent practicable.

No Closing of Business. Merchant Seller will not voluntarily sell, dispose, transfer or otherwise convey all or substantially all of its business or assets without first: (i) obtaining the express written consent of Purchaser, and (ii) providing Purchaser with a written agreement of a purchaser or transferee of MerchantSeller’s business or assets assuming all of MerchantSeller’s obligations under this Agreement pursuant to documentation satisfactory to Purchaser. Merchant Seller represents that it has no current plans to close its business either temporarily (for renovations, repairs or any other purpose), or permanently. Merchant Seller agrees that until Purchaser Pxxxxxxxx shall have received all of the Sold Amount of Future Receipts, Merchant Seller will not voluntarily close its business on a permanent or temporarily basis for renovations, repairs, or any other purposes. Notwithstanding the foregoing, Merchant Seller shall have the right to close its business temporarily if such closing is necessitated by a requirement to conduct renovations or repairs imposed upon MerchantSeller’s business by legal authorities having jurisdiction over MerchantSeller’s business (such as from a health department or fire department) or if such closing is necessitated by circumstances outside MerchantSeller’s reasonable control. Prior To the extent possible, prior to any such temporary closure of its business, Merchant Seller shall provide Purchaser ten (10) Business Days advance notice.

No Closing of Business. Merchant Seller will not sell, dispose, transfer or otherwise convey all or substantially all of its business or assets without first: (i) obtaining the express written consent of PurchaserBuyer, and (ii) providing Purchaser Buyer with a written agreement of a purchaser or transferee of MerchantSeller’s business or assets assuming to assume all of MerchantSeller’s obligations under this Agreement pursuant to documentation satisfactory to PurchaserBuyer. Merchant Seller represents that as of the date of Seller’s execution of this Agreement it has no current plans to close its business either temporarily (for renovations, repairs or any other purpose), or permanently. Merchant Seller agrees that until Purchaser Xxxxx shall have received all of the Sold Purchased Amount of Future Receiptsin full, Merchant Seller will not voluntarily close its business on a permanent or temporarily basis for renovations, repairs, or any other purposes. Notwithstanding the foregoing, Merchant Seller shall have the right to close its business temporarily if such closing is necessitated by a requirement to conduct renovations or repairs imposed upon MerchantSeller’s business by legal authorities having jurisdiction over MerchantSeller’s business (such as from a health department or fire department) ), or if such closing is necessitated by circumstances outside MerchantSeller’s reasonable control. Prior to any such temporary closure of its business, Merchant Seller shall provide Purchaser Buyer ten (10) Business Days business days advance noticenotice to the extent practicable.

No Closing of Business. Merchant Seller will not sell, dispose, transfer or otherwise convey all or substantially all of its business or assets without first: (i) obtaining the express written consent of PurchaserBuyer, and (ii) providing Purchaser Buyer with a written agreement of a purchaser or transferee of MerchantSeller’s business or assets assuming to assume all of MerchantSeller’s obligations under this Agreement pursuant to documentation satisfactory to PurchaserBuyer. Merchant Seller represents that as of the date of Seller’s execution of this Agreement it has no current plans to close its business either temporarily (for renovations, repairs or any other purpose), or permanently. Merchant Seller agrees that until Purchaser Bxxxx shall have received all of the Sold Purchased Amount of Future Receiptsin full, Merchant Seller will not voluntarily close its business on a permanent or temporarily basis for renovations, repairs, or any other purposes. Notwithstanding the foregoing, Merchant Seller shall have the right to close its business temporarily if such closing is necessitated by a requirement to conduct renovations or repairs imposed upon MerchantSeller’s business by legal authorities having jurisdiction over MerchantSeller’s business (such as from a health department or fire department) ), or if such closing is necessitated by circumstances outside MerchantSeller’s reasonable control. Prior to any such temporary closure of its business, Merchant Seller shall provide Purchaser Buyer ten (10) Business Days business days advance noticenotice to the extent practicable.

No Closing of Business. Merchant will not sell, dispose, transfer or otherwise convey all or substantially all of its business or assets without first: (i) obtaining the express written consent of Purchaser, unless Merchant’s obligations hereunder are repaid in full concurrently with the closing of such transaction, and (ii) providing Purchaser with a written agreement of a purchaser or transferee of Merchant’s business or assets assuming all of Merchant’s obligations under this Agreement pursuant to documentation satisfactory to Purchaser. Merchant represents that it has no current plans to close its business either temporarily (for renovations, repairs or any other purpose), or permanently. Merchant agrees that until Purchaser shall have received all of the Sold Amount of Future Receipts, Merchant will not voluntarily close its business on a permanent or temporarily basis for renovations, repairs, or any other purposes. Notwithstanding the foregoing, Merchant shall have the right to close its business temporarily if such closing is necessitated by a requirement to conduct renovations or repairs imposed upon Merchant’s business by legal authorities having jurisdiction over Merchant’s business (such as from a health department or fire department) or if such closing is necessitated by circumstances outside Merchant’s reasonable control. Prior to any such temporary closure of its business, Merchant shall provide Purchaser ten (10) Business Days advance notice.