Common use of Operation of Business Pending Closing Clause in Contracts

Operation of Business Pending Closing. Seller will not engage in any practice, take any action or enter into any transaction outside the ordinary course of the Business and will continue to operate the Purchased Assets in a manner consistent with the past practices of the business, including maintenance and repair of the Vessels and related equipment. Without limiting the foregoing:

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Hercules Offshore, Inc.)

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Operation of Business Pending Closing. Seller will not engage in any practice, take any action action, or enter into any transaction outside the its ordinary course of the Business business and will continue to operate the Purchased Assets in a manner consistent with the Seller’s past practices of the businessand accepted oilfield practice, including maintenance and repair of the Vessels Barge Rigs and related equipment. Without limiting the foregoing:

Appears in 1 contract

Samples: Asset Purchase Agreement (Parker Drilling Co /De/)

Operation of Business Pending Closing. Seller will not engage in any practice, take any action action, or enter into any transaction outside the its ordinary course of the Business business and will continue to operate the Purchased Assets in a manner consistent with the Seller’s past practices of the businessand accepted oilfield practice, including maintenance and repair of the Vessels Drilling Rig and related equipment. Without limiting the foregoing:

Appears in 1 contract

Samples: Asset Purchase Agreement (Hercules Offshore, LLC)

Operation of Business Pending Closing. Neither Seller will not engage in any practice, take any action or enter into any transaction outside the ordinary course of the Business and will continue to operate the Purchased Assets in a manner consistent with the past practices of the businessBusiness, including maintenance and repair of the operating Vessels and related equipment. Without limiting the foregoing:

Appears in 1 contract

Samples: Asset Purchase Agreement (Hercules Offshore, LLC)

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Operation of Business Pending Closing. Seller will not engage in any practice, take any action action, or enter into any transaction outside the its ordinary course of the Business business and will continue to operate the Purchased Assets in a manner consistent with the Seller’s past practices of the businessand accepted oilfield practice, including maintenance and repair of the Vessels operating Drilling Rigs and related equipment. Without limiting the foregoing:

Appears in 1 contract

Samples: Asset Purchase Agreement (Hercules Offshore, LLC)

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