Operation of Company. (a) Except as specifically provided in this Agreement, between the date of this Agreement and the Effective Time, the Company shall:
Operation of Company. From and after the date hereof through the Closing, the Company shall not enter into any transaction or take any action other than in the ordinary course of business, except that the Company may enter into such transactions and take such other actions outside of the ordinary course of business, in each case as may be specifically approved in writing by the Purchasers.
Operation of Company. 25 6.4.1 Operations During Transition Period..................25 6.4.2 Absorption of Existing Channels......................25 6.4.3 German Venture Expenses..............................25 6.4.4 Services Provided by PEGI............................25 6.4.5 Creation of Local Ventures and Provision for Local Partners.............................................26 6.4.6
Operation of Company. 36 8.2 Exclusivity..............................................36
Operation of Company s account with BoS --------------------------------------- On receiving notice that the Company has encumbered or disposed of any of the Assets BoS will be entitled to close the Company's then current account or accounts and to open a new account or accounts with the Company and (without prejudice to any right of BoS to combine accounts) no money paid in or carried to the Company's credit in any such new account will be appropriated towards or have the effect of discharging any part of the amount due to BoS on any closed account. If BoS does not open a new account or accounts immediately on receipt of such notice BoS will nevertheless be treated as if it had done so at the time when it received such notice and as from that time all payments made to BoS will be credited or be treated as having been credited to the new account or accounts and will not reduce the amount of the Secured Liabilities.
Operation of Company. After Closing, Purchaser agrees that -------------------- the Company will not be merged or combined with any subsidiary of the Purchaser which owns or operates car washes. After Closing, the Purchaser shall make available to the Company a minimum of One Million Five Hundred Thousand ($1,500,000) Dollars in working capital on an as-needed basis. After Closing, the Company's President shall be Xxxxx Xxxxxxx who will be employed under the terms of an Employment Agreement executed between the Purchaser and Xxxxx Xxxxxxx, at Closing.
Operation of Company. From the date hereof to the Closing Date, except to the extent that Purchaser shall consent in writing, Target shall operate its business in such a manner as would be the ordinary course of business consistent with recent past practice. Without limiting the generality of the foregoing, Target shall:
Operation of Company. Company shall be operated in such a manner that it would not be substantively consolidated in the trust estate of another Person (that is, such that the separate legal existence of Company and such Person would be disregarded) and in that regard, the Company shall:
Operation of Company. The Buyer hereby agrees that it shall maintain the Company as a wholly owned subsidiary and for a period of two (2) years will not sell, transfer or encumber the Shares of the Company without the prior written consent of Sellers. Buyer further acknowledges that the Company shall maintain its current management, consistent with the Employment Agreements referred to in Section 7.4 hereof provided the Company reasonably performs in accordance with its projections which projections shall be agreed upon by the Company and Buyer and are attached hereto and incorporated herein as Exhibit 6.5. The Buyer hereby acknowledges that is has no intention of changing the management of the Company, dismantling the Company or selling off its assets.
Operation of Company. The Buyer agrees to operate the Company as a wholly-owned subsidiary of Buyer for the lesser of: (i) the three (3) year period following the Closing Date; or (ii) the actual term of Jamex X. Xxxxxxxx'x xxxloyment with the Company, and, during such period, shall operate the Company in a manner consistent with past Company practices under the Company name.
