Common use of Operation of Seller's Business Pending Closing Clause in Contracts

Operation of Seller's Business Pending Closing. Unless Buyer otherwise consents, during the period prior to the Closing Date, Seller shall operate the Business as currently operated and only in the ordinary course of business and, consistent with such operation, shall use commercially reasonable efforts to preserve intact the Business and its relationships with employees and persons having dealings with it. Without limiting the generality of the foregoing, without the prior consent of the Buyer, through and until the Closing Date:

Appears in 2 contracts

Samples: Asset Purchase Agreement (Ddi Corp), Asset Purchase Agreement (Ddi Corp)

AutoNDA by SimpleDocs

Operation of Seller's Business Pending Closing. Unless Buyer otherwise consents, during the period prior to the Closing Date, Seller shall use commercially reasonable efforts to operate the Business as currently operated and only in the ordinary course of business and, consistent with such operation, shall use commercially reasonable efforts to preserve intact the Business and its relationships with employees and persons having dealings with it. Without limiting the generality of the foregoing, without the prior consent of the Buyer, through and until the Closing Date:.

Appears in 1 contract

Samples: Asset Purchase Agreement (Friede Goldman Halter Inc)

Operation of Seller's Business Pending Closing. Unless Buyer otherwise consents, during the period prior to the Closing Date, Seller shall operate the Business Business, subject to the orders and direction of the Bankruptcy Court, as currently operated and only in the ordinary course of business and, consistent with such operation, shall use commercially reasonable efforts to preserve intact the Business and its Seller’s relationships with employees employees, customers, suppliers, and persons other Persons having dealings with it. Without limiting the generality of the foregoing, without the prior consent of the Buyer, through and until the Closing Date:.

Appears in 1 contract

Samples: Asset Purchase Agreement (Park Pharmacy Corp)

AutoNDA by SimpleDocs

Operation of Seller's Business Pending Closing. Unless Buyer otherwise consents, during the period prior to the Closing Date, Seller shall operate the Business as currently operated and only in the ordinary course of business and, consistent with such operation, shall use commercially reasonable efforts to preserve intact the Business its current business organization and its relationships with employees and persons having dealings with it. Without limiting the generality of the foregoing, without the prior consent of the Buyer, through and until the Closing Date:.

Appears in 1 contract

Samples: Asset Purchase Agreement (Convergent Communications Inc /Co)

Time is Money Join Law Insider Premium to draft better contracts faster.