OPERATION OF THE BUSINESS BEFORE CLOSING Sample Clauses

OPERATION OF THE BUSINESS BEFORE CLOSING. Seller hereby agrees, from the date of execution of this contract to the date of Closing, to carry on the business activities and operations of the Business diligently and in substantially the same manner as has been customary in the past, and Seller shall not remove any items, with the exception of product inventory sold in the normal course of business.
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OPERATION OF THE BUSINESS BEFORE CLOSING. During the period beginning (and including) April 1, 1997, and through the Closing, Seller shall operate the Business for the benefit of Buyer (except for the collection of accounts receivable which existed as of the close of business on March 31, 1997, which belong to Seller) in the same manner as if Seller were continuing to operate the Business for its own benefit, including use of the same overhead allocation methodology. At the Closing, Seller shall deliver to Buyer a schedule setting forth (reasonable detail) its actual direct expenses and cost of goods sold (other than goods already purchased by Buyer pursuant to Section 1.1) in running the Business during that period, which shall be reimbursed by Buyer at the Closing net of any revenues (other than as described above) generated by the Business during that period.

Related to OPERATION OF THE BUSINESS BEFORE CLOSING

  • Operation of the Business Between the date of this Agreement and the Closing, Seller shall:

  • Closing The closing of the sale of the Mortgage Loans (the “Closing”) shall be held at the offices of special counsel to the Purchaser at 10:00 a.m., New York City time, on the Closing Date. The Closing shall be subject to each of the following conditions:

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