Common use of Operations Pending Closing Clause in Contracts

Operations Pending Closing. In order to ensure the continued operations of the Company and to insure the ongoing business operations of the Company, immediately upon execution of this Agreement, Catalyst shall have the right, but not the obligation, to designate the chief financial officer and a director of the Company. Said designee shall have the rights to manage the Company’s financial operations, contractual commitments, funding and banking requirements.

Appears in 5 contracts

Samples: Purchase and Share Exchange Agreement (Catalyst Group Holdings Corp.), Purchase and Share Exchange Agreement (Catalyst Group Holdings Corp.), Purchase and Share Exchange Agreement (Catalyst Group Holdings Corp.)

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