Pre-Closing Date Activities Sample Clauses
The Pre-Closing Date Activities clause outlines the obligations and permitted actions of the parties during the period between signing the agreement and the official closing date. Typically, this clause requires the seller to operate the business in the ordinary course, maintain assets, and refrain from making significant changes without the buyer’s consent. It ensures that the business remains stable and substantially unchanged prior to the transfer, thereby protecting the buyer from unexpected risks or value erosion before the transaction is finalized.
Pre-Closing Date Activities. Borrower has not conducted any business or other activity on or prior to the Closing Date, other than in connection with the acquisition, management and ownership of the Mortgaged Property.
Pre-Closing Date Activities. Borrower has not conducted any business or other activity, other than in connection with the acquisition, management and ownership of an REO Property or Mortgage Loan.
Pre-Closing Date Activities. Neither Borrower nor Operating Lessee have conducted any business or other activity on or prior to the Closing Date, other than in connection with the acquisition, development, management and ownership of the Mortgaged Property.