Common use of Pre-Closing Operations Clause in Contracts

Pre-Closing Operations. Until such time as the Subject Franchises have been transferred and assigned to TJC, Seller and the Shareholder shall continue to operate the Subject Franchises in a commercially reasonable manner (including without limitation, engaging in the sale of any products or packages at discounted amounts, or other revenue “stuffing” activities), consistent with the respective franchise agreement, and neither the Seller nor any of the Shareholder shall take any actions or operate the Subject Franchises in such a way as to cause or precipitate any diminution in their prospective, post-closing sales or any material shift in their prospective, post-closing revenue streams.

Appears in 2 contracts

Samples: Asset and Franchise Agreement Purchase Agreement (JOINT Corp), Asset and Franchise Agreement Purchase Agreement (JOINT Corp)

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Pre-Closing Operations. Until such time as the Subject Franchises have Franchise has been transferred and assigned to TJC, Seller and the Shareholder shall continue to operate the Subject Franchises Franchise in a commercially reasonable manner (including without limitation, engaging in the sale of any products or packages at discounted amounts, or other revenue “stuffing” activities), consistent with the respective franchise agreement, and neither the Seller nor any of the Shareholder shall take any actions or operate the Subject Franchises Franchise in such a way as to cause or precipitate any diminution in their prospective, post-closing sales or any material shift in their prospective, post-closing revenue streams.

Appears in 2 contracts

Samples: Asset and Franchise Agreement Purchase Agreement (JOINT Corp), Asset and Franchise Agreement Purchase Agreement (JOINT Corp)

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