Common use of Pre-Closing Clause in Contracts

Pre-Closing. 5.1 The Sellers’ Obligations in Relation to the Conduct of Business 5.1.1 Each Seller undertakes to procure that between the date of this Agreement and Closing, it and the relevant members of that Seller’s Group shall, so far as permitted by Applicable Law, carry on its Contributed Business as a going concern in the ordinary course as carried on immediately prior to the date of this Agreement save in so far as agreed in writing by the other Seller (such consent not to be unreasonably withheld or delayed).

Appears in 4 contracts

Samples: Contribution Agreement, Contribution Agreement (Glaxosmithkline PLC), Contribution Agreement (Novartis Ag)

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Pre-Closing. 5.1 The Sellers’ Seller’s Obligations in Relation to the Conduct of Business 5.1.1 Each The Seller undertakes to procure that between the date of this Agreement and Closing, it and the relevant members of that the Seller’s Group shall, so far as permitted by Applicable Law, carry on its Contributed the Business as carried on by the Seller Group as a going concern in the ordinary course as carried on immediately prior to the date of this Agreement save in so far as agreed in writing by the other Seller Purchaser (such consent not to be unreasonably withheld or delayed).

Appears in 3 contracts

Samples: Sale and Purchase Agreement (Glaxosmithkline PLC), Sale and Purchase Agreement (Novartis Ag), Sale and Purchase Agreement (Novartis Ag)

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Pre-Closing. 5.1 The Sellers’ Seller’s Obligations in Relation to the Conduct of Business 5.1.1 Each The Seller undertakes to procure that between the date of this Agreement and Closing, it and the relevant members of that the Seller’s Group shall, so far as permitted by Applicable Law, carry on its Contributed the Business as carried on by the Vaccines Group as a going concern in the ordinary course as carried on immediately prior to the date of this Agreement save in so far as agreed in writing by the other Seller Purchaser (such consent not to be unreasonably withheld or delayed).

Appears in 3 contracts

Samples: Share and Business Sale Agreement (Glaxosmithkline PLC), Share and Business Sale Agreement (Novartis Ag), Share and Business Sale Agreement (Glaxosmithkline PLC)

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