Common use of Preservation of Business Prior to Closing Date Clause in Contracts

Preservation of Business Prior to Closing Date. During the period beginning on the date hereof and ending on the Closing Date, (a) Seller will use its best efforts to preserve the Business and to preserve the goodwill of customers, suppliers and others having business relations with Seller and (b) Seller and Buyer will consult with each other concerning, and Seller will cooperate to keep available to Buyer, the services of the officers and employees of Seller that Buyer may wish to retain. Nothing in this Section shall obligate Buyer after the Closing to retain or offer employment to any officer or employee of Seller.

Appears in 1 contract

Samples: Store Lease Agreement (Gottschalks Inc)

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Preservation of Business Prior to Closing Date. During the period beginning on the date hereof and ending on the Closing Date, (a) Seller the Sellers will use its best reasonable commercial efforts to preserve the Business and to preserve the goodwill of customers, suppliers and others having business relations with Seller the Sellers and (b) Seller and Buyer will consult with each other concerning, and Seller the Sellers will cooperate to keep available to Buyer, the services of the officers and employees of Seller the Sellers that Buyer may wish to retainretain following the Closing. Nothing in this Section shall obligate Buyer after or the Closing Sellers to retain or offer employment to any officer or employee of Sellerthe Sellers after the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Seracare Inc)

Preservation of Business Prior to Closing Date. During the period beginning on the date hereof and ending on the Closing Date, (a) Seller will use its best efforts to preserve the Business and to preserve the goodwill of customers, suppliers licensors, manufacturers and others having business relations with Seller and (b) Seller and Buyer will consult with each other concerning, and Seller will cooperate to keep available to Buyer, the services of the officers and employees of Seller that Buyer may wish to retain. Nothing in this Section shall obligate Buyer after the Closing to retain or offer employment to any officer or employee of Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Image Entertainment Inc)

Preservation of Business Prior to Closing Date. During the period beginning on the date hereof and ending on the Closing Date, (a) Seller will use shall preserve its best efforts to preserve the Business and to preserve the goodwill of customers, suppliers and others having business relations with Seller Seller; and (b) Seller and Buyer will shall consult with each other Purchaser concerning, and Seller will shall use commercially reasonable efforts to cooperate with Purchaser, in connection with Purchaser’s efforts to keep available to Buyer, the services of the officers and employees of Seller that Buyer Purchaser may wish to retain. Nothing in this Section shall obligate Buyer retain after the Closing to retain or offer employment to any officer or employee of SellerClosing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Next Inc/Tn)

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Preservation of Business Prior to Closing Date. During the period beginning on the date hereof and ending on the Closing Date, (a) Seller will use its best efforts to Sellers shall preserve the Business their respective Businesses and to preserve the goodwill of customers, suppliers and others having business relations with Seller Sellers; and (b) Seller Sellers and Buyer will Stockholder shall consult with each other Purchaser concerning, and Seller will Sellers and Stockholder shall use commercially reasonable efforts to cooperate with Purchaser, in connection with Purchaser’s efforts to keep available to Buyer, the services of the officers and employees of Seller Sellers that Buyer Purchaser may wish Sellers to retain. Nothing in this Section shall obligate Buyer after the Closing to retain or offer employment to any officer or employee of Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Next Inc/Tn)

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