Common use of Restrictions on Seller Dissolution and Distributions Clause in Contracts

Restrictions on Seller Dissolution and Distributions. Seller shall not dissolve, or make any distribution of the proceeds received pursuant to this Agreement, until the later of (a) thirty (30) days after the completion of all adjustment procedures contemplated by Section 2.8; or (b) Seller's payment, or adequate provision for the payment, of all of its obligations pursuant to Sections 9.2 and 9.3.

Appears in 1 contract

Samples: Asset Purchase Agreement (Astec Industries Inc)

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Restrictions on Seller Dissolution and Distributions. Seller shall not dissolve, or make any distribution of the proceeds received pursuant to this Agreement, until the later lapse of more than eighteen (a18) thirty (30) days months after the completion of all adjustment procedures contemplated by Section 2.8; or (b) Seller's payment, or adequate provision for the payment, of all of its obligations pursuant to Sections 9.2 and 9.3Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Caraustar Industries Inc)

Restrictions on Seller Dissolution and Distributions. Seller shall not dissolve, or make any distribution of the proceeds received pursuant to this Agreement, until the later of (a) thirty (30) 30 days after the completion of all Purchase Price adjustment procedures contemplated by Section 2.8; or (b) Seller's ’s payment, or adequate provision for the payment, of all of its obligations pursuant to Sections 9.2 and 9.3Section 6.2; or (c) the lapse of more than five years after the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Franklin Covey Co)

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Restrictions on Seller Dissolution and Distributions. Seller shall not dissolve, or make any distribution of the proceeds received pursuant to this Agreement, until the later of (a) thirty (30) days after the completion of all adjustment procedures contemplated by Section 2.8; or (b) Seller's payment, or adequate provision for the payment, of all of its obligations pursuant to Sections 9.2 and 9.32.7.

Appears in 1 contract

Samples: Asset Purchase Agreement (Raven Industries Inc)

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