Common use of SELLER'S OPERATION OF BUSINESS PRIOR TO CLOSING Clause in Contracts

SELLER'S OPERATION OF BUSINESS PRIOR TO CLOSING. Seller agrees that between the date of this Agreement and the date of closing, Seller will: 8.1.1 Use its best efforts to preserve its business organization and preserve the continued operation of its business with its customers, suppliers, and others having business relations with Seller; 8.1.2 Not assign, sell, lease or otherwise transfer or dispose of any of the assets listed in Schedule "A", except to Buyer; 8.1.3 Maintain all of its purchased Assets other than inventories in their present conditions, reasonable wear and tear and ordinary usage excepted and maintain the inventories at levels normally maintained.

Appears in 2 contracts

Samples: Asset Purchase and Liability Assumption Agreement (Identica Holdings Corp), Asset Purchase and Liability Assumption Agreement (Identica Holdings Corp)

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SELLER'S OPERATION OF BUSINESS PRIOR TO CLOSING. Seller agrees and Selling Shareholder agree that between the date of this Agreement and the date of closing, Seller will: 8.1.1 Use its best efforts to preserve its business organization and preserve the continued operation of its business with its customers, suppliers, and others having business relations with Seller; 8.1.2 Not assign, sell, lease or otherwise transfer or dispose of any of the assets listed in Schedule "A", except to Buyer; 8.1.3 Maintain all of its purchased Assets assets other than inventories in their present conditions, reasonable wear and tear and ordinary usage excepted accepted and maintain the inventories at levels normally maintained.

Appears in 1 contract

Samples: Asset Purchase Agreement (Identica Holdings Corp)

SELLER'S OPERATION OF BUSINESS PRIOR TO CLOSING. Seller agrees and Seller's Members agree that between the date of this Agreement and the date of closing, Seller will: 8.1.1 Use its best efforts to preserve its business organization and preserve the continued operation of its business with its customers, suppliers, and others having business relations with Seller;. 8.1.2 Not assign, sell, lease or otherwise transfer or dispose of any of the assets listed in Schedule "A"on the balance sheet, except to Buyer;. 8.1.3 Maintain all of its purchased Assets assets other than inventories in their present conditions, reasonable wear and tear and ordinary usage excepted accepted and maintain the inventories at levels normally maintained.

Appears in 1 contract

Samples: Asset Purchase Agreement (Innovest Global, Inc.)

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SELLER'S OPERATION OF BUSINESS PRIOR TO CLOSING. Seller agrees that between the date of this Agreement and the date of closingCLOSING, Seller will: 8.1.1 7.1.1 Use its best efforts to preserve its business organization and preserve the continued operation of its business with its customers, suppliers, and others having business relations with Seller;. 8.1.2 7.1.2 Not assign, sell, lease or otherwise transfer or dispose of any of the carrier agreements or assets listed in Schedule on Exhibit "A", except to Buyer;. 8.1.3 7.1.3 Maintain all of its purchased Assets other than inventories assets in their present conditions, reasonable wear and tear and ordinary usage excepted and maintain the inventories at levels normally maintainedaccepted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Peak Entertainment Holdings Inc)

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