Vendors’ Pre-Completion Obligations Clause Samples

Vendors’ Pre-Completion Obligations. The Vendors undertake to procure and ensure that, between the date of this Agreement and the Completion Date: (a) the Company shall preserve and maintain in full force and effect its corporate existence; (b) the business of the Company shall be carried on in compliance in all respects with all applicable laws, rules, regulations and orders to which it is subject and as a going concern in the ordinary and usual course as carried on prior to the date of this Agreement and in a manner consistent with past practices, save in so far as agreed in writing by the Purchaser; (c) the Company shall maintain in force all existing Licences and permits necessary for the carrying on of the business of the Company for the benefit of the Company; (d) without prejudice to the generality of paragraph 1(a), the Company shall not, except with the prior written consent of the Purchaser: