Common use of Ability to Conduct Business Clause in Contracts

Ability to Conduct Business. As of the Closing, the Assets will be sufficient and adequate to permit the continued conduct of the Business substantially as it has been conducted since January 1, 1996 and, assuming all Seller Required Consents are obtained, the consummation of the Contemplated Transactions hereby will enable Buyer to conduct the Business substantially as it has been conducted since that date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Premier Parks Inc), Asset Purchase Agreement (Premier Parks Inc)

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Ability to Conduct Business. As of the ClosingClosing Date, the Assets will be sufficient and adequate to permit the continued conduct of the Business substantially as it has been conducted since January 1, 1996 1999 and, assuming all Seller the Sellers Required Consents are obtained, the consummation of the Contemplated Transactions hereby will enable Buyer to conduct the Business substantially as it has been conducted since that date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Six Flags Inc)

Ability to Conduct Business. As of the Closing, the The Assets will be are sufficient and adequate to permit the continued conduct of the Business substantially as it has been conducted since January 1, 1996 1997 and, assuming all Seller Required Consents are have been obtained, the consummation of the Contemplated Transactions hereby will enable Buyer to conduct the Business substantially as it has been conducted since that date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Technology Flavors & Fragrances Inc)

Ability to Conduct Business. As of the Closing, the Assets assets of the Company will be sufficient and adequate to permit the continued conduct of the Business business of the company and the Company Subsidiaries substantially as it has been conducted since January 1, 1996 2001 and, assuming all Seller Required Consents are obtained, the consummation of the Contemplated Transactions hereby transactions contemplated by the terms of this Agreement will enable the Buyer to conduct the Business business substantially as it has been conducted since that date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Entertainment International LTD)

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Ability to Conduct Business. As of the Closing, the Assets Assets, other than working capital, will be sufficient and adequate to permit the continued conduct of the Business substantially as it has been conducted since January 1, 1996 1995 and, assuming all Seller Required Consents are obtained, the consummation of the Contemplated Transactions hereby will enable Buyer to conduct the Business substantially as it has been conducted since that date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Premier Parks Inc)

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