Common use of Control Prior to Closing Clause in Contracts

Control Prior to Closing. The parties acknowledge and agree that, for the purposes of any applicable Law, this Agreement, including the covenants in Article V, are not intended to and shall not be construed to transfer control of the Business from Seller to Buyer prior to the Effective Time.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Stein Avy H), Asset Purchase Agreement (CTN Media Group Inc)