COVENANTS AND CONDUCT OF SELLER Clause Samples
The "Covenants and Conduct of Seller" clause sets out the obligations and behavioral standards that the seller must adhere to during the period between signing and closing of a transaction. Typically, this clause requires the seller to operate the business in the ordinary course, refrain from making significant changes without the buyer's consent, and maintain assets and relationships as they were prior to the agreement. Its core practical function is to preserve the value and condition of the business being sold, ensuring that the buyer receives the business as expected and protecting against adverse changes before the transaction is finalized.
COVENANTS AND CONDUCT OF SELLER. FROM THE DATE OF EXECUTION OF THIS AGREEMENT TO THE CLOSING DATE
COVENANTS AND CONDUCT OF SELLER. FROM THE DATE OF EXECUTION OF THIS AGREEMENT TO THE CLOSING DATE Seller and the Members, jointly and severally, covenant that from the date of the execution of this Agreement to the Closing Date, Seller shall:
COVENANTS AND CONDUCT OF SELLER. FROM THE DATE OF EXECUTION OF THIS AGREEMENT TO THE CLOSING DATE Seller and the Seller, jointly and severally, covenant that from the date of the execution of this Agreement to the Closing Date, Seller shall:
7.1 Encumbrance of Copyrights in the Fighter Library. Not cause any Encumbrance of any kind to be placed upon any of the Copyrights in the Fight Library.
7.2 Disposition of Copyrights in the Fighter Library. Not sell or transfer any of the Copyrights in the Fight Library, except for single commercial end user licenses on a fight-by-fight basis in each case in the ordinary course of business and consistent with past practice.