Common use of Interim Provisions Clause in Contracts

Interim Provisions. During the period between the execution of this Agreement and the closing: a. Sellers will see to it that the Company will continue business in its normal manner and among other things keep its insurance in effect, comply with all laws and use its best efforts to retain the services and goodwill of its personnel and good relations with its suppliers, dealers and customers. ▇. ▇▇▇▇▇▇▇ will obtain such clearances as may be required from the Department of Justice, Federal Trade Commission, Internal Revenue Service and other governmental agencies as may be necessary; and will have the Buyer added as an insured to the Company's existing insurance policies. ▇. ▇▇▇▇▇▇▇ shall be obligated to prevent the Company from taking any extraordinary action. Specifically, and without limitation, no increases or bonuses shall be given to executives; no long-term contracts shall be entered into; no declarations or dividends, amendments to the articles of incorporation of bylaws, dispositions of property, creation of mortgages, liens or debts, large capital outlays, redemption's of stock, mergers or consolidations, shall be made. d. Buyer shall have the option to terminate this contract if any of the provisions of paragraph (b) or (c) immediately preceding are not complied with; or if any injunction is issued against the transaction herein set forth; or if any substantially adverse change occurs in the Company's business, in labor or legislative matters affecting the Company, or in general business conditions; or if there is substantial destruction, damage or loss of the Company's property.