Common use of Ongoing Operations Clause in Contracts

Ongoing Operations. Seller will use its best effort to preserve intact the Acquired Assets and to continue to operate the Dealership as a going concern, including, but not limited to, maintaining commercially reasonable inventories and receivables. Seller will not dispose of any of the Acquired Assets except in the ordinary course of business consistent with past practices, and will not, without limiting the foregoing, hold a "going-out-of-business" or "liquidation" sale.

Appears in 5 contracts

Samples: Asset Purchase Agreement (Firstamerica Automotive Inc /De/), Asset Purchase Agreement (Firstamerica Automotive Inc /De/), Asset Purchase Agreement (Firstamerica Automotive Inc /De/)

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Ongoing Operations. From the date hereof to the Closing, Seller will use its best effort to preserve intact the Acquired Assets and to continue to operate the Dealership as a going concern, including, but not limited to, maintaining commercially reasonable inventories and receivablesinventories. Seller will not dispose of any of the Acquired Assets except in the ordinary course of business consistent with past practices, and will not, without limiting the foregoing, hold a "going-out-out- of-business" or "liquidation" sale.

Appears in 1 contract

Samples: Asset Purchase Agreement (Firstamerica Automotive Inc /De/)

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Ongoing Operations. From the date hereof to the Closing, Seller will use its best effort to preserve intact the Acquired Assets assets of the Corporation and to continue to operate the Dealership as a going concern, including, but not limited to, maintaining commercially reasonable inventories and receivablesinventories. Seller will not cause the Corporation to dispose of any of the Acquired Assets its assets except in the ordinary course of business consistent with past practices, and will not, without limiting the foregoing, hold a "going-out-of-business" or "liquidation" sale.

Appears in 1 contract

Samples: Stock Purchase Agreement (Firstamerica Automotive Inc /De/)

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