Common use of Operations of the Business Clause in Contracts

Operations of the Business. From the date of execution of the Letter of Intent through the date of execution of the Management Agreement, Seller has operated the Business only in the usual, regular and ordinary course and manner consistent with past practices, and has not entered into agreements or transactions with any Person, including any Affiliate (except for Buyer), or incurred obligations which would or could reasonably be expected to have a material, adverse impact on the operations, financial status or condition, or prospects of the Business. From the date of execution of the Management Agreement, Seller has operated, and will continue through the Closing Date to operate, the Business in accordance with and subject to the Management Agreement and in accordance with and subject to Section 5.1 hereof.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Global Med Technologies Inc), Asset Purchase Agreement (Global Med Technologies Inc)