Common use of Operations Prior to the Closing Date Clause in Contracts

Operations Prior to the Closing Date. The Seller covenants and agrees that, except (i) as expressly contemplated hereby, (ii) with the prior written consent of the Buyer (which consent shall not be unreasonably withheld, conditioned or delayed), or (iii) as otherwise required under the Bankruptcy Code or by Legal Requirements, after the Execution Date and prior to the Closing Date, the Seller shall carry on the business in the Ordinary Course of Business of the Seller and use commercially reasonable efforts to maintain, preserve and protect the Acquired Assets in the condition in which they exist on the Execution Date.

Appears in 5 contracts

Samples: Business and Asset Transfer Agreement (Whitebox Advisors LLC), Business and Asset Transfer Agreement (Bracebridge Capital, LLC), Business and Asset Transfer Agreement (Ci Investments Inc.)

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