Seller’s Operation. of Business Prior to Closing. Seller agrees that between the date of this Agreement and the Closing Date, Seller will: 7.1.1 Continue to operate the business that is the subject of this Agreement in the usual and ordinary course and in conformity in all material respects with all applicable laws, ordinances, regulations, rules, or orders, and will use its best efforts to preserve its business organization and preserve the continued operation of its business with its customers, suppliers, and others having business relations with Seller. 7.1.2 Not assign, sell, lease, or otherwise transfer or dispose of any of the assets used in the performance of its business, whether now owned or hereafter acquired, except in the normal and ordinary course of business and in connection with its normal operation. 7.1.3 Maintain its assets other than inventories in their present condition, reasonable wear and tear and ordinary usage excepted, and maintain the inventories at levels normally maintained.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Go Online Networks Corp)
Seller’s Operation. of Business Prior to Closing. Seller agrees that between the date of this Agreement and the Closing Date, Seller will:
7.1.1 8.1.1 Continue to operate the business that is the subject of this Agreement in the usual and ordinary course and in conformity in all material respects with all applicable laws, ordinances, regulations, rules, or orders, and will use its best efforts to preserve its business organization and preserve the continued operation of its business with its customers, suppliers, and others having business relations with Seller.
7.1.2 8.1.2 Not assign, sell, lease, or otherwise transfer or dispose of any of the assets used in the performance of its business, whether now owned or hereafter acquired, except in the normal and ordinary course of business and in connection with its normal operation.
7.1.3 8.1.3 Maintain its assets other than inventories in their present condition, reasonable wear and tear and ordinary usage excepted, and maintain the inventories at levels normally maintained.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Go Online Networks Corp /De/)
Seller’s Operation. of Business Prior to Closing. Seller agrees that between the date of this Agreement and the Closing Date, Seller will:
7.1.1 Continue to operate the business that is the subject of this Agreement in the usual and ordinary course and in conformity in all material respects with all applicable laws, ordinances, regulations, rules, or orders, and will use its best efforts to preserve its business organization and preserve the continued operation of its business with its customers, suppliers, and others having business relations with Seller.
7.1.2 Not assign, sell, lease, or otherwise transfer or dispose of any of the assets used in the performance of its business, whether now owned or hereafter acquired, except in the normal and ordinary course of business and in connection with its normal operation.
7.1.3 Maintain its assets other than inventories in their present condition, reasonable wear and tear and ordinary usage excepted, and maintain the inventories at levels normally maintained.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Go Online Networks Corp)