Common use of Transitional Use Clause in Contracts

Transitional Use. For the avoidance of doubt, subject to satisfaction of the terms and conditions of this Agreement, and prior to the transfer of the Transferred Assets to Kankan and/or Nesound pursuant to Article 3.2, the Transferor shall: (1) Continue in using and operating the Transferred Assets in the normal way only for the purpose of carrying out Target Business; (2) Continue in making payments to customers, business partners and suppliers in the normal business operation; and (3) On or before the Date of this Agreement, take custody and maintain the Transferred Assets to prevent any impairment in value.

Appears in 2 contracts

Sources: Business and Assets Transfer Agreement, Business and Assets Transfer Agreement (Xunlei LTD)