Pre-Closing Contract definition
Examples of Pre-Closing Contract in a sentence
In connection therewith, the Transferred Company shall assume, and undertake to pay, perform and discharge as and when due, all Assumed Pre-Closing Contract Liabilities.
After the Closing, Buyer shall cause the Transferred Company to pay all Assumed Pre-Closing Contract Liabilities as and when due and promptly reimburse Seller for the performance by Seller (or any of its Affiliates) of any Assumed Pre-Closing Contract Liabilities the performance of which by, or on behalf of, the Transferred Company is not accepted by the obligee in the exercise of such obligee’s lawful rights.
If, as of the Closing, the rights and obligations of Dekania CM under any Pre-Closing Contract have not been assigned and transferred to CCFL and Dekania CM has not been released of all obligations under such Pre-Closing Contract, the Parties will cause CCFL and Dekania CM to enter into a sub-advisory agreement, in the form and substance as previously agreed by the Parties, for each such Pre-Closing Contract at the Closing.