Operations of Purchaser Clause Samples
The "Operations of Purchaser" clause defines the rights and obligations of the purchaser regarding the management and conduct of the acquired business or assets after the transaction closes. Typically, this clause outlines the purchaser's authority to make operational decisions, maintain or alter business practices, and fulfill ongoing contractual or regulatory obligations. For example, it may specify that the purchaser must continue certain key contracts or comply with existing employment terms. The core function of this clause is to clarify the scope of the purchaser's control post-acquisition and to ensure a smooth transition of operations, thereby minimizing disputes and protecting the interests of both parties.
Operations of Purchaser. Purchaser has been formed solely for the purpose of engaging in the transactions contemplated hereby and prior to the Effective Time will have engaged in no other business activities and will have incurred no liabilities or obligations other than as contemplated herein.
Operations of Purchaser. Purchaser is a wholly owned Subsidiary of Parent and was formed solely for the purpose of engaging in the Transactions and has not engaged in any business activities or conducted any operations other than in connection with the Transactions.
Operations of Purchaser. 12 SECTION 5.05 Brokers........................................................................12
Operations of Purchaser. Prior to the Effective Time, Purchaser shall not engage in any other business activities and shall not incur any liabilities or obligations other than as contemplated herein.
Operations of Purchaser. 25 SECTION 5.06 Brokers.........................................................................................25 SECTION 5.07 Litigation......................................................................................25 SECTION 5.08 Sufficient Funds................................................................................25
Operations of Purchaser. Purchaser (and any other wholly owned subsidiary of Parent which may be used to effect the Offer and the Merger pursuant to 2.1) was formed solely for the purpose of engaging in the transactions contemplated by this Agreement, has engaged in no other business activities and has conducted its operations only as contemplated by this Agreement.
Operations of Purchaser. 32 SECTION 4.11 Opinion of Parent Financial Adviser.................... 32 SECTION 4.12 Funds.................................................. 32 SECTION 4.13
Operations of Purchaser. 22 SECTION 4.8
Operations of Purchaser. 22 ARTICLE V CONDUCT OF BUSINESS PENDING THE MERGER......................................23 SECTION 5.1 Conduct of Business of the Company Pending the Merger................................................23 ARTICLE VI
Operations of Purchaser. 24 Section 5.6 Brokers..................................................... 24 Section 5.7 Litigation.................................................. 24 Section 5.8 Funds....................................................... 24 ARTICLE VI COVENANTS...................................................... 24 Section 6.1 Conduct of Business of the Company.......................... 24