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

Operations Prior to the Closing Date. (a) During the period prior to the Closing Date, the Sellers shall cause GNB and each of the Subsidiaries to operate and carry on its operations only in the ordinary course and substantially as operated prior to the date hereof. (b) Notwithstanding Section 7.4(a), except as expressly provided for in this Agreement, or with the prior written consent of the Buyer, the Sellers shall not during the Period ending on the Closing Date take and shall not cause GNB or any of the Subsidiaries to take any of the actions set out in Section 5.6(b); provided, however, notwithstanding anything to the contrary herein, Sellers will not make, and since 9 May 2000 have not made any capital expenditure in excess of the local currency equivalent of US$250,000 (other than as permitted by Section 7.3(b) of the Principal US Agreement) without the prior written approval of Buyer.

Operations Prior to the Closing Date. (a) During the period prior to the Closing Date, the Sellers Seller shall cause GNB and each of the Subsidiaries to operate and carry on its operations only in the ordinary course and substantially as operated prior to the date hereof. (b) Notwithstanding Section 7.4(a7.3(a), except as set forth in Schedule 7.3(B) and -------------- --------------- expressly provided for in contemplated by this Agreement, or with the express prior written consent of the Buyer, the Sellers Seller shall not during the Period ending on the Closing Date take and shall not cause GNB or any of the Subsidiaries not to take any of the actions set out in Section 5.6(b5.7(b); provided, provided however, notwithstanding anything to the -------------- contrary herein, Sellers will Seller shall not make, and since 9 May 9, 2000 have has not made made, any capital expenditure in excess of the local currency equivalent of US$250,000 (other than as those permitted by Section 7.3(b) of the Principal US Agreement) without the prior written approval of Buyer.

Operations Prior to the Closing Date. (a) During the period prior to the Closing Date, the Sellers Seller shall cause GNB and each of the Subsidiaries to operate and carry on its operations only in the ordinary course and substantially as operated prior to the date hereof. (b) Notwithstanding Section 7.4(a), except as expressly provided for -------------- in this Agreement, or with the prior written consent of the Buyer, the Sellers Seller shall not during the Period ending on the Closing Date take and shall not cause GNB or any of the Subsidiaries to take any of the actions set out in Section 5.6(b); provided, provided however, notwithstanding anything to the contrary herein, Sellers Seller will not make, and since 9 May 2000 have has not made made, any capital expenditure in excess of the local currency equivalent of US$250,000 (other than as permitted by Section 7.3(b) of the Principal US Agreement) without the prior written approval of Buyer.