Common use of TRANSACTIONS PRIOR TO THE CLOSING Clause in Contracts

TRANSACTIONS PRIOR TO THE CLOSING. Seller hereby covenants the following: a. Conduct of Corporation’s Business Until Closing. Except as Purchaser may otherwise consent in writing prior to the Closing Date, Seller will not enter into any transaction, take any action or fail to take any action which would result in, or could reasonably be expected to result in or cause, any of the representations and warranties of Seller contained in this Agreement, to be not true on the Closing Date. The Seller shall retain the right to continue to collect its accounts receivable, and shall be obliged to continue to pay its accounts payable, in the normal course of business, up to and after the Closing Date. Seller shall be responsible for reporting and payment of all taxes due in connection with Seller’s receipts of income owed to Seller prior.