Conduct of Business in the Ordinary Course Covenant

Description

This AI field captures a covenant of a target (and, if applicable, a purchaser) to operate its business only in the ordinary course between signing of the purchase agreement and closing of the transaction.

Jurisdiction

  • Canada (Alberta, British Columbia, Ontario, and Quebec)
  • United States (Delaware, New York, and Texas)

Document Types

  • 41% M&A Purchase Agt
  • 31% Equity Related Agt
  • 26% M&A Supplemental Agt
  • 2% Other

Tags

  • M&A Deal Points (Private Target)
  • M&A Deal Points (Public Target)

Language

  • 100% English