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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