M&A Boot Camp booklet 2023 - Flipbook - Page 65
Pre-Closing Covenants of Target
Sample pre-closing covenant of the target – excerpt from the target’s
operational covenants:
“During the Pre-Closing Period, Target shall conduct its business in the
ordinary course and in accordance with its past practices, and shall
use commercially reasonable efforts to preserve intact its current
business organization and keep available the services of its key officers
and other key employees….”
Hogan Lovells US LLP
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