Business Development. As soon as practicable after the Closing, the Company shall use commercially reasonable efforts to: (a) create and implement an annual budget, approved by the Board, (b) hire additional personnel where necessary; and (c) obtain appropriate product liability insurance to cover all risks associated with the Company's business that are customarily insured against in the industry in such amounts as are customary in the industry.
Appears in 4 contracts
Samples: Securities Purchase Agreement (Auto Data Network), Securities Purchase Agreement (Auto Data Network), Securities Purchase Agreement (Auto Data Network)
Business Development. As soon as practicable after the Final Closing, the Company shall use commercially reasonable efforts to: (a) create and implement an annual budget, approved by the Board, (b) hire additional personnel where necessary; and (c) obtain appropriate product liability insurance to cover all risks associated with the Company's business that are customarily insured against in the industry in such amounts as are customary in the industry.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Bioenvision Inc), Securities Purchase Agreement (Soros George)
