Conduct and Preservation of Business. Except as expressly provided in this Agreement, during the period from the date hereof to the Closing, the Company and the Subsidiaries (i) shall each conduct its operations according to its ordinary course of business consistent with past practice and in compliance with all Applicable Laws; (ii) shall each use its reasonable best efforts to preserve, maintain and protect its properties; and (iii) shall each use its reasonable best efforts to preserve intact its business organization, to keep available the services of its officers and employees, and to maintain existing relationships with licensors, licensees, suppliers, contractors, distributors, customers and others having business relationships with it.
Appears in 3 contracts
Samples: Purchase Agreement (Encap Equity 1996 Limited Partnership), Purchase Agreement (Alliance Resources PLC), Purchase Agreement (American Rivers Oil Co /De/)
Conduct and Preservation of Business. Except as expressly provided in contemplated by this Agreement, during the period from the date hereof to the ClosingClosing (if the same are different), the Company and the Subsidiaries (i) shall each conduct its operations according to its ordinary course of business consistent with past practice and in compliance with all Applicable Laws; (ii) shall each use its reasonable best efforts to preserve, maintain maintain, and protect its properties; and (iii) shall each use its reasonable best efforts to preserve intact its business organization, to keep available the services of its officers and employeesofficers, and to maintain existing relationships with licensors, licensees, suppliers, contractors, distributors, customers customers, and others having business relationships with it.
Appears in 1 contract
Conduct and Preservation of Business. Except as expressly provided in this Agreement, during the period from the date hereof to the Closing, the Company and the Subsidiaries Subsidiary (i) shall each conduct its operations according to its ordinary course of business consistent with past practice and in compliance with all Applicable Laws; (ii) shall each use its reasonable best efforts Reasonable Best Efforts to preserve, maintain maintain, and protect its properties; and (iii) shall each use its reasonable best efforts Reasonable Best Efforts to preserve intact its business organization, to keep available the services of its officers and employees, and to maintain existing relationships with licensors, licensees, suppliers, contractors, distributors, customers customers, and others having business relationships with it.
Appears in 1 contract