Common use of Conduct and Preservation of Business Clause in Contracts

Conduct and Preservation of Business. Except as expressly provided in this Agreement or as consented to by Buyer in accordance with SECTION 6.2, during the period from the date hereof to the Closing, Seller (i) shall conduct the Business only in the ordinary course consistent with past practice and in compliance with all Applicable Laws, (ii) shall use its Reasonable Best Efforts to preserve, maintain and protect the Assets and (iii) shall use its Reasonable Best Efforts to preserve intact the business organization of the Business, to keep available the services of the employees of the Business and to maintain existing relationships with licensors, licensees, suppliers, contractors, distributors, customers and others having business relationships with the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Brite Voice Systems Inc)

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Conduct and Preservation of Business. Except as expressly provided in this Agreement or as consented to by Buyer in accordance with SECTION 6.2Agreement, during the period from the date hereof to the Closing, Seller (i) shall conduct the Business only in the ordinary course consistent with past practice and in compliance with all Applicable Laws, ; (ii) shall use its Reasonable Best Efforts reasonable best efforts to preserve, maintain maintain, and protect the Assets Assets; and (iii) shall use its Reasonable Best Efforts reasonable best efforts to preserve intact the business organization of the Business, to keep available the services of the employees of the Business Business, and to maintain existing relationships with licensors, licensees, suppliers, contractors, distributors, customers customers, and others having business relationships with the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Crescent Operating Inc)

Conduct and Preservation of Business. Except as expressly provided in this Agreement or as consented to by Buyer in accordance with SECTION 6.2Agreement, during the period from the date hereof to the Closing, Seller Sellers (i) shall conduct the Business only in the ordinary course consistent with past practice and in compliance with this Agreement and all Applicable Laws, ; (ii) shall use its Reasonable Best Efforts their reasonable efforts consistent with past practice to preserve, maintain maintain, and protect the Assets Assets; and (iii) shall use its Reasonable Best Efforts their reasonable efforts consistent with past practice to preserve intact the business organization of the Business, to keep available the services of the employees of conducting the Business Business, and to maintain existing relationships with licensors, licensees, suppliers, contractors, distributors, customers customers, and others having business relationships with the Business.. 5.2

Appears in 1 contract

Samples: S Asset Purchase Agreement (Triangle Pacific Corp)

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Conduct and Preservation of Business. Except as expressly provided in this Agreement or as consented to by Buyer in accordance with SECTION 6.2Agreement, during the period from the date hereof to the Closing, Seller Sellers (i) shall conduct the Business only in the ordinary course consistent with past practice and in compliance with this Agreement and all Applicable Laws, ; (ii) shall use its Reasonable Best Efforts their reasonable efforts consistent with past practice to preserve, maintain maintain, and protect the Assets Assets; and (iii) shall use its Reasonable Best Efforts their reasonable efforts consistent with past practice to preserve intact the business organization of the Business, to keep available the services of the employees of conducting the Business Business, and to maintain existing relationships with licensors, licensees, suppliers, contractors, distributors, customers customers, and others having business relationships with the Business.. 1

Appears in 1 contract

Samples: S Asset Purchase Agreement (Triangle Pacific Corp)

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