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Common use of Conduct and Preservation of Business Clause in Contracts

Conduct and Preservation of Business. Except as expressly provided in this Agreement, during the period from the date hereof to the Closing, 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 their reasonable efforts consistent with past practice to preserve, maintain, and protect the Assets; and (iii) shall use their reasonable efforts consistent with past practice to preserve intact the business organization of the Business, to keep available the services of the employees conducting the Business, and to maintain existing relationships with suppliers, contractors, distributors, customers, and others having business relationships with the Business. 1

Appears in 1 contract

Samples: Asset Purchase Agreement (Triangle Pacific Corp)

Conduct and Preservation of Business. Except as expressly provided in this Agreement, during the period from the date hereof to the Closing, 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 their reasonable efforts consistent with past practice to preserve, maintain, and protect the Assets; and (iii) shall use their reasonable efforts consistent with past practice to preserve intact the business organization of the Business, to keep available the services of the employees conducting the Business, and to maintain existing relationships with suppliers, contractors, distributors, customers, and others having business relationships with the Business. 1.

Appears in 1 contract

Samples: Asset Purchase Agreement (Triangle Pacific Corp)

Conduct and Preservation of Business. Except as expressly provided in this Agreement, during the period from the date hereof to the Closing, Sellers Seller (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 their its reasonable best efforts consistent with past practice to preserve, maintain, and protect the Assets; and (iii) shall use their its reasonable best efforts consistent with past practice to preserve intact the business organization of the Business, to keep available the services of the employees conducting of the Business, and to maintain existing relationships with licensors, licensees, suppliers, contractors, distributors, customers, and others having business relationships with the Business. 1.

Appears in 1 contract

Samples: Asset Purchase Agreement (Crescent Operating Inc)

Conduct and Preservation of Business. Except as expressly provided in this AgreementAgreement or as consented to by Buyer in accordance with SECTION 6.2, during the period from the date hereof to the Closing, Sellers Seller (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 their reasonable efforts consistent with past practice its Reasonable Best Efforts to preserve, maintain, maintain and protect the Assets; Assets and (iii) shall use their reasonable efforts consistent with past practice its Reasonable Best Efforts to preserve intact the business organization of the Business, to keep available the services of the employees conducting 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. 1.

Appears in 1 contract

Samples: Asset Purchase Agreement (Brite Voice Systems Inc)