Common use of Conduct of Business by Phone Clause in Contracts

Conduct of Business by Phone. Except as set forth in Section 4.1(a) of the Phone Disclosure Schedule, as otherwise expressly contemplated by this Agreement or as consented to by Xxxxxxxx.xxx in writing, such consent not to be unreasonably withheld or delayed, during the period from the date of this Agreement to the Effective Time, Phone shall, and shall cause its subsidiaries to, carry on their respective businesses in the ordinary course consistent with past practice and in compliance in all material respects with all applicable laws and regulations and, to the extent consistent therewith, use reasonable efforts to preserve intact their current business organizations, use reasonable efforts to keep available the services of their current officers and other key employees and preserve their relationships with those persons having business dealings with them to the end that their goodwill and ongoing businesses shall be unimpaired at the Effective Time. Without limiting the generality of the foregoing (but subject to the above exceptions), during the period from the date of this Agreement to the Effective Time, Phone shall not, and shall not permit any of its subsidiaries to:

Appears in 4 contracts

Samples: Stock Option Agreement (Phone Com Inc), Stock Option Agreement (Software Com Inc), Stock Option Agreement (Phone Com Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!