Common use of Conduct of Business by Target Clause in Contracts

Conduct of Business by Target. Pending the Merger. From the date hereof until the Effective Time, except as Parent otherwise agrees in writing, as set forth in the Target Disclosure Letter, or as otherwise contemplated by this Agreement, Target shall conduct its business in the ordinary course consistent with past practice and shall use all commercially reasonable efforts to preserve intact its business organizations and relationships with third parties and to keep available the services of its present officers and key employees, subject to the terms of this Agreement. Except as otherwise provided in this Agreement, and without limiting the generality of the foregoing, from the date hereof until the Effective Time, without Parent’s written consent (which consent shall not be unreasonably withheld):

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Plains Exploration & Production Co), Agreement and Plan of Merger (Stone Energy Corp), Agreement and Plan of Merger (Stone Energy Corp)

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Conduct of Business by Target. Pending the Merger. From the date hereof until the Effective Time, except as Parent otherwise agrees in writingwriting (which consent shall not be unreasonably withheld), as set forth in the Target Disclosure LetterSchedule, or as otherwise contemplated by this Agreement, Target and its Subsidiaries shall conduct its their business in the ordinary course consistent with past practice and shall use all commercially reasonable efforts to preserve intact its their business organizations and relationships with third parties and to keep available the services of its their present officers and key employees, subject to the terms of this Agreement. Except as otherwise provided in this Agreement, and without limiting the generality of the foregoing, from the date hereof until the Effective Time, without Parent’s the prior written consent of Parent (which consent shall not be unreasonably withheld):

Appears in 1 contract

Samples: Agreement and Plan of Merger (Medstone International Inc/)

Conduct of Business by Target. Pending the Merger. From the date hereof until the Effective Time, except as Parent otherwise agrees in writing, as set forth in the Target Disclosure LetterSchedule, or as otherwise contemplated by this Agreement, Target shall conduct its business in the ordinary course consistent with past practice and shall use all commercially reasonable efforts to preserve intact its business organizations and relationships with third parties and to keep available the services of its present officers and key employees, subject to the terms of this Agreement. Except as otherwise provided in this Agreement, and without limiting the generality of the foregoing, from the date hereof until the Effective Time, without Parent’s written consent (which consent shall not be unreasonably withheld):

Appears in 1 contract

Samples: Agreement and Plan of Merger (Plains Exploration & Production Co)

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Conduct of Business by Target. Pending the Merger. From the date hereof until the Effective Time, except as Parent otherwise agrees in writing, as set forth in Section 6.1 of the Target Disclosure LetterSchedule, or as otherwise contemplated by this Agreement, Target shall conduct its business in the ordinary course consistent with past practice and shall use all commercially reasonable efforts to preserve intact its business organizations and relationships with third parties and to keep available the services of its present officers and key employees, subject to the terms of this Agreement. Except as otherwise provided in this Agreement, and without limiting the generality of the foregoing, from the date hereof until the Effective Time, without Parent’s prior written consent (which consent shall not be unreasonably withheld, delayed or conditioned):

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cano Petroleum, Inc)

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