Common use of Conduct of Business of Purchaser Clause in Contracts

Conduct of Business of Purchaser. (a) Unless the Company shall otherwise consent in writing (such consent not to be unreasonably withheld, conditioned or delayed), during the Interim Period, except as expressly contemplated by this Agreement or as set forth on Schedule 5.3, Purchaser shall, and shall cause its Subsidiaries to, (i) conduct their respective businesses, in all material respects, in the ordinary course of business consistent with past practice, (ii) comply with all Laws applicable to Purchaser and its Subsidiaries and their respective businesses, assets and employees, and (iii) take all commercially reasonable measures necessary or appropriate to preserve intact, in all material respects, their respective business organizations, to keep available the services of their respective managers, directors, officers, employees and consultants, and to preserve the possession, control and condition of their respective material assets, all as consistent with past practice. Notwithstanding anything to the contrary in this Section 5.3, nothing in this Agreement shall prohibit or restrict Purchaser from extending the deadline by which it much complete its Business Combination (an “Extension”) and incurring costs and expenses in connection therewith, subject to obtaining the approval of its stockholders to amend the Purchaser Charter in connection with such Extension and any other matters required to be approved by Purchaser’s stockholders in connection therewith and redeeming any of its stockholders who request to be redeemed in connection with the Extension, and no consent of any other Party shall be required in connection therewith.

Appears in 1 contract

Samples: Agreement and Plan of Merger (MTech Acquisition Corp)

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Conduct of Business of Purchaser. (a) Unless the Company shall otherwise consent in writing (such consent not to be unreasonably withheld, conditioned or delayed), during the Interim Period, except as expressly contemplated by this Agreement or as set forth on Schedule 5.3, Purchaser shall, and shall cause its Subsidiaries to, (i) conduct their respective businesses, in all material respects, in the ordinary course of business consistent with past practice, (ii) comply with all Laws applicable to Purchaser and its Subsidiaries and their respective businesses, assets and employees, and (iii) take all commercially reasonable measures necessary or appropriate to preserve intact, in all material respects, their respective business organizations, to keep available the services of their respective managers, directors, officers, employees and consultants, and to preserve the possession, control and condition of their respective material assets, all as consistent with past practice. Notwithstanding anything to the contrary in this Section 5.3, nothing in this Agreement shall prohibit or restrict Purchaser from extending the deadline by which it much must complete its Business Combination pursuant to the Purchaser Organizational Documents (an “Extension”) and incurring costs and expenses in connection therewith, subject to obtaining the approval of its stockholders shareholders to amend the Purchaser Charter Organizational Documents in connection with such Extension (to the extent required) and any other matters required to be approved by Purchaser’s stockholders shareholders in connection therewith and redeeming any of its stockholders shareholders who request to be redeemed in connection with the ExtensionExtension pursuant to the Purchaser Organizational Documents, and no consent of any other Party shall be required in connection therewith.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Integrated Wellness Acquisition Corp)

Conduct of Business of Purchaser. (a) Unless the Company and Pubco shall otherwise consent in writing (such consent not to be unreasonably withheld, conditioned or delayed), during the Interim Period, except as expressly contemplated by this Agreement or any Ancillary Document or as set forth on Schedule 5.38.3, or as required by applicable Law, Purchaser shall, and shall cause its Subsidiaries to, (i) conduct their respective businesses, in all material respects, in the ordinary course of business consistent with past practice, (ii) comply with all Laws applicable to Purchaser and its Subsidiaries and their respective businesses, assets and employees, and (iii) take all use commercially reasonable measures necessary or appropriate efforts to preserve intact, in all material respects, their respective business organizations, to keep available the services of their respective managers, directors, officers, employees and consultants, and to preserve the possession, control and condition of their respective material assets, all as consistent with past practice; provided, that no action by Purchaser with respect to matters specifically prohibited or restricted by any provision of Section 8.3(b) shall be deemed a breach of this sentence unless such action would constitute a breach of such relevant provision of Section 8.3(b). Notwithstanding anything to the contrary in this Section 5.38.3, nothing in this Agreement shall prohibit or restrict the Purchaser from extending one or more times, in accordance with the Purchaser Charter and IPO Prospectus, or by amendment to the Purchaser Charter, the deadline by which it much complete its Business Combination (each, an “Extension”) and incurring costs and expenses in connection therewith, subject to obtaining the approval of its stockholders to amend the Purchaser Charter in connection with such Extension and any other matters required to be approved by Purchaser’s stockholders in connection therewith and redeeming any of its stockholders who request to be redeemed in connection with the Extension), and no consent of any other Party shall be required in connection therewith.. Table of Contents

Appears in 1 contract

Samples: Business Combination Agreement (Proficient Alpha Acquisition Corp)

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Conduct of Business of Purchaser. (a) Unless the Company and the Company Representative shall otherwise consent in writing (such consent not to be unreasonably withheld, conditioned or delayed), during the Interim Period, except as expressly contemplated by this Agreement or any Ancillary Document or as set forth on Schedule 5.3‎7.3, or as required by applicable Law, Purchaser shall, and shall cause its Subsidiaries to, (i) conduct their respective its businesses, in all material respects, in the ordinary course of business consistent with past practice, (ii) comply with all Laws applicable to Purchaser and its Subsidiaries and their respective businesses, assets and employees, and (iii) take all commercially reasonable measures necessary or appropriate to preserve intact, in all material respects, their its respective business organizations, to keep available the services of their its respective managers, directors, officers, employees and consultants, and to preserve the possession, control and condition of their its respective material assets, all as consistent with past practice. Notwithstanding anything to the contrary in this Section 5.37.3, nothing in this Agreement shall prohibit or restrict Purchaser from extending extending, in accordance with Purchaser’s Organizational Documents and the IPO Prospectus, the deadline by which it much must complete its Business Combination (an “Extension”) and incurring costs and expenses ), including securing the release of all or a portion of the Escrow Amount pursuant to the Extension Escrow Agreement for deposit into the Trust Account in connection therewith, subject order to obtaining the approval of its stockholders to amend the Purchaser Charter in connection with secure such Extension and any other matters required to be approved by Purchaser’s stockholders in connection therewith and redeeming any of its stockholders who request to be redeemed in connection with the Extension, extension and no consent of any other Party shall be required in connection therewith.

Appears in 1 contract

Samples: Implementation and Business Combination Agreement (Canna-Global Acquisition Corp)

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