Common use of Conduct of Business Pending the Mergers Clause in Contracts

Conduct of Business Pending the Mergers. Each of Pioneer, Pioneer USA and the Partnerships covenants and agrees that, between the date of this Merger Agreement and the Closing Date, unless the other parties shall otherwise agree in writing or as otherwise contemplated in this Merger Agreement, they shall conduct their respective businesses only in the ordinary course of business and in a manner consistent with past practice, and they shall not take any action except for actions consistent with such practice. Each of Pioneer, Pioneer USA and the Partnerships shall use their respective reasonable best efforts to preserve intact the business organization of Pioneer, Pioneer USA and the Partnerships, to keep available the services of the present officers, employees and consultants of Pioneer, Pioneer USA and the Partnerships, and to preserve their relationships with customers, suppliers and other persons with which they have significant business dealings.