Common use of Conduct of Business Prior to Effective Time Clause in Contracts

Conduct of Business Prior to Effective Time. 5.1 Conduct of the Business of Xoom Pending the Closing. Xoom agrees ---------------------------------------------------- that except with the prior written consent of NBC and except as may be expressly permitted by this Agreement or as set forth on Schedule 5.1, prior to the ------------ Closing, it shall, and shall cause, its Subsidiaries to operate their businesses only in the usual, regular and ordinary manner, on a basis consistent with past practice and, to the extent consistent with such operation, use its reasonable efforts to preserve its present business organization intact, keep available the services of its present employees, preserve its present business relationships (consistent with past practice) and maintain all rights, privileges and franchises in the normal conduct of Xoom's businesses. Without limitation of the foregoing, from the date hereof until the Effective Time, except as expressly permitted by this Agreement or as set forth on Schedule 5.1, Xoom shall not: ------------

Appears in 3 contracts

Samples: Agreement and Plan of Contribution (General Electric Co), Agreement and Plan (Xoom Inc), Agreement and Plan (Xoom Inc)

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Conduct of Business Prior to Effective Time. 5.1 Conduct of the Business of Xoom Pending the Closing. Xoom agrees ---------------------------------------------------- that except with the prior written consent of NBC and except as may be expressly permitted by this Agreement or as set forth on Schedule 5.1, prior to the ------------ Closing, it shall, and shall cause, its Subsidiaries to operate their businesses only in the usual, regular and ordinary manner, on a basis consistent with past practice and, to the extent consistent with such operation, use its reasonable efforts to preserve its present business organization intact, keep available the services of its present employees, preserve its present business relationships (consistent with past practice) and maintain all rights, privileges and franchises in the normal conduct of Xoom's businesses. Without limitation of the foregoing, from the date hereof May 9, 1999 until the Effective Time, except as expressly permitted by this Agreement or as set forth on Schedule 5.1, Xoom shall not: ------------

Appears in 1 contract

Samples: Agreement and Plan (General Electric Co)

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Conduct of Business Prior to Effective Time. 5.1 Conduct of the Business of Xoom Pending the Closing. Xoom agrees ---------------------------------------------------- that except with the prior written consent of NBC and except as may be expressly permitted by this Agreement or as set forth on Schedule 5.1, prior to the ------------ Closing, it shall, and shall cause, its Subsidiaries to operate their businesses only in the usual, regular and ordinary manner, on a basis consistent with past practice and, to the extent consistent with such operation, use its reasonable efforts to preserve its present business organization intact, keep available the services of its present employees, preserve its present business relationships (consistent with past practice) and maintain all rights, privileges and franchises in the normal conduct of Xoom's businesses. Without limitation of the foregoing, from the date hereof May 9, 1999 until the Effective Time, except as expressly permitted by this Agreement or as set forth on Schedule 5.1, Xoom shall not: ------------:

Appears in 1 contract

Samples: Agreement and Plan (General Electric Co)

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