Common use of Conduct of Company Business Pending the Merger Clause in Contracts

Conduct of Company Business Pending the Merger. (a) The Company agrees that, except (i) as set forth on Schedule 6.1(a) of the Company Disclosure Letter, (ii) as permitted or required by this Agreement, (iii) as may be required by applicable Law or (iv) as otherwise consented to by Parent in writing (which consent shall not be unreasonably withheld, delayed or conditioned), until the earlier of the Effective Time and the termination of this Agreement pursuant to Article VIII, (A) the Company shall, and shall cause each of its Subsidiaries to, use commercially reasonable efforts to (1) conduct its businesses in all material respects in the ordinary course consistent with past practice and (2) preserve substantially intact its present business organization and preserve its existing relationships with its key business relationships, vendors and counterparties and (B) the Company shall maintain its status as a REIT; provided, however, that no action by the Company or its Subsidiaries with respect to the matters specifically addressed by any provision of Section 6.1(b) shall be deemed a breach of this sentence unless such action would constitute a breach of such other provision of Section 6.1(b).

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Anworth Mortgage Asset Corp), Agreement and Plan of Merger (Ready Capital Corp), Agreement and Plan of Merger (Ready Capital Corp)

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Conduct of Company Business Pending the Merger. (a) The Company agrees that, except as (i) as set forth on Schedule in Section 6.1(a) of the Company Disclosure Letter, (ii) as permitted or required by this Agreement, (iii) as may be required by applicable Law or (iv) as otherwise consented to by Parent in writing (which consent shall not be unreasonably withheld, delayed or conditioned), until the earlier of the Effective Time and the termination of this Agreement pursuant to Article VIII, (A) the Company shall, and shall cause each of its Subsidiaries and, subject to Section 9.4(f), the MSR Entities (solely with respect to the MSR Investments) to, use commercially reasonable efforts to (1) conduct its businesses (I) in the ordinary course of business in all material respects and (II) in the ordinary course consistent compliance in all material respects with past practice applicable Laws and (2) preserve substantially intact its present business organization and preserve its existing relationships with its key business relationships, vendors vendors, counterparties and counterparties employees, and (B) the Company shall maintain its status as a REIT; provided, however, that no action by the Company or Company, its Subsidiaries or any of the MSR Entities with respect to the matters specifically addressed by any provision of Section 6.1(b) shall be deemed a breach of this sentence unless such action would constitute a breach of such other provision of Section 6.1(b).

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Ellington Financial Inc.), Agreement and Plan of Merger (Arlington Asset Investment Corp.), Agreement and Plan of Merger (Ellington Financial Inc.)

Conduct of Company Business Pending the Merger. (a) The Company agrees that, except Except as (i) as set forth on Schedule in Section 6.1(a) of the Company Disclosure Letter, (ii) as permitted or required by this Agreement, (iii) as may be required by applicable Law Law, or (iv) as otherwise consented to by Parent in writing (which consent shall not be unreasonably withheld, delayed or conditioned), the Company covenants and agrees that, until the earlier of the Effective Time and the termination of this Agreement pursuant to Article VIII, (A) the Company shall, and shall cause each of its Subsidiaries to, use commercially reasonable efforts to (1) conduct its businesses in all material respects in the ordinary course consistent with past practice of business and (2) preserve substantially intact its present business organization and preserve its existing relationships with its key business relationships, vendors and counterparties relationships and (B) the Company shall maintain its status as a REIT; provided, however, that no action by the Company or its Subsidiaries with respect to the matters specifically addressed by any provision of Section 6.1(b) shall be deemed a breach of this sentence unless such action would constitute a breach of such other provision of Section 6.1(b).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Ready Capital Corp), Agreement and Plan of Merger (Broadmark Realty Capital Inc.)

Conduct of Company Business Pending the Merger. (a) The Company agrees that, except (i) Except as set forth on Schedule 6.1(a) of the Company Disclosure Letter, (ii) as expressly permitted or required by this Agreement, (iii) as may be required by applicable Law or (iv) as otherwise consented to by Parent in writing (which consent shall not be unreasonably withheld, delayed or conditioned), the Company covenants and agrees that, until the earlier of the Effective Time and the termination of this Agreement pursuant to Article VIII, (A) the Company it shall, and shall cause each of its Subsidiaries to, use commercially reasonable best efforts to (1) conduct its businesses in all material respects in the ordinary course consistent with past practice and (2) course, including by using reasonable best efforts to preserve substantially intact its present business organization organization, goodwill and assets, to keep available the services of its current officers and employees and preserve its existing relationships with Governmental Entities and its key significant customers, suppliers, licensors, licensees, distributors, lessors and others having significant business relationships, vendors and counterparties and (B) the Company shall maintain its status as a REITdealings with it; provided, however, that no action or inaction by the Company or its Subsidiaries with respect to the matters specifically addressed by any provision of Section 6.1(b) shall be deemed a breach of this sentence unless such action would constitute a breach of such other provision of Section 6.1(b).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Jagged Peak Energy Inc.), Agreement and Plan of Merger (Parsley Energy, Inc.)

Conduct of Company Business Pending the Merger. (a) The Company agrees that, except (i) as set forth on Schedule in Section 6.1(a) of the Company Disclosure Letter, (ii) for any transaction, contract or other business arrangement entered into or agreed by any Person set forth on Section 4.1(c) of the Company Disclosure Letter, including but not limited to any issuance of securities by such Person or any sale or acquisition of any assets by such Person, (iii) as permitted or required by this Agreement, (iii) as may be required by applicable Law or (iv) as otherwise consented to by Parent in writing (which consent shall not be unreasonably withheld, delayed or conditioned), until the earlier of the Effective Time and the termination of this Agreement pursuant to Article VIII, (A) the Company shall, and shall cause each of its Subsidiaries to, use commercially reasonable efforts to (1) conduct its businesses (I) in the ordinary course of business in all material respects and (II) in the ordinary course consistent compliance in all material respects with past practice applicable Laws and (2) preserve substantially intact its present business organization and preserve its existing relationships with its key business relationships, vendors and vendors, counterparties and (B) the Company shall maintain its status as a REITemployees; provided, however, that no action by the Company or its Subsidiaries with respect to the matters specifically addressed by any provision of Section 6.1(b) shall be deemed a breach of this sentence unless such action would constitute a breach of such other provision of Section 6.1(b).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Evofem Biosciences, Inc.), Agreement and Plan of Merger (Aditxt, Inc.)

Conduct of Company Business Pending the Merger. (a) The Company agrees that, that except as (i) as set forth on Schedule 6.1(a) of the Company Disclosure Letter, (ii) as permitted or required by this Agreement, (iii) as may be required by applicable Law or (iv) as otherwise consented to by Parent in writing (which consent shall not be unreasonably withheld, delayed or conditioned), the Company covenants and agrees that, until the earlier of the Effective Time and the termination of this Agreement pursuant to Article VIII, (A) the Company shall, and shall cause each of its Subsidiaries to, use commercially reasonable efforts to (1) conduct its businesses in all material respects in the ordinary course consistent with past practice and (2) preserve substantially intact its present business organization and preserve its existing relationships with its key business relationships, vendors and counterparties and (B) the Company shall maintain its status as a REIT; provided, however, that no action by the Company or its Subsidiaries with respect to the matters specifically addressed by any provision of Section 6.1(b) shall be deemed a breach of this sentence unless such action would constitute a breach of such other provision of Section 6.1(b).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (CYS Investments, Inc.), Iii Agreement and Plan of Merger (Two Harbors Investment Corp.)

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Conduct of Company Business Pending the Merger. (a) The Company agrees that, except (i) as set forth on Schedule in Section 6.1(a) of the Company Disclosure Letter, (ii) as permitted or required by this Agreement, (iii) as may be required by applicable Law or (iv) as otherwise consented to by Parent in writing (which consent shall not be unreasonably withheld, delayed or conditioned), until the earlier of the Effective Time and the termination of this Agreement pursuant to Article VIII, (A) the Company shall, and shall cause each of its Subsidiaries to, use commercially reasonable efforts to (1) conduct its businesses (I) in the ordinary course of business in all material respects and (II) in the ordinary course consistent compliance in all material respects with past practice applicable Laws and (2) preserve substantially intact its present business organization and preserve its existing relationships with its key business relationships, vendors vendors, counterparties and counterparties employees and (B) the Company shall maintain its status as a REITREIT (without reliance on any “savings” clauses); provided, however, that no action by the Company or its Subsidiaries with respect to the matters specifically addressed by any provision of Section 6.1(b) shall be deemed a breach of this sentence unless such action would constitute a breach of such other provision of Section 6.1(b).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Ellington Financial Inc.), Agreement and Plan of Merger (Great Ajax Corp.)

Conduct of Company Business Pending the Merger. (a) The Company agrees that, except (i) as set forth on Schedule 6.1(a7.1(a) of the Company Disclosure Letter, (ii) as permitted or required by this Agreement, (iii) as may be required by applicable Law or (iv) as otherwise consented to by Parent in writing (which consent shall not be unreasonably withheld, delayed or conditionedconditioned with respect to clause (A)), until the earlier of the Effective Time and the termination of this Agreement pursuant to Article VIIIIX, (A) the Company shall, and shall cause each of its Subsidiaries to, use commercially reasonable efforts to (1) conduct its businesses in all material respects in the ordinary course consistent with past practice and (2) preserve substantially intact in all material respects its present business organization and preserve its existing relationships with its key business relationships, vendors and counterparties counterparties, (B) the Company shall, and shall cause each of its Subsidiaries to, use commercially reasonable efforts to conduct its business in compliance in all material respects with applicable Laws and (BC) the Company shall maintain its status as a REITREIT (until immediately prior to the Merger and without regard to the effects of the transactions contemplated by this Agreement); provided, however, that no action by the Company or its Subsidiaries with respect to the matters specifically addressed by any provision of Section 6.1(b7.1(b) shall be deemed a breach of this sentence unless such action would constitute a breach of such other provision of Section 6.1(b7.1(b).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Capstead Mortgage Corp)

Conduct of Company Business Pending the Merger. (a) The Company agrees that, except (i) as set forth on Schedule 6.1(a7.1a) of the Company Disclosure Letter, (ii) as permitted or required by this Agreement, (iii) as may be required by applicable Law or (iv) as otherwise consented to by Parent in writing (which consent shall not be unreasonably withheld, delayed or conditionedconditioned with respect to clause (A)), until the earlier of the Effective Time and the termination of this Agreement pursuant to Article VIIIIX, (A) the Company shall, and shall cause each of its Subsidiaries to, use commercially reasonable efforts to (1) conduct its businesses in all material respects in the ordinary course consistent with past practice and (2) preserve substantially intact in all material respects its present business organization and preserve its existing relationships with its key business relationships, vendors and counterparties counterparties, (B) the Company shall, and shall cause each of its Subsidiaries to, use commercially reasonable efforts to conduct its business in compliance in all material respects with applicable Laws and (BC) the Company shall maintain its status as a REITREIT (until immediately prior to the Merger and without regard to the effects of the transactions contemplated by this Agreement); provided, however, that no action by the Company or its Subsidiaries with respect to the matters specifically addressed by any provision of Section 6.1(b7.1(b) shall be deemed a breach of this sentence unless such action would constitute a breach of such other provision of Section 6.1(b7.1(b).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Benefit Street Partners Realty Trust, Inc.)

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