CONDUCT OF HCCH. HCCH and its Subsidiaries shall in all material respects conduct their business in the ordinary course provided, however, that nothing in this Agreement shall be construed to prohibit or otherwise restrain HCCH in any manner from acquiring other businesses or substantially all of the assets thereof. Without limiting the generality of the foregoing, from the date hereof until the Effective Time, except as contemplated hereby or previously disclosed by HCCH to Holdco in writing: (a) HCCH will not adopt or propose any change in its Certificate of Incorporation or Bylaws; (b) HCCH will not take any action that would result in a failure to maintain the trading of HCCH Common Stock on the NYSE; and (c) HCCH will not, and will not permit any of its Subsidiaries to, agree or commit to do any of the foregoing.
Appears in 1 contract
CONDUCT OF HCCH. HCCH and its Subsidiaries shall in all material respects conduct their business in the ordinary course providedPROVIDED, howeverHOWEVER, that THAT nothing in this Agreement shall be construed to prohibit or otherwise restrain HCCH in any manner from acquiring other businesses or substantially all of the assets thereof. Without limiting the generality of the foregoing, from the date hereof until the Effective Time, except as contemplated hereby or previously disclosed by HCCH to Holdco Shareholder in writing:
(a) HCCH will not adopt or propose any change in its Certificate of Incorporation or Bylaws;
(b) HCCH will not take any action that would result in a failure to maintain the trading of HCCH Common Stock on the NYSE; and
(c) HCCH will not, and will not permit any of its Subsidiaries to, agree or commit to do any of the foregoing.
Appears in 1 contract
Samples: Stock Purchase Agreement (HCC Insurance Holdings Inc/De/)
CONDUCT OF HCCH. HCCH and its Subsidiaries shall in all material respects conduct their business in the ordinary course providedPROVIDED, howeverHOWEVER, that THAT nothing in this Agreement shall be construed to prohibit or otherwise restrain HCCH in any manner from acquiring other businesses or substantially all of the assets thereof. Without limiting the generality of the foregoing, from the date hereof until the Effective TimeClosing, except as contemplated hereby or previously disclosed by HCCH to Holdco Shareholders in writing:
(a) HCCH will not adopt or propose any change in its Certificate of Incorporation or Bylaws;
(b) HCCH will not take any action that would result in a failure to maintain the trading of HCCH Common Stock on the NYSE; and
(c) HCCH will not, and will not permit any of its Subsidiaries to, agree or commit to do any of the foregoing.
Appears in 1 contract
Samples: Acquisition Agreement (HCC Insurance Holdings Inc/De/)
CONDUCT OF HCCH. HCCH and its Subsidiaries shall in all material respects conduct their its business in the ordinary course providedPROVIDED, howeverHOWEVER, that THAT nothing in this Agreement shall be construed to prohibit or otherwise restrain HCCH in any manner from acquiring other businesses or substantially all of the assets thereof. Without limiting the generality of the foregoing, from the date hereof until the Effective Time, except as contemplated hereby or previously disclosed by HCCH to Holdco Xxxxxxx in writing:
(a) HCCH will not adopt or propose any change in its Certificate of Incorporation or Bylaws;
(b) HCCH will not take any action that would result in a failure to maintain the trading of HCCH Common Stock on the NYSE; and
(c) HCCH will not, and will not permit any of its Subsidiaries to, agree or commit to do any of the foregoing.
Appears in 1 contract
CONDUCT OF HCCH. HCCH and its Subsidiaries shall in all material respects conduct their business in the ordinary course providedPROVIDED, howeverHOWEVER, that THAT nothing in this Agreement shall be construed to prohibit or otherwise restrain HCCH in any manner from acquiring other businesses or substantially all of the assets thereof. Without limiting the generality of the foregoing, from the date hereof until the Effective Time, except as contemplated hereby or previously disclosed by HCCH to Holdco Shareholders in writing:
(a) HCCH will not adopt or propose any change in its Certificate of Incorporation or Bylaws;
(b) HCCH will not take any action that would result in a failure to maintain the trading of HCCH Common Stock on the NYSE; and
(c) HCCH will not, and will not permit any of its Subsidiaries to, agree or commit to do any of the foregoing.
Appears in 1 contract
Samples: Stock Purchase Agreement (HCC Insurance Holdings Inc/De/)
CONDUCT OF HCCH. HCCH and its Subsidiaries shall in all material respects conduct their business in the ordinary course provided, however, that nothing in this Agreement shall be construed to prohibit or otherwise restrain HCCH in any manner from acquiring other businesses or substantially all of the assets thereof. Without limiting the generality of the foregoing, from the date hereof until the Effective Time, except as contemplated hereby or previously disclosed by HCCH to Holdco NASRA in writing:
(a) HCCH will not adopt or propose any change in its Certificate of Incorporation or Bylaws;
(b) HCCH will not take any action that would result in a failure to maintain the trading of HCCH Common Stock on the NYSE; and
(c) HCCH will not, and will not permit any of its Subsidiaries to, agree or commit to do any of the foregoing.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (HCC Insurance Holdings Inc/De/)