Common use of Conduct of Telecom Clause in Contracts

Conduct of Telecom. System Prior to the Closing. From the date hereof until the Closing, except as otherwise provided in this Agreement or consented to in writing by Buyer (which consent shall not be unreasonably withheld or delayed), the City shall (a) conduct the Telecom System in the ordinary course of business and consistent with Prudent Utility Practice; (b) use commercially reasonable efforts to maintain and preserve intact its current Telecom System organization, operations and franchise and to preserve the rights, franchises, goodwill and relationships of its Employees, customers, suppliers, regulators and others having relationships with the Telecom System; and (c) continue in the normal course of business to work toward accomplishing the projects in the fiscal year 2018 and fiscal year 2019 capital budgets, which are identified in Section 7.01 of the Disclosure Schedules. From the date hereof until the Closing Date, except as consented to in writing by Buyer (which consent shall not be unreasonably withheld or delayed), the City shall not take, or allow to be taken, any action that would cause any of the changes, events or conditions described in Section 6.10 to occur.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement

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Conduct of Telecom. System Prior to the Closing. From the date hereof until the Closing, except as otherwise provided in this Agreement or consented to in writing by Buyer (which consent shall not be unreasonably withheld or delayed), the City shall (a) conduct the Telecom System in the ordinary course of business and consistent with Prudent Utility Practice; (b) use commercially reasonable efforts to maintain and preserve intact its current Telecom System organization, operations and franchise and to preserve the rights, franchises, goodwill and relationships of its Employees, customers, suppliers, regulators and others having relationships with the Telecom System; and (c) continue in the normal course of business to work toward accomplishing the projects in the fiscal year 2018 and fiscal year 2019 capital budgets, which are identified in Section 7.01 of the Disclosure Schedules. From the date hereof until the Closing Date, except as consented to in writing by Buyer Xxxxx (which consent shall not be unreasonably withheld or delayed), the City shall not take, or allow to be taken, any action that would cause any of the changes, events or conditions described in Section 6.10 to occur.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement

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