Common use of Interim Operations of Parent Clause in Contracts

Interim Operations of Parent. (a) Parent agrees that, during the period from the date of this Agreement through the earlier of the Effective Time or the date of termination of this Agreement, except: (i) to the extent the Company shall otherwise consent in writing (which consent shall not be unreasonably withheld, delayed or conditioned); or (ii) as expressly required by this Agreement, Parent shall and shall cause each Parent Subsidiary to (A) use its reasonable best efforts to conduct their businesses in the ordinary course of business or otherwise to an anticipated advantage, and (B) not:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Ligand Pharmaceuticals Inc), Agreement and Plan of Merger (Ligand Pharmaceuticals Inc)

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Interim Operations of Parent. Except as (ai) Parent agrees thatexpressly provided herein or (ii) consented to in writing by the Company (such consent not to be unreasonably withheld or delayed), during the period from and after the date of this Agreement through until the earlier of (a) the Effective Time or the date of termination of this Agreement, except: (i) to the extent the Company shall otherwise consent Agreement in writing (which consent shall not be unreasonably withheld, delayed or conditioned); accordance with its terms or (iib) as expressly required by this Agreementthe Effective Time, Parent shall not, and shall cause each Parent Merger Subsidiary and Acquisition Subsidiary not to, take any action or fail to (Atake any action that would be reasonably expected to result in any of the closing conditions in Section 7.3(a) use its reasonable best efforts to conduct their businesses in the ordinary course of business or otherwise to an anticipated advantage, and (B) not:not being satisfied.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (E Piphany Inc), Agreement and Plan of Merger (Ssa Global Technologies, Inc)

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