Common use of Operation and Preservation of Business Clause in Contracts

Operation and Preservation of Business. The Seller will not, and the Shareholders will not cause or permit the Seller to, engage in any practice, take any action or enter into any transaction outside its ordinary course of business; provided, however, that in no event will any action be taken or fail to be taken or any transaction be entered into which would result in a breach of any representation, warranty or covenant of the Seller or any Shareholder. The Seller will, and the Shareholders will cause the Seller to, keep its business and properties, including its current operations, physical facilities, working conditions, and relationships with customers, suppliers, lessors, licensors and employees, intact and, in connection therewith, to continue to purchase new or used equipment necessary to maintain its rental/lease inventory at the level specified in Section 3.1(e)(x).

Appears in 1 contract

Samples: Purchase Agreement (Rentx Industries Inc)

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Operation and Preservation of Business. The Seller and the Corporation will not, and the Shareholders will not cause or permit the Seller or the Corporation to, engage in any practice, take any action or enter into any transaction outside its ordinary course of business; provided, however, that in no event will any action be taken or fail to be taken or any transaction be entered into which would result in a breach of any representation, warranty or covenant of the Seller Seller, the Corporation or any Shareholder. The Seller and the Corporation will, and the Shareholders will cause the Seller Corporation to, keep its business and properties, including its current operations, physical facilities, working conditions, and relationships with customers, suppliers, lessors, licensors and employees, intact and, in connection therewith, to continue to purchase new or used equipment necessary to maintain its rental/lease inventory at the level specified in Section 3.1(e)(x).

Appears in 1 contract

Samples: Purchase Agreement (Rentx Industries Inc)

Operation and Preservation of Business. The No Seller will notwill, and the Shareholders Shareholder will not cause or permit the any Seller to, engage in any practice, take any action or enter into any transaction outside its ordinary course of business; provided, however, that in no event will any action be taken or fail to be taken or any transaction be entered into which would result in a breach of any representation, warranty or covenant of the any Seller or any the Shareholder. The Seller Sellers will, and the Shareholders Shareholder will cause the Seller Sellers to, keep its their business and properties, including its their current operations, physical facilities, working conditions, and relationships with customers, suppliers, lessors, licensors and employees, intact and, in connection therewith, to continue to purchase new or used equipment necessary to maintain its rental/lease inventory at the level specified in Section 3.1(e)(x).

Appears in 1 contract

Samples: Asset Purchase Agreement (Rentx Industries Inc)

Operation and Preservation of Business. The Seller will not, and the Shareholders will not cause or permit the Seller to, engage in any practice, take any action or enter into any transaction outside its ordinary course of business; provided, however, that in no event will any action be taken or fail to be taken or any transaction be entered into which would result in a breach of any representation, warranty or covenant of the Seller or any Shareholder. The Seller will, and the Shareholders will cause the Seller to, keep its business and properties, including its current operations, physical facilities, working conditions, and relationships with customers, suppliers, lessors, licensors and employees, intact and, in connection therewith, to continue to purchase new or used equipment necessary to maintain its rental/lease inventory at the level specified in Section 3.1(e)(x).,

Appears in 1 contract

Samples: Purchase Agreement (Rentx Industries Inc)

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Operation and Preservation of Business. The Seller will not, and the Shareholders will not cause or permit the Seller to, engage in any practice, take any action or enter into any transaction outside its ordinary course of business; provided, however, that in no event will any action be taken or fail to be taken or any transaction be entered into which would result in a breach of any representation, warranty or covenant of the Seller or any Shareholder. The Seller will, and the Shareholders will cause the Seller to, keep its business and properties, including its current operations, physical facilities, working conditions, and relationships with customers, suppliers, lessors, licensors and employees, intact and, in connection therewith, to continue to purchase new or used equipment necessary to maintain its rental/lease inventory at the level specified in Section 3.1(e)(x).

Appears in 1 contract

Samples: Asset Purchase Agreement (Rentx Industries Inc)

Operation and Preservation of Business. The Seller will not, and the Shareholders will not cause or permit the Seller to, engage in any practice, take any action or enter into any transaction outside its ordinary course of business; provided, however, that in no event will any action be taken or fail to be taken or any transaction be entered into which would result in a breach of any representation, warranty or covenant of the Seller or any Shareholder. The Seller will, and the Shareholders will cause the Seller to, keep its business and properties, including its current operations, physical facilities, working conditions, and relationships with customers, suppliers, lessors, licensors and employees, intact and, in connection therewith, to continue to purchase new or used equipment necessary to maintain its rental/lease inventory at the level specified in Section 3.1(e)(x).

Appears in 1 contract

Samples: Asset Purchase Agreement (Rentx Industries Inc)

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