Common use of Ordinary Course; Compliance Clause in Contracts

Ordinary Course; Compliance. The Business shall be conducted only in the ordinary course and consistent with past practice. Each of the Sellers shall professionally maintain their respective Purchased Assets and Assumed Liabilities in good condition and shall comply in a timely fashion with the provisions of all Contracts and Permits and its other agreements and commitments. Each of the Sellers shall preserve its Business organization intact, keep available the services of its present employees and preserve the goodwill of its suppliers, customers and others having business relations with it. Each of the Sellers shall maintain in full force and effect their policies of insurance, subject only to variations required by the ordinary operations of the Business, or else shall obtain, prior to the lapse of any such policy, substantially similar coverage with insurers of recognized standing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Clearview Cinema Group Inc)

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Ordinary Course; Compliance. The Business shall be conducted only in the ordinary course and consistent with past practice. Each of the Sellers shall professionally maintain their respective the Purchased Assets and Assumed Liabilities in good condition and shall cause Lessors to maintain the Real Estate consistent with past practice. Sellers shall comply in a timely fashion with the provisions of all Contracts and Permits and its their other agreements and commitments. Each of the Sellers shall preserve its use good faith, commercially reasonable efforts to keep the Business organization intact, keep available the services of its their present employees and preserve the goodwill of its their suppliers, customers patrons and others having business relations with itthem. Each of the Sellers shall maintain in full force and effect their policies of insurance, subject only to variations required by the ordinary operations of the Business, or else shall obtain, prior to the lapse of any such policy, substantially similar coverage with insurers of recognized standing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Digital Cinema Destinations Corp.)

Ordinary Course; Compliance. The Business shall be conducted only in the ordinary course and consistent with past practice. Each of Seller shall maintain the Sellers shall professionally maintain their respective Purchased Assets Assets, the Real Estate and Assumed Liabilities in good condition consistent with past practice and shall comply in a timely fashion with the provisions of all Contracts and Permits and its other agreements and commitments. Each of Seller shall use its best efforts to keep the Sellers shall preserve its Business organization intact, keep available the services of its present employees and preserve the goodwill of its suppliers, customers patrons and others having business relations with it. Each of the Sellers Seller shall maintain in full force and effect their its policies of insurance, subject only to variations required by the ordinary operations of the Business, or else shall obtain, prior to the lapse of any such policy, substantially similar coverage with insurers of recognized standing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Clearview Cinema Group Inc)

Ordinary Course; Compliance. The Business shall be conducted only in the ordinary course and consistent with past practice. Each of the Sellers shall professionally maintain their respective Purchased Assets and Assumed Liabilities in good condition the Business consistent with past practice and shall comply in a timely fashion with the provisions of all Contracts and Permits and its other agreements and commitments. Each of the Sellers shall preserve use his or its best efforts to keep the Business organization intact, keep available the services of its the Company's present employees and preserve the goodwill of its suppliers, customers and others having business relations with it. Each of the Sellers shall maintain in full force and effect their any policies of insuranceinsurance insuring the Business or the Purchased Assets, subject only to variations required by the ordinary operations of the Business, or else shall obtain, prior to the lapse of any such policy, substantially similar coverage with insurers of recognized standing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Eresource Capital Group Inc)

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Ordinary Course; Compliance. The Business shall be conducted only in the ordinary course and consistent with past practice. Each of the Sellers shall professionally maintain their respective the Purchased Assets and Assumed Liabilities in good condition consistent with past practice and shall comply in a timely fashion with the provisions of all Contracts and Permits and its other agreements and commitments. Each of the Sellers shall preserve its use their best efforts to keep the Business organization intact, keep available the services of its their present employees and preserve the goodwill of its suppliers, customers and others having business relations with it. Each of the Sellers shall maintain in full force and effect their policies of insurance, subject only to variations required by the ordinary operations of the Business, or else shall obtain, prior to the lapse of any such policy, substantially similar coverage with insurers of recognized standing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mobley Environmental Services Inc)

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