Common use of Preservation of Business Prior to Closing Date Clause in Contracts

Preservation of Business Prior to Closing Date. During the period beginning on the date hereof and ending on the Closing Date, (a) Seller will use its best efforts to preserve the Business and to preserve the goodwill of customers, suppliers and others having business relations with Seller (with respect to the Business) and Company and (b) Seller and Buyer will consult with each other concerning, and Seller will cooperate with Buyer and use Seller's best efforts to keep available to Buyer the services of the officers and employees of Seller (with respect to the Business) and Company that Buyer may wish to have Company retain. Nothing in this Section 4.6 shall obligate Buyer or Company after the Closing to retain or offer employment to any officer or employee of Company.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Watkins Johnson Co), Stock Purchase Agreement (General Inspection Laboratories Inc)

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Preservation of Business Prior to Closing Date. During the ---------------------------------------------- period beginning on the date hereof and ending on the Closing Date, (a) Seller will use its best commercially reasonable efforts to preserve the Business and to preserve the goodwill of customers, suppliers and others having business relations with Seller (with respect to the Business) and Company Company, ConsumerInfo or the Business and (b) Seller and Buyer will consult with each other concerning, and Seller will cooperate with Buyer and use Sellerin connection with Buyer's best efforts to keep available to Buyer the services of the officers and employees of Seller (with respect to the Business) Company and Company ConsumerInfo that Buyer may wish to have the Company or ConsumerInfo retain. Nothing in this Section 4.6 4.5 shall obligate Buyer Buyer, the Company or Company ConsumerInfo after the Closing to retain or offer renewed employment to any officer or employee of the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Homestore Com Inc)

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Preservation of Business Prior to Closing Date. During the period beginning on the date hereof and ending on the Closing Date, (a) Seller will use its reasonable best efforts to preserve the Business and to preserve the goodwill of customers, suppliers and others having business relations with Seller (with respect to the Business) and Company Constituent Entities and (b) Seller and Buyer will consult with each other concerning, and Seller will reasonably cooperate with Buyer and use Seller's best efforts to keep available to Buyer Buyer, the services of the officers and employees of Seller (with respect to each of the Business) and Company Constituent Entities that Buyer may wish to have the Company Constituent Entities retain. Nothing in this Section 4.6 5.6 shall obligate Buyer or any Company Constituent Entity after the Closing to retain or offer employment to any officer or employee of Companyany Company Constituent Entity.

Appears in 1 contract

Samples: Stock Purchase Agreement (Coinstar Inc)

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