Common use of Preservation of Organization Clause in Contracts

Preservation of Organization. Seller shall use its reasonable best efforts, provided that no material expenditure is required, to preserve intact the business organization of the Business, to keep available the services of current employees of the Business and to preserve for Purchaser the present relationships of the Business with its suppliers and customers and others having business relations with the Business.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Paperclip Imaging Software Inc/De), Asset Purchase Agreement (Access Solutions International Inc)

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Preservation of Organization. Prior to the Closing, Seller shall use its commercially reasonable best efforts, provided that no material expenditure is required, efforts to preserve intact the business organization of the Business, to keep available to Purchaser the services of current employees of the Business Seller's employees, and to preserve for Purchaser the present Seller's favorable business relationships of the Business with its suppliers and suppliers, customers and others having with whom business relations with the Businessrelationships exist.

Appears in 1 contract

Samples: Asset Purchase Agreement (Horizon Medical Products Inc)

Preservation of Organization. Seller shall use its reasonable best efforts, provided that no material expenditure is required, efforts to preserve intact the its business organization of the Businessintact, to keep available the services of current employees of the Business its present key employees, and to preserve for Purchaser the its present relationships of the Business with its suppliers and customers and others those having business relations with the Businessit.

Appears in 1 contract

Samples: Asset Purchase Agreement (EWaste Systems, Inc.)

Preservation of Organization. Seller shall will use its commercially reasonable best efforts, provided that no material expenditure is requiredsubject to the restraints set forth in this Section 5.6, to preserve intact the business organization of the BusinessBusiness intact, to keep available the services of current employees of the Business and to preserve for Purchaser Buyer the present relationships of the Business with its suppliers and suppliers, customers and others having business relations with agents and to retain the Businesspresent officers and Employees of the Seller other than Xxxxx Xxxxx and Xxx Xxxxxx, provided that Seller shall not be under any obligation to offer any payment or other inducement to any such officer or Employee to secure their availability to Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Elecsys Corp)

Preservation of Organization. The Seller shall use its commercially reasonable best efforts, provided that no material expenditure is required, efforts to preserve intact the its business organization of the Business, to keep available the services of current employees of the Business intact and to preserve for Purchaser the Buyer the Seller's present relationships of the Business with its suppliers and customers and others having business relations with the BusinessSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (SFX Entertainment Inc)

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Preservation of Organization. Seller and the Company shall use its reasonable their respective best efforts, provided that no material expenditure is required, to preserve intact the business organization of the Business, to keep available the services of current employees of the Business and efforts to preserve for Purchaser Buyer the present relationships Business of the Business Company as well as the Company's favorable business relationships with its suppliers and customers suppliers, customers, and others having with whom business relations relationships exist. Such efforts shall include, but not be limited to, providing adequate funding to service all accounts in a timely and professional manner, consistent with the Businessprior business practices of Seller and the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Carnegie International Corp)

Preservation of Organization. Seller shall use its reasonable best efforts, provided that no material expenditure is required, efforts to preserve intact the business organization Business to keep available to Buyer the services of the employees of the Business, to keep available the services of current employees of the Business and to preserve for Purchaser the present Buyer Seller's favorable business relationships of the Business with its suppliers and suppliers, customers and others having with whom business relations with the Businessrelationships exist.

Appears in 1 contract

Samples: Asset Purchase Agreement (Dataflex Corp)

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