Actions Prior to Closing. From the date hereof until the Closing Date, Contributor shall not take any action or fail to take any action the result of which could (1) have a material adverse effect on the Contributed Interests or the Operating Partnership’s ownership thereof, or any Material Adverse Effect on any Contributed Entity or Property after the Closing Date or (2) cause any of the representations and warranties contained in this Section 2.2 to be untrue as of the Closing Date.
Actions Prior to Closing. PerSeptive shall conduct the Drug Discovery Program pending the Closing in a manner consistent with past practice. Without limiting the generality of the foregoing, PerSeptive will not, except in the ordinary and usual course of business, without the prior written consent of ChemGenics do any of the following regarding the Transferred Assets or the Drug Discovery Program: (i) make any acquisition or disposition of assets, (ii) enter into any contract or release or relinquish any contract or other right, or (iii) enter into or renew any employment agreement with any employees or consultants or grant any increases in the compensation or benefits to, or agree to pay any bonus, severance or termination payment or other special compensation to any employees or consultants.
Actions Prior to Closing. The Parties agree as follows with respect to the period between the Execution Date and the earlier of the Closing and the Termination Date:
Actions Prior to Closing. Between the date of this Agreement and the Effective Time, (a) the Acquired Corporations shall each operate their respective businesses in accordance with sound business practices and shall not engage in any transactions other than in the ordinary course of business, and (b) neither the Parent nor any of the Acquired Corporations shall issue any additional shares of its capital stock (except, the Parent shall issue shares of Parent Common Stock in accordance with the Parent Recapitalization Documents).