Common use of Business Operations Clause in Contracts

Business Operations. Dentist shall operate the Business and use the Assets in the ordinary course. Dentist shall not enter into any lease, contract, indebtedness, commitment, purchase or sale or acquire or dispose of any capital asset relating to the Business or the Assets except in the ordinary course of business. Dentist shall use their best efforts to preserve the Business and Assets intact and shall not take any action that would have an adverse effect on the Business or Assets. Dentist shall use their best efforts to preserve intact the relationships with payors, customers, suppliers, patients and others having significant business relations with Dentist. Dentist shall collect its receivables and pay its trade payables in the ordinary course of business. Dentist shall not introduce any new method of management, operations or accounting.

Appears in 17 contracts

Samples: Asset Contribution Agreement (Pentegra Dental Group Inc), Asset Contribution Agreement (Pentegra Dental Group Inc), Asset Contribution Agreement (Pentegra Dental Group Inc)

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Business Operations. Dentist shall operate the Business and use the Assets in the ordinary course. Dentist shall not enter into any lease, contract, indebtedness, commitment, purchase or sale or acquire or dispose of any capital asset relating to the Business or the Assets except in the ordinary course of business. Dentist shall use their his best efforts to preserve the Business and Assets intact and shall not take any action that would have an a material adverse effect on the Business or Assets. Dentist shall use their his best efforts to preserve intact the relationships with payors, customers, suppliers, patients and others having significant business relations with Dentist. Dentist shall collect its receivables and pay its trade payables in the ordinary course of business. Dentist shall not introduce any new method of management, operations or accounting.

Appears in 1 contract

Samples: Asset Contribution Agreement (Pentegra Dental Group Inc)

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