Common use of Conduct of Business by the Parties Clause in Contracts

Conduct of Business by the Parties. During the period from the date of this Agreement and continuing until the earlier of the termination of this Agreement pursuant to its terms or the Closing Date, each of ONTN and Global shall carry on its respective businesses in the ordinary and usual course in substantially the same manner as heretofore conducted and in substantial compliance with all applicable laws and regulations, pay their respective debts and taxes when due. subject to good faith disputes over such debts or taxes, pay or perform other material obligations when due, subject to good faith disputes over such obligations, and use their commercially reasonable efforts consistent with past practices and policies to (i) preserve intact their present business organizations, (ii) keep available the services of each of their present officers and employees, respectively, and (iii) preserve their relationships with customers, suppliers, distributors, licensors, licensees and others with which each party has business dealings material to its respective business.

Appears in 1 contract

Samples: Agreement and Plan of Share Exchange (110 Media Group, Inc.)

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Conduct of Business by the Parties. During the period from the date of this Agreement and continuing until the earlier of the termination of this Agreement pursuant to its terms or the Closing DateEffective Time, each of ONTN OrthoNetx and Global its Subsidiaries and Parent and its Subsidiaries shall carry on its their respective businesses business in the ordinary and usual course in substantially the same manner as heretofore conducted and in substantial compliance with all applicable laws and regulations, pay their respective debts and taxes when due. due subject to good faith disputes over such debts or taxes, pay or perform other material obligations when due, due subject to good faith disputes over such obligations, and use their commercially reasonable efforts consistent with past practices and policies to (i) preserve intact their present business organizationsorganization, (ii) keep available the services of each of their present officers and employees, respectively, and (iii) preserve their relationships with customers, suppliers, distributors, licensors, licensees and others with which each party has business dealings material to its their respective business.

Appears in 1 contract

Samples: 1 Agreement and Plan of Merger (Eye Dynamics Inc)

Conduct of Business by the Parties. During the period from the date of this Agreement and continuing until the earlier of the termination of this Agreement pursuant to its terms or the Closing DateEffective Time, each of ONTN Jade and Global Parent and its Subsidiaries shall carry on its their respective businesses business in the ordinary and usual course in substantially the same manner as heretofore conducted and in substantial compliance with all applicable laws and regulations, pay their respective debts and taxes when due. due subject to good faith disputes over such debts or taxes, pay or perform other material obligations when due, due subject to good faith disputes over such obligations, and use their commercially reasonable efforts consistent with past practices and policies to (i) preserve intact their present business organizationsorganization, (ii) keep available the services of each of their present officers and employees, respectively, and (iii) preserve their relationships with customers, suppliers, distributors, licensors, licensees and others with which each party has business dealings material to its their respective business.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Dominix Inc)

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Conduct of Business by the Parties. During the period from the date of this Agreement and continuing until the earlier of the termination of this Agreement pursuant to its terms ARTICLE VIII or the Closing DateEffective Time, except as contemplated by this Agreement, each of ONTN Pathworks-Florida, Merger Sub and Global Parent shall carry on its conduct their respective businesses in the ordinary and usual course in substantially the same manner as heretofore conducted and in substantial compliance with all applicable laws and regulations, pay their respective debts and taxes Taxes when due. due subject to good faith disputes over such debts or taxesTaxes, pay or perform other material obligations when due, due subject to good faith disputes over such obligations, and use their commercially reasonable efforts consistent with past practices and policies to (i) preserve intact their present business organizations, organization; (ii) keep available the services of each of their present officers and employees, respectively, ; and (iii) preserve their relationships with customers, suppliers, distributors, licensors, licensees and others with which each party has business dealings material to its their respective business.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Lexicon United Inc)

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