Conduct of Business of Sub. During the period from the date of this Agreement to the Effective Time, Sub shall not engage in any activities of any nature except as provided in or contemplated by this Agreement. It is understood that Sub was formed by Parent solely for the purpose of effecting the Merger, and that Sub will have no material assets and no material liabilities prior to the Merger.
Appears in 4 contracts
Samples: V 7 Agreement and Plan of Merger (Aurora Electronics Inc), Agreement and Plan of Merger (Schein Henry Inc), Agreement and Plan of Merger (Sullivan Dental Products Inc)
Conduct of Business of Sub. During the period from the date of this Agreement to the Effective Time, Sub shall not engage in any activities of any nature except as provided in or contemplated by this Agreement. It is understood that Sub was formed by Parent solely for the purpose of effecting the Merger, and that Sub will have no material assets and no material liabilities prior to the Merger. Parent shall cause Sub to perform its obligations under this Agreement.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Gaylord Entertainment Co /De), Agreement and Plan of Merger (Micro Bio Medics Inc), Agreement and Plan of Merger (Schein Henry Inc)
