Common use of CONDUCT OF BUSINESS PENDING Clause in Contracts

CONDUCT OF BUSINESS PENDING. THE ARRANGEMENT 21 Section 4.01 Conduct of Business by the Company Pending the Arrangement 21 Section 4.02 Subsequent Company Documents; Monthly Financial Statements 24 ARTICLE V ADDITIONAL AGREEMENTS 25 Section 5.01 Interim Order; Information Circular; Final Order 25 Section 5.02 Appropriate Action; Consents; Filings 26 Section 5.03 Access to Information 27 Section 5.04 No Solicitation 28 Section 5.05 D&O Indemnification 31 Section 5.06 Notification of Certain Matters 31 Section 5.07 Public Announcements 32 Section 5.08 Shareholder Approval 32 Section 5.09 Securities Exchange Filings 32 Section 5.10 Stock Purchase Plans 32 Section 5.11 Company Stock Options 33 Section 5.12 Further Assurances 33 ARTICLE VI CONDITIONS TO THE ARRANGEMENT 33 Section 6.01 Conditions to the Obligations of Each Party 33 Section 6.02 Conditions to the Obligations of Parent and Subco 34 Section 6.03 Conditions to the Obligations of the Company 35 Section 6.04 Merger of Conditions 36 ARTICLE VII TERMINATION, AMENDMENT AND WAIVER 36 Section 7.01 Termination 36 Section 7.02 Method of Termination; Effect of Termination 37 Section 7.03 Payments on Termination 38 Section 7.04 Amendment 39 Section 7.05 Waiver 39 ARTICLE VIII GENERAL PROVISIONS 40 Section 8.01 Non-Survival of Representations, Warranties and Agreements 40 Section 8.02 Expenses 40 Section 8.03 Notices 40 Section 8.04 Certain Definitions 42 Section 8.05 Interpretation 49 Section 8.06 Severability 49 Section 8.07 Entire Agreement; Assignment 49 Section 8.08 Parties in Interest 50 – ii – TABLE OF CONTENTS (Cont'd) Page

CONDUCT OF BUSINESS PENDING. THE ARRANGEMENT 21 Section 4.01 Conduct CONSUMMATION 37 5.1 Affirmative Covenants of Business by the Company Pending the Arrangement 21 Section 4.02 Subsequent Company Documents; Monthly Financial Statements 24 Seller and Buyer. 37 5.2 Negative Covenants of Seller. 38 5.3 Adverse Changes in Condition. 40 5.4 Reports. 40 ARTICLE V 6 ADDITIONAL AGREEMENTS 25 41 6.1 Shareholder Approvals. 41 6.2 Registration of Buyer Common Stock. 42 6.3 Other Offers, etc. 43 6.4 Consents of Regulatory Authorities. 44 6.5 Agreement as to Efforts to Consummate. 44 6.6 Investigation and Confidentiality. 44 6.7 Press Releases. 45 6.8 Charter Provisions. 45 6.9 Employee Benefits and Contracts. 45 6.10 Section 5.01 Interim Order; Information Circular; Final Order 25 Section 5.02 Appropriate Action; Consents; Filings 26 Section 5.03 Access to Information 27 Section 5.04 No Solicitation 28 Section 5.05 D&O Indemnification 31 Section 5.06 Notification of Certain Matters 31 Section 5.07 Public Announcements 32 Section 5.08 Shareholder Approval 32 Section 5.09 Securities Exchange Filings 32 Section 5.10 Stock Purchase Plans 32 Section 5.11 Company Stock Options 33 Section 5.12 Further Assurances 33 16 Matters. 47 6.11 Indemnification. 47 ARTICLE VI 7 CONDITIONS PRECEDENT TO THE ARRANGEMENT 33 Section 6.01 OBLIGATIONS TO CONSUMMATE 48 7.1 Conditions to the Obligations of Each Party 33 Section 6.02 Party. 48 7.2 Conditions to the Obligations of Parent and Subco 34 Section 6.03 Buyer. 49 7.3 Conditions to the Obligations of the Company 35 Section 6.04 Merger of Conditions 36 Seller. 50 ARTICLE VII TERMINATION, AMENDMENT AND WAIVER 36 Section 7.01 Termination 36 Section 7.02 Method of 8 TERMINATION 51 8.1 Termination; . 51 8.2 Effect of Termination 37 Section 7.03 Payments on 52 8.3 Termination 38 Section 7.04 Amendment 39 Section 7.05 Waiver 39 ARTICLE VIII GENERAL PROVISIONS 40 Section 8.01 Fee. 52 8.4 Non-Survival of Representations, Warranties Representations and Agreements 40 Section 8.02 Expenses 40 Section 8.03 Notices 40 Section 8.04 Certain Definitions 42 Section 8.05 Interpretation 49 Section 8.06 Severability 49 Section 8.07 Covenants. 53 ARTICLE 9 MISCELLANEOUS 53 9.1 Definitions. 53 9.2 Expenses. 62 9.3 Entire Agreement. 62 9.4 Amendments. 62 9.5 Waivers. 62 9.6 Assignment. 63 9.7 Notices. 63 9.8 Governing Law. 63 9.9 Counterparts. 64 9.10 Captions; Assignment 49 Section 8.08 Parties in Interest 50 – ii – TABLE OF CONTENTS (Cont'd) PageArticles and Sections. 64 9.11 Interpretations. 64 9.12 Enforcement of Agreement. 64 9.13 Severability. 64

CONDUCT OF BUSINESS PENDING. THE ARRANGEMENT 21 Section 4.01 Conduct CLOSING 39 6.1 Carry on in Regular Course 39 6.2 Use of Business by Assets 39 6.3 Sales Practices 39 6.4 Distributions 40 6.5 No Default 40 6.6 Existing Insurance Policies 40 6.7 Employment Matters 40 6.8 Contracts and Commitments 40 6.9 Preservation of Relationships 40 6.10 Compliance with Laws 40 6.11 Taxes 40 6.12 Affiliate Transactions 40 ARTICLE 7 CONDITIONS PRECEDENT TO THE OBLIGATIONS OF THE BUYER 41 7.1 Compliance with Agreement 41 7.2 Proceedings and Instruments Satisfactory 41 7.3 No Challenges 41 7.4 Representations and Warranties of the Company Pending Parent and the Arrangement 21 Section 4.02 Subsequent Company DocumentsSeller 41 7.5 No Adverse Change 41 7.6 Deliveries at Closing 41 7.7 Other Documents 41 7.8 Possession; Monthly Financial Statements 24 ARTICLE V ADDITIONAL AGREEMENTS 25 Section 5.01 Interim Order; Information Circular; Final Order 25 Section 5.02 Appropriate Action; Consents; Filings 26 Section 5.03 Access to Information 27 Section 5.04 No Solicitation 28 Section 5.05 D&O Indemnification 31 Section 5.06 Notification Instruments of Certain Matters 31 Section 5.07 Public Announcements 32 Section 5.08 Conveyance 42 7.9 HSR Act 42 7.10 Parent Shareholder Approval 32 Section 5.09 Securities Exchange Filings 32 Section 5.10 Stock Purchase Plans 32 Section 5.11 Company Stock Options 33 Section 5.12 Further Assurances 33 42 ARTICLE VI 8 CONDITIONS PRECEDENT TO THE ARRANGEMENT 33 Section 6.01 Conditions to the Obligations of Each Party 33 Section 6.02 Conditions to the Obligations of Parent OBLIGATIONS OF THE PARENT AND THE SELLER 42 8.1 Compliance with Agreement 42 8.2 Proceedings and Subco 34 Section 6.03 Conditions to the Obligations Instruments Satisfactory 42 8.3 No Challenges 42 8.4 Representations and Warranties of the Company 35 Section 6.04 Merger of Conditions 36 ARTICLE VII TERMINATION, AMENDMENT AND WAIVER 36 Section 7.01 Termination 36 Section 7.02 Method of Termination; Effect of Termination 37 Section 7.03 Payments on Termination 38 Section 7.04 Amendment 39 Section 7.05 Waiver 39 ARTICLE VIII GENERAL PROVISIONS 40 Section 8.01 Non-Survival of Representations, Warranties and Agreements 40 Section 8.02 Expenses 40 Section 8.03 Notices 40 Section 8.04 Certain Definitions 42 Section 8.05 Interpretation 49 Section 8.06 Severability 49 Section 8.07 Entire Agreement; Assignment 49 Section 8.08 Parties in Interest 50 – ii – TABLE OF CONTENTS (Cont'd) PageBuyer 43 8.5 Deliveries at Closing 43 8.6 Other Documents 43 8.7 HSR Act 43 8.8 Parent Shareholder Approval 43

CONDUCT OF BUSINESS PENDING. THE ARRANGEMENT 21 Section 4.01 Conduct of Business by the Company Pending the Arrangement 21 Section 4.02 Subsequent Company Documents; Monthly Financial Statements 24 CONSUMMATION 26 6.1 AFFIRMATIVE COVENANTS OF TARGET. 26 6.2 NEGATIVE COVENANTS OF TARGET. 26 6.3 COVENANTS OF BUYER. 29 6.4 REPORTS. 29 6.5 TAKEOVER LAWS. 29 ARTICLE V 7 ADDITIONAL AGREEMENTS 25 Section 5.01 Interim Order30 7.1 REGISTRATION STATEMENT; Information CircularPROXY STATEMENT; Final Order 25 Section 5.02 Appropriate ActionSHAREHOLDER APPROVAL. 30 7.2 ACQUISITION PROPOSALS. 31 7.3 EXCHANGE LISTING. 32 7.4 CONSENTS OF REGULATORY AUTHORITIES. 33 7.5 INVESTIGATION AND CONFIDENTIALITY. 33 7.6 PRESS RELEASES. 34 7.7 TAX TREATMENT. 34 7.8 EMPLOYEE BENEFITS AND CONTRACTS. 34 7.9 INDEMNIFICATION. 35 7.10 ADVISORY CONTRACTS CONSENTS. 37 7.11 FORMATION OF SUB; Consents; Filings 26 Section 5.03 Access to Information 27 Section 5.04 No Solicitation 28 Section 5.05 D&O Indemnification 31 Section 5.06 Notification of Certain Matters 31 Section 5.07 Public Announcements 32 Section 5.08 Shareholder Approval 32 Section 5.09 Securities Exchange Filings 32 Section 5.10 Stock Purchase Plans 32 Section 5.11 Company Stock Options 33 Section 5.12 Further Assurances 33 ACCESSION. 37 ARTICLE VI 8 CONDITIONS PRECEDENT TO OBLIGATIONS TO CONSUMMATE 37 8.1 CONDITIONS TO THE ARRANGEMENT 33 Section 6.01 Conditions to the Obligations of Each Party 33 Section 6.02 Conditions to the Obligations of Parent and Subco 34 Section 6.03 Conditions to the Obligations of the Company 35 Section 6.04 Merger of Conditions 36 ARTICLE VII TERMINATION, AMENDMENT AND WAIVER 36 Section 7.01 Termination 36 Section 7.02 Method of Termination; Effect of Termination OBLIGATIONS OF EACH PARTY. 37 Section 7.03 Payments on Termination 8.2 CONDITIONS TO OBLIGATIONS OF BUYER. 38 Section 7.04 Amendment 39 Section 7.05 Waiver 8.3 CONDITIONS TO OBLIGATIONS OF TARGET. 39 ARTICLE VIII GENERAL PROVISIONS 40 Section 8.01 Non-Survival of Representations, Warranties and Agreements 40 Section 8.02 Expenses 40 Section 8.03 Notices 40 Section 8.04 Certain Definitions 42 Section 8.05 Interpretation 49 Section 8.06 Severability 49 Section 8.07 Entire Agreement; Assignment 49 Section 8.08 Parties in Interest 50 – ii – TABLE OF CONTENTS (Cont'd) Page9 TERMINATION 39 9.1 TERMINATION. 39 -iii-

CONDUCT OF BUSINESS PENDING. THE ARRANGEMENT 21 MERGER 35 Section 4.01 5.01. Conduct of Business by the Company Pending the Arrangement 21 Merger. 35 Section 4.02 Subsequent Company Documents; Monthly Financial Statements 24 5.02. Operation of Parent’s and Merger Sub’s Business. 38 Section 5.03. No Control of Other Party’s Business. 39 ARTICLE V VI ADDITIONAL AGREEMENTS 25 39 Section 5.01 Interim Order; Information Circular; Final Order 25 6.01. Proxy Statement and Schedule 13E-3. 39 Section 5.02 Appropriate Action; Consents; Filings 26 6.02. Shareholders’ Meeting. 41 Section 5.03 6.03. Access to Information 27 Information. 42 Section 5.04 6.04. No Solicitation 28 of Transactions. 43 Section 5.05 D&O 6.05. Directors’ and Officers’ Indemnification 31 and Insurance. 47 Section 5.06 6.06. Notification of Certain Matters 31 Matters. 49 Section 5.07 6.07. Financing. 50 Section 6.08. Consent Solicitation; Optional Redemption of 2018 Notes. 53 Section 6.09. Further Action; Reasonable Best Efforts. 55 Section 6.10. Obligations of Merger Sub. 56 Section 6.11. Participation in Litigation. 56 Section 6.12. Resignations. 56 Section 6.13. Public Announcements 32 Announcements. 56 Section 5.08 Shareholder Approval 32 6.14. Stock Exchange Delisting. 57 Section 5.09 Securities Exchange Filings 32 6.15. Takeover Statutes. 57 Section 5.10 Stock Purchase Plans 32 Section 5.11 Company Stock Options 33 Section 5.12 Further Assurances 33 6.16. No Amendment to Parent Group Contracts. 57 ARTICLE VI VII CONDITIONS TO THE ARRANGEMENT 33 MERGER 58 Section 6.01 7.01. Conditions to the Obligations of Each Party 33 Party. 58 Section 6.02 7.02. Conditions to the Obligations of Parent and Subco 34 Merger Sub. 58 Section 6.03 7.03. Conditions to the Obligations of the Company 35 Company. 59 Section 6.04 Merger 7.04. Frustration of Conditions 36 ARTICLE VII TERMINATION, AMENDMENT AND WAIVER 36 Section 7.01 Termination 36 Section 7.02 Method of Termination; Effect of Termination 37 Section 7.03 Payments on Termination 38 Section 7.04 Amendment 39 Section 7.05 Waiver 39 ARTICLE VIII GENERAL PROVISIONS 40 Section 8.01 Non-Survival of Representations, Warranties and Agreements 40 Section 8.02 Expenses 40 Section 8.03 Notices 40 Section 8.04 Certain Definitions 42 Section 8.05 Interpretation 49 Section 8.06 Severability 49 Section 8.07 Entire Agreement; Assignment 49 Section 8.08 Parties in Interest 50 – ii – Closing Conditions. 60 TABLE OF CONTENTS (Cont'd) Page

CONDUCT OF BUSINESS PENDING. THE ARRANGEMENT 21 Section 4.01 Conduct of Business by the Company Pending the Arrangement 21 Section 4.02 Subsequent Company Documents; Monthly Financial Statements 24 CONSUMMATION 26 6.1 AFFIRMATIVE COVENANTS OF TARGET. 26 6.2 NEGATIVE COVENANTS OF TARGET. 26 6.3 COVENANTS OF BUYER. 29 6.4 REPORTS. 29 6.5 TAKEOVER LAWS. 29 ARTICLE V 7 ADDITIONAL AGREEMENTS 25 Section 5.01 Interim Order30 7.1 REGISTRATION STATEMENT; Information CircularPROXY STATEMENT; Final Order 25 Section 5.02 Appropriate ActionSHAREHOLDER APPROVAL. 30 7.2 ACQUISITION PROPOSALS. 31 7.3 EXCHANGE LISTING. 32 7.4 CONSENTS OF REGULATORY AUTHORITIES. 33 7.5 INVESTIGATION AND CONFIDENTIALITY. 33 7.6 PRESS RELEASES. 34 7.7 TAX TREATMENT. 34 7.8 EMPLOYEE BENEFITS AND CONTRACTS. 34 7.9 INDEMNIFICATION. 35 7.10 ADVISORY CONTRACTS CONSENTS. 37 7.11 FORMATION OF SUB; Consents; Filings 26 Section 5.03 Access to Information 27 Section 5.04 No Solicitation 28 Section 5.05 D&O Indemnification 31 Section 5.06 Notification of Certain Matters 31 Section 5.07 Public Announcements 32 Section 5.08 Shareholder Approval 32 Section 5.09 Securities Exchange Filings 32 Section 5.10 Stock Purchase Plans 32 Section 5.11 Company Stock Options 33 Section 5.12 Further Assurances 33 ACCESSION. 37 ARTICLE VI 8 CONDITIONS PRECEDENT TO OBLIGATIONS TO CONSUMMATE 37 8.1 CONDITIONS TO THE ARRANGEMENT 33 Section 6.01 Conditions to the Obligations of Each Party 33 Section 6.02 Conditions to the Obligations of Parent and Subco 34 Section 6.03 Conditions to the Obligations of the Company 35 Section 6.04 Merger of Conditions 36 ARTICLE VII TERMINATION, AMENDMENT AND WAIVER 36 Section 7.01 Termination 36 Section 7.02 Method of Termination; Effect of Termination OBLIGATIONS OF EACH PARTY. 37 Section 7.03 Payments on Termination 8.2 CONDITIONS TO OBLIGATIONS OF BUYER. 38 Section 7.04 Amendment 39 Section 7.05 Waiver 8.3 CONDITIONS TO OBLIGATIONS OF TARGET. 39 ARTICLE VIII GENERAL PROVISIONS 9 TERMINATION 39 9.1 TERMINATION. 39 -iii- 9.2 EFFECT OF TERMINATION. 40 Section 8.01 Non9.3 NON-Survival of Representations, Warranties and Agreements 40 Section 8.02 Expenses 40 Section 8.03 Notices 40 Section 8.04 Certain Definitions 42 Section 8.05 Interpretation SURVIVAL OF REPRESENTATIONS AND COVENANTS. 41 ARTICLE 10 MISCELLANEOUS 41 10.1 DEFINITIONS. 41 10.2 REFERENCED SECTIONS. 48 10.3 EXPENSES AND FEES. 49 Section 8.06 Severability 49 Section 8.07 Entire Agreement10.4 BROKERS AND FINDERS 50 10.5 ENTIRE AGREEMENT. 51 10.6 AMENDMENTS. 51 10.7 WAIVERS. 51 10.8 ASSIGNMENT; Assignment 49 Section 8.08 Parties in Interest 50 – ii – TABLE OF CONTENTS (Cont'd) PageTHIRD PARTY BENEFICIARIES. 51