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(b) subject to Section 4.19, maintain the Assets or cause the Assets to be maintained in substantially their existing condition, reasonable wear and tear excepted; (c) comply in all material respects with all statutes, laws, ordinances, rules, regulations, requirements, judgments, orders and decrees of any Governmental Authority (collectively, \u201cApplicable Law\u201d) with respect to the Assets and the operation thereof, including all required regulatory standards of any Governmental Authorities with regulatory jurisdiction over the Facilities and compliance in all material respects with all Government Programs; (d) timely pay all rents and other payments due on or before the Closing under, and otherwise maintain and comply with, all Contracts, all Tenant Leases, all Equipment Leases, all Residency Agreements and all Employee Benefit Plans; (e) except in the ordinary course of business and consistent with past practice (or as otherwise required by a Governmental Authority), not agree to or make any changes or modifications in any Residency Agreements or incur any further obligations or surrender any rights thereunder; (f) not enter into any agreements or leases which would have had to be disclosed in any section of the Disclosure Letter had such agreements or leases been entered into prior to the Effective Date; (g) not enter into or agree to or make any changes or modifications in any Contracts, Tenant Leases, Equipment Leases or Employee Benefit Plans or incur any further obligations or surrender any rights thereunder; (h) keep in full force and effect insurance policies with the same coverage limits and otherwise on substantially the same terms as existing policies through the Closing Date; (i) maintain in good standing all Licenses necessary to operate the Facilities; and (j) use commercially reasonable, good faith efforts to maintain all goodwill and preserve relationships with all Residents, employees, vendors and Governmental Authorities. 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The Company has not between December 1, 2018 and the date hereof distributed any cash to its members. For the avoidance of doubt, however, the Company\u2019s distribution of cash in accordance with the definition of \u201cPurchaser Portion of the 2018 Tax Liability\u201d shall not serve as the basis for any breach of this Section 3.25 or any other provision of this Agreement.", "samples": [{"hash": "2iC2iHsJQ4d", "uri": "/contracts/2iC2iHsJQ4d#interim-operating-covenants", "label": "Agreement and Plan of Merger (TILT Holdings Inc.)", "score": 33.4188919067, "published": true}, {"hash": "9RaBf0PJV3t", "uri": "/contracts/9RaBf0PJV3t#interim-operating-covenants", "label": "Agreement and Plan of Merger (TILT Holdings Inc.)", "score": 33.2956886292, "published": true}, {"hash": "fwjnObkoaD", "uri": "/contracts/fwjnObkoaD#interim-operating-covenants", "label": "Merger Agreement", "score": 26.5961666107, "published": true}], "snippet_links": [{"key": "the-company-has", "type": "definition", "offset": [0, 15]}, {"key": "no-action", "type": "clause", "offset": [22, 31]}, {"key": "section-61", "type": "clause", "offset": [90, 101]}, {"key": "action-to-be-taken", "type": "clause", "offset": [130, 148]}, {"key": "following-the", "type": "definition", "offset": [149, 162]}, {"key": "date-hereof", "type": "clause", "offset": [163, 174]}, {"key": "prior-to-the-closing", "type": "clause", "offset": [179, 199]}, {"key": "between-december", "type": "clause", "offset": [221, 237]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [303, 329]}, {"key": "distribution-of-cash", "type": "clause", "offset": [354, 374]}, {"key": "in-accordance-with", "type": "clause", "offset": [375, 393]}, {"key": "the-definition-of", "type": "clause", "offset": [394, 411]}, {"key": "purchaser-portion", "type": "definition", "offset": [413, 430]}, {"key": "tax-liability", "type": "definition", "offset": [443, 456]}, {"key": "the-basis", "type": "clause", "offset": [477, 486]}, {"key": "breach-of-this-section", "type": "clause", "offset": [495, 517]}, {"key": "other-provision-of-this-agreement", "type": "clause", "offset": [530, 563]}], "size": 3, "hash": "2d864c40438558a16b007249da122ad4", "id": 9}, {"snippet": "77 Section 9.02. Stockholder Action by Written Consent; AIG Information", "samples": [{"hash": "gOdvtHbK3MI", "uri": "/contracts/gOdvtHbK3MI#interim-operating-covenants", "label": "Frbny Master Transaction Agreement", "score": 27.6461334229, "published": true}, {"hash": "46GdkavPBTf", "uri": "/contracts/46GdkavPBTf#interim-operating-covenants", "label": "Master Transaction Agreement", "score": 27.6461334229, "published": true}, {"hash": "6F6I5h4tRzi", "uri": "/contracts/6F6I5h4tRzi#interim-operating-covenants", "label": "Master Transaction Agreement", "score": 26.1704311371, "published": true}], "snippet_links": [{"key": "stockholder-action-by-written-consent", "type": "clause", "offset": [17, 54]}], "size": 6, "hash": "0ba3462311cda2b22044680027140571", "id": 5}, {"snippet": "Except as set forth on Schedule 4.5, during the Pre-Closing Period, the Company shall, and shall cause each other member of the Company Group (i) to operate its business in the ordinary course in substantially the same manner in which it previously has been conducted and (ii) use its reasonable best efforts to preserve intact in all material respects its business and assets and its relationships with customers, suppliers, employees and others having business dealings with it. Without limiting the generality of the foregoing, during the Pre-Closing Period, without the prior written consent of the Purchaser, the Company shall not, and shall cause each other member of the Company Group to not:\n(a) declare, or make payment in respect of, any dividend or other distribution upon any shares of capital stock of the Company;\n(b) redeem, repurchase or acquire any capital stock of any Company Group Member, other than repurchases of capital stock from employees, officers or directors of any Company Group Member in the ordinary course of business for purposes of the payment of the exercise price of a Company Stock Option or for purposes of tax withholding pursuant to, or as required by, any of the Company Group\u2019s agreements or Plans in effect as of the date hereof;\n(c) amend the Certificate of Incorporation, the Certificate of Designations or the Bylaws (other than in connection with the filing of the Certificate of Designations with the Secretary of State of the State of Delaware at or prior to Closing) or take or authorize any action to wind up its affairs or dissolve;\n(d) authorize, grant, issue or reclassify any capital stock, or securities exercisable for, exchangeable for or convertible into capital stock (including options, warrants or rights), of any Company Group Member other than grants of Company Stock Options, Company RSUs and Company PRSUs under the Company Equity Plans in the ordinary course of business to employees, officers or directors of any Company Group Member or issuances of capital stock, or securities exercisable for, exchangeable for or convertible into shares or other capital stock, of the Company upon the exercise or settlement of any Company Stock Option, Company RSU, or Company PRSU outstanding on the date of this Agreement;\n(e) (i) amend the Debt Commitment Letter (as defined in the Allied Acquisition Agreement), (ii) amend any agreements in existence as of the date hereof relating to indebtedness for borrowed money of the Company (excluding any such agreements that will be amended or amended and restated, as applicable, on or prior to the Closing, which amended or amended and restated agreements are addressed by clause (iii) below) that will remain in effect following the Closing, or (iii) enter into any agreements or arrangements relating to indebtedness for borrowed money (including any Debt Documents (as defined in the Allied Acquisition Agreement)) or otherwise complete the Debt Financing (as defined in the Allied Acquisition Agreement) on any terms that are inconsistent with the terms set forth in the Debt Commitment Letter (as defined in the Allied Acquisition Agreement), in the case of each of clauses (i) through (iii), in a manner (x) that is material and adverse to the Purchaser (it being understood and agreed that any change that would limit or restrict the Company\u2019s ability to take any action in accordance with the Certificate of Designations, which failure to take such 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Typically, these covenants require the seller to operate the business in the ordinary course, refrain from making significant changes, or seek the buyer\u2019s consent for major decisions such as new debt, asset sales, or large expenditures. Their core practical function is to preserve the value and condition of the business during the interim period, ensuring that the buyer receives the company in substantially the same state as when the agreement was signed."}, "json": true, "cursor": ""}}