Common use of Interim Period Clause in Contracts

Interim Period. 5.1 During the period commencing on the date hereof and ending on the Closing or earlier termination of this Agreement (the “Interim Period”), the Company shall, with the exception of the‌ transactions contemplated herein, only conduct its business, operations and affairs, and shall not take any action except, in the ordinary and usual course of business consistent with past practice in all material respects and will not enter into any material transactions or incur any material liabilities or obligations without first obtaining the prior written consent of the Purchaser, which consent will not be unreasonably withheld or delayed, and will otherwise conduct its business, operations and affairs in compliance with all applicable laws and regulatory requirements and use all commercially reasonable efforts to maintain and preserve its business, organization, properties, assets, goodwill and business relationships.

Appears in 2 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement

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Interim Period. 5.1 During the period commencing on the date hereof and ending on the Closing or earlier termination of this Agreement (the “Interim Period”), the Company shall, with the exception of the‌ the transactions contemplated herein, only conduct its business, operations and affairs, and shall not take any action except, in the ordinary and usual course of business consistent with past practice in all material respects and will not enter into any material transactions or incur any material liabilities or obligations without first obtaining the prior written consent of the Purchaser, which consent will not be unreasonably withheld or delayed, and will otherwise conduct its business, operations and affairs in compliance with all applicable laws and regulatory requirements and use all commercially reasonable efforts to maintain and preserve its business, organization, properties, assets, goodwill and business relationships.

Appears in 2 contracts

Samples: Purchase Agreement, Share Purchase Agreement

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Interim Period. 5.1 During the period commencing on the date hereof and ending on the Closing or earlier termination of this Agreement (the “Interim Period”), the Company shall, with the exception of the‌ the transactions contemplated herein, only conduct its business, operations and affairs, and shall not take any action except, in the ordinary and usual course of business consistent with past practice in all material respects and will not enter into any material transactions or incur any material liabilities or obligations without first obtaining the prior written consent of the Purchaser, which consent will not be unreasonably withheld or delayed, and will otherwise conduct its business, operations and affairs in compliance with all applicable laws and regulatory requirements and use all commercially reasonable efforts to maintain and preserve its business, organization, properties, assets, goodwill and business relationships.

Appears in 2 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement

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