Common use of Preservation of Organization Clause in Contracts

Preservation of Organization. Seller shall use its reasonable best efforts, provided that no material expenditure is required, to preserve intact the business organization of the Business, to keep available the services of current employees of the Business and to preserve for Purchaser the present relationships of the Business with its suppliers and customers and others having business relations with the Business.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Paperclip Imaging Software Inc/De), Asset Purchase Agreement (Access Solutions International Inc)

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Preservation of Organization. Seller shall will use its commercially reasonable best efforts, provided that no material expenditure is requiredsubject to the restraints set forth in this Section 5.6, to preserve intact the business organization of the BusinessBusiness intact, to keep available the services of current employees of the Business and to preserve for Purchaser Buyer the present relationships of the Business with its suppliers and suppliers, customers and others having business relations with agents and to retain the Businesspresent officers and Employees of the Seller other than Kxxxx Xxxxx and Txx Xxxxxx, provided that Seller shall not be under any obligation to offer any payment or other inducement to any such officer or Employee to secure their availability to Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Elecsys Corp)

Preservation of Organization. Seller shall use its reasonable best efforts, provided that no material expenditure is required, efforts to preserve intact the business organization Business to keep available to Buyer the services of the employees of the Business, to keep available the services of current employees of the Business and to preserve for Purchaser the present Buyer Seller's favorable business relationships of the Business with its suppliers and suppliers, customers and others having with whom business relations with the Businessrelationships exist.

Appears in 1 contract

Samples: Asset Purchase Agreement (Dataflex Corp)

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Preservation of Organization. The Seller shall use its commercially reasonable best efforts, provided that no material expenditure is required, efforts to preserve intact the its business organization of the Business, to keep available the services of current employees of the Business intact and to preserve for Purchaser the Buyer the Seller's present relationships of the Business with its suppliers and customers and others having business relations with the BusinessSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (SFX Entertainment Inc)

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