Subco and Subco2 Clause Samples

Subco and Subco2. Subco and Subco2 shall be validly subsisting and in good standing under Applicable Delaware Law immediately prior to the Merger. Mira covenants and agrees that Subco and Subco2 shall not carry on any business and shall not enter into any contracts, agreements, commitments, indentures or other instruments prior to the Closing Date other than as required to effect the Merger or the Subsequent Merger, as applicable.