Common use of Conduct of Business Pending the Merger Clause in Contracts

Conduct of Business Pending the Merger. Except as expressly permitted by clauses (a) through (s) of this Section 4.1, during the period from the date of this Agreement until the Effective Time, the Company shall, and shall cause each of its Subsidiaries to, conduct, in all material respects, its business in the ordinary course of business consistent with past practice and, to the extent consistent therewith, use commercially reasonable efforts to preserve intact its current business organization, keep available the services of its current officers and employees and preserve its relationships with customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall be materially unimpaired at the Effective Time. Without limiting the generality of the foregoing, and except (i) as otherwise expressly contemplated by this Agreement, (ii) as reasonably contemplated to comply with the Company’s or the Board of Directors’ of the Company fiduciary obligations in a manner consistent with Section 4.3, (iii) as required by the terms of any Contract set forth on Section 4.1 of the Company Letter, in each case existing on the date hereof between the Company or any of its Subsidiaries and any other Person or (iv) as otherwise set forth in Section 4.1 of the Company Letter, the Company shall not, and shall not permit any of its Subsidiaries to, without the prior written consent of Parent (which shall not be unreasonably withheld, conditioned or delayed):

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Churchill Downs Inc), Agreement and Plan of Merger (Youbet Com Inc)

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Conduct of Business Pending the Merger. Except as expressly permitted by clauses (ai) through (sxix) of this Section 4.1, during the period from the date of this Agreement until through the Effective Time, the Company shall, and shall cause each of its Subsidiaries to, conduct, in all material respects, respects carry on its business in the ordinary course of its business consistent with past practice as currently conducted and, to the extent consistent therewith, use commercially reasonable best efforts to preserve intact its current business organization, keep available the services of its current officers and employees and preserve its relationships with customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall be materially unimpaired at the Effective Time. Without limiting the generality of the foregoing, and except (i) as otherwise expressly contemplated by this Agreement, (ii) Agreement or as reasonably contemplated to comply with the Company’s or the Board of Directors’ of the Company fiduciary obligations in a manner consistent with Section 4.3, (iii) as required by the terms of any Contract set forth on Section 4.1 of the Company Letter, in each case existing on the date hereof between the Company or any of its Subsidiaries and any other Person or (iv) as otherwise set forth in Section 4.1 of the Company LetterLetter (with specific reference to the applicable subsection below), the Company shall not, and shall not permit any of its Subsidiaries to, without the prior written consent of Parent (which shall not be unreasonably withheld, conditioned or delayed):Parent:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Zamba Corp), Agreement and Plan of Merger (Technology Solutions Company)

Conduct of Business Pending the Merger. Except as expressly permitted by clauses (a) through (sr) of this Section 4.14.1 or as otherwise contemplated by this Agreement, during the period from the date of this Agreement until the earlier of the Effective TimeTime or the date on which this Agreement is terminated, the Company (x) Parent shall, and shall cause each of its Subsidiaries to, on the one hand, and (y) the Company shall, on the other hand, conduct, in all material respects, its their business in the ordinary course of business consistent with past practice and, to the extent consistent therewith, use commercially reasonable efforts to preserve intact its current business organization, keep available the services of its current officers and employees and preserve its relationships with customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall be materially unimpaired at the Effective Time. Without limiting the generality of the foregoing, and except (i) as otherwise expressly contemplated by this Agreement, (iix) as reasonably contemplated to comply with the Company’s or the Board of Directors’ of the Company fiduciary obligations in a manner consistent with Section 4.3, (iii) as required by the terms of any Contract set forth on Section 4.1 of the Company Letter, in each case existing on the date hereof between the Company or any of its Subsidiaries and any other Person or (iv) as otherwise set forth in Section 4.1 of the Company Letter, the Company Parent shall not, and shall not permit any of its Subsidiaries to, without the prior written consent of the Company (which shall not be unreasonably withheld, conditioned or delayed), and (y) the Company shall not, without the prior written consent Parent (which shall not be unreasonably withheld, conditioned or delayed):

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Ubiquity Broadcasting Corp), Agreement and Plan of Merger (Rimrock Gold Corp.)

Conduct of Business Pending the Merger. (a) Except as expressly permitted by clauses (ai) through (sxvii) of this Section 4.14.1(a), during the period from the date of this Agreement until through the Effective Time, the Company shall, and shall cause each of its Subsidiaries to, conduct, in all material respects, respects carry on its business in the ordinary course of its business consistent with past practice as currently conducted and, to the extent consistent therewith, use commercially reasonable best efforts to preserve intact its current business organizationorganizations, keep available the services of its current officers and employees and preserve its relationships with customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall be materially unimpaired at the Effective Time. Without limiting the generality of the foregoing, and except (i) as otherwise expressly contemplated by this Agreement, (ii) Agreement or as reasonably contemplated to comply with the Company’s or the Board of Directors’ of the Company fiduciary obligations in a manner consistent with Section 4.3, (iii) as required by the terms of any Contract set forth on Section 4.1 of the Company Letter, in each case existing on the date hereof between the Company or any of its Subsidiaries and any other Person or (iv) as otherwise set forth in Section 4.1 of the Company LetterLetter (with specific reference to the applicable subsection below), the Company shall not, and shall not permit any of its Subsidiaries to, without the prior written consent of Parent (which shall not be unreasonably withheld, conditioned or delayed):Parent:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Ciena Corp), Agreement and Plan of Merger (Tellabs Inc)

Conduct of Business Pending the Merger. (a) Except as expressly permitted by clauses (ai) through (sxix) of this Section 4.14.1(a), during the period from the date of this Agreement until through the Effective Time, the Company shall, and shall cause each of its Subsidiaries to, conduct, in all material respects, respects carry on its business in the ordinary course of its business consistent with past practice as currently conducted and, to the extent consistent therewith, use commercially reasonable best efforts to preserve intact its current business organizationorganizations, keep available the services of its current officers and employees and preserve its relationships with customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall be materially unimpaired at the Effective Time. Without limiting the generality of the foregoing, and except (i) as otherwise expressly contemplated by this Agreement, (ii) Agreement or as reasonably contemplated to comply with the Company’s or the Board of Directors’ of the Company fiduciary obligations in a manner consistent with Section 4.3, (iii) as required by the terms of any Contract set forth on Section 4.1 of the Company Letter, in each case existing on the date hereof between the Company or any of its Subsidiaries and any other Person or (iv) as otherwise set forth in Section 4.1 of the Company LetterLetter (with specific reference to the applicable subsection below), the Company shall not, and shall not permit any of its Subsidiaries to, without the prior written consent of Parent (which consent shall not be unreasonably withheld, conditioned or delayed):

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Tellabs Inc), Agreement and Plan of Merger (Advanced Fibre Communications Inc)

Conduct of Business Pending the Merger. (a) Except as expressly permitted by clauses (ai) through (sxix) of this Section 4.14.1(a), during the period from the date of this Original Agreement until Date through the Effective Time, the Company shall, and shall cause each of its Subsidiaries to, conduct, in all material respects, respects carry on its business in the ordinary course of its business consistent with past practice as currently conducted and, to the extent consistent therewith, use commercially reasonable best efforts to preserve intact its current business organizationorganizations, keep available the services of its current officers and employees and preserve its relationships with customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall be materially unimpaired at the Effective Time. Without limiting the generality of the foregoing, and except (i) as otherwise expressly contemplated by this Agreement, (ii) Agreement or as reasonably contemplated to comply with the Company’s or the Board of Directors’ of the Company fiduciary obligations in a manner consistent with Section 4.3, (iii) as required by the terms of any Contract set forth on Section 4.1 of the Company Letter, in each case existing on the date hereof between the Company or any of its Subsidiaries and any other Person or (iv) as otherwise set forth in Section 4.1 of the Company LetterLetter (with specific reference to the applicable subsection below), the Company shall not, and shall not permit any of its Subsidiaries to, without the prior written consent of Parent (which consent shall not be unreasonably withheld, conditioned or delayed):

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Tellabs Inc), Agreement and Plan of Merger (Advanced Fibre Communications Inc)

Conduct of Business Pending the Merger. (a) Except as expressly permitted by clauses (ai) through (sxxvii) of this Section 4.14.1(a), during the period from the date of this Agreement until through the Effective Time, the Company shall, and shall cause each of its Subsidiaries to, conduct, in all material respects, conduct its business in the ordinary course of business consistent with past practice and, to the extent consistent therewith, use commercially reasonable best efforts to preserve intact its current business organization, keep available the services of its current officers and employees and preserve its relationships with customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall be materially unimpaired at the Effective Time. Without limiting the generality of the foregoing, and except (i) as otherwise expressly contemplated by this Agreement, (ii) as reasonably contemplated to comply with the Company’s or the Board of Directors’ of the Company fiduciary obligations in a manner consistent with Section 4.3, (iii) as required by the terms of any Contract set forth on Section 4.1 of the Company Letter, in each case existing on the date hereof between the Company Law or any of its Subsidiaries and any other Person Regulatory Authority or (iv) as otherwise set forth in Section 4.1 of the Company LetterLetter (with specific reference to the applicable subsection below), the Company shall not, and shall not permit any of its Subsidiaries to, without the prior written consent of Parent CCBI (which consent shall not be unreasonably withheld, conditioned or delayed):

Appears in 1 contract

Samples: Agreement and Plan of Merger (Citizens Community Bancorp Inc.)

Conduct of Business Pending the Merger. (a) Except as expressly permitted by clauses (ai) through (sxvi) of this Section 4.1, during the period from the date of this Agreement until through the Effective Time, the Company shall, and shall cause each of its Subsidiaries to, conduct, in all material respects, carry on its business in the ordinary course of its business consistent with past practice as currently conducted and, to the extent consistent therewith, use commercially reasonable efforts to preserve intact its current business organizationorganizations, keep available the services of its current officers and employees and preserve its relationships with customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall be materially unimpaired at the Effective Timeit. Without limiting the generality of the foregoing, and except (i) as otherwise expressly contemplated by this Agreement, (ii) Agreement or as reasonably contemplated to comply with the Company’s or the Board of Directors’ of the Company fiduciary obligations in a manner consistent with Section 4.3, (iii) as required by the terms of any Contract set forth on Section 4.1 of the Company Letter, in each case existing on the date hereof between the Company or any of its Subsidiaries and any other Person or (iv) as otherwise set forth in Section 4.1 of the Company LetterLetter (with specific reference to the applicable subsection below), the Company shall not, and shall not permit any of its Subsidiaries to, without the prior written consent of Parent (which provided that with respect to clauses (v), (vi), (viii), (xi), (xiii) and (xiv) below, such consent shall not be unreasonably withheld, conditioned withheld or delayed):

Appears in 1 contract

Samples: Agreement and Plan of Merger (First Data Corp)

Conduct of Business Pending the Merger. Except as expressly permitted by clauses (ai) through (sxvi) of this Section 4.14.1 or as set forth in the Company Letter, during the period from the date of this Agreement until through the Effective Time, the Company shall, and shall cause each of its Subsidiaries to, conduct, in all material respects, to carry on its business in the ordinary course of its business consistent with past practice as currently conducted and, to the extent consistent therewith, use commercially reasonable best efforts to preserve intact its current business organizationorganizations, keep available the services of its current officers and employees and preserve its relationships with customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall be materially unimpaired at the Effective Time. Without limiting the generality of the foregoing, and except (i) as otherwise expressly contemplated by this Agreement, (ii) Agreement or as reasonably contemplated to comply with the Company’s or the Board of Directors’ of the Company fiduciary obligations in a manner consistent with Section 4.3, (iii) as required by the terms of any Contract set forth on Section 4.1 of the Company Letter, in each case existing on the date hereof between the Company or any of its Subsidiaries and any other Person or (iv) as otherwise set forth in Section 4.1 of the Company Letter, the Company shall not, and shall not permit any of its Subsidiaries to, without the prior written consent of Parent (which consent shall not be unreasonably withheld, conditioned withheld or delayed):

Appears in 1 contract

Samples: Agreement and Plan of Merger (Calpine Corp)

Conduct of Business Pending the Merger. Except as expressly permitted by clauses (ai) through (sxxviii) of this Section 4.1, during the period from the date of this Agreement until through the Effective Time, the Company shall, and shall cause each of its Subsidiaries to, conduct, in all material respects, conduct its business in the ordinary course of business consistent with past practice and, to the extent consistent therewith, use commercially reasonable best efforts to preserve intact its current business organization, keep available the services of its current officers and employees and preserve its relationships with customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall be materially unimpaired at the Effective Time. Without limiting the generality of the foregoing, and except (i) as otherwise expressly contemplated by this Agreement, (ii) Agreement or as reasonably contemplated to comply with the Company’s or the Board of Directors’ of the Company fiduciary obligations in a manner consistent with Section 4.3, (iii) as required by the terms of any Contract set forth on Section 4.1 of the Company Letter, in each case existing on the date hereof between the Company or any of its Subsidiaries and any other Person or (iv) as otherwise set forth in Section 4.1 of the Company LetterLetter (with specific reference to the applicable subsection below), the Company shall not, and shall not permit any of its Subsidiaries to, without the prior written consent of Parent (which shall not be unreasonably withheld, conditioned or delayed):Parent:

Appears in 1 contract

Samples: Agreement and Plan of Merger (North Central Bancshares Inc)

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Conduct of Business Pending the Merger. (a) Except as expressly permitted by clauses (ai) through (sxiii) of this Section 4.14.1(a), during the period from the date of this Agreement until through the Effective Time, the Company shall, and shall cause each of its Significant Subsidiaries to, conduct, in all material respects, respects carry on its business in the ordinary course of its business consistent with past practice as currently conducted and, to the extent consistent therewith, use commercially reasonable best efforts to preserve intact its current business organizationorganizations, keep available the services of its current officers and employees and preserve its relationships with customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall be materially unimpaired at the Effective Timeit. Without limiting the generality of the foregoing, and except (i) as otherwise expressly contemplated by this Agreement, (ii) as reasonably contemplated to comply with the Company’s or the Board of Directors’ of the Company fiduciary obligations in a manner consistent with Section 4.3, (iii) as required by the terms of any Contract set forth on Section 4.1 of the Company Letter, in each case existing on the date hereof between the Company Benefits Letter or any of its Subsidiaries and any other Person or (iv) as otherwise set forth in Section 4.1 of the Company Letter, the Company shall not, and shall not permit any of its Significant Subsidiaries to, without the prior written consent of Parent (Parent, which consent shall not be unreasonably withheld, conditioned withheld or delayed)::

Appears in 1 contract

Samples: Agreement and Plan of Merger (MFN Financial Corp)

Conduct of Business Pending the Merger. Except as -------------------------------------- expressly permitted by clauses (ai) through (sxviii) of this Section 4.1, during ----------- the period from the date of this Agreement until through the Effective Time, the Company and each of its Subsidiaries shall, and the Active Shareholders shall cause the Company and each of its Subsidiaries to, conduct, in all material respects, respects carry on its business in the ordinary course of its business consistent with past practice as currently conducted and, to the extent consistent therewith, use commercially reasonable efforts to preserve intact its current business organizationorganizations, keep available the services of its current officers and employees and preserve its relationships with customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall be materially unimpaired at the Effective Time. Without limiting the generality of the foregoing, and except (i) as otherwise expressly contemplated by this Agreement, (ii) as reasonably contemplated to comply with the Company’s or the Board of Directors’ of the Company fiduciary obligations in a manner consistent with Section 4.3, (iii) as required by the terms of any Contract set forth on Section 4.1 of the Company Letter, in each case existing on the date hereof between the Company or any of its Subsidiaries and any other Person or (iv) as otherwise set forth in Section 4.1 of the Company Letter, the Company shall not, and shall not permit any of its Subsidiaries to, without the prior written consent of Parent (which shall not be unreasonably withheld, conditioned or delayed):Parent:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Act Teleconferencing Inc)

Conduct of Business Pending the Merger. Except as expressly permitted by clauses paragraphs (a) through (sz) of this Section 4.1, during the period from the date of this Agreement until through the Effective Time, the Company shall, and shall cause each of its Subsidiaries to, conduct, in all material respects, conduct its business in the ordinary course of business consistent with past practice and, to the extent consistent therewith, use commercially reasonable best efforts to preserve intact its current business organization, preserve its assets and properties in good repair and condition, maintain insurance policies in such amounts and against such risks and losses as are currently in effect, maintain sufficient working capital, keep available the services of its current officers and employees and preserve its relationships with customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall be materially unimpaired at the Effective Time. Without limiting the generality of the foregoing, and except (i) as otherwise expressly contemplated by this Agreement, (ii) Agreement or as reasonably contemplated to comply with the Company’s or the Board of Directors’ of the Company fiduciary obligations in a manner consistent with Section 4.3, (iii) as required by the terms of any Contract set forth on Section 4.1 of the Company Letter, in each case existing on the date hereof between the Company or any of its Subsidiaries and any other Person or (iv) as otherwise set forth in Section 4.1 of the Company LetterLetter (with specific reference to the applicable subsection below), the Company shall not, and shall not permit any of its Subsidiaries to, without the prior written consent of Parent (which shall not be unreasonably withheld, conditioned or delayed):Parent:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Access Plans Inc)

Conduct of Business Pending the Merger. Except as expressly permitted by clauses (ai) through (sxvi) of this Section 4.1, during the period from the date of this Agreement until through the Effective Time, the Company shall, and shall cause each of its Subsidiaries to, conduct, in all material respects, respects carry on its business in the ordinary course of its business consistent with past practice as currently conducted and, to the extent consistent therewith, use commercially reasonable best efforts to preserve intact its current business organizationorganizations, keep available the services of its current officers and employees and preserve its relationships with customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall be materially unimpaired at the Effective Time. Without limiting the generality of the foregoing, and except (i) as otherwise expressly contemplated by this Agreement, (ii) Agreement or as reasonably contemplated to comply with the Company’s or the Board of Directors’ of the Company fiduciary obligations in a manner consistent with Section 4.3, (iii) as required by the terms of any Contract set forth on Section 4.1 of the Company Letter, in each case existing on the date hereof between the Company or any of its Subsidiaries and any other Person or (iv) as otherwise set forth in Section 4.1 of the Company LetterLetter (with specific reference to the applicable subsection below), the Company shall not, and shall not permit any of its Subsidiaries to, without the prior written consent of Parent (which consent shall not be unreasonably withheld, conditioned withheld or delayed):

Appears in 1 contract

Samples: Agreement and Plan of Merger (Life Usa Holding Inc /Mn/)

Conduct of Business Pending the Merger. Except as expressly permitted by clauses (a) through (sv) of this Section 4.1, during the period from the date of this Agreement until the Effective Time, the Company shall, and shall cause each of its Subsidiaries to, conduct, in all material respects, conduct its business in the ordinary course of business consistent with past practice (including with respect to research, development and clinical trial activities and programs) and, to the extent consistent therewith, use commercially reasonable efforts to preserve intact its current business organization, keep available the services of its current officers and employees and preserve its relationships with customers, suppliers and others having business dealings with it to the end intention that its goodwill and ongoing business shall be materially unimpaired at the Effective Time. Without limiting the generality of the foregoing, and except (i) as otherwise expressly contemplated by this Agreement, (ii) Agreement or as reasonably contemplated to comply with the Company’s or the Board of Directors’ of the Company fiduciary obligations in a manner consistent with Section 4.3, (iii) as required by the terms of any Contract set forth on Section 4.1 of the Company Letter, in each case existing on the date hereof between the Company or any of its Subsidiaries and any other Person or (iv) as otherwise set forth in Section 4.1 of the Company LetterLetter (with specific reference to the applicable subsection below), the Company shall not, and shall not permit any of its Subsidiaries to, without the prior written consent of Parent (which consent shall not be unreasonably withheld, conditioned or delayed):

Appears in 1 contract

Samples: Agreement and Plan of Merger (Synovis Life Technologies Inc)

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