Common use of Operation of Business Clause in Contracts

Operation of Business. Except as contemplated by this Agreement, during the period from the date of this Agreement to the Effective Time, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective Time, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):

Appears in 6 contracts

Samples: Agreement and Plan of Merger (Invivo Therapeutics Holdings Corp.), Agreement and Plan of Merger and Reorganization (22nd Century Group, Inc.), Agreement and Plan of Merger and Reorganization (Invivo Therapeutics Holdings Corp.)

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Operation of Business. Except as contemplated by this Agreement, during the period from the date of this Agreement to the Effective Time, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective Time, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):Buyer:

Appears in 5 contracts

Samples: Loan and Security Agreement (Unisphere Networks Inc), Agreement and Plan of Merger (Silverstream Software Inc), Agreement and Plan of Merger (Network Engines Inc)

Operation of Business. Except as contemplated by this Agreement, during the period from the date of this Agreement to the Effective TimeClosing, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective TimeClosing, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):Parent:

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Quality Systems Inc), Restricted Stock Agreement (Tvi Corp), Agreement and Plan of Merger (Quality Systems Inc)

Operation of Business. Except as contemplated by this Agreement, during the period from the date of this Agreement to the Effective Time, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not not, except as expressly contemplated by this Agreement, be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective Time, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):

Appears in 3 contracts

Samples: Agreement and Plan of Merger and Reorganization (Lifeapps Digital Media Inc.), Agreement and Plan of Merger and Reorganization (Boldface Group, Inc.), Agreement and Plan of Merger and Reorganization (Organovo Holdings, Inc.)

Operation of Business. Except as contemplated by this AgreementAgreement or as set forth in Schedule 4.4, during the period from the date of this Agreement to the Effective Time, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective Time, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):

Appears in 3 contracts

Samples: Agreement and Plan of Merger and Reorganization (Anvex International, Inc.), Agreement and Plan of Merger and Reorganization (Dynastar Holdings, Inc.), Agreement and Plan of Merger and Reorganization (Visual Network Design, Inc.)

Operation of Business. Except as contemplated by this AgreementAgreement (including the Disclosure Schedule), during the period from the date of this Agreement to the Effective Time, the Company shall conduct its operations in the Ordinary Course of Business and in material substantial compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, normal wear and tear excepted, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, except as provided herein, prior to the Effective Time, the Company shall not, without the written consent of the Parent Buyer, which consent, in the cases of clauses (which c), (h), (k) or (n), shall not be unreasonably withheld or delayed):withheld:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Staples Inc), Agreement and Plan of Merger (Staples Inc)

Operation of Business. Except as contemplated by this Agreement, during the period from the date of this Agreement to the Effective TimeClosing, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective TimeClosing, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):Buyer:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (I Many Inc), Agreement and Plan of Merger (Network Engines Inc)

Operation of Business. Except as contemplated by this AgreementAgreement and except as set forth on Schedule 2.7, during the period from the date of this Agreement to the Effective Time, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts all reasonable efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective Time, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):Buyer:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Smaha Stephen E), Agreement and Plan of Merger (Trusted Information Systems Inc)

Operation of Business. Except as contemplated by this Agreement, during the period from the date of this Agreement to the Effective Time, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts all reasonable efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective Time, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):Buyer:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Visual Networks Inc), Agreement and Plan of Merger (Visual Networks Inc)

Operation of Business. Except as contemplated by this Agreement, during the period from the date of this Agreement to the Effective TimeClosing, the Company shall conduct its operations in the Ordinary Course ordinary course of Business business consistent with past practice and in material compliance with all applicable laws and regulations andLaws, to the extent consistent therewith, use its Reasonable Best Efforts best efforts to preserve intact its current business organization, keep its physical assets in good working condition, keep available the services of its current officers and employees and preserve its relationships with Governmental Bodies, customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective TimeClosing, the Company shall not, without the written consent of Purchaser, take any of the Parent (which shall not be unreasonably withheld or delayed):following actions:

Appears in 2 contracts

Samples: Stock Purchase Agreement (Rennova Health, Inc.), Stock Purchase Agreement (Medytox Solutions, Inc.)

Operation of Business. Except as contemplated required by this Agreement, during the period from the date of this Agreement until the earlier of the Closing or a termination of this Agreement pursuant to the Effective TimeArticle VII, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations Laws and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to during the Effective Timeperiod from the date of this Agreement until the Closing, the Company shall not, without except as required by this Agreement or with the prior written consent of the Parent (which shall not be unreasonably withheld or delayed):Buyer:

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Red Hat Inc)

Operation of Business. Except as contemplated by this Agreement, during the period from the date of this Agreement to the Effective Time, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective Time, the Company shall not, not without the written consent of the Parent (which shall not be unreasonably withheld or delayed):Buyer:

Appears in 1 contract

Samples: Agreement and Plan of Merger (I Many Inc)

Operation of Business. Except as contemplated by this Agreement, during the period from the date of this Agreement to the Effective TimeClosing, the Company shall conduct its operations in the Ordinary Course of Business and in compliance in all material compliance respects with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective TimeClosing, the Company shall not, without except in accordance with the terms of this Agreement, as set forth in Section 4.3 of the Disclosure Schedule or with the written consent of the Parent (Buyer, which shall will not be unreasonably withheld or delayed)::

Appears in 1 contract

Samples: Agreement and Plan of Merger (Neutron Enterprises Inc)

Operation of Business. Except as contemplated by this AgreementAgreement or as set forth in Schedule 4.4, during the period from the date of this Agreement to the Effective Time, the Seller shall ensure that each Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective Time, neither the Seller nor either Company shall notshall, without the prior written consent of the Parent (which shall not be unreasonably withheld or delayed):

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Eastern Resources, Inc.)

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Operation of Business. Except as contemplated by this Agreement, during the period from the date of this Agreement to the Effective Time, the Company shall conduct its operations in the Ordinary Course of Business and in compliance in all material compliance respects with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective Time, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):Buyer:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Be Free Inc)

Operation of Business. Except as contemplated by this Agreement, or as set forth on Schedule 4.3, during the period from the date of this Agreement to the Effective Time, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts all reasonable efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior during the period from the date of this Agreement to the Effective Time, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):Buyer:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Professional Detailing Inc)

Operation of Business. Except as contemplated by this AgreementAgreement --------------------- (including without limitation Section 4.10), during the period from the date of this Agreement to the Effective Time, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts all reasonable efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to from the date hereof through the Effective Time, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):Buyer:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ss&c Technologies Inc)

Operation of Business. Except as contemplated by this Agreement, during the period from the date of this Agreement to the Effective TimeClosing, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, keep available the services of its current officers and employees and preserve its relationships with material customers, suppliers and others having business dealings with it to the end that its goodwill and ongoing business shall not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective TimeClosing, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):Buyer:

Appears in 1 contract

Samples: Agreement and Plan of Merger (TechTarget Inc)

Operation of Business. Except as contemplated by this AgreementAgreement (including without limitation Section 4.10), during the period from the date of this Agreement to the Effective Time, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts all reasonable efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to from the date hereof through the Effective Time, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):Buyer:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Shepro Robert C)

Operation of Business. Except as contemplated by this Agreement, during the period from the date of this Agreement to the Effective Time, the Company shall conduct its operations in the Ordinary Course of Business and in compliance in all material compliance respects with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts reasonable efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective Time, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):Buyer:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Millennium Pharmaceuticals Inc)

Operation of Business. Except as contemplated by this Agreement, during the period from the date of this Agreement to the Effective TimeClosing, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective TimeClosing, the Company shall not, without the written consent of the Parent (which consent shall not be unreasonably withheld or delayedwithheld):

Appears in 1 contract

Samples: Agreement and Plan of Merger (Quality Systems Inc)

Operation of Business. Except as contemplated by this Agreement, during the period from the date of this Agreement to the Effective TimeClosing, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective TimeClosing, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):Buyer:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Suncrest Global Energy Corp)

Operation of Business. Except as contemplated by this Agreement, during the period from the date of this Agreement to the Effective Time, the Company shall conduct its operations in the Ordinary Course of Business and in material compliance with all applicable laws and regulations and, to the extent consistent therewith, use its Reasonable Best Efforts to preserve intact its current business organization, keep its physical assets in good working condition, 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 not be impaired in any material respect. Without limiting the generality of the foregoing, prior to the Effective Time, the Company shall not, without the written consent of the Parent (which shall not be unreasonably withheld or delayed):Buyer:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Silverstream Software Inc)

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