Common use of Conduct of Business Pending Closing Date Clause in Contracts

Conduct of Business Pending Closing Date. From the date of this Agreement and until the earlier of the Closing Date or the termination of this Agreement, the Seller shall: (a) conduct business at the Branch in the ordinary course substantially in the manner as conducted on the date of this Agreement, except for activities or transactions contemplated by this Agreement; (b) not take any action or fail to take any action outside of the ordinary course of business which will materially and adversely affect the business relationship of the customers attributed to the Branch with the Seller or the Purchaser; (c) except as set forth in Exhibit 3.19 hereto, not grant any increase in pay or benefits to any of the Employees of the Branch; (d) not enter into any employment, severance or similar agreement with any of the Employees of the Branch; (e) not hire any new employees at the Branch or transfer any employees to the Branch (i) except as is necessary in the Seller’s business judgment to operate the Branch, or (ii) otherwise with the prior written consent of the Purchaser; (f) continue to have the right and ability to terminate, with or without cause, any Employees of the Seller assigned to the Branch prior to the Closing Date; (g) cooperate with, and assist, Purchaser in the orderly transition of the Branch to Purchaser; and (h) maintain deposit rates substantially in accord with past standards and practices.

Conduct of Business Pending Closing Date. From the date of this Agreement and until the earlier of the Closing Date or the termination of this Agreement, the Seller shall: (a) conduct business at the Branch Branches in the ordinary course substantially in the manner as conducted on the date of this Agreement, except for activities or transactions contemplated by this Agreement; (b) not take any action or fail to take any action outside of the ordinary course of business which will materially and adversely affect the business relationship of the customers attributed to the Branch Branches with the Seller or the PurchaserSeller; (c) except as set forth in Exhibit 3.19 2.19 hereto, not grant any increase in pay or benefits to any of the Employees of the BranchBranches; (d) not enter into any employment, severance or similar agreement with any of the Employees of the BranchBranches; (e) not hire any new employees at the Branch Branches or transfer any employees to the Branch Branches (i) except as is reasonably necessary in the Seller’s 's business judgment to operate the BranchBranches, or (ii) otherwise with the prior written consent of the Purchaser; (f) continue to have the right and ability to terminate, with or without cause, any Employees of the Seller assigned to the Branch Branches prior to the Closing Date;; and (g) cooperate with, and assist, Purchaser in the orderly transition of the Branch Branches to Purchaser; and (h) maintain deposit rates substantially in accord with past standards and practices.

Conduct of Business Pending Closing Date. From the date of this Agreement and until the earlier of the Closing Date or the termination of this Agreement, the Seller shall: (a) conduct business at the Branch Branches in the ordinary course substantially in the manner as conducted on the date of this Agreement, except for activities or transactions contemplated by this Agreement; (b) not take any action or fail to take any action outside of the ordinary course of business which will materially and adversely affect the business relationship of the customers attributed to the Branch Branches with the Seller or the PurchaserSeller; (c) except as set forth in Exhibit 3.19 2.19 hereto, not grant any increase in pay or benefits to any of the Employees of the BranchBranches; (d) not enter into any employment, severance or similar agreement with any of the Employees of the BranchBranches; (e) not hire any new employees at the Branch Branches or transfer any employees to the Branch Branches (i) except as is reasonably necessary in the Seller’s business judgment to operate the BranchBranches, or (ii) otherwise with the prior written consent of the Purchaser; (f) continue to have the right and ability to terminate, with or without cause, any Employees of the Seller assigned to the Branch Branches prior to the Closing Date;; and (g) cooperate with, and assist, Purchaser in the orderly transition of the Branch Branches to Purchaser; and (h) maintain deposit rates substantially in accord with past standards and practices.