Common use of Conduct Pending the Merger Clause in Contracts

Conduct Pending the Merger. Section 3.1. Conduct of Bayonne's Business Prior to the Effective ---------------------------------------------------- Time. Except as expressly provided in this Agreement, during the period from ---- the date of this Agreement to the Effective Time, Bayonne shall, and shall cause its Subsidiaries to, use commercially reasonable efforts to (i) conduct its business in the regular, ordinary and usual course consistent with past practice; (ii) maintain and preserve intact its business organization, properties, leases, employees and advantageous business relationships and retain the services of its officers and key employees, (iii) take no action which would adversely affect or delay the ability of Bayonne or RCFC to perform their respective covenants and agreements on a timely basis under this Agreement, (iv) take no action which would adversely affect or delay the ability of Bayonne, First Savings, RCFC or RCFC Bank to obtain any necessary approvals, consents or waivers of any governmental authority required for the transactions contemplated hereby or which would reasonably be expected to result in any such approvals, consents or waivers containing any material condition or restriction, and (v) take no action that results in or is reasonably likely to have a Material Adverse Effect on Bayonne or First Savings.