Common use of Continued Operation of Business Clause in Contracts

Continued Operation of Business. Prior to the Closing, the Company will use commercially reasonable efforts (i) to preserve substantially intact the business organization of the Company, (ii) to keep available the services of the employees of the Company and (ii) to preserve the present relationships of the Company with persons having significant business relations therewith.

Appears in 1 contract

Sources: Stock Purchase Agreement (Conrad Industries Inc)

Continued Operation of Business. Prior to the Closing, the Company will will, to the extent required for the continued operation of the business of the Company, use commercially reasonable efforts (i) to preserve substantially intact the business organization of the Companyto, (iia) to keep available the services of the employees of the Company and (iib) to preserve the present relationships of the Company with persons having significant business relations therewith, including licensers, suppliers and customers.

Appears in 1 contract

Sources: Asset Purchase Agreement (Paradigm Geophysical LTD)