Common use of Continuity and Maintenance of Operations Clause in Contracts

Continuity and Maintenance of Operations. Until the consummation of the Final Closing, each Party agrees to use its reasonable efforts consistent with its past practices and policies to (a) preserve intact in all material respects those assets of its present business operations expected to be made available (through service or license agreements or otherwise) or contributed to the Partnership at the Closings, (b) retain in all material respects the services of such Party’s employees or independent contractors who are expected to render services to the Partnership or who are otherwise expected to be an integral part of the services to be provided by such Party to the Partnership, and (c) preserve in all material respects its relationships with customers, suppliers, vendors, distributors, licensors, licensees, and others having material business relationships in connection with that portion of such Party’s business operations expected to be made available (through services or license agreements or otherwise) or contributed to the Partnership at the Closings.