Maintenance of Employee and Customer Relations. During the period from the date of this Agreement and continuing until the Closing, the Seller shall use its best commercial efforts to retain the services and goodwill of the employees of the Business and to maintain the goodwill of its customers, and shall not take, nor permit any manager, officer, employee, agent or independent contractor of the Seller to take, any action (i) with respect to any employee, which action is intended to solicit, entice, persuade or induce such employee to terminate his or her employment with the Seller which action is in contravention of the foregoing requirements, and (ii) with respect to its customers, which action is intended to cause its customers, to terminate or substantially diminish their business dealings with the Seller which action is in contravention of the foregoing requirements.
Appears in 2 contracts
Sources: Asset Purchase Agreement (SpendSmart Payments Co), Asset Purchase Agreement (SpendSmart Payments Co)
Maintenance of Employee and Customer Relations. During the period from the date of this Agreement and continuing until the Closing, the Seller Sellers shall use its their best commercial efforts to retain the services and goodwill of the employees of the Business and the Assets and to maintain the goodwill of its customers, and shall not take, nor permit any manager, officer, employee, agent or independent contractor of the Seller Sellers to take, any action (i) with respect to any employee, which action is intended to solicit, entice, persuade or induce such employee to terminate his or her employment with the Seller Sellers which action is in contravention of the foregoing requirements, and (ii) with respect to its customers, which action is intended to cause its customers, to terminate or substantially diminish their business dealings with the Seller Sellers which action is in contravention of the foregoing requirements.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Chanticleer Holdings, Inc.), Asset Purchase Agreement (Chanticleer Holdings, Inc.)
Maintenance of Employee and Customer Relations. During the period from the date of this Agreement and continuing until to the Closing, the Seller shall use its best all reasonable commercial efforts to retain the services and goodwill of the its employees of the Business and to maintain the goodwill of its customers, and shall not take, nor permit any managerdirector, officer, employee, agent or independent contractor of the Seller to take, any action (i) with respect to any employee, which action is intended to solicit, entice, persuade or induce such employee to terminate his or her its employment with the Seller which action is in contravention of the foregoing requirements, and (ii) with respect to its customers, which action is intended to cause its customers, to terminate or substantially diminish their business dealings with the Seller which action is in contravention of the foregoing requirements.
Appears in 1 contract
Maintenance of Employee and Customer Relations. During the period from the date of this Agreement and continuing until the Closing, the Seller shall use its best commercial efforts to retain the services and goodwill of the employees of the Business and the Assets and to maintain the goodwill of its customers, and shall not take, nor permit any manager, officer, employee, agent or independent contractor of the Seller to take, any action (i) with respect to any employee, which action is intended to solicit, entice, persuade or induce such employee to terminate his or her employment with the Seller which action is in contravention of the foregoing requirements, and (ii) with respect to its customers, which action is intended to cause its customers, to terminate or substantially diminish their business dealings with the Seller which action is in contravention of the foregoing requirements.
Appears in 1 contract
Sources: Asset Purchase Agreement (Spendsmart Networks, Inc.)