Common use of Normal Operations Clause in Contracts

Normal Operations. Subject to the terms and conditions of this Agreement (including, without limitation, Section 5.1), (i) carry on the Consulting Division businesses and activities, in the usual and ordinary course of business consistent with Seller's past business practices and with customary practices in the industry; (ii) use its best efforts to preserve its present business organization and relationships; (iii) pay or otherwise satisfy all of its obligations (cash and barter) as they come due and payable; (iv) maintain all of its properties in customary repair, order and condition; (v) maintain its books of account, records, and files in substantially the same manner as heretofore; and (vi) pay the full salary of and any and all other compensation due to each Consulting Division employee through the Closing Date.

Appears in 1 contract

Sources: Asset Sale and Purchase Agreement (Delsoft Consulting Inc)

Normal Operations. Subject to the terms and conditions of this Agreement (including, without limitation, Section 5.1SECTION 6.1), (i) carry on the Consulting Enterprise Division businesses and activities, in the usual and ordinary course of business consistent with Seller's past business practices and with customary practices in the software industry; (ii) use its best efforts to preserve its present business organization and relationships; (iii) pay or otherwise satisfy all of its obligations (cash and barter) as they come due and payable; (iv) maintain all of its properties in customary repair, order and condition; (v) maintain its books of account, records, and files in substantially the same manner as heretofore; and (vi) pay the full salary of and any and all other compensation due to each Consulting Enterprise Division employee through the Closing Date.

Appears in 1 contract

Sources: Asset Sale and Purchase Agreement (Merant PLC)

Normal Operations. Subject to the terms and conditions of this Agreement (including, without limitation, Section 5.16.1), (i) carry on the Consulting Enterprise Division businesses and activities, in the usual and ordinary course of business consistent with Seller's past business practices and with customary practices in the software industry; (ii) use its best efforts to preserve its present business organization and relationships; (iii) pay or otherwise satisfy all of its obligations (cash and barter) as they come due and payable; (iv) maintain all of its properties in customary repair, order and condition; (v) maintain its books of account, records, and files in substantially the same manner as heretofore; and (vi) pay the full salary of and any and all other compensation due to each Consulting Enterprise Division employee through the Closing Date.

Appears in 1 contract

Sources: Asset Sale and Purchase Agreement (Netobjects Inc)