Common use of Retention of Goodwill Clause in Contracts

Retention of Goodwill. During the Pre-Effective Date Period, OncoGenex and Sonus will, subject to the fact that the Arrangement and related transactions are contemplated hereby, continue to carry on business in the ordinary course, working to preserve the attendant goodwill of the Companies and to contribute to retention of that goodwill to and after the Effective Date. The following provisions of this Section 5 are intended to be in furtherance of this general commitment, subject to the fact that the Arrangement and related transactions are contemplated hereby.

Appears in 2 contracts

Sources: Arrangement Agreement (Sonus Pharmaceuticals Inc), Arrangement Agreement (GrowthWorks Capital Ltd.)