Common use of Separate Subsidiary Clause in Contracts

Separate Subsidiary. Parent and the Stockholders agree that from and after the Closing Date through September 30, 2000 (the "Earn-Out Period"), Parent shall cause the operations of the Surviving Corporation to be conducted and managed as a separate subsidiary, in substantially the same manner (except as modified by the provisions of Section 7.2 below) as the operations of the Company were conducted prior to the Closing Date.

Appears in 2 contracts

Sources: Merger Agreement (Agency Com LTD), Merger Agreement (Agency Com LTD)