Conduct of Permal’s Business. Except # for the steps provided for in the Permal Restructuring Steps (and related actions incidental thereto), # as expressly contemplated in this Agreement or in an Ancillary Document executed prior to the Closing, # as set forth in [Section 6.1(b)] of the Permal Disclosure Schedule or # as expressly consented to in writing by the EnTrust Contributor, to the extent permitted by the HSR Act or similar antitrust Laws, the Permal Contributor shall (and shall cause each Permal Entity to): # conduct its business in the Ordinary Course of Business, # use commercially reasonable efforts to # preserve its present business and operations intact, # maintain in full force and effect all of its presently existing insurance coverage described in [Section 5.26(a)] of the Permal Disclosure Schedule, or insurance equivalent to such existing coverage, # maintain in full force and effect all Permits described on [Section 5.12(b)] of the Permal Disclosure Schedule, # keep available the present services of its officers and employees and # preserve its rights, franchises, goodwill and relations with clients, investors, customers, landlords, suppliers and others with whom such Person does business and # not take any Restricted Action.

Conduct of Permal’EnTrust’s Business. Except # for the steps provided for in the PermalEnTrust Restructuring Steps (and related actions incidental thereto), # as expressly contemplated in this Agreement or in an Ancillary Document executed prior to the Closing, # as set forth in [Section 6.1(b)a)] of the PermalEnTrust Disclosure Schedule or # as expressly consented to in writing by the EnTrustPermal Contributor, to the extent permitted by the HSR Act or similar antitrust Laws, the PermalEnTrust Contributor shall (and shall cause each PermalEnTrust Entity to): # conduct its business in the Ordinary Course of Business, # use commercially reasonable efforts to # preserve its present business and operations intact, # maintain in full force and effect all of its presently existing insurance coverage described in [Section 5.4.26(a)] of the PermalEnTrust Disclosure Schedule, or insurance equivalent to such existing coverage, # maintain in full force and effect all Permits described on [Section 5.4.12(b)] of the PermalEnTrust Disclosure Schedule, # keep available the present services of its officers and employees and # preserve its rights, franchises, goodwill and relations with clients, investors, customers, landlords, suppliers and others with whom such Person does business and # not take any Restricted Action.