Common use of Taking of Necessary Action Clause in Contracts

Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers or the Partnership, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction Agreements.

Appears in 5 contracts

Samples: Purchase Agreement (Gainsco Inc), Purchase Agreement (Goff John C), Purchase Agreement (NGL Energy Partners LP)

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Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers or the Partnershipother Parties, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction AgreementsBasic Documents.

Appears in 5 contracts

Samples: Unit Purchase Agreement (Enterprise GP Holdings L.P.), Unit Purchase Agreement (Rio Vista Energy Partners Lp), Unit Purchase Agreement (Legacy Reserves Lp)

Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers or the Partnership, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction AgreementsBasic Documents.

Appears in 5 contracts

Samples: Common Unit Purchase Agreement, Common Unit Purchase Agreement (Rose Rock Midstream, L.P.), Common Unit Purchase Agreement (DCP Midstream Partners, LP)

Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, each of AMID and the Partnership and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers or the Partnershipother parties, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction AgreementsOperative Documents.

Appears in 4 contracts

Samples: Securities Purchase Agreement (American Midstream Partners, LP), Securities Purchase Agreement (American Midstream Partners, LP), Purchase Agreement (American Midstream Partners, LP)

Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreementthe Basic Documents. Without limiting the foregoing, the Partnership and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers or the Partnershipother parties, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction Agreementsthis Agreement.

Appears in 3 contracts

Samples: Series D Preferred Unit and Warrant (Teekay Offshore Partners L.P.), Series C Preferred Unit Purchase Agreement, Series C Preferred Unit Purchase Agreement (Teekay Offshore Partners L.P.)

Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers or the Partnershipother parties, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction Agreementsthis Agreement.

Appears in 2 contracts

Samples: Common Unit Purchase Agreement (Teekay Offshore Partners L.P.), Common Unit Purchase Agreement

Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership and each Class B Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Class B Purchasers or the Partnership, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction Agreements.

Appears in 2 contracts

Samples: Convertible Preferred Unit Purchase Agreement (Mid-Con Energy Partners, LP), Registration Rights Agreement (Mid-Con Energy Partners, LP)

Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership Enterprise Parties and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers or the Partnershipother parties, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction Agreementsthis Agreement.

Appears in 2 contracts

Samples: Ete Common Unit Purchase Agreement (Enterprise Products Partners L P), Ete Common Unit Purchase Agreement (Williams Randa Duncan)

Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership HEP and each Purchaser shall each use its commercially reasonable efforts to make all filings and obtain all consents of any Governmental Authorities Authority that may be necessary or, in the reasonable opinion of the Purchasers or the Partnershipother party, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction AgreementsBasic Documents.

Appears in 2 contracts

Samples: Common Unit Purchase Agreement (Holly Energy Partners Lp), Common Unit Purchase Agreement (Holly Energy Partners Lp)

Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts to promptly to take or cause to be taken all action and to promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreementthe Basic Documents. Without limiting the foregoing, the Partnership Optimer and Purchaser each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities Entities that may be necessary or, in the reasonable opinion of the Purchasers or the Partnershipother party, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction AgreementsBasic Documents.

Appears in 2 contracts

Samples: Convertible Preferred Stock Purchase Agreement (Cubist Pharmaceuticals Inc), Convertible Preferred Stock Purchase Agreement (Optimer Pharmaceuticals Inc)

Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this AgreementAgreement and the other Basic Documents. Without limiting the foregoing, the Partnership Company and each Purchaser shall PERM will use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers PERM or the PartnershipCompany, as the case may be, advisable for the consummation of the transactions contemplated by this Agreement and the Transaction Agreementsother Basic Documents.

Appears in 1 contract

Samples: Stock Purchase Agreement (Rock Energy Resources, Inc.)

Taking of Necessary Action. Each of the The Parties hereto shall use its their commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership and each Purchaser shall use its their commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers Purchaser or the Partnership, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction AgreementsBasic Documents.

Appears in 1 contract

Samples: Common Unit Purchase Agreement (New Source Energy Partners L.P.)

Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership Company and each Purchaser shall Holder will use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers each Holder or the PartnershipCompany, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction AgreementsDocuments.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Petrosearch Energy Corp)

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Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership Company and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers or the Partnershipother parties, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction Agreementsthis Agreement.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Teekay Tankers Ltd.)

Taking of Necessary Action. (a) Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers or the Partnership, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction Agreements.

Appears in 1 contract

Samples: Registration Rights Agreement (Genesis Energy Lp)

Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreementthe Operative Documents. Without limiting the foregoing, the Partnership Company and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers or the Partnershipother parties, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction AgreementsOperative Documents.

Appears in 1 contract

Samples: Share Purchase Agreement (Teekay Corp)

Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership Company and each Purchaser shall the Subscriber will use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers Subscriber or the PartnershipCompany, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction AgreementsDocuments.

Appears in 1 contract

Samples: Subscription Agreement (Texas Rare Earth Resources Corp.)

Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, each of the Partnership Company and each Purchaser Purchaser, severally and not jointly, shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers or the Partnershiprelevant party hereto, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction AgreementsOperative Documents.

Appears in 1 contract

Samples: Share and Warrant Purchase Agreement (Globus Maritime LTD)

Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, each Party will, and the Partnership and the Selling Unitholder shall cause each Purchaser shall of its respective Subsidiaries to, use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers or the Partnership, as the case may beother Parties, advisable for the consummation of the transactions contemplated by this Agreement and the Transaction Agreementsother Basic Documents.

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Magellan Midstream Holdings Lp)

Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership Company and each Purchaser shall will use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers or the Partnership, as the case may berelevant parties, advisable for the consummation of the transactions contemplated by the Transaction AgreementsDocuments.

Appears in 1 contract

Samples: Note Purchase Agreement (SYNERGY RESOURCES Corp)

Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership Company and each the Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the Purchasers or the Partnershipother parties, as the case may be, advisable for the consummation of the transactions contemplated by the Transaction Agreementsthis Agreement.

Appears in 1 contract

Samples: Share Purchase Agreement (Flawless Management Inc.)

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