Common use of Best endeavours Clause in Contracts

Best endeavours. The Sellers with contractual rights to re-purchase Shares and Warrants, collectively represented by Nordic Capital, shall immediately after the date of this Agreement initiate contacts with the Minority Holders regarding the Sellers’ contractual rights to re-purchase the Shares and Warrants held by the Minority Holders. The Sellers, collectively represented by Nordic Capital, shall use their best endeavours to procure that the Minority Holders (i) prior to the Closing Date, enter into agreements with the relevant Sellers, represented by Nordic Capital, to sell their Shares and Warrants to the relevant Sellers; and (ii) prior to or at the latest on the Closing Date (but prior to Closing) transfer their Shares and Warrant to the relevant Sellers, represented by Nordic Capital.