Common use of Compliance Remediation Clause in Contracts

Compliance Remediation. Except with respect to the Excluded Assets or Retained Liabilities, prior to the Closing, Sellers shall use reasonable best efforts to, and shall use reasonable best efforts to cause their Subsidiaries to use their reasonable best efforts to, cure in all material respects any instances of non-compliance with Laws or Orders, failures to possess or maintain Permits or defaults under Permits.

Appears in 10 contracts

Samples: Master Sale and Purchase Agreement, Master Sale and Purchase Agreement, Master Sale and Purchase Agreement

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Compliance Remediation. Except with respect to the Excluded Assets or Retained Excluded Liabilities, prior to the Closing, Sellers shall use reasonable best efforts to, and Seller shall use reasonable best efforts to cause their Subsidiaries to use their reasonable best efforts to, cure in all material respects any instances of non-compliance with Laws or Orders, failures to possess or maintain Permits or defaults under Permits.

Appears in 1 contract

Samples: Asset Purchase Agreement (Lightyear Network Solutions, Inc.)

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