Common use of Consents and Estoppels Clause in Contracts

Consents and Estoppels. From and after the date which is thirty (30) days prior to the Closing Date, Seller agrees to cooperate with Buyer, in attempting to give all notices and to use reasonable efforts to assist the Buyer in obtaining all third party consents that Buyer may reasonably request in connection with the transactions contemplated by this Agreement, including but not limited to governmental authorities and third party payors, and, if requested by Buyer, Seller shall use reasonable efforts to cooperate with Buyer to obtain an estoppel certificate from each of the lessors of the Leases, in form and substance reasonably acceptable to the Buyer, each of which shall provide, among other things, that the applicable lease is in full force and effect, that Seller is not in default under such lease, and, if applicable, that the lessor consents to the assignment of such lease to the Buyer.

Appears in 5 contracts

Samples: Asset Acquisition Agreement (University General Health System, Inc.), Asset Acquisition Agreement (University General Health System, Inc.), Asset Acquisition Agreement (University General Health System, Inc.)

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