Common use of Future Documentation Clause in Contracts

Future Documentation. The parties hereto and their respective representatives and advisors will use their best efforts in good faith to prepare and finalize appropriate definitive documentation as soon as is practicable to implement the undertakings and related matters contemplated by this Memorandum of Understanding. Such definitive documentation shall be in all respects consistent with the terms and conditions set forth herein, shall contain representations and warranties as indicated in Section IV below and such other representations, warranties, covenants and other terms and conditions as are customary and appropriate for transactions of this type and otherwise shall be reasonably acceptable to each of the parties. The parties each shall use their respective best efforts in good faith to obtain all necessary governmental, judicial and third party consents required to implement any of the matters contemplated herein, and agree that such parties' mutual objective is enter into definitive documentation (subject to the matters discussed above) as soon as is practicable.