Common use of Governmental Approvals and Other Third-Party Consents Clause in Contracts

Governmental Approvals and Other Third-Party Consents. (a) Each party hereto shall, as promptly as possible, use commercially reasonable efforts to obtain, or cause to be obtained, all consents, authorizations, orders and approvals from all Governmental Authorities that may be or become necessary for its execution and delivery of this Agreement and the performance of its obligations pursuant to this Agreement. Each party shall cooperate fully with each other party and its Affiliates in promptly seeking to obtain all such consents, authorizations, orders and approvals, regulatory or otherwise. The parties hereto shall not willfully take any action that will have the effect of delaying, impairing or impeding the receipt of any required consents, authorizations, orders and approvals, regulatory or otherwise. Notwithstanding the foregoing, no party shall be required to initiate or otherwise become party to any litigation, or to agree to any modification of its business, in connection with obtaining any such consents, authorizations, orders or approvals.

Appears in 2 contracts

Samples: Stock Purchase Agreement (National Holdings Corp), Stock Purchase Agreement (National Holdings Corp)

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Governmental Approvals and Other Third-Party Consents. (a) Each From the Effective Date until the Closing, each party hereto shall, as promptly as possible, use its commercially reasonable efforts to obtain, or cause to be obtained, all consents, authorizations, orders and approvals from all Governmental Authorities that may be or become necessary for its execution and delivery of this Agreement and the performance of its obligations pursuant to this Agreement. Each party shall cooperate fully with each the other party and its Affiliates in promptly seeking to obtain all such consents, authorizations, orders and approvals, regulatory or otherwise. The parties hereto shall not willfully take any action that will have the effect of delaying, impairing or impeding the receipt of any required consents, authorizations, orders and approvals, regulatory or otherwise. Notwithstanding anything to the foregoingcontrary in this Agreement, no party the Buyer shall not be required obligated to initiate institute any litigation or otherwise become party incur any material expense or liability in order to any litigation, or to agree to any modification comply with the preceding provisions of its business, in connection with obtaining any such consents, authorizations, orders or approvalsthis Section 5.09.

Appears in 1 contract

Samples: Stock Contribution and Purchase Agreement (CNL Strategic Capital, LLC)

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Governmental Approvals and Other Third-Party Consents. (a) Each party hereto shall, as promptly as possible, use commercially its reasonable best efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things reasonably necessary, proper or advisable under applicable Law to consummate and make effective the transactions contemplated hereby and by the other Transaction Documents, including using reasonable best efforts to obtain, or cause to be obtained, all consents, authorizations, orders orders, approvals and approvals other confirmations from all Governmental Authorities that may be or become necessary for its execution and delivery of this Agreement and the performance of its obligations pursuant to this Agreement. Each party shall cooperate fully with each the other party and its Affiliates in promptly seeking to obtain all such consents, authorizations, orders orders, approvals and approvals, regulatory or otherwiseother confirmations. The parties hereto shall not willfully take any action that will have the effect of delaying, impairing or impeding the receipt of any required consents, authorizations, orders orders, approvals and approvals, regulatory or otherwise. Notwithstanding the foregoing, no party shall be required to initiate or otherwise become party to any litigation, or to agree to any modification of its business, in connection with obtaining any such consents, authorizations, orders or approvalsother confirmations.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Local Bounti Corporation/De)

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