Common use of Obligation to Close Clause in Contracts

Obligation to Close. Buyer shall take or cause to be taken all reasonable actions necessary or advisable to (i) consummate the transactions contemplated by this Agreement and to assure as of the Closing Date that it will not be under any material, corporate, legal, governmental or contractual restriction that would prohibit or delay the timely consummation of such transactions and (ii) upon request of Seller, use reasonable efforts to assist and cooperate with Seller in acquiring consents to the transaction contemplated by this Agreement from any party that requires consent.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Goodrich Petroleum Corp)

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Obligation to Close. Buyer Seller shall take or cause to be taken all reasonable actions necessary or advisable to (i) consummate the transactions contemplated by this Agreement and to assure insure that as of the Closing Date that Time, it will not be under any material, material corporate, legal, governmental or contractual restriction that would prohibit or delay the timely consummation of such transactions and (ii) upon request of Seller, use reasonable efforts to assist and cooperate with Seller in acquiring consents to the transaction contemplated by this Agreement from any party that requires consenttransaction.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Wallen Calvin Iii), Purchase and Sale Agreement (Cubic Energy Inc)

Obligation to Close. Buyer Seller shall take or cause to be taken all reasonable actions necessary or advisable to (i) consummate the transactions contemplated by this Agreement and to assure as of the Closing Date that it will not be under any material, corporate, legal, governmental or contractual restriction that would prohibit or delay the timely consummation of such transactions and (ii) upon request of Seller, use reasonable efforts to assist and cooperate with Seller in acquiring consents to the transaction contemplated by this Agreement from any party that requires consenttransactions.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Goodrich Petroleum Corp)

Obligation to Close. Buyer shall take or cause to be taken all reasonable actions necessary or advisable to (i) consummate the transactions contemplated by this Agreement and to assure insure that as of the Closing Date that Time, it will not be under any material, material corporate, legal, governmental or contractual restriction that would prohibit or delay the timely consummation of such transactions and (ii) upon request of Seller, use reasonable efforts to assist and cooperate with Seller in acquiring consents to the transaction contemplated by this Agreement from any party that requires consenttransaction.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Wallen Calvin Iii), Purchase and Sale Agreement (Cubic Energy Inc)

Obligation to Close. Buyer Seller shall take or cause to be taken all reasonable actions necessary or advisable to (i) consummate the transactions contemplated by this Agreement and to assure that as of the Closing Date that it will not be under any material, corporatematerial company, legal, governmental or contractual restriction that would prohibit or delay the timely consummation of such transactions and (ii) upon request of Seller, use reasonable efforts to assist and cooperate with Seller in acquiring consents to the transaction contemplated by this Agreement from any party that requires consenttransactions.

Appears in 1 contract

Samples: Purchase and Sale Agreement (United States Exploration Inc)

Obligation to Close. Buyer Seller shall take or cause to be taken all reasonable actions necessary or advisable to (i) consummate the transactions contemplated by this Agreement and to assure that as of the Closing Date that it will not be under any material, corporate, legal, governmental or contractual restriction that would prohibit or delay the timely consummation of such transactions and (ii) upon request of Seller, use reasonable efforts to assist and cooperate with Seller in acquiring consents to the transaction contemplated by this Agreement from any party that requires consenttransactions.

Appears in 1 contract

Samples: Purchase, Sale and Participation Agreement (Matador Resources Co)

Obligation to Close. Buyer Seller shall take or cause to be taken all reasonable actions necessary or advisable to (i) consummate the transactions contemplated by this Agreement and to assure that as of the Closing Date that it will not be under any material, corporate, legal, governmental or contractual restriction that would prohibit or delay the timely consummation of such transactions and (ii) upon request of Seller, use reasonable efforts to assist and cooperate with Seller in acquiring consents to the transaction contemplated by this Agreement from any party that requires consenttransactions.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Oasis Petroleum Inc.)

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Obligation to Close. Buyer shall take or cause to be taken all reasonable actions necessary or advisable to (i) consummate the transactions contemplated by this Agreement and to assure that as of the Closing Date that it will not be under any material, corporatematerial company, legal, governmental or contractual restriction that would prohibit or delay the timely consummation of such transactions and (ii) upon request of Seller, use reasonable efforts to assist and cooperate with Seller in acquiring consents to the transaction contemplated by this Agreement from any party that requires consenttransactions.

Appears in 1 contract

Samples: Purchase and Sale Agreement (United States Exploration Inc)

Obligation to Close. Seller and Buyer each shall take or cause to be taken all reasonable actions necessary or advisable to (i) consummate the transactions contemplated by this Agreement and to assure that as of the Closing Date that it will not be under any material, material corporate, legal, governmental or contractual restriction that would prohibit or delay the timely consummation of such transactions and (ii) upon request of Seller, use reasonable efforts to assist and cooperate with Seller in acquiring consents to the transaction contemplated by this Agreement from any party that requires consenttransactions.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Crown Energy Corp)

Obligation to Close. Buyer Seller shall take or cause to be taken all reasonable actions necessary or advisable reasonable to (i) consummate the transactions contemplated by this Agreement and to assure that as of the Closing Date that it will not be under any material, material corporate, legal, governmental or contractual restriction that would prohibit or delay the timely consummation of such transactions and (ii) upon request of Seller, use reasonable efforts to assist and cooperate with Seller in acquiring consents to the transaction contemplated by this Agreement from any party that requires consenttransactions.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Reef Oil & Gas Income & Development Fund III LP)

Obligation to Close. Buyer shall take or cause to be taken all reasonable actions necessary or advisable to (i) consummate the transactions contemplated by this Agreement and to assure that as of the Closing Date that it will not be under any material, corporate, legal, governmental or contractual restriction that would prohibit or delay the timely consummation of such transactions and (ii) upon request of Seller, use reasonable efforts to assist and cooperate with Seller in acquiring consents to the transaction contemplated by this Agreement from any party that requires consenttransactions.

Appears in 1 contract

Samples: Purchase, Sale and Participation Agreement (Matador Resources Co)

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