Reasonable Commercial Efforts. The parties acknowledge and agree that, for all purposes of this Agreement, an obligation on the part of either party to use reasonable commercial efforts to obtain any waiver, consent, approval, permit, licence or other document shall not require such party to make any payment to any person for the purpose of procuring the same, other than payments for amounts due and payable to such person, payments for incidental expenses incurred by such person and payments required by any applicable law or regulation.
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Samples: Asset Purchase (Neutron Enterprises Inc), Asset Purchase (Sports Supplement Acquisition Group Inc.), Asset Purchase Agreement (Xfit Brands, Inc.)
Reasonable Commercial Efforts. The parties acknowledge and agree that, for all purposes of this Agreement, an obligation on the part of either party to use reasonable commercial efforts to obtain any waiver, consent, approval, permit, licence or other document shall not require such party to make any payment to any person for the purpose of procuring the same, other than payments for amounts due and payable to such person, payments for incidental expenses incurred by such person and payments required by any applicable law Applicable Law or regulation.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Ecotality, Inc.), Share Purchase Agreement (Ecotality, Inc.)
Reasonable Commercial Efforts. The parties acknowledge and agree that, for all purposes of this Agreement, an obligation on the part of either any party to use reasonable commercial efforts to obtain any waiver, consent, approval, permit, licence or other document shall not require such party to make any payment to any person for the purpose of procuring the same, other than payments for amounts due and payable to such person, payments for incidental expenses incurred by such person and payments required by any applicable law or regulation.
Appears in 1 contract
