Common use of Taking of Necessary Action Clause in Contracts

Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the other Parties, as the case may be, advisable for the consummation of the transactions contemplated by the Basic Documents.

Appears in 5 contracts

Samples: Securities Purchase Agreement (El Paso Pipeline Partners, L.P.), Unit Purchase Agreement (Enterprise GP Holdings L.P.), Unit Purchase Agreement (Legacy Reserves Lp)

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Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the other PartiesPurchasers or the Partnership, as the case may be, advisable for the consummation of the transactions contemplated by the Basic DocumentsTransaction Agreements.

Appears in 5 contracts

Samples: Purchase Agreement (Gainsco Inc), Purchase Agreement (NGL Energy Partners LP), Common Unit Purchase Agreement (NGL Energy Partners LP)

Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the other PartiesPurchasers or the Partnership, as the case may be, advisable for the consummation of the transactions contemplated by the Basic Documents.

Appears in 4 contracts

Samples: Common Unit Purchase Agreement (DCP Midstream Partners, LP), Common Unit Purchase Agreement (Rose Rock Midstream, L.P.), Common Unit Purchase Agreement (DCP Midstream Partners, LP)

Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreementthe Basic Documents. Without limiting the foregoing, the Partnership and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the other Partiesparties, as the case may be, advisable for the consummation of the transactions contemplated by the Basic Documentsthis Agreement.

Appears in 3 contracts

Samples: Series C Preferred Unit Purchase Agreement, Series D Preferred Unit and Warrant (Teekay Offshore Partners L.P.), Series C Preferred Unit Purchase Agreement (Teekay Offshore Partners L.P.)

Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership and each Class B Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the other PartiesClass B Purchasers or the Partnership, as the case may be, advisable for the consummation of the transactions contemplated by the Basic DocumentsTransaction Agreements.

Appears in 2 contracts

Samples: Convertible Preferred Unit Purchase Agreement (Mid-Con Energy Partners, LP), Registration Rights Agreement (Mid-Con Energy Partners, LP)

Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts to promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Each of the Partnership and the Purchasers agree to execute and deliver all such documents or instruments, to take all appropriate action it determines to be necessary, proper or advisable under applicable Laws and regulations or as otherwise reasonably requested by the other to consummate the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the other PartiesPurchasers or the Partnership, as the case may be, advisable for the consummation of the transactions contemplated by the Basic DocumentsTransaction Agreements.

Appears in 2 contracts

Samples: Purchase Agreement (NGL Energy Partners LP), Purchase Agreement (NGL Energy Partners LP)

Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership Enterprise Parties and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the other Partiesparties, as the case may be, advisable for the consummation of the transactions contemplated by the Basic Documentsthis Agreement.

Appears in 2 contracts

Samples: Ete Common Unit Purchase Agreement (Williams Randa Duncan), Ete Common Unit Purchase Agreement (Enterprise Products Partners L P)

Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the other Partiesparties, as the case may be, advisable for the consummation of the transactions contemplated by the Basic Documentsthis Agreement.

Appears in 2 contracts

Samples: Common Unit Purchase Agreement (Teekay Offshore Partners L.P.), Common Unit Purchase Agreement

Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership Company and each Purchaser shall the Subscriber will use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the other PartiesSubscriber or the Company, as the case may be, advisable for the consummation of the transactions contemplated by the Basic Transaction Documents.

Appears in 1 contract

Samples: Subscription Agreement (Texas Rare Earth Resources Corp.)

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Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership Company and each the Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the other Partiesparties, as the case may be, advisable for the consummation of the transactions contemplated by the Basic Documentsthis Agreement.

Appears in 1 contract

Samples: Share Purchase Agreement (Flawless Management Inc.)

Taking of Necessary Action. (a) Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the other PartiesPurchasers or the Partnership, as the case may be, advisable for the consummation of the transactions contemplated by the Basic DocumentsTransaction Agreements.

Appears in 1 contract

Samples: Registration Rights Agreement (Genesis Energy Lp)

Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this AgreementAgreement and the other Basic Documents. Without limiting the foregoing, the Partnership Company and each Purchaser shall PERM will use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of PERM or the other PartiesCompany, as the case may be, advisable for the consummation of the transactions contemplated by this Agreement and the other Basic Documents.

Appears in 1 contract

Samples: Stock Purchase Agreement (Rock Energy Resources, Inc.)

Taking of Necessary Action. Each of the Parties parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership Company and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the other Partiesparties, as the case may be, advisable for the consummation of the transactions contemplated by the Basic Documentsthis Agreement.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Teekay Tankers Ltd.)

Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, the Partnership Company and each Purchaser shall Holder will use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of each Holder or the other PartiesCompany, as the case may be, advisable for the consummation of the transactions contemplated by the Basic Transaction Documents.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Petrosearch Energy Corp)

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