Common use of Transferred Permits Clause in Contracts

Transferred Permits. Subject to Section 2.7 hereof, during the period prior to the Closing, Seller and Buyer shall use commercially reasonable efforts, and shall cooperate with each other, to secure any consents and approvals of any Governmental Body required to be obtained by them in order to assign or transfer any Governmental Permits to Buyer to permit the consummation of the transactions contemplated by this Agreement, or to otherwise satisfy the conditions set forth in Sections 8.3 and 9.3 hereof; provided, that Seller shall not make any agreement or understanding affecting the Purchased Assets or the Operations as a condition for obtaining any such consents or approvals without the prior written consent of Buyer, which consent shall not be unreasonably withheld.

Appears in 1 contract

Sources: Asset Purchase Agreement (Zhone Technologies Inc)

Transferred Permits. Subject to Section 2.7 hereof, during the ------------------- period prior to the Closing, Seller and Buyer shall use commercially reasonable efforts, and shall cooperate with each other, to secure any consents and approvals of any Governmental Body required to be obtained by them in order to assign or transfer any Governmental Permits to Buyer to permit the consummation of the transactions contemplated by this Agreement, or to otherwise satisfy the conditions set forth in Sections 8.3 and 9.3 hereof; provided, that Seller shall not make any agreement or understanding affecting the Purchased Assets or the Operations as a condition for obtaining any such consents or approvals without the prior written consent of Buyer, which consent shall not be unreasonably withheld.

Appears in 1 contract

Sources: Asset Purchase Agreement (Zhone Technologies Inc)