Common use of Actions to Satisfy Closing Conditions Clause in Contracts

Actions to Satisfy Closing Conditions. Each of the Parties shall take all such actions as are within its power to control, and use reasonable commercial efforts to cause other actions to be taken which are not within its power to control, so as to ensure compliance with each of the conditions and covenants set forth in Article 5 and Article 6 which are for the benefit of any other party, provided that the Assignee shall not be required to dispose of or make any change to its business, the business of any of its Affiliates or the business of the Corporation, or expend any material amounts or incur any other obligation in order to comply with this Section (other than amounts specifically contemplated to be paid pursuant to this Agreement).

Appears in 4 contracts

Samples: Intellectual Property Assignment Agreement, Intellectual Property Assignment Agreement (Loop Industries, Inc.), Escrow Agreement (Loop Industries, Inc.)

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