Common use of Reasonable Business Efforts Clause in Contracts

Reasonable Business Efforts. Subject to the terms and conditions herein provided, EDI agrees to use its reasonable business efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or advisable to consummate and make effective as promptly as practicable the Merger and the transactions contemplated by this Agreement including, but not limited to (i) obtaining the Consent of EDI's lenders and others to this Agreement and the transactions contemplated hereby, (ii) the defending of any Litigation against EDI or any EDI Subsidiary challenging this Agreement or the consummation of the transactions contemplated hereby, (iii) obtaining all Consents from Governmental Authorities required for the consummation of the Merger and the transactions contemplated thereby, and (iv) timely making all necessary filings under the HSR Act. Upon the terms and subject to the conditions hereof, EDI agrees to use reasonable business efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary to satisfy the other conditions of the closing set forth herein.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Bowmar Instrument Corp), Agreement and Plan of Merger (Electronic Designs Inc)

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Reasonable Business Efforts. Subject to the terms and conditions herein provided, EDI agrees Bowmxx xxxees to use its reasonable business efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or advisable to consummate and make effective as promptly as practicable the Merger and the transactions contemplated by this Agreement including, but not limited to (i) obtaining the Consent of EDI's lenders and others Bowmxx'x xxxders to this Agreement and the transactions contemplated hereby, (ii) the defending of any Litigation against EDI or Bowmxx xx any EDI Subsidiary Bowmxx Xxxsidiary challenging this Agreement or the consummation of the transactions contemplated hereby, (iii) obtaining all Consents from Governmental Authorities required for the consummation of the Merger and the transactions contemplated thereby, and (iv) timely making all necessary filings under the HSR Act. Upon the terms and subject to the conditions hereof, EDI agrees Bowmxx xxxees to use reasonable business efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary to satisfy the other conditions of the closing set forth herein.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Bowmar Instrument Corp), Agreement and Plan of Merger (Electronic Designs Inc)

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