Appropriate Action; Consents; Filings. a. The Company and Parent shall not enter into any agreement with any Governmental Authority agreeing not to consummate the Transactions. The Company shall give (and the Company shall cause any applicable Subsidiary of the Company to give) any notices to third Persons, and use (and the Company shall cause any applicable Subsidiary of the Company to use) commercially reasonable efforts to obtain any consents from third Persons required under any Contracts, licenses, leases or other agreements in connection with the consummation of the Transactions to the extent requested, and in the form provided, by Parent. Parent shall use commercially reasonable efforts to assist the Company in obtaining all consents and providing such notices, including providing any reasonable information or executing any documents reasonably required in connection therewith. Notwithstanding the foregoing, no party hereto nor any of the Company’s Subsidiaries shall have any obligation to pay any money or thing of value to any third Person for the purpose of obtaining such consent or any costs and expenses of any third Person resulting from the process of obtaining any such consent (and the Company and its Subsidiaries should not pay (or commit to pay) any amount (other than customary nominal administrative costs) or grant any accommodation to obtain any such consent with the prior written consent of Parent. b. The Company shall give prompt notice to Parent upon becoming aware of (i) any notices, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactions, (ii) any written notices or other written communications from any third Persons alleging that the consent of such Person is or may be required with respect to the Transactions, (iii) the institution or the overt threat of material litigation involving the Company or any of its Subsidiaries or (iv) any event or condition that has caused any of the representations or warranties set forth in Article III not to be true and correct such that the conditions set forth Article VII would not be satisfied. Parent will give prompt notice to the Company upon becoming aware of (i) any notices, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactions, or (ii) any written notices or other written communications from any third Persons alleging that the consent of such Person is or may be required with respect to the Transactions, or (iii) any event or condition that would reasonably be expected to cause any of the representations or warranties set forth in Article IV not to be true and correct such that the conditions set forth in Article VII would not be satisfied.
Appears in 1 contract
Appropriate Action; Consents; Filings. a. (a) Each of Parent, the Stockholders and the Company shall use (and shall cause each of their respective subsidiaries to use, as applicable) all reasonable efforts to (i) take, or cause to be taken, all appropriate action, and do, or cause to be done, all things necessary, proper or advisable under applicable Law or otherwise to consummate and make effective the transactions contemplated by this Agreement, and (ii) obtain from any Governmental Entities or other third parties any consents, licenses, permits, waivers, approvals, authorizations or orders required to be obtained or made by Parent or the Company or any of their subsidiaries or affiliates, as applicable, in connection with the authorization, execution and delivery of this Agreement and the consummation of the transactions contemplated hereby, including, without limitation, the Merger. The Stockholders, the Company and Parent shall not enter into furnish all information required for any agreement application or other filing to be made pursuant to the rules and regulations of any applicable Law in connection with any Governmental Authority agreeing not to consummate the Transactions. The transactions contemplated by this Agreement.
(b) Each of Parent, the Stockholders and the Company shall give (and the Company or shall cause any applicable Subsidiary of the Company their respective subsidiaries and affiliates, as applicable, to give) any notices to third Personsparties, and use (and the Company shall cause any applicable Subsidiary of the Company their respective subsidiaries and affiliates, as applicable, to use) commercially all reasonable efforts to obtain any third party consents from third Persons (i) necessary, proper or advisable to consummate the transactions contemplated by this Agreement, or (ii) otherwise required under any Material Contracts, licenses, leases Company Permits or other agreements in connection with with, or in order to allow the Company to continue to be entitled to the benefits thereof following, the consummation of the Transactions transactions contemplated hereby. In the event that any party shall fail to obtain any third party consent described above and the extent requestedparties agree to consummate the Merger without such consent, such party shall use its best efforts, and in the form provided, by Parent. Parent shall use commercially reasonable efforts to assist the Company in obtaining all consents and providing such notices, including providing any reasonable information or executing any documents reasonably required in connection therewith. Notwithstanding the foregoing, no party hereto nor any of the Company’s Subsidiaries shall have any obligation to pay any money or thing of value to any third Person for the purpose of obtaining such consent or any costs and expenses of any third Person resulting from the process of obtaining take any such consent (and actions reasonably requested by the other parties, to limit the adverse effect upon the Company and its Subsidiaries should not pay (or commit to pay) any amount (other than customary nominal administrative costs) or grant any accommodation to obtain any such consent with the prior written consent of Parent.
b. The Company shall give prompt notice to Parent upon becoming aware of (i) any notices, complaintstheir respective subsidiaries, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactions, (ii) any written notices or other written communications from any third Persons alleging that the consent of such Person is or may be required with respect to the Transactions, (iii) the institution or the overt threat of material litigation involving the Company or any of its Subsidiaries or (iv) any event or condition that has caused any of the representations or warranties set forth in Article III not to be true and correct such that the conditions set forth Article VII would not be satisfied. Parent will give prompt notice to the Company upon becoming aware of (i) any notices, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactionstheir respective businesses resulting, or (ii) any written notices or other written communications from any third Persons alleging that the consent of such Person is or may be required with respect to the Transactions, or (iii) any event or condition that would which could reasonably be expected to cause any result after the Effective Time, from the failure to obtain such consent.
(c) Parent shall take such steps as may be necessary to comply with the securities and blue sky laws of California in connection with the representations or warranties set forth issuance of Parent Common Stock in Article IV not the Merger. The Company and the Stockholders shall use their respective best efforts to assist Parent as may be true necessary to comply with such securities and correct such that blue sky laws in connection with the conditions set forth in Article VII would not be satisfiedtransactions contemplated herein.
Appears in 1 contract
Samples: Merger Agreement (Cnet Inc /De)
Appropriate Action; Consents; Filings. a. The Company and Parent covenants in this Section 8.01 shall not enter into any agreement with any Governmental Authority agreeing not to consummate the Transactions. The Company shall give (and the Company shall cause any applicable Subsidiary of the Company to give) any notices to third Persons, and use (and the Company shall cause any applicable Subsidiary of the Company to use) commercially reasonable efforts to obtain any consents from third Persons required under any Contracts, licenses, leases or other agreements in connection with the consummation of the Transactions apply to the extent requested, parties hereto from and in after the form provided, by Parent. Parent date of this Agreement until the Closing:
(a) Each party shall use commercially reasonable efforts to assist take, or to cause to be taken, all actions and to do, or to cause to be done, all things, including the Company making of all necessary filings and thereafter any other required submissions, that are necessary, proper or advisable under applicable Legal Requirements or otherwise are reasonably required to obtain, (i) in obtaining the case of the Seller, the Authorizations set forth in Schedule 3.03 or Schedule 4.03 to the Seller's Disclosure Letter and (ii) in the case of the Buyer, the Authorizations set forth in Schedule 5.03 to the Buyer's Disclosure Letter. Each party shall cooperate with the others in connection with the making of all consents and providing such noticesfilings, including providing any copies of all such documents to the nonfiling parties and their advisors prior to filing and, if requested, shall accept all reasonable information additions, deletions or executing any documents reasonably required changes suggested in connection therewith. Notwithstanding the foregoing, no Each party hereto nor shall furnish or cause to be furnished all information required for any of the Company’s Subsidiaries shall have any obligation application or other filing to pay any money or thing of value to any third Person for the purpose of obtaining such consent or any costs and expenses of any third Person resulting from the process of be made in connection with obtaining any such consent (and the Company and its Subsidiaries should not pay (or commit to pay) any amount (other than customary nominal administrative costs) or grant any accommodation to obtain any such consent with the prior written consent of ParentAuthorizations.
b. The Company (b) Each party shall timely give, and shall cause their respective Subsidiaries, as applicable, to give, any notices to third Persons and shall use, and cause their respective Subsidiaries, as applicable, to use, commercially reasonable efforts to obtain, (i) in the case of the Seller, the Third Person Consents set forth in Schedule 3.03 or Schedule 4.03 to the Seller's Disclosure Letter and (ii) in the case of the Buyer, the Third Person Consents set forth in Schedule 5.03 to the Buyer's Disclosure Letter.
(c) Each party shall give prompt notice to Parent upon becoming aware each other party of (i) any notices, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactions, (ii) any written notices notice or other written communications communication from any third Persons Person alleging that the consent of such Person is or may be required in connection with respect to the Transactionstransactions contemplated hereby, (ii) any notice or other communication from any Governmental Authority in connection with the transactions contemplated hereby, (iii) any actions, suits, claims, investigations or proceedings commenced or threatened in writing against, relating to or involving or otherwise affecting the institution or Seller, the overt threat of material litigation involving Buyer, the Parent, a Subject Company or any Subsidiary of its Subsidiaries or a Subject Company that relate to the consummation of the transactions contemplated hereby and (iv) the occurrence or nonoccurrence of any event or condition that has caused any of the representations or warranties set forth in Article III not to be true and correct such that the conditions set forth Article VII would not be satisfied. Parent will give prompt notice to the Company upon becoming aware of (i) any notices, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactions, or (ii) any written notices or other written communications from any third Persons alleging that the consent of such Person is or may be required with respect to the Transactions, or (iii) any event or condition that would reasonably be expected likely to cause any of the representations or warranties set forth in Article IV Closing Conditions of any other party not to be true satisfied or of any other change that is reasonably likely to cause a breach of the covenants of such party under this Agreement or to delay or impede the ability of any party to consummate the transactions contemplated by this Agreement or to fulfill their respective obligations set forth herein. No delivery of any notice pursuant to clause (iv) of this subsection (c) shall cure any breach of any representation or warranty of the party giving such notice contained in this Agreement or otherwise limit or affect the remedies available hereunder to the party receiving such notice.
(d) Each party hereto agrees to cooperate with the others and correct such to use commercially reasonable efforts vigorously to contest and resist any action, including legislative, administrative or judicial action, and to have vacated, lifted, reversed or overturned any Order (whether temporary, preliminary or permanent) of any Court or Governmental Authority that is in effect and that restricts, prevents or prohibits the consummation of the transactions contemplated by this Agreement, including the vigorous pursuit of all available avenues of administrative and judicial appeal and all available legislative action.
(e) The Seller and the Buyer each agree that the conditions set forth terms and provisions of the Confidentiality Agreement are hereby incorporated herein by reference and that such terms and provisions shall continue in Article VII would not be satisfiedfull force and effect until the Closing, except as otherwise provided in Section 11.02(c).
Appears in 1 contract
Samples: Purchase and Sale Agreement (American Water Works Co Inc)
Appropriate Action; Consents; Filings. a. (a) Prior to the Effective Time, and except as otherwise provided in Section 5.02(a) of the Company Disclosure Schedule, the Company shall give (or cause its Affiliates to give) any notices and shall use its reasonable best efforts to obtain any consents, approvals or waivers of third parties with respect to any Contracts of the Company or any of the Company Subsidiaries, as may be necessary or appropriate for the consummation of the Transactions or required by the terms of any Contract of the Company or any Company Subsidiary (including such consents as are necessary such that no third party will obtain additional rights under any such Contract as a result of the consummation of the Transactions) as a result of the execution, performance or consummation of the Transactions, including such consents as are required to be disclosed in the Company Disclosure Schedule; provided that, the Company shall coordinate with Parent and cooperate in determining whether any actions, consents, approvals or waivers are required to be obtained from third parties (including under any Company Material Contract) in connection with consummation of the Transactions and seeking any such actions, consents, approvals or waivers. In the event that the Company shall fail to obtain any third party action, approval, consent or waiver described in this Section 5.04(a), the Company shall use its commercially reasonable efforts, and shall take any such actions reasonably requested by Parent, to minimize any adverse effect upon the Company and Parent, their respective Subsidiaries, and their respective businesses resulting, or which could reasonably be expected to result, after the Effective Time, from the failure to obtain such action, approval, consent or waiver.
(b) Subject to this Section 5.04, prior to the Effective Time, each of the Company and Parent shall use their reasonable best efforts to (i) take, or cause to be taken, all other appropriate action and do, or cause to be done, all things necessary, proper or advisable under applicable Law or otherwise to consummate and make effective the Transactions as promptly as practicable, (ii) as promptly as practicable, obtain from any Governmental Entities any consents, licenses, permits, certificates, filings, exemptions, waivers, approvals, authorizations, registrations, waiting period expirations or terminations, clearances or orders required to be obtained by Parent or the Company or any of their respective Subsidiaries, or to avoid any Action by any Governmental Entity (including those in connection with the Antitrust Laws and CFIUS Approval), in connection with the authorization, execution and delivery of this Agreement and the consummation of the transactions contemplated herein, including the Merger, and (iii) take the actions set forth in Section 5.04(b) of the Company Disclosure Schedule.
(c) In furtherance and not in limitation of the provisions of Section 5.04(b), each of the Company, Parent and Merger Sub shall, and shall cause their Affiliates as required to, as promptly as practicable, make all necessary applications, notices, petitions and filings required, and thereafter make any other required submissions and respond as promptly as practicable to any requests for additional information or documentary material with respect to this Agreement and the Merger as is required under (A) the Exchange Act, and any other applicable foreign, federal or state securities Laws, (B) the Antitrust Laws, (C) subject to Section 5.04(d), Exon-Xxxxxx and (D) any other applicable Law. The parties further agree that (A) the initial filings to be made under the HSR Act shall in any event be made by each party no later than five Business Days following the date of this Agreement and the initial filings to be made pre-closing under any other required Antitrust Laws shall in any event be made no later than five Business Days following the date of this Agreement, and (B) a final joint voluntary notice in accordance with Exon-Xxxxxx (the “Exon-Xxxxxx Filing”) to CFIUS shall in any event be submitted for filing no later than five Business Days following the date of this Agreement. The Company and Parent shall not enter into further (x) cooperate with each other in connection with preparing and filing the Proxy Statement and any agreement Other Filings, (y) cooperate with any each other in determining which additional filings, and which additional consents, licenses, permits, certificates, exemptions, waivers, approvals, authorizations, registrations, clearances or Orders are required to be obtained from Governmental Authority agreeing not Entities prior to consummate the TransactionsEffective Time in connection with the execution and delivery of this Agreement and consummation of the Transactions and (y) use their reasonable best efforts to timely make all such filings and timely seek all such consents, licenses, permits, certificates, exemptions, waivers, approvals, authorizations, registrations, clearances or Orders. The Company and Parent shall give furnish to each other all information required for any application or other filing under the rules and regulations of any applicable Law in connection with the Transactions; provided, however, that materials provided by the Company or Parent and their respective Subsidiaries or Affiliates to the other party may be redacted (x) as necessary to comply with contractual arrangements entered into in the ordinary course of business without a purpose of avoiding or limiting such party’s obligations under this sentence and (y) as necessary to reasonably preserve attorney-client privilege or to comply with applicable Law, provided, however, that such materials shall be provided in unredacted form to outside counsel to each party representing such party in connection with any such application or filing and the receiving party will cause its outside counsel receiving any such unredacted materials not to disclose such materials to the directors, officers or employees of such receiving party without the advance written consent of the producing party.
(d) The Company and Parent shall furnish to each other all information required for the Exon-Xxxxxx Filing (it being understood that any information furnished by a party to the other party may be included in the Exon-Xxxxxx Filing unless contrary instructions are specified in writing to the party receiving such information); provided, however, that materials provided by the Company or Parent and their respective Subsidiaries or Affiliates to the other party may be redacted (i) as necessary to comply with contractual arrangements entered into in the ordinary course of business without a purpose of avoiding such party’s obligations under this sentence and (ii) as necessary to reasonably preserve attorney-client privilege or to comply with applicable Law, provided, however, that such materials shall be provided in unredacted form to outside counsel to the receiving party in connection with the Exon-Xxxxxx Filing and the receiving party will cause its outside counsel receiving any such unredacted materials not to disclose such materials to the directors, officers or employees of such receiving party without the advance written consent of the producing party. Parent and the Company shall cause any applicable Subsidiary use their reasonable best efforts to (x) avoid possible rejection or deferred acceptance of the Company Exon-Xxxxxx Filing, (y) respond as promptly as practicable and within any time limitations imposed by applicable regulations to giveany inquiries from CFIUS or any other Governmental Entity involved in the Exon-Xxxxxx review and make any other submissions under Exon-Xxxxxx that are required to be made or that the parties agree should be made and (z) any notices to third Personsobtain the CFIUS Approval.
(e) Without limiting the generality of anything contained in this Section 5.04, (A) Parent and use (and the Company shall cause give written notice to the other party of any applicable Subsidiary of the Company to use) commercially reasonable efforts to obtain any consents from third Persons required under any Contracts, licenses, leases or other agreements in connection with the consummation of the Transactions to the extent requested, and in the form provided, by Parent. Parent shall use commercially reasonable efforts to assist the Company in obtaining all consents and providing such notices, including providing any reasonable information or executing any documents reasonably required in connection therewith. Notwithstanding the foregoing, no party hereto nor any following within 24 hours of the Company’s Subsidiaries shall have or Parent’s, as the case may be, Knowledge of, and in any obligation to pay any money event within two Business Days after, the Company’s or thing Parent’s, as the case may be, receipt of value to any third Person for the purpose of obtaining such consent or any costs and expenses of any third Person resulting from the process of obtaining any such consent (and the Company and its Subsidiaries should not pay (or commit to pay) any amount (other than customary nominal administrative costs) or grant any accommodation to obtain any such consent with the prior written consent of Parent.
b. The Company shall give prompt notice to Parent upon becoming aware of thereof: (i) any notices, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactions, (ii) any written notices notice or other written communications communication from any third Persons Person alleging that the consent of such Person is or may be required in connection with the Merger or any of the other Transactions (ii) any notice or other communication from the U.S. Federal Trade Commission, the U.S. Department of Justice, CFIUS or any other Governmental Entity in connection with the Transactions and (iii) any Action commenced or, to the Company’s or Parent’s, as the case may be, Knowledge, threatened against, relating to or involving or otherwise affecting (x) the Company or any Company Subsidiary or (y) Parent or any of its Subsidiaries, respectively, which, if pending on the date of this Agreement would have been required to have been disclosed pursuant to this Agreement or which relate to the consummation of the Merger or any of the other Transactions. Each party hereto shall promptly provide to the other party (or its counsel) copies of all filings made by the filing party with any Governmental Entity in connection with this Agreement and the transactions contemplated hereby, provided, however, that materials provided by the Company or Parent and their respective Subsidiaries or affiliates to the other party may be redacted (x) as necessary to comply with contractual arrangements entered into in the ordinary course of business without a purpose of avoiding such party’s obligations under this sentence and (y) as necessary to reasonably preserve attorney-client privilege or to comply with applicable Law, provided, however, that such materials shall be provided in unredacted form to outside counsel to each party representing such party in connection with any such filing and the receiving party will cause its outside counsel receiving any such unredacted materials not to disclose such materials to the directors, officers or employees of such receiving party without the advance written consent of the producing party.
(f) Subject to applicable Law, each party hereto (or its counsel) shall, to the extent practicable, permit the other party (or its counsel) to review in advance any proposed communication by such party relating to the Transactions to any Governmental Entity. None of the parties to this Agreement shall agree to participate in any meeting with any Governmental Entity in respect of any filings, investigation (including any settlement of the investigation), Action or other inquiry unless it consults with the other party in advance and, to the extent practicable and permitted by such Governmental Entity, gives the other party (or its counsel) the opportunity to attend and participate at such meeting. The parties to this Agreement will coordinate and cooperate fully with each other in exchanging such information and providing such assistance as the other party may reasonably request in connection with the foregoing and in seeking early termination of any applicable waiting periods, including under the HSR Act. Nothing contained in this Agreement shall give Parent or Merger Sub, directly or indirectly, the right to control, direct or interfere with the operations of the Company prior to the Effective Time. Prior to the Effective Time, the Company shall exercise, consistent with the terms and conditions of this Agreement, control and supervision over its business operations. Each party hereto will consult and cooperate with the other parties and will consider in good faith the views of the other parties in connection with any filing, analysis, appearance, presentation, memorandum, brief, argument, opinion or proposal made or submitted in connection with the Merger or any of the other Transactions. In addition, except as may be prohibited by any Governmental Entity or by any Law, in connection with any such Action, each party hereto will have access to and be consulted in connection with any document, opinion or proposal made or submitted to any Governmental Entity in connection with such Action, provided, however, that materials provided by the Company or Parent or their respective Subsidiaries or Affiliates to the other party may be redacted (x) as necessary to comply with contractual arrangements entered into in the ordinary course of business without a purpose of avoiding such party’s obligations under this sentence and (y) as necessary to reasonably preserve attorney-client privilege or to comply with applicable Law, provided, however, that such materials shall be provided in unredacted form to outside counsel to each party prior to such Governmental Entity, and the receiving party will cause its outside counsel receiving any such unredacted materials not to disclose such materials to the directors, officers or employees of such receiving party without the advance written consent of the producing party.
(g) Notwithstanding anything to the contrary in this Agreement, in connection with obtaining any approval or consent from any Person with respect to the Merger or the other Transactions, other than filing fees required to be paid in connection with a filing under any applicable Antitrust Laws or Exon-Xxxxxx, (iiii) without the institution prior written consent of Parent (which will not be unreasonably withheld, delayed or conditioned), none of the overt threat Company or any Company Subsidiary shall pay or commit to pay to such Person whose approval or consent is being solicited any cash or other consideration (other than de minimis amounts), make any commitment or incur any Liability or other obligation due to such Person, and (ii) neither Parent nor Merger Sub shall be required to pay or commit to pay to such Person whose approval or consent is being solicited any cash or other consideration (other than de minimis amounts), make any commitment or incur any Liability or other obligation.
(h) Each of material litigation involving the parties hereto agrees that it will not extend any applicable waiting period under any Antitrust Law or enter into an agreement with any Governmental Entity to delay or not consummate the Transactions without the written consent of the other parties hereto (which shall not be unreasonably withheld, delayed or conditioned).
(i) Notwithstanding the foregoing or any other provision of this Agreement, nothing in this Agreement shall obligate Parent, Merger Sub or any of their respective Affiliates to proffer to, agree to or actually (and none of the Company or any Company Subsidiary shall, without the prior written consent of Parent, proffer to, agree to or actually) (i) divest, hold separate, or enter into any license (whether pursuant to an exclusive or nonexclusive license) or similar agreement with respect to, or agree to restrict the ownership or operation of, or agree to conduct or operate in a specified manner, any portion of the business or assets of Parent, the Company or any of its Subsidiaries or (iv) any event or condition that has caused any of the representations or warranties set forth in Article III not to be true and correct such that the conditions set forth Article VII would not be satisfied. Parent will give prompt notice to the Company upon becoming aware of (i) any noticestheir respective Affiliates, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactions, or (ii) pay any written notices amounts or make any commitments to obtain any consents, licenses, permits, certificates, exemptions, waivers, approvals, authorizations, registrations, clearances or Orders of a Governmental Entity or any other written communications from any third Persons alleging that Person (other than the consent payment of such Person is or may be required filing fees and expenses and fees of counsel) in connection with respect to the Transactions, or (iii) limit in any event manner whatsoever the ability of such entities to conduct, own, operate or condition that would reasonably be expected to cause control any of their respective businesses, assets or properties or of the representations businesses, properties or warranties set forth assets of the Company and the Company Subsidiaries, or otherwise enter into any voting trust arrangement, proxy arrangement or similar agreement or arrangement. For the avoidance of doubt, nothing contained in Article IV not to be true this Agreement shall restrict Parent or its Affiliates from developing, soliciting, considering, communicating, exchanging, or furnishing information, negotiating, disclosing, entering into or consummating potential or definitive strategic transactions through both internally generated and correct such that the conditions set forth in Article VII would not be satisfiedthird-party proposals.
Appears in 1 contract
Samples: Merger Agreement (Ariba Inc)
Appropriate Action; Consents; Filings. a. (a) The Company and Parent shall not enter into any agreement with use all reasonable efforts to (i) take, or cause to be taken, all appropriate action, and do, or cause to be done, all things necessary, proper or advisable under applicable Law or otherwise to consummate and make effective the transactions contemplated by this Agreement as promptly as practicable, (ii) obtain from any Governmental Authority agreeing not Entities any consents, licenses, permits, waivers, approvals, authorizations or orders required to consummate be obtained or made by Parent or the TransactionsCompany or any of their subsidiaries in connection with the authorization, execution and delivery of this Agreement and the consummation of the transactions contemplated herein, including, without limitation, the Merger, and (iii) make all necessary filings, and thereafter make any other required submissions, with respect to this Agreement and the Merger required under (A) the Securities Act and the Exchange Act, and any other applicable federal or state securities Laws, (B) the HSR Act and (C) any other applicable Law; provided that Parent and the Company shall cooperate with each other in connection with the making of all such filings, including providing copies of all such documents to the non-filing party and its advisors prior to filing and considering all reasonable additions, deletions or changes suggested in connection therewith. The Company and Parent shall furnish to each other all information required for any application or other filing to be made pursuant to the rules and regulations of any applicable Law in connection with the transactions contemplated by this Agreement.
(i) The Company and Parent shall give (and the Company shall cause any applicable Subsidiary of the Company their respective subsidiaries to give) any notices to third Personsparties, and use (use, and the Company shall cause any applicable Subsidiary of the Company their respective subsidiaries to use) commercially , all reasonable efforts to obtain any consents third party consents, (A) necessary, proper or advisable to consummate the transactions contemplated in this Agreement, (B) disclosed or required to be disclosed in the Company Disclosure Schedule or the Parent Disclosure Schedule, as the case may be, or (C) required to prevent a Company Material Adverse Effect from occurring prior to or after the Effective Time or a Parent Material Adverse Effect from occurring after the Effective Time.
(ii) In the event that either party shall fail to obtain any third Persons required under party consent escribed in subsection (b)(i) above, such party shall use all reasonable efforts, and shall take any Contractssuch actions reasonably requested by the other party hereto which do not entail increased cost or risk to such party or its shareholders, licensesofficers or directors, leases to minimize any adverse effect upon the Company and Parent, their respective subsidiaries, and their respective businesses resulting, or which could reasonably be expected to result after the Effective Time, from the failure to obtain such consent.
(c) From the date of this Agreement until the Effective Time, the Company shall promptly notify Parent in writing of any pending or, to the Knowledge of the Company, threatened action, proceeding or investigation by any Governmental Entity or any other agreements person (i) challenging or seeking damages in connection with the consummation Merger or the conversion of Company Common Stock and Common Preferred Stock into the Transactions Merger Consideration pursuant to the extent requested, and in the form provided, by Parent. Parent shall use commercially reasonable efforts to assist the Company in obtaining all consents and providing such notices, including providing any reasonable information or executing any documents reasonably required in connection therewith. Notwithstanding the foregoing, no party hereto nor any of the Company’s Subsidiaries shall have any obligation to pay any money or thing of value to any third Person for the purpose of obtaining such consent or any costs and expenses of any third Person resulting from the process of obtaining any such consent (and the Company and its Subsidiaries should not pay (or commit to pay) any amount (other than customary nominal administrative costs) or grant any accommodation to obtain any such consent with the prior written consent of Parent.
b. The Company shall give prompt notice to Parent upon becoming aware of (i) any notices, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactions, (ii) any written notices or other written communications from any third Persons alleging that the consent of such Person is or may be required with respect to the Transactions, (iii) the institution or the overt threat of material litigation involving the Company or any of its Subsidiaries or (iv) any event or condition that has caused any of the representations or warranties set forth in Article III not to be true and correct such that the conditions set forth Article VII would not be satisfied. Parent will give prompt notice to the Company upon becoming aware of (i) any notices, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the TransactionsMerger, or (ii) any written notices seeking to restrain or other written communications from any third Persons alleging that prohibit the consent consummation of such Person is the Merger or may be required with respect otherwise limit the right of Parent or, to the TransactionsKnowledge of the Company, its subsidiaries to own or operate all or any portion of the businesses or assets of the Company or its subsidiaries, or (iii) any event asserting or condition to its Knowledge threatening to assert dissenter's rights under DGCL ss.262.
(i) The Company shall use all reasonable efforts to obtain prior to the Effective Date consents, in form and substance satisfactory to Parent and Merger Sub, from each of Xxxxxxx, with respect to the transactions contemplated by the Note Purchase Agreement and the related documents and ABB Energy Capital LLC ("ABB"), with respect to that would reasonably be expected certain Construction and Term Loan Agreement by and among ABB, BMC Energy LLC, Brookhaven Energy, LLC, Country Side Genco, L.L.C., Countryside Landfill Gasco, L.L.C., Xxxxxx Xxxxx, LLC and Xxxxxx Xxxxx, L.L.C. (the "ABB Loan Agreement") and Parent shall provide, subject to cause any the execution of standard confidentiality agreements, such reasonable information as is required by the consenting parties (the "Specific Third Party Consents").
(ii) As part of the representations Company's reasonable efforts to obtain the consent of Xxxxxxx to the transactions contemplated by this Agreement, the Company shall propose the following arrangement to Xxxxxxx to take effect upon consummation of the Merger:
(A) The Letter of Credit (as defined in the Note Purchase Agreement) would be replaced by a guaranty or warranties comparable arrangement by Cinergy Corp. of $2 million (the "Cinergy Guaranty") and a guaranty or comparable arrangement by AJG for the remaining amount of the Debt Service Reserve Minimum (as defined in the Security Agreement referred to in the Note Purchase Agreement) (the "AJG Guaranty"), each of which would (i) serve the purposes set forth in Article IV Section 3.04 of such Security Agreement (ii) otherwise meet the requirements for replacement of the Letter of Credit under the Note Purchase Agreement and related documents and (iii) be acceptable in form and substance to AJG, Cinergy Corp., the Company and Parent;
(B) The AJG Guaranty would provide that a condition of a drawing would be that it would secure amounts in excess of the Cinergy Guaranty, not to exceed $2 million. If the required aggregate amount of such guaranties under the Note Purchase Agreement is reduced due to a reduction in the Debt Service Reserve Minimum or otherwise, the amount of the AJG Guaranty shall be true first reduced dollar for dollar until it has been eliminated before the amount of the Cinergy Guaranty is reduced; and
(C) The Parent would issue a corporate guarantee in favor of AJG in form and correct such that substance satisfactory to AJG and the conditions set forth Parent respecting any amounts drawn under the AJG LC. The foregoing arrangement or an alternative arrangement acceptable in Article VII would not form and substance to AJG, Cinergy Corp., the Company and USE shall be satisfiedreferred to herein as the "Xxxxxxx Debt Service Reserve Arrangement".
(e) The Parent shall take all actions and deliver all documents necessary to effectuate all parts of the Xxxxxxx Debt Service Reserve Arrangement applicable to the Parent in a timely manner.
(f) From the date of this Agreement until the Effective Time, Parent shall promptly notify the Company in writing of any pending or, to the Knowledge of Parent, threatened action, proceeding or investigation by any Governmental Entity or any other person (i) challenging or seeking damages in connection with the Merger or the conversion of Company Common Stock and Common Preferred Stock into the Merger Consideration pursuant to the Merger, or (ii) seeking to restrain or prohibit the consummation of the Merger or otherwise limit the right of Parent or, to the Knowledge of the Parent, its subsidiaries to own or operate all or any portion of the businesses or assets of the Company or its subsidiaries.
Appears in 1 contract
Appropriate Action; Consents; Filings. a. The Company (a) Fusion, Parent and Parent Merger Sub shall not enter into any agreement with use their reasonable efforts to (i) take, or cause to be taken, all appropriate action, and do, or cause to be done, all things reasonably necessary, proper or advisable under applicable Law or otherwise to consummate and make effective the Merger as promptly as practicable, (ii) obtain from any Governmental Authority agreeing not Authorities any consents, licenses, permits, waivers, approvals, authorizations or orders required to consummate be obtained by Parent or Fusion or any of Parent's subsidiaries in connection with the Transactions. The Company authorization, execution and delivery of this Agreement and the consummation of the Merger, and (iii) make all necessary filings, and thereafter make any other required submissions, with respect to this Agreement and the Merger required under (A) the Securities Act and the Exchange Act, and any other applicable federal or state securities Laws, and (B) any other applicable Law; provided that Parent, Merger Sub and Fusion shall cooperate with each other in connection with the making of all such filings.
(i) Each of Parent and Fusion shall give (and the Company or shall cause any applicable Subsidiary of the Company its respective subsidiaries to give) any notices to third Personsparties, and use (Parent and the Company Fusion shall use, and cause any applicable Subsidiary each of the Company its subsidiaries to use) commercially , its reasonable best efforts to obtain any the third party consents from third Persons required under any Contracts, licenses, leases or other agreements in connection with the consummation (A) which are set forth on Section 3.17(b) of the Transactions Fusion Disclosure Schedule or (B) required to prevent a Parent Material Adverse Effect or Fusion Material Adverse Effect from occurring prior to or after the extent requested, and in Effective Time.
(ii) In the form provided, by Parent. event that Parent or Fusion shall use commercially reasonable efforts to assist the Company in obtaining all consents and providing such notices, including providing any reasonable information or executing any documents reasonably required in connection therewith. Notwithstanding the foregoing, no party hereto nor any of the Company’s Subsidiaries shall have any obligation to pay any money or thing of value to any third Person for the purpose of obtaining such consent or any costs and expenses of any third Person resulting from the process of obtaining any such consent (and the Company and its Subsidiaries should not pay (or commit to pay) any amount (other than customary nominal administrative costs) or grant any accommodation fail to obtain any third party consent described in subsection (b)(i) above, such consent with party shall use its reasonable efforts, and shall take any such actions reasonably requested by the prior written consent of Parent.
b. The Company shall give prompt notice other party, to minimize any material adverse effect upon Fusion and Parent upon becoming aware of (i) any noticesand its subsidiaries, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactions, (ii) any written notices or other written communications from any third Persons alleging that the consent of such Person is or may be required with respect to the Transactions, (iii) the institution or the overt threat of material litigation involving the Company or any of its Subsidiaries or (iv) any event or condition that has caused any of the representations or warranties set forth in Article III not to be true and correct such that the conditions set forth Article VII would not be satisfied. Parent will give prompt notice to the Company upon becoming aware of (i) any notices, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactionstheir respective businesses resulting, or (ii) any written notices or other written communications from any third Persons alleging that the consent of such Person is or may be required with respect to the Transactions, or (iii) any event or condition that would which could reasonably be expected to cause any of result after the representations or warranties set forth in Article IV not Effective Time, from the failure to be true and correct obtain such that the conditions set forth in Article VII would not be satisfiedconsent.
Appears in 1 contract
Appropriate Action; Consents; Filings. a. (a) Subject to the terms and conditions of this Agreement, the Company and Parent shall use their best efforts to (i) take, or cause to be taken, all appropriate action, and do, or cause to be done, all things necessary, proper or advisable under applicable Law or otherwise to consummate and make effective the Merger as promptly as practicable, (ii) obtain and maintain all consents and other authorizations required to be obtained from any stockholder of the Company and Parent that may be necessary, proper or advisable to consummate the Merger and the transactions contemplated by this Agreement from any Governmental Authorities any consents, licenses, permits, waivers, approvals, authorizations or orders required to be obtained or made by Parent or the Company or any of their Subsidiaries in connection with the authorization, execution and delivery of this Agreement and the consummation of the Merger, and (iii) make all necessary filings, and thereafter make any other required submissions, with respect to this Agreement and the Merger required under (A) the Securities Act and the Exchange Act, and any other applicable federal or state securities Laws and (B) any other applicable Law; provided, that Parent and the Company shall cooperate with each other in connection with the making of all such filings, including providing copies of all such documents to the non-filing party and its advisors prior to filing, and, if requested, to accept all reasonable additions, deletions or changes suggested by the other party in connection therewith. The Company and Parent shall not enter into furnish to each other all information required for any agreement application or other filing to be made pursuant to the rules and regulations of any applicable Law (including all information required to be included in the Registration Statement) in connection with any Governmental Authority agreeing not to consummate the Transactions. The transactions contemplated by this Agreement.
(b) (i) Each of Parent and the Company shall give (and the Company or shall cause any applicable Subsidiary of the Company its respective Subsidiaries to give) any notices to third Personsparties, and use (use, and the Company shall cause any applicable Subsidiary of the Company its respective Subsidiaries to use) , their commercially reasonable efforts to obtain any consents from third Persons required under any Contracts, licenses, leases or other agreements in connection with the consummation of the Transactions to the extent requested, and in the form provided, by Parent. Parent shall use commercially reasonable efforts to assist the Company in obtaining all consents and providing such notices, including providing any reasonable information or executing any documents reasonably required in connection therewith. Notwithstanding the foregoing, no party hereto nor any of the Company’s Subsidiaries shall have any obligation to pay any money or thing of value to any third Person for the purpose of obtaining such consent or any costs and expenses of any third Person resulting from the process of obtaining any such consent (and the Company and its Subsidiaries should not pay (or commit to pay) any amount (other than customary nominal administrative costs) or grant any accommodation to obtain any such consent with the prior written consent of Parent.
b. The Company shall give prompt notice to Parent upon becoming aware of (i) any notices, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactionsconsents, (iiA) any written notices necessary, proper or other written communications from any third Persons alleging that advisable to consummate the consent transactions contemplated in this Agreement, or (B) required to prevent a material adverse effect of such Person is or may be required with respect to the Transactions, (iii) the institution or the overt threat of material litigation involving the Company or any of its Subsidiaries Parent from occurring prior to or (iv) any event or condition that has caused any of after the representations or warranties set forth in Article III not to be true and correct such that the conditions set forth Article VII would not be satisfied. Parent will give prompt notice to the Company upon becoming aware of (i) any notices, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactions, or (ii) any written notices or other written communications from any third Persons alleging that the consent of such Person is or may be required with respect to the Transactions, or (iii) any event or condition that would reasonably be expected to cause any of the representations or warranties set forth in Article IV not to be true and correct such that the conditions set forth in Article VII would not be satisfiedEffective Time.
Appears in 1 contract
Appropriate Action; Consents; Filings. a. The Company (a) Camworks, Parent and Parent Merger Sub shall not enter into any agreement with use their reasonable efforts to (i) take, or cause to be taken, all appropriate action, and do, or cause to be done, all things reasonably necessary, proper or advisable under applicable Law or otherwise to consummate and make effective the Merger as promptly as practicable, (ii) obtain from any Governmental Authority agreeing not Authorities any consents, licenses, permits, waivers, approvals, authorizations or orders required to consummate be obtained by Parent or Camworks or any of Parent's Subsidiaries in connection with the Transactions. The Company authorization, execution and delivery of this Agreement and the Ancillary Agreements and the consummation of the Merger, and (iii) make all necessary filings, and thereafter make any other required submissions, with respect to this Agreement and the Ancillary Agreements and the Merger required under (A) the Securities Act and the Exchange Act, and any other applicable federal or state securities Laws, and (B) any other applicable Law; provided that Parent, Merger Sub and Camworks shall cooperate with each other in connection with the making of all such filings.
(i) Each of Parent and Camworks shall give (and the Company or shall cause any applicable Subsidiary of the Company its respective subsidiaries to give) any notices to third Personsparties, and use (Parent and the Company Camworks shall use, and cause any applicable Subsidiary each of the Company its subsidiaries to use) commercially , its reasonable best efforts to obtain any the third party consents from third Persons required under any Contracts, licenses, leases or other agreements in connection with the consummation (A) which are set forth on Section 3.4 of the Transactions Camworks Disclosure Schedule or (B) required to prevent a Parent Material Adverse Effect or Camworks Material Adverse Effect from occurring prior to or after the extent requested, and in Effective Time.
(ii) In the form provided, by Parent. event that Parent or Camworks shall use commercially reasonable efforts to assist the Company in obtaining all consents and providing such notices, including providing any reasonable information or executing any documents reasonably required in connection therewith. Notwithstanding the foregoing, no party hereto nor any of the Company’s Subsidiaries shall have any obligation to pay any money or thing of value to any third Person for the purpose of obtaining such consent or any costs and expenses of any third Person resulting from the process of obtaining any such consent (and the Company and its Subsidiaries should not pay (or commit to pay) any amount (other than customary nominal administrative costs) or grant any accommodation fail to obtain any third party consent described in subsection (b)(i) above, such consent with party shall use its reasonable efforts, and shall take any such actions reasonably requested by the prior written consent of Parent.
b. The Company shall give prompt notice other party, to minimize any material adverse effect upon Camworks and Parent upon becoming aware of (i) any noticesand its subsidiaries, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactions, (ii) any written notices or other written communications from any third Persons alleging that the consent of such Person is or may be required with respect to the Transactions, (iii) the institution or the overt threat of material litigation involving the Company or any of its Subsidiaries or (iv) any event or condition that has caused any of the representations or warranties set forth in Article III not to be true and correct such that the conditions set forth Article VII would not be satisfied. Parent will give prompt notice to the Company upon becoming aware of (i) any notices, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactionstheir respective businesses resulting, or (ii) any written notices or other written communications from any third Persons alleging that the consent of such Person is or may be required with respect to the Transactions, or (iii) any event or condition that would which could reasonably be expected to cause any of result after the representations or warranties set forth in Article IV not Effective Time, from the failure to be true and correct obtain such that the conditions set forth in Article VII would not be satisfiedconsent.
Appears in 1 contract
Appropriate Action; Consents; Filings. a. (a) Each of Buyer, the Founders and the Company shall use (and shall cause each of their respective subsidiaries to use, as applicable) all reasonable efforts to (i) take, or cause to be taken, all appropriate action, and do, or cause to be done, all things necessary, proper or advisable under applicable Law or otherwise to consummate and make effective the transactions contemplated by this Agreement, and (ii) obtain from any Governmental Entities or other third parties any consents, licenses, permits, waivers, approvals, authorizations or orders required to be obtained or made by Buyer or the Company or any of their subsidiaries or affiliates, as applicable, in connection with the authorization, execution and delivery of this Agreement and the consummation of the transactions contemplated hereby, including, without limitation, the Merger. The Founders, the Company and Parent Buyer shall not enter into furnish all information required for any agreement application or other filing to be made pursuant to the rules and regulations of any applicable Law in connection with any Governmental Authority agreeing not to consummate the Transactions. The transactions contemplated by this Agreement.
(b) Each of Buyer, the Founders and the Company shall give (and the Company or shall cause any applicable Subsidiary of the Company their respective subsidiaries and affiliates, as applicable, to give) any notices to third Personsparties, and use (and the Company shall cause any applicable Subsidiary of the Company their respective subsidiaries and affiliates, as applicable, to use) commercially all reasonable efforts to obtain any third party consents from third Persons (i) necessary, proper or advisable to consummate the transactions contemplated by this Agreement, or (ii) otherwise required under any Material Contracts, licenses, leases Company Permits or other agreements in connection with with, or in order to allow the Company to continue to be entitled to the benefits thereof following, the consummation of the Transactions transactions contemplated hereby. In the event that any party shall fail to obtain any third party consent described above and the extent requestedparties agree to consummate the Merger without such consent, such party shall use its best efforts, and in the form provided, by Parent. Parent shall use commercially reasonable efforts to assist the Company in obtaining all consents and providing such notices, including providing any reasonable information or executing any documents reasonably required in connection therewith. Notwithstanding the foregoing, no party hereto nor any of the Company’s Subsidiaries shall have any obligation to pay any money or thing of value to any third Person for the purpose of obtaining such consent or any costs and expenses of any third Person resulting from the process of obtaining take any such consent (and actions reasonably requested by the other parties, to limit the adverse effect upon the Company and its Subsidiaries should not pay (or commit to pay) any amount (other than customary nominal administrative costs) or grant any accommodation to obtain any such consent with the prior written consent of Parent.
b. The Company shall give prompt notice to Parent upon becoming aware of (i) any noticesBuyer, complaintstheir respective subsidiaries, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactions, (ii) any written notices or other written communications from any third Persons alleging that the consent of such Person is or may be required with respect to the Transactions, (iii) the institution or the overt threat of material litigation involving the Company or any of its Subsidiaries or (iv) any event or condition that has caused any of the representations or warranties set forth in Article III not to be true and correct such that the conditions set forth Article VII would not be satisfied. Parent will give prompt notice to the Company upon becoming aware of (i) any notices, complaints, investigations or hearings (or communications indicating that the same may be contemplated) of any Governmental Authorities with respect to the Transactionstheir respective businesses resulting, or (ii) any written notices or other written communications from any third Persons alleging that the consent of such Person is or may be required with respect to the Transactions, or (iii) any event or condition that would which could reasonably be expected to cause any of result after the representations or warranties set forth in Article IV not Effective Time, from the failure to be true and correct obtain such that the conditions set forth in Article VII would not be satisfiedconsent.
Appears in 1 contract
Samples: Merger Agreement (Cnet Inc /De)