Common use of Commercially Reasonable Efforts; Time of Essence Clause in Contracts

Commercially Reasonable Efforts; Time of Essence. Except as otherwise specifically provided herein, Buyer and Seller shall each use commercially reasonable efforts to satisfy the conditions to Closing and otherwise consummate the transactions contemplated by this Agreement as promptly as practical. Time is of the essence with respect to the Closing of this Agreement

Appears in 3 contracts

Samples: Sale and Purchase Agreement (Sunoco Logistics Partners Lp), Sale and Purchase Agreement (Sunoco Logistics Partners Lp), Sale and Purchase Agreement (Sunoco Logistics Partners Lp)

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Commercially Reasonable Efforts; Time of Essence. Except as otherwise specifically provided herein, Buyer and Seller shall each use commercially reasonable efforts to satisfy the conditions to Closing and otherwise consummate the transactions contemplated by this Agreement as promptly as practical. Time is of the essence with respect to the Closing of this Agreement.

Appears in 3 contracts

Samples: Sale and Purchase Agreement (Global Partners Lp), Sale and Purchase Agreement (Global Partners Lp), Terminal Purchase and Sales Agreement (Buckeye Partners L P)

Commercially Reasonable Efforts; Time of Essence. Except as otherwise specifically provided herein, Buyer Purchaser and Seller shall each use commercially reasonable efforts to satisfy the conditions to Closing and otherwise consummate the transactions contemplated by this Agreement as promptly as practical. Time is of the essence with respect to the Closing of this Agreement.

Appears in 2 contracts

Samples: Sale and Purchase Agreement (Valero Energy Corp/Tx), Sale and Purchase Agreement (Tesoro Petroleum Corp /New/)

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Commercially Reasonable Efforts; Time of Essence. Except as otherwise specifically provided herein, Buyer Purchaser and Seller Sellers shall each use commercially reasonable efforts to satisfy the conditions to Closing and otherwise consummate the transactions contemplated by this Agreement as promptly as practical. Time is of the essence with respect to the Closing of this AgreementTIME AND EACH OF THE TERMS, COVENANTS, CONDITIONS AND CONTINGENCIES OF THIS AGREEMENT ARE HEREBY EXPRESSLY MADE OF THE ESSENCE.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Tesoro Corp /New/)

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