Common use of Compliance with Applicable Law, Etc Clause in Contracts

Compliance with Applicable Law, Etc. The exercise of the right of first offer set forth in Section 3.2 and the completion of any transfer or sale of Shares contemplated hereunder shall be subject to compliance with Applicable Law. KMOC and the Shareholders shall cooperate with each other and shall take all such action, including, without limitation, obtaining all Governmental Approvals required to comply with Applicable Law in connection with the sale or transfer of the Shares pursuant to this Agreement. KMOC and the transferring Shareholder shall bear its own costs and expenses in connection with obtaining any such Governmental Approvals.

Appears in 3 contracts

Samples: Shareholder Agreement (Khanty Mansiysk Oil Corp), Shareholder Agreement (Khanty Mansiysk Oil Corp), Share Purchase Agreement (Khanty Mansiysk Oil Corp)

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Compliance with Applicable Law, Etc. The exercise of the right of first offer set forth in Section 3.2 2.2 and the completion of any transfer or sale of Shares contemplated hereunder shall be subject to compliance with Applicable Law. KMOC and the Shareholders Holdings Entities shall cooperate with each other and shall take all such action, including, without limitation, obtaining all Governmental Approvals required to comply with Applicable Law in connection with the sale or transfer of the Shares pursuant to this Agreement. Each of KMOC and the transferring Shareholder Holdings Entities shall bear its own costs and expenses in connection with obtaining any such Governmental Approvals.

Appears in 1 contract

Samples: Shareholder Agreement (Khanty Mansiysk Oil Corp)

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