Common use of Compliance with Conditions; Commercially Reasonable Efforts Clause in Contracts

Compliance with Conditions; Commercially Reasonable Efforts. Each Purchaser shall use all commercially reasonable efforts to cause all of the obligations imposed upon it in this Agreement to be duly complied with, and to cause the conditions precedent to the obligations of the Company in Sections 7.1(a) and (b) (as they relate to such Purchaser) to be satisfied. Upon the terms and subject to the conditions of this Agreement, each Purchaser will use all commercially reasonable efforts to take, or cause to be taken, all action, and to do, or cause to be done, all things necessary, proper or advisable consistent with Applicable Law to consummate and make effective in the most expeditious manner practicable the Transactions in accordance with the terms of this Agreement. Nothing herein shall be construed to require a Purchaser or any of its Affiliates to divest or otherwise rearrange the composition of any assets or agree to any conditions or requirements which are, or are reasonably likely to be, materially adverse or burdensome to such Purchaser or its Affiliates, as applicable. Nothing set forth in this Section 6.2 shall impose any obligations with respect to any filing or approval under the HSR Act, which requirements are the subject of Section 6.3.

Appears in 3 contracts

Samples: Preferred Stock and Warrant Purchase Agreement (Icg Services Inc), Preferred Stock and Warrant Purchase Agreement (Liberty Media Corp /De/), Preferred Stock and Warrant Purchase Agreement (Hicks Thomas O)

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Compliance with Conditions; Commercially Reasonable Efforts. Each Purchaser shall use all commercially reasonable efforts to cause all of the obligations imposed upon it in this Agreement to be duly complied with, and to cause the conditions precedent to the obligations of the Company in Sections 7.1(a) and (b) (as they relate to such Purchaser) to be satisfied. Upon the terms and subject to the conditions of this Agreement, each Purchaser will use all commercially reasonable efforts to take, or cause to be taken, all action, and to do, or cause to be done, all things necessary, proper or advisable consistent with Applicable Law to consummate and make effective in the most expeditious manner practicable the Transactions in accordance with the terms of this Agreement. Nothing herein shall be construed to require a each Purchaser or any of its Affiliates to divest or otherwise rearrange the composition of any assets or agree to any conditions or requirements which are, or are reasonably likely to be, materially adverse or burdensome to such each Purchaser or its Affiliates, as applicable. Nothing set forth in this Section 6.2 shall impose any obligations with respect to any filing or approval under the HSR Act, which requirements are the subject of Section 6.3.

Appears in 1 contract

Samples: Stock Purchase Agreement (Eventures Group Inc)

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