Common use of Consent and Waivers Clause in Contracts

Consent and Waivers. Seller agrees to use commercially reasonable efforts to obtain prior to Closing written waivers of all Preferential Purchase Rights and all waivers and Consents necessary for the transfer of the Assets to Buyer; provided that in the event Seller is unable to obtain all such waivers and Consents after using such reasonable efforts, such failure to satisfy shall not constitute a Breach of this Agreement.

Appears in 6 contracts

Samples: Purchase and Sale Agreement (Energy Xxi (Bermuda) LTD), Purchase and Sale Agreement (Energy Xxi (Bermuda) LTD), Purchase and Sale Agreement (Pogo Producing Co)

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Consent and Waivers. Seller agrees Sellers agree to use commercially reasonable efforts to obtain prior to Closing written waivers of all Preferential Purchase Rights preferential rights to purchase and all waivers and Consents necessary for the transfer of the Assets to Buyer; provided that in the event Seller is Sellers are unable to obtain all such waivers and Consents after using such reasonable efforts, such failure to satisfy shall will not constitute a Breach of this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Capco Energy Inc), Asset Purchase Agreement (Capco Energy Inc)

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