Common use of Consents and Approvals Obtained Clause in Contracts

Consents and Approvals Obtained. Each of the parties shall have obtained, prior to the Closing, all consents, approvals, waivers, and authorizations from governmental authorities, courts, lenders and other third parties whose consent, approval, waiver or authorization is necessary or advisable in order to consummate the transactions contemplated hereby unless the failure to obtain such consents, approvals, waivers or authorizations in the aggregate is not reasonably likely to have a Material Adverse Effect on the Predecessor Companies taken as whole.

Appears in 3 contracts

Samples: Plan of Reorganization and Agreement for Share Exchange Offers (Precision Auto Care Inc), Plan of Reorganization and Agreement for Share Exchange Offers (Precision Auto Care Inc), Plan of Reorganization and Agreement for Share Exchange Offers (Precision Auto Care Inc)

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Consents and Approvals Obtained. Each of the parties shall have obtained, prior to the Closing, obtained all consents, approvals, waivers, waivers and authorizations from governmental authorities, courts, lenders and other third parties whose consent, approval, waiver or authorization is necessary or advisable in order to consummate the transactions contemplated hereby hereby, unless the failure to obtain such consents, approvals, waivers or authorizations in the aggregate is not reasonably likely to have a Material Adverse Effect on the Predecessor Constituent Companies taken as whole.

Appears in 1 contract

Samples: Agreement and Plan of Share Exchanges (Offshore Tool & Energy Corp)

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Consents and Approvals Obtained. Each of the parties shall have having obtained, prior to the Closing, all consents, approvals, waivers, and authorizations from governmental authorities, courts, lenders and other third parties whose consent, approval, waiver or authorization is reasonably necessary or advisable in order to consummate the transactions contemplated hereby unless the failure to obtain such consents, approvals, waivers or authorizations in the aggregate is not reasonably likely to have a Material Adverse Effect on the Predecessor Companies taken as wholehereby.

Appears in 1 contract

Samples: Subscription and Stock Purchase Agreement (Precision Auto Care Inc)

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