Common use of Consents; Failure to Obtain Consents Clause in Contracts

Consents; Failure to Obtain Consents. After the Closing, Seller will use its reasonable best efforts to obtain or cause to be obtained any consents required in connection with the transactions contemplated hereby that are requested by Buyer and that have not been previously obtained prior to or at the Closing. In the event any consent to the assignment of any Contract or Permit is required in connection with the transactions contemplated hereby and has not been obtained as of the Closing, then Seller shall continue to use their reasonable best efforts to obtain or cause to be obtained such consents and until all of such consents are obtained, shall cooperate in any arrangement reasonably satisfactory to Buyer designed to fulfill any Seller’s obligations thereunder and to afford Buyer the full benefits thereof. Notwithstanding anything to the contrary set forth herein, this Agreement shall not constitute an assignment or attempt to assign or transfer any interest in any instrument, contract, lease, permit or other agreement or arrangement of the Business or any claim, right or benefit arising thereunder or resulting therefrom, if an assignment or transfer without the consent of a third party would constitute a breach or violation thereof or adversely affect the rights of Buyer, the Purchased Assets or the Business.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Eagle Broadband Inc), Asset Purchase Agreement (Nighthawk Systems Inc)

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Consents; Failure to Obtain Consents. After the Closing, Seller will use its their reasonable best efforts to obtain or cause to be obtained any consents required in connection with the transactions contemplated hereby that are requested by Buyer and that have not been previously obtained prior to or at the Closing. In the event any consent to the assignment of any Contract or Permit is required in connection with the transactions contemplated hereby and has not been obtained as of the Closing, then Seller shall continue to use their reasonable best efforts to obtain or cause to be obtained such consents and until all of such consents are obtained, shall cooperate in any arrangement reasonably satisfactory to Buyer designed to fulfill any Seller’s or any Seller Entity’s obligations thereunder and to afford Buyer the full benefits thereof. Notwithstanding anything to the contrary set forth herein, this Agreement shall not constitute an assignment or attempt to assign or transfer any interest in any instrument, contract, lease, permit or other agreement or arrangement of the Business Businesses or any claim, right or benefit arising thereunder or resulting therefrom, if an assignment or transfer without the consent of a third party would constitute a breach or violation thereof or adversely affect the rights of Buyer, the Purchased Assets or the BusinessBusinesses.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Execute Sports Inc), Asset Purchase Agreement (Challenger Powerboats, Inc.)

Consents; Failure to Obtain Consents. After For a period of three months after the Closingdate hereof, Seller Sellers will use its commercially reasonable best efforts to obtain or cause to be obtained any consents required under any Purchased Contract or Purchased Permit in connection with the transactions contemplated hereby that are requested by Buyer Buyers and that have not been previously obtained prior to or at the Closingdate hereof. In the event any consent to the assignment of any Purchased Contract or Purchased Permit is required in connection with the transactions contemplated hereby and has not been obtained as of the Closingdate hereof, then Seller shall continue to use their reasonable best efforts to obtain or cause to be obtained such consents and then, until all of such consents are obtained, Sellers shall cooperate in any arrangement reasonably satisfactory to Buyer Xxxxxx and Sellers designed to fulfill any Seller’s all Sellers' obligations thereunder and to afford the applicable Buyer the full benefits thereof. Notwithstanding anything to the contrary set forth herein, this Agreement shall not constitute an assignment or attempt to assign or transfer any interest in any instrument, contract, lease, permit or other agreement or arrangement of the Business Businesses or any claim, right or benefit arising thereunder or resulting therefrom, if an assignment or transfer without the consent of a third party would constitute a breach or violation thereof or adversely affect the rights of any Seller or Buyer, the Purchased Assets or the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tasker Capital Corp)

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Consents; Failure to Obtain Consents. After the Closing, Seller will use its commercially reasonable best efforts to obtain or cause to be obtained any consents required in connection with the transactions contemplated hereby that are requested by Buyer and that have not been previously obtained prior to or at the Closing. In the event any consent to the an assignment of any Contract or Permit is required in connection with the transactions contemplated hereby and has not been obtained as of the Closing, then Seller shall continue to use their its commercially reasonable best efforts to obtain or cause to be obtained such consents and until all of such consents are obtained, shall cooperate in any commercially reasonable arrangement reasonably satisfactory to Buyer designed to fulfill any Seller’s or the Business’ obligations thereunder and to afford Buyer the full benefits thereof. Notwithstanding anything to the contrary set forth herein, this Agreement shall not constitute an assignment or attempt to assign or transfer any interest in any instrument, contract, lease, permit Permit or other agreement or arrangement of the Business or any claim, right or benefit arising thereunder or resulting therefrom, if an assignment or transfer without the consent of a third party Third Party would constitute a breach or violation thereof or adversely affect the rights of Buyer, the Purchased Assets or the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Gsi Group Inc)

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