Consents; Filings. Without limiting the generality of Section 6.1, TRM and the Purchasing Insurers will use commercially reasonable efforts to (i) obtain as promptly as practicable all approvals, authorizations, consents and permits required to be obtained by any Tower Entity in connection with the authorization, execution and delivery of this Agreement and the Ancillary Agreements and the consummation of the transactions contemplated hereby and thereby, including the Required Approvals hereunder and necessary consents of landlords to the assignment of the Lease Agreements and (ii) make, as promptly as practicable, all necessary filings and thereafter make any other required submissions, with respect to this Agreement and the Ancillary Agreements and the consummation of the transactions contemplated hereby and thereby, in each case, required under any Applicable Law, including using its commercially reasonable efforts to contest in good faith any Litigation challenging or seeking to prevent, enjoin, alter or materially delay the transactions contemplated by this Agreement or the Ancillary Agreements. TRM and the Purchasing Insurers shall cooperate with the CPRE Entities in connection with the seeking of all such approvals, authorizations, consents and permits and the making of all such filings and will promptly notify CPRE in writing of any pending or, to the knowledge of TRM or the Purchasing Insurers, threatened Litigation by any Governmental Authority or any other Person (A) challenging or seeking material monetary damages in connection with the consummation of the transactions contemplated hereby or by the Ancillary Agreements or (B) seeking to restrain or prohibit, enjoin, alter or materially delay the transactions contemplated by this Agreement or the Ancillary Agreements. Notwithstanding anything to the contrary contained in this Agreement or any Ancillary Agreement, no Tower Entity shall be required to take any action that involves divestiture of an existing business or material assets of such Person.
Appears in 3 contracts
Samples: Asset Purchase Agreement, Asset Purchase Agreement (Tower Group, Inc.), Asset Purchase Agreement (CastlePoint Holdings, Ltd.)
Consents; Filings. Without limiting the generality of Section 6.15.1, TRM and the Purchasing Insurers CPRE will use commercially reasonable efforts to (i) obtain as promptly as practicable all approvals, authorizations, consents and permits required to be obtained by the HIG Group or any Tower CPRE Entity in connection with the authorization, execution and delivery of this Agreement, the Stock Purchase Agreement and the Ancillary Agreements and the consummation of the transactions contemplated hereby and thereby, including the Required Approvals hereunder and necessary consents of landlords to the assignment of the Lease Agreements and (ii) make, as promptly as practicable, all necessary filings (including for the removal of any and all liens and other encumbrances on the Transferred Assets) and thereafter make any other required submissions, with respect to this Agreement, the Stock Purchase Agreement and the Ancillary Agreements and the consummation of the transactions contemplated hereby and thereby, in each case, required under any Applicable Law, including using its commercially reasonable efforts to contest in good faith any Litigation challenging or seeking to prevent, enjoin, alter or materially delay the transactions contemplated by this Agreement, the Stock Purchase Agreement or the Ancillary Agreements. TRM and the Purchasing Insurers CPRE shall cooperate with the CPRE Tower Entities in connection with the seeking of all such approvals, authorizations, consents and permits and the making of all such filings filings, and will promptly notify CPRE TRM and the Purchasing Insurers in writing of any pending or, to the knowledge of TRM or the Purchasing InsurersCPRE, threatened Litigation by any Governmental Authority or any other Person (A) challenging or seeking material monetary damages in connection with the consummation of the transactions contemplated hereby by this Agreement, the Stock Purchase Agreement or by the Ancillary Agreements or (B) seeking to restrain or prohibit, enjoin, alter or materially delay the transactions contemplated by this Agreement, the Stock Purchase Agreement or the Ancillary Agreements. Notwithstanding anything to the contrary contained in this Agreement or any Ancillary Agreement, no Tower Entity shall be required to take any action that involves divestiture of an existing business or material assets of such Person.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Tower Group, Inc.), Asset Purchase Agreement (CastlePoint Holdings, Ltd.)
Consents; Filings. Without limiting the generality of Section 6.15.1, TRM and the Purchasing Insurers CPRE will use commercially reasonable efforts to (i) obtain as promptly as practicable all approvals, authorizations, consents and permits required to be obtained by the HIG Group or any Tower CPRE Entity in connection with the authorization, execution and delivery of this Agreement, the Stock Purchase Agreement and the Ancillary Agreements and the consummation of the transactions contemplated hereby and thereby, including the Required Approvals hereunder and necessary consents of landlords to the assignment of the Lease Agreements and (ii) make, as promptly as practicable, all necessary filings (including for the removal of any and all liens and other encumbrances on the Transferred Assets) and thereafter make any other required submissions, with respect to this Agreement, the Stock Purchase Agreement and the Ancillary Agreements and the consummation of the transactions contemplated hereby and thereby, in each case, required under any Applicable Law, including using its commercially reasonable efforts to contest in good faith any Litigation challenging or seeking to prevent, enjoin, alter or materially delay the transactions contemplated by this Agreement, the Stock Purchase Agreement or the Ancillary Agreements. TRM and the Purchasing Insurers CPRE shall cooperate with the CPRE Tower Entities in connection with the seeking of all such approvals, authorizations, consents and permits and the making of all such filings filings, and will promptly notify CPRE TRM and the Purchasing Insurers in writing of any pending or, to the knowledge of TRM or the Purchasing InsurersCPRE, threatened Litigation by any Governmental Authority or any other Person (A) challenging or seeking material monetary damages in connection with the consummation of the transactions contemplated hereby by this Agreement, the Stock Purchase Agreement or by the Ancillary Agreements or (B) seeking to restrain or prohibit, enjoin, alter or materially delay the transactions contemplated by this Agreement, the Stock Purchase Agreement or the Ancillary Agreements. Notwithstanding anything to the contrary contained in this Agreement or any Ancillary Agreement, no Tower Entity shall be required to take any action that involves divestiture of an existing business or material assets of such Person.127
Appears in 1 contract
Samples: Asset Purchase Agreement (CastlePoint Holdings, Ltd.)
Consents; Filings. Without limiting the generality of Section 6.1, TRM and the Purchasing Insurers will use commercially reasonable efforts to (i) obtain as promptly as practicable all approvals, authorizations, consents and permits required to be obtained by any Tower Entity in connection with the authorization, execution and delivery of this Agreement and the Ancillary Agreements and the consummation of the transactions contemplated hereby and thereby, including the Required Approvals hereunder and necessary consents of landlords to the assignment of the Lease Agreements and (ii) make, as promptly as practicable, all necessary filings and thereafter make any other required submissions, with respect to this Agreement and the Ancillary Agreements and the consummation of the transactions contemplated hereby and thereby, in each case, required under any Applicable Law, including using its commercially reasonable efforts to contest in good faith any Litigation challenging or seeking to prevent, enjoin, alter or materially delay the transactions contemplated by this Agreement or the Ancillary Agreements. TRM and the Purchasing Insurers shall cooperate with the CPRE Entities in connection with the seeking of all such approvals, authorizations, consents and permits and the making of all such filings and will promptly notify CPRE in writing of any pending or, to the knowledge of TRM or the Purchasing Insurers, threatened Litigation by any Governmental Authority or any other Person (A) challenging or seeking material monetary damages in connection with the consummation of the transactions contemplated hereby or by the Ancillary Agreements or (B) seeking to restrain or prohibit, enjoin, alter or materially delay the transactions contemplated by this Agreement or the Ancillary Agreements. Notwithstanding anything to the contrary contained in this Agreement or any Ancillary Agreement, no Tower Entity shall be required to take any action that involves divestiture of an existing business or material assets of such Person.. 128
Appears in 1 contract
Samples: Asset Purchase Agreement (CastlePoint Holdings, Ltd.)