Common use of Consents, Licenses and Permits Clause in Contracts

Consents, Licenses and Permits. Seller shall, and shall cause the Company to, use reasonable best efforts to obtain all consents set forth on Schedule 1.4(b)(vii); provided that no Contract shall be amended nor any right thereunder be waived to obtain any such consent. To the extent that any License and Permit set forth on Schedule 2.14(a) has not been assigned or transferred to the Company prior to the Closing, Seller shall (a) cooperate with Buyer in any reasonable arrangement designed to maintain each such License and Permit in full force and effect and shall provide Buyer after the Closing with all of the benefits intended to be provided to Buyer under the applicable License or Permit, including enforcement at the cost and for the account of Buyer of any and all rights of Seller against any other party arising out of the cancellation thereof or otherwise and (b) cooperate with Buyer, upon the request of the Buyer, in any commercially reasonable manner to obtain each such License and Permit as promptly as practicable after the Closing.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Datameg Corp), Stock Purchase Agreement (Blue Earth Solutions, Inc.), Stock Purchase Agreement (Pemco Aviation Group Inc)

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Consents, Licenses and Permits. Seller shall, and shall cause the Company to, use reasonable best efforts to obtain all consents required in Contracts in which the Company is a party set forth on Schedule 1.4(b)(vii); provided that no Contract shall be amended nor any right thereunder be waived to obtain any such consent. To the extent that any License and Permit set forth on Schedule 2.14(a) has not been assigned or transferred to the Company prior to the Closing, Seller shall (a) cooperate with Buyer in any reasonable arrangement designed to maintain each such License and Permit in full force and effect and shall provide Buyer after the Closing with all of the benefits intended to be provided to Buyer under the applicable License or Permit, including enforcement at the cost and for the account of Buyer of any and all rights of Seller against any other party arising out of the cancellation thereof or otherwise and (b) cooperate with Buyer, upon the request of the Buyer, in any commercially reasonable manner to obtain each such License and Permit as promptly as practicable after the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Datameg Corp)

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