Cooperation Prior to the Distribution. (a) Franchising and Choice shall cooperate in preparing, filing with the Commission and causing to become effective any registration statements or amendments thereof which are appropriate to reflect the establishment of, or amendments to, any employee benefit plans and other plans contemplated by the Employee Benefits Allocation Agreement. (b) Franchising and Choice shall take all such action as may be necessary or appropriate under the securities or blue sky laws of states or other political subdivisions of the United States in connection with the transactions contemplated by this Agreement and the Related Agreements. (c) Franchising and Choice shall use all reasonable efforts to obtain any third-party consents or approvals necessary or desirable in connection with the transactions contemplated hereby ("Consents") . -------- (d) Franchising and Choice will use all reasonable efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary or desirable under applicable law, to consummate the transactions contemplated under this Agreement and the Related Agreements.
Appears in 2 contracts
Samples: Distribution Agreement (Choice Hotels International Inc/), Distribution Agreement (Choice Hotels International Inc)
Cooperation Prior to the Distribution. (a) Franchising Stac and Choice Hi/fn shall cooperate in preparing, filing with the Commission and causing to become effective any registration statements or amendments thereof which are necessary to effect the Distribution or that may be appropriate to reflect the establishment of, or amendments to, any employee benefit plans and other plans contemplated by the Employee Benefits Allocation Agreement.
(b) Franchising Stac and Choice Hi/fn shall take all such action as may be necessary or appropriate under the securities or blue sky laws of states or other political subdivisions of the United States in connection with the transactions contemplated by this Agreement and the Related Agreements.
(c) Franchising Stac and Choice Hi/fn shall use all reasonable efforts to obtain any third-party consents or approvals necessary or desirable in connection with the transactions contemplated hereby ("Consents") . --------).
(d) Franchising Stac and Choice Hi/fn will use all reasonable efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary or desirable under applicable law, to consummate the transactions contemplated under this Agreement and the Related Agreements.
Appears in 2 contracts
Samples: Distribution Agreement (Stac Software Inc), Distribution Agreement (Hi/Fn Inc)