Common use of COVENANT TO USE REASONABLE EFFORTS TO OBTAIN CONSENTS Clause in Contracts

COVENANT TO USE REASONABLE EFFORTS TO OBTAIN CONSENTS. Notwithstanding the provisions of Section 5.05(c) above, each of the parties hereto shall (and shall cause each of their respective Affiliates and each member of its respective Group over which it has direct or indirect legal or effective control to) use commercially reasonable efforts to obtain all consents and approvals (the "CONSENTS"), to enter into all amendatory agreements and to make all filings and applications which may be reasonably required for the consummation of the Corporate Restructuring Transactions, the Distribution and all other transactions contemplated by this Agreement and shall take all such further reasonable actions as shall be reasonably necessary to preserve for each of the Automotive Group and the Packaging Group, to the greatest extent feasible, the economic and operational benefits of the allocation of assets and Liabilities contemplated by this Agreement. In case at any time after the Distribution Date any further action is necessary or desirable to carry out the purposes of this Agreement, the proper officers and directors of each party to this Agreement, or their successors in interest, shall take all such necessary or desirable action.

Appears in 2 contracts

Samples: Distribution Agreement (Tenneco Packaging Inc), Distribution Agreement (Tenneco Packaging Inc)

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COVENANT TO USE REASONABLE EFFORTS TO OBTAIN CONSENTS. Notwithstanding the provisions of Section 5.05(c) above, each of the parties hereto shall (and shall cause each of their respective Affiliates and each member of its respective Group over which it has direct or indirect legal or effective control to) use commercially reasonable efforts to obtain all consents and approvals (the "CONSENTS"), to enter into all amendatory agreements and to make all filings and applications which may be reasonably required for the consummation of the Corporate Restructuring Transactions, the Distribution and all other transactions contemplated by this Agreement and shall take all such further reasonable actions as shall be reasonably necessary to preserve for each of the Automotive Group and the Packaging Group, to the greatest extent feasible, the economic and operational benefits of the allocation of assets and Liabilities contemplated by this Agreement. In case at any time after the Distribution Date any further action is necessary or desirable to carry out the purposes of this Agreement, the proper officers and directors of each party to this Agreement, or their successors in interest, shall take all such necessary or desirable action.. TENNECO DISTRIBUTION AGREEMENT

Appears in 1 contract

Samples: Distribution Agreement (Tenneco Packaging Inc)

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COVENANT TO USE REASONABLE EFFORTS TO OBTAIN CONSENTS. Notwithstanding the provisions of Section 5.05(c) above, each of the parties hereto shall (and shall cause each of their respective Affiliates and each member of its respective Group over which it has direct or indirect legal or effective control to) use commercially reasonable efforts to obtain all consents and approvals (the "CONSENTS"), to enter into all amendatory agreements and to make all filings and applications which may be reasonably required for the consummation of the Corporate Restructuring Transactions, the Distribution and all other transactions contemplated by this Agreement and shall take all such further reasonable actions as shall be reasonably necessary to preserve for each of the Automotive Group and the Packaging Group, to the greatest extent feasible, the economic and operational benefits of the allocation of assets and Liabilities contemplated by this Agreement. In case at any time after the Distribution Date any further action is necessary or desirable to carry out the purposes of this Agreement, the proper officers and directors of each party to this Agreement, or their successors in interest, shall take all such necessary or desirable action.desirable

Appears in 1 contract

Samples: Distribution Agreement (Pactiv Corp)

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