Common use of Definitive Documents; Good Faith Cooperation; Further Assurances Clause in Contracts

Definitive Documents; Good Faith Cooperation; Further Assurances. Subject to the terms and conditions described herein, during the Support Period, each Party, severally and not jointly, hereby covenants and agrees to reasonably cooperate with each other in good faith in connection with, and shall exercise commercially reasonable efforts with respect to the pursuit, approval, implementation, and consummation of the Prepackaged Plan and the Restructuring, as well as the negotiation, drafting, execution (to the extent such Party is a party thereto), and delivery of the Definitive Documents. Furthermore, subject to the terms and conditions hereof, each of the Parties shall take such action as may be reasonably necessary or reasonably requested by the other Parties to carry out the purposes and intent of this Agreement, including making and filing any required regulatory filings and voting any claims against or securities of the Company in favor of the Restructuring, and shall refrain from taking any action that would frustrate the purposes and intent of this Agreement; provided that no Consenting Term Lender shall be required to incur any material cost, expense, or liability in connection therewith.

Appears in 3 contracts

Samples: Restructuring Support Agreement, Restructuring Support Agreement (Walter Investment Management Corp), Restructuring Support Agreement (Walter Investment Management Corp)

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Definitive Documents; Good Faith Cooperation; Further Assurances. Subject to the terms and conditions described herein, during the Support Period, each Party, severally and not jointly, hereby covenants and agrees to reasonably cooperate with each other in good faith in connection with, and shall exercise commercially reasonable efforts with respect to the pursuit, approval, implementation, and consummation of the Prepackaged Plan and the Restructuring, as well as the negotiation, drafting, execution (to the extent such Party is a party thereto), and delivery of the Definitive Documents. Furthermore, subject to the terms and conditions hereof, each of the Parties shall take such action as may be reasonably necessary or reasonably requested by the other Parties to carry out the purposes and intent of this Agreement, including making and filing any required regulatory filings and voting any claims against or securities of the Company in favor of the Restructuring, and shall refrain from taking any action that would frustrate the purposes and intent of this Agreement; provided that no Consenting Term Lender shall be required to incur any material cost, expense, or liability in connection therewith.

Appears in 1 contract

Samples: Restructuring Support Agreement (DITECH HOLDING Corp)

Definitive Documents; Good Faith Cooperation; Further Assurances. Subject to the terms and conditions described herein, during the Commitment and TSA Support Period, each Company Party, severally and not jointly, and CRB hereby covenants covenant and agrees agree to reasonably cooperate with each the other Parties in good faith in connection with, and shall exercise commercially reasonable efforts with respect to the pursuit, approval, implementation, and consummation of the Prepackaged Plan and Transaction pursuant to the RestructuringTransaction Term Sheet, as well as the negotiation, drafting, execution (to the extent such Party is a party thereto), and delivery of the Definitive Documents. Furthermore, subject to the terms and conditions hereof, each of during the Parties Commitment and TSA Support Period, CRB shall use reasonable efforts to take such action as may be reasonably necessary or reasonably requested by the other Company Parties to carry out the purposes and intent of this Agreement, including the making and filing of any required regulatory filings and voting any claims against or securities of the Company in favor of the Restructuringfilings, and shall refrain from taking any action that would frustrate the purposes purpose and intent of this Agreement; , provided that no Consenting Term Lender this Section 7 shall be required not limit the right of CRB to incur exercise any material cost, expense, right or liability remedy provided for in connection therewiththis Agreement.

Appears in 1 contract

Samples: Commitment and Transaction Support Agreement (Sunlight Financial Holdings Inc.)

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Definitive Documents; Good Faith Cooperation; Further Assurances. Subject to the terms and conditions described herein, during the Support Period, each Party, severally and not jointly, hereby covenants and agrees to reasonably cooperate with each other in good faith in connection with, and shall exercise commercially reasonable efforts with respect to the pursuit, approval, implementation, and consummation of the Prepackaged Plan and the Restructuring, as well as the negotiation, drafting, execution (to the extent such Party is a party thereto), and delivery of the Definitive Documents. Furthermore, subject to the terms and conditions hereof, each of the Parties shall take such action as may be reasonably necessary or reasonably requested by the other Parties to carry out the purposes and intent of this Agreement, including making and filing any required regulatory filings and voting any claims against or securities of the Company in favor of the Restructuring, and shall refrain from taking any action that would frustrate the purposes and intent of this Agreement; provided that no Consenting Term Lender Senior Noteholder shall be required to incur any material cost, expense, or liability in connection therewith.

Appears in 1 contract

Samples: Restructuring Support Agreement (Walter Investment Management Corp)

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