Definitive Documents; Good Faith Cooperation; Further Assurances. Each Party hereby covenants and agrees to cooperate with each other in good faith in connection with, and shall exercise commercially reasonable efforts with respect to the pursuit, approval, negotiation, execution, delivery, implementation, and consummation of the Plan and the Restructuring, as well as the negotiation, drafting, execution, and delivery of the Definitive Documents. Furthermore, subject to the terms hereof, each of the Parties shall (i) 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 (ii) refrain from taking any action that would frustrate the purposes and intent of this Agreement.
Appears in 2 contracts
Samples: Restructuring Support Agreement (Vivus Inc), Restructuring Support Agreement (Vivus Inc)
Definitive Documents; Good Faith Cooperation; Further Assurances. Each Party hereby covenants and agrees to cooperate with each other in good faith in connection with, and shall exercise commercially reasonable efforts with respect to the pursuit, approval, negotiation, execution, delivery, implementation, and consummation of the Plan and the Restructuring, as well as the negotiation, drafting, execution, execution and delivery of the Definitive Documents, which shall be subject to the applicable consent rights of the Requisite Creditors in Section 3. Furthermore, subject to the terms hereof, each of the Parties shall (i) 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 (ii) refrain from taking any action that would frustrate the purposes purpose and intent of this Agreement.
Appears in 1 contract
Samples: Restructuring Support Agreement (Halcon Resources Corp)
Definitive Documents; Good Faith Cooperation; Further Assurances. Each Party hereby covenants and agrees to cooperate with each other in good faith in connection with, and shall exercise commercially reasonable efforts with respect to the pursuit, approval, negotiation, execution, delivery, implementation, implementation and consummation of the Plan and Restructuring, including the RestructuringPlan, as well as the negotiation, drafting, execution, execution and delivery of the Definitive Documents. Furthermore, subject to the terms hereof, each of the Parties shall (i) 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 (ii) shall refrain from taking any action that would frustrate the purposes and intent of this Agreement.
Appears in 1 contract
Samples: Restructuring Support Agreement (Ion Geophysical Corp)
Definitive Documents; Good Faith Cooperation; Further Assurances. Each Party Subject to, and without limiting 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, negotiation, execution, delivery, implementation, and consummation of the Plan and the Restructuring, as well as the negotiation, drafting, execution, execution and delivery (in the case of execution and delivery, to the extent such Party is a party thereto) of the Definitive DocumentsDocuments in accordance with Section 2 hereof. Furthermore, subject to and without limiting the terms and conditions hereof, each of the Parties shall (i) 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, filings and (ii) refrain from taking executing and delivering any action that would frustrate the purposes and intent of this Agreementother necessary agreements or instruments.
Appears in 1 contract
Samples: Transaction Support Agreement (Sinclair Broadcast Group Inc)