Common use of Efforts; Consents and Approvals Clause in Contracts

Efforts; Consents and Approvals. At all times during the period from the date hereof until the earlier of the Closing or the termination of this Agreement in accordance with Article VI, upon the terms and subject to the conditions set forth in this Agreement, each of the parties shall use its commercially reasonable efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or advisable (subject to any applicable Laws) to consummate the Transactions as promptly as practicable, including the preparation and filing of all forms, registrations and notices required to be filed to consummate the Transactions, and the taking of such actions as are necessary to make or obtain any requisite filings, consents, Orders, permits, qualifications, registrations, exemptions or waivers from any third party or Governmental Entity. In addition, no party shall take any action during the aforementioned period (other than any action required to be taken under this Agreement) that could reasonably be expected to materially delay the making or obtaining of, or result in not making or obtaining, any filing, consent, Order, permit, qualification, registration, exemption or waiver from any Governmental Entity or other Person required to be obtained prior to the Closing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Oncor Electric Delivery Co LLC), Agreement and Plan of Merger (InfraREIT, Inc.)

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Efforts; Consents and Approvals. At all times during the period from the date hereof until the earlier of the Closing Effective Time or the termination of this Agreement in accordance with Article VIARTICLE V, upon the terms and subject to the conditions set forth in this Agreement, each of the parties shall use its commercially reasonable efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or advisable (subject to any applicable Laws) to consummate the Transactions Contribution as promptly as practicable, including the preparation and filing of all forms, registrations and notices required to be filed to consummate the TransactionsContribution, and the taking of such actions as are necessary to make or obtain any requisite filings, consents, Orders, permits, qualifications, registrations, exemptions or waivers from any third party or Governmental Entity. In addition, no party shall take any action during the aforementioned period (other than any action required to be taken under this Agreement) that could reasonably be expected to materially delay the making or obtaining of, or result in not making or obtaining, any filing, consent, Order, permit, qualification, registration, exemption or waiver from any Governmental Entity or other Person required to be obtained prior to the ClosingEffective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (InfraREIT, Inc.), Agreement and Plan of Merger (Oncor Electric Delivery Co LLC)

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