Common use of Further Assurances; Frustration of Purposes Clause in Contracts

Further Assurances; Frustration of Purposes. The Company and each Major Shareholder shall do, or cause to be done, such further acts and execute and deliver, or to cause to be executed and delivered, such further agreements, instruments, certificates and other documents as may be reasonably necessary to effectuate and carry out the purposes of this Agreement. No party to this Agreement shall, directly or indirectly, do any act or thing which is intended to frustrate the provisions of this Agreement or prevent the effectuation of the purposes hereof, whether or not such act or thing is expressly prohibited under the terms hereof. Without limiting the generality of the foregoing, the Ghelxx Xxxreholders shall use their best efforts and take all action within their power to prevent the occurrence of an Ownership Change with respect to any of the Ghelxx Xxxreholders.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Cavco Industries Inc), Stock Purchase Agreement (Janal LTD Partnership)

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Further Assurances; Frustration of Purposes. The Company and each Major Shareholder shall do, or cause to be done, such further acts and execute and deliver, or to cause to be executed and delivered, such further agreements, instruments, certificates and other documents as may be reasonably necessary to effectuate and carry out the purposes of this Agreement. No party to this Agreement shall, directly or indirectly, do any act or thing which is intended to frustrate the provisions of this Agreement or prevent the effectuation of the purposes hereof, whether or not such act or thing is expressly prohibited under the terms hereof. Without limiting the generality of the foregoing, the Ghelxx Xxxreholders shall use their best efforts and take all action within their power to prevent the occurrence of an Ownership Change with respect to any of the Ghelxx Xxxreholders.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Janal LTD Partnership), Agreement and Plan of Merger (Cavco Industries Inc)

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