Common use of Governmental Authority Approvals Clause in Contracts

Governmental Authority Approvals. Seller and Buyer shall each use their commercially reasonable best efforts to cooperate with each other in determining and making any filings, notifications and requests for approval required to be made and received prior to the Closing under applicable law or regulation (collectively, the "Regulatory Approvals"). In connection with any Regulatory Approvals, neither Buyer nor Seller will, and Buyer and Seller will use their commercially reasonable efforts to cause their officers, directors, partners or other Affiliates not to, take any action which could reasonably be expected to materially and adversely affect the submission of any required filings or notifications or the grant of any such approvals.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Commerce One Inc / De/), Asset Purchase Agreement (Metatec Inc)

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Governmental Authority Approvals. Seller and Buyer shall each use their commercially reasonable best efforts to cooperate with each other in determining and making any filings, notifications and requests for approval required to be made and received prior to the Closing under applicable law or regulation (collectively, the "β€œRegulatory Approvals"”). In connection with any Regulatory Approvals, neither Buyer nor Seller will, and Buyer and Seller will use their commercially reasonable efforts to cause their officers, directors, partners or other Affiliates not to, take any action which could reasonably be expected to materially and adversely affect the submission of any required filings or notifications or the grant of any such approvals.

Appears in 1 contract

Samples: Asset Purchase Agreement (Artisoft Inc)

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Governmental Authority Approvals. Seller The Sellers and the Buyer shall each use their commercially reasonable best efforts to cooperate with each other in determining and making any filings, notifications and requests for approval required to be made and received prior to the Closing under applicable law or regulation (collectively, the "Regulatory Approvals"). In connection with any Regulatory Approvals, neither the Buyer nor any Seller will, and Buyer and Seller each of them will use their commercially its reasonable best efforts to not to, cause their or permit any of its officers, directors, partners or other Affiliates not to, take any action which that could reasonably be expected to materially and adversely affect the submission of any required filings or notifications or the grant of any such approvals.

Appears in 1 contract

Samples: Deposit Escrow Agreement (Insilco Holding Co)

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