Common use of Implementation Steps by Target Clause in Contracts

Implementation Steps by Target. Target covenants in favour of Purchaser that Target shall: 2.4.1 subject to the terms of this Agreement, as soon as reasonably practicable, apply, in a manner reasonably acceptable to Purchaser, under Section 49 of the QCA for the Interim Order; 2.4.2 subject to the terms of this Agreement and in accordance with the Interim Order, as soon as reasonably practicable, convene and hold the Target Meeting for the purpose of considering the Arrangement Resolution; 2.4.3 subject to the terms of this Agreement, use commercially reasonable efforts to solicit from the Target Shareholders proxies in favour of the approval of the Arrangement Resolution; 2.4.4 obtain such approvals as are required by the Interim Order, proceed with and diligently pursue the application to the Court for the Final Order; and 2.4.5 subject to obtaining the Final Order and in accordance with Section 123.109 of the QCA, file with the Enterprise Registrar the Articles of Arrangement, and such other documentation as may be required in connection therewith, and obtain an endorsed certificate from the Enterprise Registrar in respect thereof.