Common use of Obtaining Consents to Assignments Clause in Contracts

Obtaining Consents to Assignments. The Sellers shall use commercially reasonable efforts to obtain all the Consents, including the Third Party Consents, as shall be necessary to convey and assign to and vest in the Buyer all of its right, title and interest in and to the Assets, including, without limitation, any Claim, right or benefit arising thereunder or resulting therefrom, as soon as practicable. To the extent that rights under any Contract, Permit or other Asset to be assigned to the Buyer hereunder may not be assigned without the consent of another person, and such consent has not been obtained as of the date hereof, neither this Agreement nor any document executed by the parties hereto in connection with the Contemplated Transaction shall constitute an agreement to assign the same if any attempted assignment would constitute a breach thereof or would be unlawful, and the Sellers shall use commercially reasonable efforts to obtain any such Consents as promptly as possible.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Vertex Interactive Inc), Asset Purchase Agreement (Jag Media Holdings Inc), Asset Purchase Agreement (Jag Media Holdings Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!