Common use of Reasonable Best Efforts and Further Assurances Clause in Contracts

Reasonable Best Efforts and Further Assurances. Subject to the respective rights and obligations of DSNC and Tek under this Agreement, each of the parties to this Agreement will use its reasonable best efforts to effectuate the Merger and other transactions contemplated hereby, to fulfill and cause to be fulfilled the conditions to closing under this Agreement and to effect the Closing as soon as practicable; PROVIDED, that neither DSNC nor Tek nor any subsidiary or affiliate thereof will be required to agree to any divestiture by itself or any of its affiliates of shares of capital stock or of any business, assets or property, or the imposition of any material limitation on the ability of any of them to conduct their businesses or to own or exercise control of such assets, properties and stock. Subject to the first sentence of this Section 5.9, each party hereto, at the reasonable request of another party hereto, will execute and deliver such other instruments and do and perform such other acts and things as may be necessary or desirable for effecting completely the consummation of the transactions contemplated hereby, including but not limited to actions to be taken at and after the Effective Time.

Appears in 2 contracts

Samples: Merger Agreement (Data Systems Network Corp), Merger Agreement (Tekinsight Com Inc)

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Reasonable Best Efforts and Further Assurances. Subject to the respective rights and obligations of DSNC and Tek Alydaar under this Agreement, each of the parties to this Agreement will use its reasonable best efforts to effectuate the Merger and other transactions contemplated hereby, to fulfill and cause to be fulfilled the conditions to closing under this Agreement and to effect the Closing as soon as practicable; PROVIDED, provided that neither DSNC nor Tek Alydaar nor any subsidiary or affiliate thereof will be required to agree to any divestiture by itself or any of its affiliates of shares of capital stock or of any business, assets or property, or the imposition of any material limitation on the ability of any of them to conduct their businesses or to own or exercise control of such assets, properties and stock. Subject to the first sentence of this Section 5.9, each party hereto, at the reasonable request of another party hereto, will execute and deliver such other instruments and do and perform such other acts and things as may be necessary or desirable for effecting completely the consummation of the transactions contemplated hereby, including but not limited to actions to be taken at and after the Effective Time.

Appears in 2 contracts

Samples: Merger Agreement (Alydaar Software Corp /Nc/), Merger Agreement (Data Systems Network Corp)

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