Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 5 contracts
Sources: Merger Agreement (Avalon GloboCare Corp.), Merger Agreement, Merger Agreement (Spherix Inc)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each Each of the parties hereto Company and Parent shall, and shall cause their respective controlled affiliates to, cooperate in good faith with all Governmental Entities and use its commercially their reasonable best efforts to take, or (A) cause the expiration of the notice periods under the HSR Act and any other Laws with respect to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish hereby as promptly as is reasonably practicable after the following: (i) the taking execution of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (ivB) the defending of any suitsresolve such objections, claimsif any, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered as may be asserted by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary with respect to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on hereby and (C) undertake any reasonable actions required to lawfully complete the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement Merger and the transactions contemplated hereby. Notwithstanding anything Except where prohibited by applicable Legal Requirements, Parent shall be entitled to lead any proceedings or negotiations with any Governmental Entity related to the contrary in this Agreementforegoing, nothing in this Agreement provided that it shall afford the Company the opportunity to participate therein. Notwithstanding the foregoing, neither the Company nor Parent shall be deemed required to require Purchaser and take (and, for the avoidance of doubt, the Company shall not take without Parent’s consent) any action which (x) is reasonably likely to have a material adverse effect on the condition (financial or any subsidiary otherwise), business, assets, liabilities or affiliate thereof to agree to any divestiture by itself results of operations of either Parent (or any of its affiliates subsidiaries), the Company (or any of shares of capital stock or of any business, assets or property, its subsidiaries) or the imposition of Surviving Corporation, taken individually or in the aggregate, (any material limitation such action, a “Burdensome Condition”) or (y) is not conditioned on the ability consummation of the Merger. Notwithstanding anything in this Agreement to the Contrary, neither the Company nor Parent shall be required to contest through litigation any of them to conduct their businesses objection, action or to own or exercise control of such assets, properties and stockproceeding by any Governmental Entity.
Appears in 4 contracts
Sources: Agreement and Plan of Reorganization (Visual Sciences, Inc.), Agreement and Plan of Reorganization (Omniture, Inc.), Agreement and Plan of Reorganization (Omniture, Inc.)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using commercially reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactionsactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, of the transactions contemplated by in this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, reversed and (v) the execution or delivery of any additional certificates, instruments and other documents reasonably necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each Parent and its board of Purchaser directors and the Company and its respective Board board of Directors directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all its commercially reasonable efforts to ensure that enable the Merger and the other transactions contemplated by this Agreement may to be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated herebyAgreement. Notwithstanding anything herein to the contrary in this Agreementcontrary, nothing in this Agreement shall be deemed to require Purchaser and Parent or the Company or any subsidiary or affiliate thereof 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 business or to own or exercise control of such assets, properties and stock.
Appears in 4 contracts
Sources: Merger Agreement (Juniper Partners Acquisition Corp.), Merger Agreement (Key Hospitality Acquisition CORP), Merger Agreement (Juniper Partners Acquisition Corp.)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the followingbut not limited to: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactionsnon-actions, waivers, consents, approvals, orders consents and authorizations approvals from all Governmental Authority, Entities and the making of all necessary registrationsapplications, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), Entities) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityEntity (including those in connection with the HSR Act, state takeover statutes and Gaming Laws), (iiiii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iviii) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity with respect to the Merger or this Agreement vacated or reversed, (iv) taking any and all actions necessary to satisfy all of the conditions applicable to such party as set forth in Article VI of this Agreement, and (v) the execution or delivery of executing and delivering any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, by this Agreement. In connection with and without limiting the foregoing, each .
(b) Each of Purchaser and the Company and its respective Board of Directors shallCrescent shall use all reasonable efforts not to take any action that, if in any state takeover statute or similar statute or regulation is or becomes applicable such case, might reasonably be expected to the Merger, this Agreement or (i) cause any of the transactions contemplated representations or warranties made by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by it in this Agreement may that is qualified as to materiality to be consummated as promptly as practicable on untrue, (ii) cause any of the terms contemplated representations or warranties made by it contained in this Agreement and otherwise that is not so qualified to minimize the effect be untrue in any material respect, (iii) result in a breach of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary any covenant made by it in this Agreement, nothing (iv) result directly or indirectly in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof to agree to any divestiture by itself or any of its affiliates of shares of capital stock the conditions to the Merger set forth in Article VI not being satisfied or of any business, assets or property, or the imposition of any material limitation on (v) impair the ability of any the parties to consummate the Merger at the earliest practicable time (regardless of them whether such action would otherwise be permitted or not prohibited hereunder).
(c) The Company shall use its reasonable best efforts to conduct their businesses or restructure its existing leases prior to own or exercise control the Effective Time so that the terms thereof shall conform to the provisions of such assets, properties and stockSection 22.3 of the Master Lease Agreement (as hereinafter defined).
Appears in 3 contracts
Sources: Merger Agreement (Crescent Real Estate Equities Co), Merger Agreement (Station Casinos Inc), Merger Agreement (Crescent Real Estate Equities Co)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this AgreementAgreement and in accordance with applicable Laws, each of the parties hereto shall to this Agreement will use its commercially reasonable best efforts to take, or cause to be taken, all actions, actions and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to ensure that the conditions set forth in Article VI are satisfied and to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this AgreementAgreement as promptly as practicable, including, without limitation, using reasonable efforts to accomplish the following: including (i) the taking of obtaining all reasonable necessary actions necessary to cause the conditions precedent set forth in this Agreement to be satisfiedor non-actions, waivers, consents and approvals from any Governmental Entity, (ii) if applicable, making, as promptly as practicable, an appropriate filing with the obtaining United States Federal Trade Commission (the “FTC”) and the Antitrust Division of all necessary actions or nonactionsthe United States Department of Justice (the “Antitrust Division”) of a Notification and Report Form pursuant to the HSR Act with respect to the transactions contemplated hereby, waiversas applicable, consents, approvals, orders and authorizations from Governmental Authoritywhich filings shall specifically request early termination of the waiting period prescribed by the HSR Act, and submitting as promptly as practicable any supplemental information requested in connection therewith pursuant to the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityHSR Act, (iii) the making, as promptly as practicable, appropriate filings under any Foreign Merger Control Law, if required, (iv) obtaining of all necessary consents, approvals or waivers from from, or taking other actions with respect to, third parties which may necessary or advisable to be required obtained or desirable as a result of, or taken in connection with, with the transactions contemplated by this AgreementAgreement (provided, however, in no event shall obtaining such consents, approvals or waivers be required as a condition to Closing hereunder), (ivv) the defending subject to first having used its commercially reasonable efforts to negotiate a reasonable resolution of any suitsobjections underlying such lawsuits or other legal proceedings, claims, actions, investigations defending and contesting any lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated herebyby this Agreement, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, (vi) promptly obtaining (including drawing down) the Financing and/or any alternative financing, and (vvii) the execution or delivery of executing and delivering any additional certificates, instruments and other documents necessary to consummate the transactions contemplated byhereby, and to fully carry out the purposes of, of this Agreement. In connection with .
(b) Parent and without limiting the foregoing, each of Purchaser Merger Sub and the Company will cooperate and consult with each other in connection with the making of all such filings, notifications and any other material actions pursuant to this Section 5.8, subject to applicable Law, by permitting counsel for the other party to review in advance, and consider in good faith the views of the other party in connection with, any proposed material written communication to any Governmental Entity and by providing counsel for the other party with copies of all filings and submissions made by such party and all correspondence between such party (and its respective Board advisors) with any Governmental Entity and any other information supplied by such party and such party’s Affiliates to or received from any Governmental Entity in connection with the transactions contemplated by this Agreement; provided, however, that material may be redacted (x) as necessary to comply with contractual arrangements, (y) as necessary to address good faith legal privilege or confidentiality concerns and (z) as necessary to comply with applicable Law. Neither Parent and Merger Sub nor the Company shall consent to any voluntary extension of Directors shall, if any state takeover statute statutory deadline or similar statute waiting period or regulation is or becomes applicable to any voluntary delay of the Merger, consummation of the transactions contemplated by this Agreement at the behest of any Governmental Entity without the consent of the other party (which consent shall not be unreasonably withheld, delayed or conditioned).
(c) Each of Parent and Merger Sub and the Company will promptly inform the other party upon receipt of any material communication from the FTC, the Antitrust Division, or any Governmental Entity regarding any of the transactions contemplated by this Agreement. If Parent and Merger Sub or the Company (or any of their respective Affiliates) receives a request for additional information or documentary material from any such Person that is related to the transactions contemplated by this Agreement, then such party will endeavor in good faith to make, or cause to be made, as soon as reasonably practicable and after consultation with the other party, an appropriate response in compliance with such request. The parties agree not to participate, or to permit their Affiliates to participate, in any substantive meeting or discussion with the FTC, the Antitrust Division, or any Governmental Entity in connection with the transactions contemplated by this Agreement unless, except where prohibited by Law, it so consults with the other party in advance and, to the extent not prohibited by the FTC, the Antitrust Division, or such Governmental Entity, gives the other party the opportunity to attend and participate. Each party will advise the other party promptly of any understandings, undertakings or agreements (oral or written) which the first party proposes to make or enter into with the FTC, the Antitrust Division, or any Governmental Entity in connection with the transactions contemplated by this Agreement. In furtherance and not in limitation of the foregoing, each party will use all its commercially reasonable efforts (i) to resolve any objections that may be asserted with respect to the transactions contemplated by this Agreement under any antitrust, competition, premerger notification, trade regulation or merger control Law, including (subject to first having used commercially reasonable efforts to ensure negotiate a resolution to any such objections) contesting and resisting any action or proceeding, and (ii) to have vacated, lifted, reversed or overturned any decree, judgment, injunction or other Order, whether temporary, preliminary or permanent, that is in effect and that prohibits, prevents or restricts consummation of the Merger and or the other transactions contemplated by this Agreement may be consummated and to have such statute, rule, regulation, decree, judgment, injunction or other Order repealed, rescinded or made inapplicable so as promptly as practicable on to permit consummation of the terms transactions contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 3 contracts
Sources: Merger Agreement (Emageon Inc), Merger Agreement (Health Systems Solutions Inc), Merger Agreement (Health Systems Solutions Inc)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each Each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the Offer Conditions and the conditions precedent set forth in this Agreement Article VII to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result ofparties, or in connection with, the transactions contemplated by this Agreementincluding all Necessary Consents, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation other Legal Requirement is or becomes applicable to the Offer, the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to render inapplicable or minimize the effect of such takeover statute or regulation other Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 3 contracts
Sources: Merger Agreement (Paravant Inc), Merger Agreement (Paravant Inc), Merger Agreement (DRS Technologies Inc)
Reasonable Efforts. Upon Subject to the express provisions of Sections 5.1, 5.2 and 5.3 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its all commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using all commercially reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, ; (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, Entity; (iii) the obtaining of all necessary consents, approvals waivers and approvals, in a form and substance reasonably acceptable to Inovio, of any parties to any Contract of VGX or waivers from third parties which may be any of its Subsidiaries listed on Schedule 5.9(d)(iii) as are required or desirable as a result of, or thereunder in connection with, with the transactions contemplated by this Agreement, Merger; (iv) the obtaining of all necessary consents, waivers and approvals, in a form and substance reasonably acceptable to VGX, of any parties to any Contract of Inovio or any of its Subsidiaries listed on Schedule 5.9(d)(iv) as are required thereunder in connection with the Merger; (v) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, administrative (including actions by a private party) challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, ; and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 3 contracts
Sources: Merger Agreement (Inovio Biomedical Corp), Agreement and Plan of Merger (Inovio Biomedical Corp), Agreement and Plan of Merger (Inovio Biomedical Corp)
Reasonable Efforts. Upon (a) Subject to the terms and subject to the conditions set forth in of this Agreement, each of the parties hereto shall Elf and Parent will use its commercially their reasonable best efforts to take, or cause to be taken, all actions, actions and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, doing all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement. In furtherance and not in limitation of the foregoing, including, without limitation, using each of Parent and Elf agrees (i) to make an appropriate filing of a Notification and Report Form pursuant to the HSR Act with respect to the transactions contemplated hereby as promptly as reasonably practicable after the date hereof and to supply as promptly as reasonably practicable any additional information and documentary material that may be requested by the FTC or the Antitrust Division or any other Governmental Entity pursuant to the HSR Act and (ii) to use reasonable efforts to accomplish cause the following: expiration or termination of the applicable waiting periods under the HSR Act (iand to obtain the necessary approvals under any foreign laws, rules or regulations) as soon as reasonably practicable; provided, that, Parent shall not be required to agree, and Elf shall not agree without Parent's consent, to waive any rights or to accept any limitation on its operations
(1) promptly notify the taking other party of any communication from the FTC, the Antitrust Division or any State Attorney General or any other Governmental Entity, and subject to applicable Law, permit the other party to review in advance any proposed written communication to any of the foregoing and to accept all reasonable additions, deletions or changes suggested in connection therewith; (2) not agree to participate in any substantive meetings or discussions with any Governmental Entity in respect of any filings, investigations, or inquiry concerning the transactions contemplated by this Agreement unless it consults with the other party in advance and, to the extent permitted by such Governmental Entity, gives the other party the opportunity to attend and participate thereat; and (3) furnish the other party's counsel, subject to appropriate confidentiality procedures, with copies of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfiedcorrespondence, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authorityfilings, and communications (and memoranda setting forth the making of all necessary registrations, declarations substance thereof) between them and filings (including registrations, declarations their respective representatives and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, Entity or their respective staffs.
(iiib) the In connection with obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or financing in connection with, with the transactions contemplated by this Agreement, at the reasonable request of Parent, Elf (ivi) agrees to enter into such agreements, agrees to use reasonable best efforts to deliver such officers certificates and opinions as are customary in a financing and as are, in the defending good faith determination of the persons executing such officers certificates or opinions, accurate, and agrees to pledge, grant security interests in, and otherwise grant liens on, its assets pursuant to such agreements as may be reasonably requested, provided that no obligation of Elf under any suitssuch agreement, claimspledge, actionsor grant shall be effective until the Effective Time; provided, investigations further, that all expenses, liabilities or proceedings, whether judicial costs of Elf reasonably incurred in connection herewith shall be the responsibility of Parent and any obligations entered into in connection herewith shall be terminated with no liability to Elf or administrative, challenging its Subsidiaries in the event this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, is terminated in accordance with its terms and (vii) in each case, with such assurances of confidentiality reasonably acceptable to Elf, will provide to the execution or delivery of any additional certificates, instruments lenders specified by Parent financial and other documents necessary information in Elf's possession with respect to consummate the transactions contemplated by, Elf and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated Transaction (as promptly as practicable on defined in the terms contemplated by this Agreement TULIP Merger Agreement), will make Elf's senior officers and financial and accounting personnel available to assist such lenders, and otherwise to minimize will cooperate in connection with the effect consummation of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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 stockfinancing.
Appears in 3 contracts
Sources: Merger Agreement (Flowers Industries Inc /Ga), Merger Agreement (Keebler Foods Co), Merger Agreement (Kellogg Co)
Reasonable Efforts. Upon (a) Subject to the terms and subject to the conditions set forth in of this Agreement, each of the parties hereto Party shall use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto Party in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this AgreementAgreement and the Transaction Documents.
(b) Seller and Purchaser will cooperate and, includingSeller shall, without limitationand shall cause the Target Entities to, using use their respective reasonable best efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps obtain as may be necessary to avoid promptly as practicable any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or and waivers required from third parties which may be required or desirable as a result of, or persons pursuant to any Contracts in connection with, with the consummation of the transactions contemplated by this Agreement. With respect to any Contract for which any consent has not been obtained prior to the Closing, in the event that the Closing occurs, Seller shall continue to use reasonable best efforts to obtain any such consent after the Closing until either such consent has been obtained or Seller and Purchaser mutually agree, in good faith, that such consent cannot reasonably be obtained. Nothing in this Section 5.3(b) shall require Purchaser to expend any material sum, make a material financial commitment or grant or agree to any material concession to any third Person to obtain any such consent, approval or waiver.
(c) Each party shall, (ivi) within two (2) Business Days of the defending date hereof, make, or cause to be made, all filings and submissions (including those (A) under the HSR Act and (B) related to the approval required by the Turks & Caicos Islands Financial Services Commission with respect to changes of shareholders, directors and officers of FIC) required under any Law applicable to such party or any of its Affiliates, and give such reasonable undertakings as may be required in connection therewith, including a request for early termination of any suitsapplicable waiting period, claimsrequest early termination of the waiting period; and (ii) as promptly as practicable, actionsuse reasonable best efforts to obtain, investigations or proceedingscause to be obtained, whether judicial all consents, authorizations and approvals from all Governmental Authorities necessary to be obtained by such party or administrativeany of its Affiliates, challenging in each case in connection with this Agreement or the Transaction Documents or the consummation of the transactions contemplated herebyhereby or thereby, provided that (A) Seller and his Affiliates shall not give any undertakings, make any commitments or enter into any agreements that would be binding upon Purchaser or any of its Affiliates, including, after the Closing, the Target Entities, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each prior written consent of Purchaser and the Company and (B) neither Purchaser nor any of its respective Board Affiliates shall be required to take any action that involves divestiture of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement an existing business of Purchaser or any of his Affiliates, including, after the Closing, the Target Entities, that involves unreasonable expense or that could reasonably be expected to impair the overall benefit expected to be realized from the consummation of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger Agreement and the other Transaction Documents.
(d) Promptly following (and in any event, within two (2) Business Days of the date hereof), Seller shall notify the Arizona Department of Insurance (the “ADI”) of the transactions contemplated by this Agreement may and that the licensing application of SAC Insurance with the ADI will therefore be consummated as promptly as practicable on amended. Following the terms contemplated by this Agreement Closing, Seller and otherwise Purchaser shall cooperate to minimize the effect amend such licensing application to reflect Purchaser’s ownership of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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 stockSAC Insurance.
Appears in 3 contracts
Sources: Equity Interest Purchase Agreement (Fortegra Group, LLC), Equity Interest Purchase Agreement (Fortegra Group, LLC), Equity Interest Purchase Agreement (Tiptree Inc.)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each (a) Each of the parties hereto shall Company, Parent and Merger Sub agree to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things reasonably necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, effective the transactions contemplated by this Agreement as soon as reasonably practicable, including such actions or things as any party hereto may reasonably request in order to cause any of the conditions to any other party's obligation to consummate such transactions specified in Article VII and Annex A to be fully satisfied, and to promptly cooperate with and furnish information to each other in connection with any requirements imposed upon any of them with respect thereto. Without limiting the generality of the foregoing, the parties shall (and shall cause their respective directors, officers and Subsidiaries, and use their reasonable efforts to cause their respective Affiliates, employees, agents, attorneys, accountants and representatives, to) consult and fully cooperate with and provide reasonable assistance to each other in (i) the preparation and filing of any documents with the Commission contemplated hereby (including any necessary amendments or supplements); (ii) using commercially reasonable efforts to obtain all necessary consents, approvals, waivers, licenses, permits, authorizations, registrations, qualifications, or other permission or action by, and giving all necessary notices to and making all necessary filings with and applications and submissions to, any Governmental Entity or other Person required to be obtained or made by Parent, Merger Sub, the Company or any of their Subsidiaries in connection with the Offer, the Merger or the taking of any action contemplated thereby or by this Agreement, ; (iii) filing all pre-merger notification and report forms required under the Hart-▇▇▇▇▇ ▇▇▇ and responding to any requests for additional information made by any Governmental Entity pursuant to the Hart-▇▇▇▇▇ ▇▇▇; (iv) the defending using commercially reasonable efforts to lift any Injunction of any suitstype referred to in Section 7.1(c); (v) providing all such information about such party, claimsits Subsidiaries and its officers, actionsdirectors, investigations partners and Affiliates and making all applications and filings as may be necessary or proceedingsreasonably requested in connection with any of the foregoing; and (vi) in general, whether judicial or administrative, challenging this Agreement or the consummation of using commercially reasonable efforts to consummate and make effective the transactions contemplated herebythereby; provided, includinghowever, without limitationthat in making any such filing and in order to obtain any consent, seeking to have any stay or temporary restraining order entered by any court approval, waiver, license, permit, authorization, registration, qualification, or other permission or action or the lifting of any Injunction referred to in this sentence, (A) no party shall be required to pay any consideration, to divest itself of any of, or otherwise rearrange the composition of, any of its assets or to agree to any of the foregoing or any other condition or requirement that is materially adverse or burdensome; (B) Parent shall not be required to take any action pursuant to the foregoing if the taking of such action is reasonably likely to result in the imposition of a condition or restriction of the type referred to in paragraphs (a), (b) or (c) of Annex A; and (C) without Parent's prior consent, the Company shall not, and shall not permit any of its Subsidiaries to, amend any material License or material Contract, pay any consideration or make any agreement or reach any understanding or arrangement other than in the ordinary course of business consistent with prior practice. Prior to making any application to or filing with any Governmental Entity vacated or reversedother Person in connection with this Agreement, each party shall provide the other party with drafts thereof and (v) afford the execution other party a reasonable opportunity to comment on such drafts. In case at any time after the Effective Time any further action is necessary or delivery of any additional certificates, instruments and other documents necessary desirable to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, the proper officers and directors of each party to this Agreement then in office shall use all commercially their reasonable best efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of take all such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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 stockaction.
Appears in 3 contracts
Sources: Merger Agreement (On Command Corp), Merger Agreement (Liberty Media Corp /De/), Merger Agreement (Ascent Entertainment Group Inc)
Reasonable Efforts. Upon Subject to the express provisions of Section 6.2 and Section 6.3 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VII to be satisfied, ; (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, Entity; (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, parties; (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, ; and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 3 contracts
Sources: Merger Agreement (Scopus Video Networks Ltd.), Merger Agreement (Harmonic Inc), Merger Agreement (Scopus Video Networks Ltd.)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all commercially reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, reversed and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof to agree to any divestiture by itself or contrary, neither Parent nor any of its affiliates shall be under any obligation to effect an Action 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 stockDivestiture.
Appears in 3 contracts
Sources: Merger Agreement (Tangram Enterprise Solutions Inc), Merger Agreement (Imanage Inc), Merger Agreement (Interwoven Inc)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using commercially reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactionsactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, of the transactions contemplated by in this Agreement, including without limitation the consents listed in Schedule 2.5 of the Company Schedule, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, reversed and (v) the execution or delivery of any additional certificates, instruments and other documents reasonably necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each Parent and its board of Purchaser directors and the Company and its respective Board board of Directors directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all its commercially reasonable efforts to ensure that enable the Merger and the other transactions contemplated by this Agreement may to be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated herebyAgreement. Notwithstanding anything herein to the contrary in this Agreementcontrary, nothing in this Agreement shall be deemed to require Purchaser and Parent or the Company or any subsidiary or affiliate thereof 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 business or to own or exercise control of such assets, properties and stock.
Appears in 2 contracts
Sources: Merger Agreement (Ithaka Acquisition Corp), Agreement and Plan of Merger (Ithaka Acquisition Corp)
Reasonable Efforts. Upon (a) Subject to the terms and subject to the conditions set forth of this Agreement and applicable law, in this Agreementconnection with an Exchange, each of the parties hereto Eligible Holder exercising its Exchange Right and Silver King shall use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things reasonably necessary, proper or advisable to consummate and make effectiveeffective such Exchange as soon as reasonably practicable following the receipt or delivery by Silver King of an Exchange Notice, including such actions or things as Silver King or such Eligible Holder may reasonably request in order to cause the most expeditious manner practicableconsummation of an Exchange following the receipt or delivery by Silver King of an Exchange Notice. Without limiting the generality of the foregoing, the Merger such Eligible Holder and the other transactions contemplated by this AgreementSilver King shall (and shall cause their respective subsidiaries, including, without limitation, using and use their reasonable efforts to accomplish the following: cause their respective affiliates, directors, officers, employees, agents, attorneys, accountants and representatives, to) consult and fully cooperate with and provide reasonable assistance to each other in (i) obtaining all necessary Governmental Consents and Contract Consents, and giving all necessary Contract Notices to and making all necessary Governmental Filings and other necessary filings with and applications and submissions to, any Governmental Entity or other person or entity; (ii) lifting any permanent or preliminary injunction or restraining order or other similar order issued or entered by any court or Governmental Entity in connection with an Exchange; (iii) providing all such information about such party, its subsidiaries and its officers, directors, partners and affiliates and making all applications and filings as may be necessary or reasonably requested in connection with any of the taking foregoing; and (iv) in general, consummating and making effective the transactions contemplated hereby; provided, however, that, other than in connection with the performance of all reasonable actions necessary its obligations with respect to cause the consummation of a Restructuring Transaction as provided in Section 7.5(b), in order to obtain any such Consent, or the lifting of any injunction or order referred to in clauses (i) and (ii) of this sentence, neither such Eligible Holder nor Silver King shall be required to (x) pay any consideration, to divest itself of any of, or otherwise rearrange the composition of, its assets or to agree to any conditions precedent set forth in this Agreement or requirements which could reasonably be expected to be satisfiedmaterially adverse or burdensome to its respective businesses, assets, financial condition or results of operations, or (y) amend, or agree to amend, in any material respect any Contract. Prior to making any application to or filing with any Governmental Entity or other person or entity in connection with an Exchange, each of Silver King and the applicable Eligible Holder shall provide the other party with drafts thereof and afford the other party a reasonable opportunity to comment on such drafts.
(b) In addition to the foregoing paragraph (a), Silver King shall take such reasonable action which may be necessary in order that (i) it may validly and legally deliver fully paid and nonassessable shares of Silver King Common Stock or Silver King Class B Stock upon any surrender of shares of Surviving Common Stock or Surviving Class B Stock, as applicable, for exchange pursuant to this Agreement, (ii) the obtaining delivery of all necessary actions shares of Silver King Common Stock and Silver King Class B Stock in accordance with this Agreement is exempt from the registration or nonactions, waivers, consents, approvals, orders qualification requirements of the Securities Act and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authoritiesapplicable state securities laws or, if any)no such exemption is available, that the offer and Exchange of such shares of Silver King Common Stock and Silver King Class B Stock have been duly registered or qualified under the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthoritySecurities Act and applicable state securities laws, (iii) the obtaining shares of all necessary consentsSilver King Common Stock (including the shares of Silver King Common Stock issuable upon conversion of any shares of Silver King Class B Stock), approvals delivered upon such Exchange are listed for trading on the Nasdaq National Market or waivers from third parties which may be required or desirable as on a result of, or in connection with, the transactions contemplated by this Agreement, national securities exchange (upon official notice of issuance) and (iv) the defending shares of Silver King Common Stock or Silver King Class B Stock, as applicable, delivered upon such Exchange are free of preemptive rights and any suits, claims, actions, investigations liens or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or adverse claims (other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or than any of the transactions contemplated foregoing created or caused by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of Person receiving such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary shares in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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 stockExchange).
Appears in 2 contracts
Sources: Exchange Agreement (Diller Barry), Exchange Agreement (HSN Inc)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this Agreement, unless, to the extent permitted by Section 4.3, the Board of Directors of the Company approves or recommends a superior proposal, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the followingbut not limited to: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactionsnon-actions, waivers, consents, approvals, orders consents and authorizations approvals from all Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), Entities) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityEntity (including those in connection with the HSR Act, state takeover statutes and Gaming Laws), (iiiii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iviii) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity with respect to the Merger or this Agreement vacated or reversed, and (viv) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, .
(b) The Company shall use all commercially reasonable efforts not to ensure that the Merger and the other transactions contemplated by take any action that, in any such case, might reasonably be expected to (i) cause any of its representations or warranties contained in this Agreement may that is qualified as to materiality to be consummated as promptly as practicable on the terms contemplated by untrue, (ii) cause any of its representations or warranties contained in this Agreement and otherwise that is not so qualified to minimize the effect be untrue in any material respect, (iii) result in a breach of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary any covenant made by it in this Agreement, nothing (iv) result directly or indirectly in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof to agree to any divestiture by itself or any of its affiliates of shares of capital stock the conditions to the Merger set forth in Article VI not being satisfied or of any business, assets or property, or the imposition of any material limitation on (v) impair the ability of any the parties to consummate the Merger at the earliest practicable time (regardless of them to conduct their businesses whether such action would otherwise be permitted or to own or exercise control of such assets, properties and stocknot prohibited hereunder).
Appears in 2 contracts
Sources: Agreement and Plan of Merger (Itt Corp /Nv/), Merger Agreement (Itt Corp /Nv/)
Reasonable Efforts. Upon (a) Subject to the terms and subject to the conditions set forth in of this Agreement, each of the parties hereto shall Parties shall: (i) promptly make their respective filings and thereafter make any other required submissions under all applicable laws with respect to the Merger and the other transactions contemplated hereby; and (ii) use its commercially their reasonable best efforts to taketake promptly, or cause to be taken, all actions, other actions and to do, or cause to be done, and to assist and cooperate with the all other parties hereto in doing, all things necessary, proper or advisable appropriate to consummate and make effectiveeffective the transactions contemplated by this Agreement as soon as practicable.
(b) Parent and the Company shall keep each other reasonably apprised of the status of matters relating to the completion of the transactions contemplated hereby and work cooperatively in connection with obtaining all required approvals or consents, including approvals or consents of any governmental authority (whether domestic, foreign or supranational). In that regard, each party shall without limitation: (i) promptly notify the other of, and if in writing, furnish the other with the copies of (or, in the most expeditious manner practicablecase of material oral communications, advise the other orally of) any communications from or with any governmental authority (whether domestic, foreign of supranational) with respect to the Merger and or any of the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) permit the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders other to review and authorizations from Governmental Authoritydiscuss in advance, and consider in good faith the making views of all necessary registrationsthe other in connection with, declarations and filings any proposed written (including registrations, declarations and filings or any material proposed oral) communication with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authoritysuch governmental authority, (iii) not participate in any meeting with any such governmental authority unless it consults with the obtaining other in advance and to the extent permitted by such governmental authority gives the other the opportunity to attend and participate thereat, and (iv) furnish the other with copies of all necessary consentscorrespondence, approvals filings and communications (and memoranda setting forth the substance thereof) between it and any such governmental authority with respect to this Agreement and the Merger.
(c) Each of the Company and Parent shall promptly notify the other party of:
(i) any notice or waivers other communication from third parties which any Person alleging that the consent of such Person is or may be required or desirable as a result of, or in connection withwith the transactions contemplated by this Agreement if the failure of the Company or Parent, as the case may be, to obtain such consent would be material to the Company or Parent as applicable; and
(ii) any notice or other communication from any governmental or regulatory agency or authority in connection with the transactions contemplated by this Agreement, .
(ivd) The Company and Parent shall promptly notify the defending other party of any actions, suits, claims, actions, investigations or proceedingsproceedings commenced or, whether judicial to its Knowledge, threatened against, relating to or administrative, challenging this Agreement involving or otherwise affecting such party or any of its Subsidiaries which relate to the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Data Return Corp), Merger Agreement (Divine Inc)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate obtain the adoption of this Agreement and make effectivethe approval of the Governance Provisions by the stockholders of the Company as contemplated by Sections 4.1(a), in the most expeditious manner practicable4.1(b) and 4.2(a) hereof and to consummate, as soon as practicable following such approval, the Merger and the other transactions contemplated by this Agreement and the Distribution Agreement, including, without limitation, using reasonable efforts but not limited to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (iia) the obtaining of all necessary actions or nonactionsactions, waivers, consents, approvals, orders consents and authorizations approvals from all Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), Entities) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityEntity (including those in connection with the HSR Act), (iiib) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (ivc) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement, the Distribution Agreement or the consummation of the transactions contemplated herebyhereby or thereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable respect to the Merger, this Agreement or the Distribution Agreement vacated or reversed, (d) the execution and delivery of any of additional instruments necessary to consummate the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything Distribution Agreement and (e) causing all conditions to the contrary parties' obligations to consummate (i) the Merger set forth in this AgreementArticle 4 hereof and (ii) the Distribution set forth in Section 2.1(b) of the Distribution Agreement to be satisfied. The Company and UNITRIN, nothing in this Agreement upon the other's request, shall be deemed provide all such information reasonably necessary to require Purchaser accomplish the foregoing concerning the party's business and affairs to the Company or any subsidiary or affiliate thereof 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 stockother party.
Appears in 2 contracts
Sources: Merger Agreement (Curtiss Wright Corp), Merger Agreement (Unitrin Inc)
Reasonable Efforts. Upon (a) Subject to the terms and conditions of this Agreement (including Section 7.4 hereof) and applicable law, and (with respect to Parent) subject to the conditions set forth in this Agreementlast proviso of the following sentence, each of the parties hereto shall use its commercially reasonable best efforts to take, or cause to be taken, all actions, actions and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things reasonably necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, effective the transactions contemplated by this AgreementAgreement as soon as reasonably practicable, including such actions or things as any other party hereto may reasonably request in order to cause any of the conditions to such party's obligation to consummate such transactions specified in Article VIII to be fully satisfied. Without limiting the generality of the foregoing, each of the parties hereto shall (ivand each shall cause its directors, officers and Subsidiaries, and use its reasonable efforts to cause its Affiliates, employees, agents, attorneys, accountants and representatives, to) consult and fully cooperate with and provide reasonable assistance to each other in (A) the defending preparation and filing with the Commission of the Registration Statement, the preliminary proxy statement referred to in Section 3.2, the Proxy Statement and any suitsnecessary amendments or supplements to any of the foregoing; (B) seeking to have such Registration Statement declared effective by the Commission as soon as reasonably practicable after filing; (C) taking such actions as may reasonably be required under applicable state securities or blue sky laws in connection with the issuance of the Stock Consideration; (D) using commercially reasonable efforts to obtain all required consents, claimsapprovals, actionswaivers, investigations licenses, permits, authorizations, registrations, qualifications, or proceedingsother permission or action by, whether judicial and to give all required notices to and to make all required filings with and applications and submissions to, any Governmental Entity or administrativeother Person, challenging this Agreement or in each case required in order to cause any of the consummation of conditions to each other party's obligation to consummate the Merger and the transactions contemplated hereby, including, without limitation, seeking hereby to have be fully satisfied; (E) filing all pre- merger notification and report forms required under the ▇▇▇▇-▇▇▇▇▇ Act and responding to any stay requests for additional information made by any Governmental Entity pursuant to the ▇▇▇▇-▇▇▇▇▇ Act; (F) using commercially reasonable efforts (which in the case of Parent do not require the commencement of litigation) to cause the lifting of any permanent or temporary preliminary injunction or restraining order or other similar order issued or entered by any court or other Governmental Entity vacated (an "Injunction") of any type referred to in Section 8.2(d), 8.3(d) or reversed8.4(d); (G) providing all such information about such party, its Subsidiaries and its officers, directors, partners and Affiliates, and making all applications and filings, as may be necessary or reasonably requested in connection with any of the foregoing; and (vH) the execution or delivery of any additional certificatesin general, instruments and other documents necessary using commercially reasonable efforts to consummate and make effective the transactions contemplated byhereby; provided, however, that in making any such filing and in order to fully carry out obtain any consent, approval, waiver, license, permit, authorization, registration, qualification, or other permission or action or the purposes oflifting of any Injunction referred to in this sentence, this Agreement. In connection with (x) neither the Company, nor Liberty Media, nor Parent, nor any of their respective Affiliates shall be required to (and without limiting the foregoingprior written consent of Liberty Media and Parent, each of Purchaser and the Company and its respective Board Affiliates shall not): (i) pay any consideration; (ii) surrender, modify or amend in any substantive respect any License or Contract (including this Agreement), (iii) hold separately (in trust or otherwise), divest itself of, or otherwise rearrange the composition of, any of Directors shallits assets, (iv) agree to any limitations on any such Person's freedom of action with respect to future acquisitions of assets or with respect to any existing or future business or activities or on the enjoyment of the full rights of ownership, possession and use of any asset now owned or hereafter acquired by any such Person, or (v) agree to any of the foregoing or any other conditions or requirements of any Governmental Entity or other Person that are materially adverse or burdensome; (y) Parent shall not be required to take any action pursuant to the foregoing if the taking of such action is reasonably likely to result in the imposition of a condition or restriction of the type referred to in Section 8.3(e); and (z) Liberty Media and the Company recognize that Parent may allocate resources in whatever manner it reasonably deems appropriate; and provided, further, that Parent and its Subsidiaries shall not be required to take any state takeover statute such action, or similar statute any other action pursuant to this Section 3.4, except to the extent that such action is required by statute, rule or regulation is to be taken by or becomes applicable in the name of Parent or such Subsidiary (as opposed to by or in the Merger, this Agreement name of Liberty Media or any of the Company or a Subsidiary thereof) in connection with the transactions contemplated by this AgreementAgreement and, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect in such event, Parent (or such Subsidiary of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement Parent) shall be deemed required only to require Purchaser make filings and the Company statements of fact and shall not under any circumstances be required to commit or be committed to take or refrain from taking any subsidiary action or affiliate thereof to agree be subject to any divestiture by itself restriction that relates to any business, asset, liability, operation or employee of Parent or any of its affiliates of shares of capital stock Subsidiaries. Prior to making any application to or filing with any Governmental Entity or other Person in connection with this Agreement, each party shall provide the other party with drafts thereof and afford the other party a reasonable opportunity to comment on such drafts.
(b) The Company will take all reasonable steps to (i) exempt the Merger from the requirements of any business, assets applicable state takeover law and (ii) assist in any challenge by Parent or property, Liberty Media to the validity or applicability to the imposition Merger 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 stockstate takeover law.
Appears in 2 contracts
Sources: Merger Agreement (Four Media Co), Agreement and Plan of Merger (Liberty Media Corp /De/)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each (a) Each of the parties hereto shall use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this AgreementAgreement as promptly as practicable including (i) the preparation and filing of all forms, includingregistrations and notices required to be filed to consummate the transactions contemplated by this Agreement and the taking of such reasonable actions as are necessary to obtain any requisite approvals, without limitationconsents, Orders, exemptions or waivers by any third party or Governmental Entity, including filings pursuant to the HSR Act and (ii) using reasonable efforts to accomplish cause the following: (i) the taking satisfaction of all reasonable actions conditions to Closing. Each party shall promptly consult with the other with respect to, provide any necessary information with respect to cause and provide the conditions precedent set forth other (or its counsel) copies of, all filings made by such party with any Governmental Entity or any other information supplied by such party to a Governmental Entity in connection with this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement; provided, however, that nothing in this Section 6.6 shall require or be construed to require Parent to (ivx) offer or agree to enter into any agreements, including agreements to sell, license or otherwise dispose of, or hold separate or otherwise divest itself of, all or any portion of Parent's businesses or assets or any portion of the defending businesses or assets of any suits, claims, actions, investigations of its Subsidiaries or proceedings, whether judicial or administrative, challenging this Agreement or the consummation any portion of the transactions contemplated herebybusinesses or assets of the Company or any of its Subsidiaries or (y) provide any compensation, including, without limitation, seeking to have any stay or temporary restraining order entered by any court benefits or other consideration to Company Employees except as set forth in Section 3.4 and Section 6.15.
(b) Each party hereto shall promptly inform the others of any communication from any Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or regarding any of the transactions contemplated by this Agreement, use all commercially reasonable efforts . If any party or affiliate thereof receives a request for additional information or documentary material from any such Governmental Entity with respect to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing then such party will endeavor in this Agreement good faith to make, or cause to be made, as soon as reasonably practicable and after consultation with the other party, an appropriate response in compliance with such request. Nothing herein shall be deemed require any party to require Purchaser and the Company waive any substantial rights or any subsidiary or affiliate thereof to agree to any divestiture by substantial limitation on its (or the Surviving Corporation's) operations or to divest 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.
Appears in 2 contracts
Sources: Merger Agreement (Lilly Eli & Co), Merger Agreement (Applied Molecular Evolution Inc)
Reasonable Efforts. Upon (a) Subject to the terms and subject to the conditions set forth in of this Agreement, each of the parties hereto shall Company and Parent will use its commercially their reasonable best efforts to take, or cause to be taken, all actions, actions and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with furtherance and without limiting not in limitation of the foregoing, each of Purchaser Parent and the Company agrees to make an appropriate filing of a Notification and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable Report Form pursuant to the Merger, HSR Act with respect to the transactions contemplated hereby as promptly as practicable and in any event within ten business days of the date hereof and to supply as promptly as practicable any additional information and documentary material that may be requested pursuant to the HSR Act and to take all other actions necessary to cause the expiration or termination of the applicable waiting periods under the HSR Act as soon as practicable.
(b) In connection with the efforts referenced in Section 9.01(a) to obtain all requisite approvals and authorizations for the transactions contemplated by this Agreement under the HSR Act or any other Antitrust Law, each of Parent and the Company shall use its reasonable efforts to (i) cooperate in all respects with each other in connection with any filing or submission and in connection with any investigation or other inquiry, including any proceeding initiated by a private party, (ii) keep the other party informed in all material respects of any material communication received by such party from, or given by such party to, the Federal Trade Commission (the "FTC"), the Antitrust Division of the Department of Justice (the "DOJ") or any other governmental authority and of any material communication received or given in connection with any proceeding by a private party, in each case regarding any of the transactions contemplated hereby and (iii) permit the other party to review any material communication given by it to, and consult with each other in advance of any meeting or conference with, the FTC, the DOJ or any such other governmental authority or, in connection with any proceeding by a private party, with any other Person. For purposes of this Agreement, use "Antitrust Law" means the ▇▇▇▇▇▇▇ Act, as amended, the ▇▇▇▇▇▇▇ Act, as amended, the HSR Act, the Federal Trade Commission Act, as amended, and all commercially reasonable efforts other federal, state and foreign, if any, statutes, rules, regulations, orders, decrees, administrative and judicial doctrines and other laws that are designed or intended to ensure that prohibit, restrict or regulate actions having the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the purpose or effect of such statute monopolization or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company restraint of trade or any subsidiary lessening of competition through merger or affiliate thereof 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 stockacquisition.
Appears in 2 contracts
Sources: Merger Agreement (Charming Shoppes Inc), Merger Agreement (Catherines Stores Corp)
Reasonable Efforts. Upon (a) Subject to the terms and conditions of this Agreement (including Section 7.4 hereof) and applicable law, and (with respect to Parent) subject to the conditions set forth in this Agreementlast proviso of the following sentence, each of the parties hereto shall use its commercially reasonable best efforts to take, or cause to be taken, all actions, actions and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things reasonably necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, effective the transactions contemplated by this AgreementAgreement as soon as reasonably practicable (or, (iv) the defending with respect to ministerial actions required of Parent or its directors, officers, employees or agents, promptly), including such actions or things as any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation other party hereto may reasonably request in order to cause any of the transactions contemplated hereby, including, without limitation, seeking conditions to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary such party's obligation to consummate such transactions specified in Article VIII to be fully satisfied. Without limiting the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting generality of the foregoing, each of Purchaser the parties hereto shall (and each shall cause its directors, officers and Subsidiaries, and use its reasonable efforts to cause its Affiliates, employees, agents, attorneys, accountants and representatives, to) consult and fully cooperate with and provide reasonable assistance to each other in (A) the Company preparation and its respective Board filing with the Commission of Directors shallthe Registration Statement, if the preliminary proxy statement referred to in Section 3.2, the Proxy Statement and any state takeover statute necessary amendments or similar statute or regulation is or becomes applicable supplements to the Merger, this Agreement or any of the transactions contemplated foregoing; (B) seeking to have such Registration Statement declared effective by this Agreement, use all the Commission as soon as reasonably practicable after filing; (C) taking such actions as may reasonably be required under applicable state securities or blue sky laws in connection with the issuance of the Stock Consideration; (D) using commercially reasonable efforts to ensure that obtain all required consents, approvals, waivers, licenses, permits, authorizations, registrations, qualifications, or other permission or action by, and to give all required notices to and to make all required filings with and applications and submissions to, any Governmental Entity or other Person, in each case required in order to cause any of the conditions to each other party's obligation to consummate the Merger and the other transactions contemplated hereby to be fully satisfied; (E) filing all pre-merger notification and report forms required under the Hart-▇▇▇▇▇ ▇▇▇ and responding to any requests for additional information made by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything any Governmental Entity pursuant to the contrary Hart-▇▇▇▇▇ ▇▇▇; (F) using commercially reasonable efforts (which in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.case of
Appears in 2 contracts
Sources: Merger Agreement (Liberty Media Corp /De/), Merger Agreement (Video Services Corp)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its all commercially reasonable best efforts to take, or cause to be takentaken (including through its officers and directors and other appropriate personnel), all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, the Lease and the Management Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from the Governmental Authority, Authorities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with the Governmental Authorities, if any), ) and the taking of all reasonable steps as may be necessary to obtain "Licenses" (as hereinafter defined) or waivers from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityAuthority (including in respect of any pari-mutuel or gaming laws), (iiiii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iviii) the defending of any suits, claims, actions, investigations or proceedingsProceeding, whether judicial or administrative, challenging this Agreement or the consummation of any of the transactions contemplated herebyby this Agreement, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity Authority vacated or reversed, (iv) IWRA's introduction and facilitation of discussions between HBR and any third parties reasonably requested by HBR, including, without limitation, the Iowa Greyhound Association and all other Persons involved in the dog racing activities conducted at the Property, and (v) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting Notwithstanding the foregoing, each of Purchaser and the Company parties acknowledge that HBR and its respective Board "Affiliates" (as defined below) are not obligated by any provision of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement to obtain any consent, approval, license, waiver, order, decree, determination of suitability or other authorization with respect to any limited partner of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect any Affiliate of such statute or regulation on the Merger, this Agreement and the transactions contemplated herebyHBR. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement Nothing herein shall be deemed to require Purchaser and the Company HBR or any subsidiary or affiliate thereof to agree to any divestiture by itself IWRA or any of its affiliates their respective Affiliates to take any steps (including without limitation the expenditure of shares funds) or provide any information to obtain any consent, approval, license, waiver, order, decree, determination of capital stock suitability or other authorization, other than is customary in the State of Iowa for such matters or are reasonably required to carry out the intent of this Agreement. As used in this section, an "AFFILIATE" of any businessPerson means another Person that, assets directly or propertyindirectly, through one or more intermediaries, controls, is controlled by, or the imposition of any material limitation on the ability of any of them to conduct their businesses or to own or exercise is under common control of with, such assets, properties and stockfirst Person.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Harveys Casino Resorts), Purchase and Sale Agreement (Harveys Casino Resorts)
Reasonable Efforts. Upon Subject to the terms and subject to the conditions set forth in of this Agreement, each of the parties hereto shall will use its commercially all reasonable best efforts to take, or cause to be taken, all actionsaction, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effectiveeffective the transactions contemplated by this Agreement and shall use all reasonable efforts to satisfy the conditions to the transactions contemplated hereby and to obtain all waivers, permits, consents and approvals and to effect all registrations, filings and notices with or to third parties or governmental or public bodies or authorities which are necessary or desirable in connection with the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitationbut not limited to, using reasonable efforts filings to accomplish the following: (i) extent required under the taking Exchange Act. Without limiting the generality of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfiedforegoing, (ii) the obtaining Parent as the sole stockholder of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authoritythe Purchaser, and the making Purchaser as a stockholder of all necessary registrationsthe Company, declarations will consent and/or vote in favor of the transactions contemplated hereunder, and filings (including registrationsCompany, declarations and filings with Governmental Authorities, if any)the Parent, and the taking of all reasonable steps as may be necessary to avoid Purchaser will vigorously defend against any suit, claim, action, investigation lawsuit or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedingsproceeding, whether judicial or administrative, challenging this Agreement or the consummation of any of the transactions contemplated hereby. Subject to the terms and conditions of this Agreement, includingfrom time to time after the date hereof, without limitationfurther consideration, seeking the Company will, at its own expense, execute and deliver such documents to have any stay or temporary restraining the Parent as the Parent may reasonably request in order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement. Subject to the terms and conditions of this Agreement, use all commercially reasonable efforts from time to ensure that time after the Merger date hereof, without further consideration, each of the Parent and the other Purchaser will, at its own expense, execute and deliver such documents to the Company as the Company may reasonably request in order to consummate the transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Maxserv Inc), Merger Agreement (Sears Roebuck & Co)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its their commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under Applicable Laws to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: including (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactionsnon-actions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityEntity, including all filings required under the HSR Act, with the Federal Trade Commission or the United States Department of Justice and any necessary antitrust, competition or similar laws of any foreign jurisdiction, (iiiii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iviii) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated herebyby this Agreement, including, without limitation, including promptly seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (viv) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. Subject to Applicable Laws relating to the exchange of information, Apogent and F▇▇▇▇▇ shall have the right to review in advance, and to the extent reasonably practicable each will consult the other on, all the information relating to Apogent and its Subsidiaries or F▇▇▇▇▇ and its Subsidiaries, as the case may be, that appears in any filing made with, or written materials submitted to, any third Person or any Governmental Entity in connection with the Merger and the other transactions contemplated by this Agreement.
(b) Promptly following the date hereof, Apogent shall (i) cause Apogent Holdings Denmark A/S to be converted into an Anpartsselskab, and (ii) submit a ruling request to the appropriate Danish authorities in order to treat the sale, exchange or other disposition of shares by Apogent Holdings Denmark A/S (or any successor entity) as a share sale for Danish income Tax purposes. In addition, prior to the Closing Date, Apogent shall cause Apogent Holdings Denmark A/S (or any successor entity) to be treated as a disregarded entity for U.S. federal income Tax purposes.
(c) Each of F▇▇▇▇▇ and Apogent shall keep the other reasonably apprised of the status of matters relating to the completion of the transactions contemplated hereby and work cooperatively in connection with obtaining all required approvals or consents of any Governmental Entity (whether domestic, foreign or supranational). In that regard, each party shall without limitation: (i) promptly notify the other of, and if in writing, furnish the other with copies of (or, in the case of material oral communications, advise the other orally of) any communications from or with any Governmental Entity (whether domestic, foreign or supranational) with respect to the Merger or any of the other transactions contemplated by this Agreement, (ii) permit the other to review and discuss in advance, and consider in good faith the views of the other in connection with, any proposed written (or any material proposed oral) communication with any such Governmental Entity with respect to the Merger or any of the other transactions contemplated by this Agreement, (iii) not participate in any meeting with any such Governmental Entity with respect to the Merger or any of the other transactions contemplated by this Agreement unless it consults with the other in advance and to the extent permitted by such Governmental Entity gives the other the opportunity to attend and participate thereat, (iv) furnish the other with copies of all correspondence, filings and communications (and memoranda setting forth the substance thereof) between it and any such Governmental Entity with respect to the Merger or any of the other transactions contemplated by this Agreement and the Merger, and (v) furnish the other with such necessary information and reasonable assistance as F▇▇▇▇▇ or Apogent, as applicable, may reasonably request in connection with its preparation of necessary filings or submissions of information to any such Governmental Entity. Each of F▇▇▇▇▇ and Apogent may, as each deems advisable and necessary, reasonably designate any competitively sensitive material provided to the other under this Section 5.4 as “outside counsel only.” Such material and the information contained therein shall be given only to the outside legal counsel of the recipient and will not be disclosed by such outside counsel to employees, officers, or directors of the recipient unless express permission is obtained in advance from the source of the materials (F▇▇▇▇▇ or Apogent, as the case may be) or its legal counsel.
(d) In connection with and without limiting the foregoing, each of Purchaser F▇▇▇▇▇ and the Company and its respective Board of Directors shall, if any Apogent shall (i) take all action necessary to ensure that no state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by hereby and (ii) if any state takeover statute or similar statute or regulation becomes applicable to this AgreementAgreement or any of the transactions contemplated hereby, use take all commercially reasonable efforts action necessary to ensure that the Merger and the other such transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by required by, or provided for, in this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement Merger and the other transactions contemplated hereby. by this Agreement.
(e) Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement neither F▇▇▇▇▇ nor Apogent shall be deemed required to require Purchaser and the Company hold separate (including by trust or otherwise) or divest or take any subsidiary or affiliate thereof other action with respect to agree to any divestiture by itself or any of its affiliates businesses or assets or enter into any consent decree or other agreement that would restrict it in the conduct of its business as heretofore conducted if such action is reasonably expected to have a Material Adverse Effect on F▇▇▇▇▇, including a Material Adverse Effect on the total benefits expected to be realized by F▇▇▇▇▇ after completion of the Merger.
(f) Promptly following the date hereof, Apogent and F▇▇▇▇▇ shall cooperate in determining a mutually acceptable manner in which to cause no Apogent Subsidiary to own, beneficially or of record, directly or indirectly, any shares of capital stock Apogent Common Stock immediately prior to the Effective Time. Apogent shall take (or of any business, assets or property, or cause to be taken) all actions proposed by F▇▇▇▇▇ and legally available to Apogent in order to effect the imposition of any material limitation on result described in the ability of any of them to conduct their businesses or to own or exercise control of such assets, properties and stockpreceding sentence.
Appears in 2 contracts
Sources: Agreement and Plan of Merger (Apogent Technologies Inc), Agreement and Plan of Merger (Fisher Scientific International Inc)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger Acquisition and the other transactions contemplated by this Agreement, including, without limitation, including using commercially reasonable efforts to accomplish the following: (ia) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VII to be satisfied, (iib) the obtaining of all necessary actions or nonactionsactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iiic) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, of the transactions contemplated by in this Agreement, including without limitation the consents referred to in Schedule 2.5 of the Company Schedule, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, reversed and (ve) the execution or delivery of any additional certificates, instruments and other documents reasonably necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each Buyer and its board of Purchaser directors and the Company and its respective Board of Directors Sellers shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the MergerAcquisition, this Agreement or any of the transactions contemplated by this Agreement, use all its commercially reasonable efforts to ensure that enable the Merger Acquisition and the other transactions contemplated by this Agreement may to be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated herebyAgreement. Notwithstanding anything herein to the contrary in this Agreementcontrary, nothing in this Agreement shall be deemed to require Purchaser and the Company Buyer or any subsidiary or affiliate thereof Sellers to agree to any divestiture by itself or any of its affiliates of shares of capital stock stock, membership interests 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 business or to own or exercise control of such assets, properties properties, stock and stockmembership interests.
Appears in 2 contracts
Sources: Membership Interest Purchase Agreement (Union Street Acquisition Corp.), Membership Interest Purchase Agreement (Union Street Acquisition Corp.)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its all commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this AgreementTransactions, including, without limitation, including using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article V to be satisfied, (ii) the obtaining of all necessary actions or nonactionsnon-actions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, of the transactions contemplated by this AgreementTransactions, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated herebyTransactions, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents reasonably necessary to consummate the transactions contemplated byTransactions, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each subject to the fiduciary duties of Purchaser and its Board, the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement Transactions or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement Transactions may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement Transactions and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Optical Communication Products Inc), Merger Agreement (Oplink Communications Inc)
Reasonable Efforts. Upon Subject to the express provisions of Section 6.2 and Section 6.3 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using commercially reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VII to be satisfied, ; (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, Entity; (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, parties; (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, ; and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Secure Computing Corp), Merger Agreement (McAfee, Inc.)
Reasonable Efforts. Upon Subject to the terms and subject to conditions of this Agreement and applicable law and, in the conditions set forth case of the Company, except as otherwise required by the fiduciary duties of the Company Board (as determined in this Agreementgood faith by the Company Board following the receipt of advice of outside legal counsel thereon), each of the parties hereto shall will use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things reasonably necessary, proper or advisable under applicable laws and regulations or otherwise to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that effective the Merger and the other transactions contemplated by this Agreement as soon as reasonably practicable, including such actions or things as any other party hereto may reasonably request in order to cause any of the conditions to such other party's obligation to consummate such transactions specified in Article VII to be consummated fully satisfied. Without limiting the generality of the foregoing, the parties will, and will cause their respective directors, officers and Subsidiaries, and use commercially reasonable efforts to cause their respective Affiliates, employees, agents, attorneys, accountants and representatives, to consult and fully cooperate with and provide reasonable assistance to each other in (i) obtaining all necessary consents, approvals, waivers, licenses, permits, authorizations, registrations, qualifications, or other permission or action by, and giving all necessary notices to and making all necessary filings with and applications and submissions to, any Governmental Entity or other Person; (ii) lifting any permanent or preliminary injunction or restraining order or other similar order issued or entered by any court or Governmental Entity (an "Injunction") of any type referred to in Section 7.1(c); (iii) subject to the last sentence of Section 3.2(a), taking such actions as promptly as practicable on may reasonably be required under applicable state securities or blue sky laws in connection with the terms contemplated issuance of the Parent Series A Stock to be covered by this Agreement the Registration Statement; and otherwise to minimize the effect of such statute or regulation on the Merger(iv) in general, this Agreement consummating and making effective the transactions contemplated hereby. Notwithstanding anything ; provided, however, that in order to obtain any consent, approval, waiver, license, permit, authorization, registration, qualification, or other permission or action or the contrary lifting of any Injunction referred to in clause (i) or (ii) of this Agreementsentence, nothing in this Agreement shall no party will be deemed required to require Purchaser and pay any consideration (other than filing fees for any Governmental Filings), to divest itself of any of, or otherwise rearrange the Company composition of, its assets or any subsidiary or affiliate thereof 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 foregoing or to own any conditions or exercise control of requirements which are materially adverse to its interests or materially burdensome. Prior to making any application to or filing with any Governmental Entity or other Person in connection with this Agreement, each party will provide the other party with drafts thereof and afford the other party a reasonable opportunity to comment on such assets, properties and stockdrafts.
Appears in 2 contracts
Sources: Merger Agreement (Liberty Satellite & Technology Inc), Merger Agreement (On Command Corp)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each Each of the parties hereto shall use its commercially reasonable best efforts to take, or cause to be taken, all actionsCompany and Parent shall, and to doshall cause their respective controlled affiliates to, or cause to be done, cooperate in good faith with all Governmental Entities and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using use their reasonable efforts to accomplish the following: (iA) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement expiration of the notice periods under the HSR Act and any other Laws with respect to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders Merger 1 and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by hereby as promptly as is reasonably practicable after the execution of this Agreement, (ivB) the defending of resolve such objections, if any, as may be asserted by any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of Governmental Entity with respect to Merger 1 and the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, hereby and (vC) the execution or delivery of undertake any additional certificates, instruments and other documents necessary reasonable actions required to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the lawfully complete Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement 1 and the transactions contemplated hereby. Notwithstanding anything Except where prohibited by applicable Legal Requirements, Parent shall be entitled to lead any proceedings or negotiations with any Governmental Entity related to the contrary in this Agreementforegoing, nothing in this Agreement provided that it shall afford the Company the opportunity to participate therein. Notwithstanding the foregoing, neither the Company nor Parent shall be deemed required to require Purchaser and take (and, for the avoidance of doubt, the Company shall not take without Parent’s consent) any action which (x) is reasonably likely to have a material adverse effect on the condition (financial or any subsidiary otherwise), business, assets, liabilities or affiliate thereof to agree to any divestiture by itself results of operations of either Parent (or any of its affiliates Subsidiaries), the Company (or any of shares of capital stock or of any business, assets or property, its Subsidiaries) or the imposition of Intermediate Surviving Corporation, taken individually or in the aggregate, (any material limitation such action, a “Burdensome Condition”) or (y) is not conditioned on the ability consummation of Merger 1. Notwithstanding anything in this Agreement to the contrary, neither the Company nor Parent shall be required to contest through litigation any of them to conduct their businesses objection, action or to own or exercise control of such assets, properties and stockproceeding by any Governmental Entity.
Appears in 2 contracts
Sources: Agreement and Plan of Merger (Ligand Pharmaceuticals Inc), Merger Agreement (Pharmacopeia Inc)
Reasonable Efforts. Upon Subject to the express provisions of Section 5.2 and Section 5.3 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations declarations, submissions and filings (including registrations, declarations declarations, filings and filings submissions of Second Request Responses with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, hereby and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Storage Technology Corp), Merger Agreement (Sun Microsystems, Inc.)
Reasonable Efforts. Upon Subject to the express provisions of Section 8.12(e) and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger Mergers and the other transactions contemplated by this Agreementhereby, including, without limitation, including using all reasonable efforts to accomplish the following: following (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article IX to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties, including all Necessary Consents (provided, that the parties which may be required will discuss in good faith procedures to pursue third party consents with respect to the Mergers) (it being understood that failure to obtain any one or desirable as more such consents, in and of itself, shall not constitute a result of, or in connection with, the transactions contemplated by this Agreementcondition to Closing hereunder), (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the Mergers or the other transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, if, there is a reasonable possibility that the defending of such actions would result in their dismissal, removal, elimination or termination, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board the Company's board of Directors shalldirectors will, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Company Merger, this Agreement or any of the other transactions contemplated by this Agreementhereby, use all commercially reasonable efforts to ensure that the Company Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Company Merger, this Agreement and the other transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Business Objects Sa), Merger Agreement (Crystal Decisions Inc)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreementhereby, including, without limitation, including using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result ofparties, or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversedincluding all Necessary Consents, and (viv) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors Managers shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary foregoing, or any other covenant herein contained, in this Agreementconnection with the receipt of any necessary approvals under the HSR Act or any comparable laws of foreign jurisdictions, nothing in this Agreement neither Parent nor the Company shall be deemed required to require Purchaser and divest or hold separate or otherwise take or commit to take any action that limits Parent’s or the Company’s freedom of action with respect to, or their ability to retain, the Company or any subsidiary or affiliate portions thereof to agree to any divestiture by itself or any of its affiliates of shares of capital stock or of any businessthe businesses, 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 assetsproduct lines, properties and stockor assets of the Company or Parent.
Appears in 2 contracts
Sources: Merger Agreement (Millennium Ethanol, LLC), Merger Agreement (US BioEnergy CORP)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, the Company and Parent shall (and the Company shall cause its Subsidiaries to) each of the parties hereto shall use its commercially their reasonable best efforts to promptly (i) take, or to cause to be taken, all actions, and to do, or to cause to be done, and to assist and cooperate with the other parties hereto in doing, doing all things necessary, proper or advisable under applicable Law or otherwise to consummate and make effective, in effective the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, ; (ii) the obtaining of all necessary actions or nonactionsobtain from any Governmental Entities any actions, non-actions, clearances, waivers, consents, approvals, permits or orders required to be obtained by the Company or Parent or any of its Subsidiaries in connection with the authorization, execution, delivery and authorizations from Governmental Authorityperformance of this Agreement and the consummation of the transactions contemplated hereby; (iii) make all registrations, filings, notifications or submissions which are necessary or advisable, and thereafter make any other required submissions, with respect to this Agreement, the Offer and the Merger required under (A) any applicable federal or state securities Laws, (B) the Israeli Anti-Trust Law and any other applicable antitrust laws, (C) the Law for the Encouragement of Capital Investment, 5719-1959, and the regulations and approvals promulgated thereunder, (D) the Encouragement of Industrial Research and Development Law, 5744-1984, and the regulations and grant approvals promulgated thereunder by the OCS and (E) any other applicable Law; provided, however, that the Company and Parent will cooperate with each other in connection with the making of all necessary registrationssuch filings, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking providing copies of all reasonable steps such filings and attachments to outside counsel for the non-filing party and including the timing of the initial filings, which will be made as may promptly as practicable after the date of this Agreement; (iv) furnish all information required for any application or other filing to be necessary made pursuant to avoid any suitapplicable Law in connection with the transactions contemplated by this Agreement; (v) keep the other party informed in all material respects of any material communication received by such party from, claimor given by such party to, action, investigation any Governmental Entity and of any material communication received or given in connection with any proceeding by a private party, in each case relating to the transactions contemplated by this Agreement; (vi) permit the other parties to review any material written communication delivered to any Governmental Authority, Entity relating to the transactions contemplated by this Agreement or in connection with any proceeding by a private party relating thereto; (iiivii) the obtaining of obtain all necessary consents, approvals or waivers from third parties which may parties; provided that none of the Company, Parent or Sub shall be required to make any payment to any such third parties or desirable as a result concede anything of value to obtain such consents; (viii) avoid the entry of, or in connection withhave vacated or terminated, any decree, order, or judgment that would restrain, prevent or delay the consummation of the transactions contemplated by this Agreementhereby, (iv) the including defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, ; and (vix) the execution or delivery of execute and deliver any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, by this Agreement. In connection with and Nothing in this Agreement shall be deemed to require Parent to agree to, or proffer to, divest or hold separate any assets or any portion of any business of Parent, the Company or any of their respective Subsidiaries. No parties to this Agreement shall consent to any voluntary delay of the consummation of the transactions contemplated hereby at the behest of any Governmental Entity without limiting the foregoingconsent of the other parties to this Agreement, each of Purchaser and the which consent shall not be unreasonably withheld. The Company and its respective Board of Directors shall, if any shall (1) use their reasonable efforts to ensure that no state takeover statute or similar statute or regulation is or becomes applicable to this Agreement, the MergerOffer, this Agreement the Merger or any of the other transactions contemplated by this Agreement and (2) if any state takeover statute or similar statute becomes applicable to this Agreement, the Offer, the Merger or any of the other transactions contemplated by this Agreement, use all commercially their reasonable efforts to ensure that the Offer, the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing the Offer, the Merger and the other transactions contemplated by this Agreement. Parent consents to the delivery by the Company to the OCS of Parent’s executed undertaking in the form attached as Exhibit C to this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof to agree to any divestiture if required 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 stockapplicable Law.
Appears in 2 contracts
Sources: Merger Agreement (Omrix Biopharmaceuticals, Inc.), Merger Agreement (Johnson & Johnson)
Reasonable Efforts. Upon the terms The Company and subject to the conditions set forth in this Agreement, Parent shall each of the parties hereto shall use its commercially their reasonable best efforts to (i) take, or cause to be taken, all actionsappropriate action, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under applicable law or otherwise to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, effective the transactions contemplated by this Agreement, (ivii) obtain from any Governmental Entities or third parties any consents, licenses, permits, waivers, approvals, authorizations or orders required to be obtained or made by Parent or the defending Company or any of any suitstheir Subsidiaries in connection with the authorization, claims, actions, investigations or proceedings, whether judicial or administrative, challenging execution and delivery of this Agreement or and the consummation of the transactions contemplated herebyherein, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversedthe Merger, and (viii) make all necessary filings, and thereafter make any other required submissions, with respect to this Agreement and the Merger, required under (A) the execution or delivery of any additional certificates, instruments Exchange Act and other documents necessary to consummate the transactions contemplated byrules and regulations thereunder, and to fully carry out any other applicable federal or state securities laws, (B) the purposes of, this Agreement. In connection with HSR Act and without limiting the foregoing, each of Purchaser (C) any other applicable law; PROVIDED that Parent and the Company shall cooperate with each other in connection with the making of all such filings, including providing copies of all such documents to the nonfiling party and its respective Board of Directors shalladvisors prior to filing and, if requested, to accept all reasonable additions, deletions or changes suggested in connection therewith. The Company and Parent shall furnish all information required for any state takeover statute application or similar statute or regulation is or becomes applicable other filing to be made pursuant to the Mergerrules and regulations of any applicable Law (including all information required to be included in the Proxy Statement, this Agreement or any of if required) in connection with the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Tender Offer Agreement and Plan of Merger (New Jersey Steel Corp), Tender Offer Agreement and Plan of Merger (Co Steel Inc)
Reasonable Efforts. Upon Subject to the express provisions of Section 4.2 and Section 5.2 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreementhereby, including, without limitation, including using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, if, there is a reasonable possibility that the defending of such actions would result in their dismissal, removal, elimination or termination, and (viv) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. Parent and the Company shall discuss, in good faith, procedures to pursue third party consents and each shall use all reasonable efforts to pursue obtaining those consents (it being understood that failure to obtain any one or more such consents shall not give rise to a failure of a condition to Closing hereunder). In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Yahoo Inc), Merger Agreement (Overture Services Inc)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this Agreement, including, with regard to the Company, Section 4.2, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the followingbut not limited to: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from all Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), Entities) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityEntity (including those in connection with the HSR Act and State Takeover Approvals), (iiiii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iviii) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (viv) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, by this Agreement. In connection with and without limiting the foregoing, each of Purchaser Parent and the Company shall cooperate with each other in connection with the making of such filings, including providing copies of all such documents to the non-filing party and its respective Board of Directors shalladvisors prior to filing and, if requested, accepting all reasonable suggestions in connection therewith.
(b) The parties hereto will consult and cooperate with one another, and consider in good faith the views of one another, in connection with any state takeover statute analyses, appearances, presentations, memoranda, briefs, arguments, opinions and proposals made or similar statute submitted by or regulation is in behalf of any party hereto in connection with proceedings under or becomes applicable relating to the Merger, this Agreement HSR Act or any other federal, state or foreign antitrust or fair trade law. Each party shall promptly notify the other party of any communication to that party from any Governmental Entity in connection with any required filing with, or approval or review by, such Governmental Entity in connection with the transactions contemplated Merger and permit the other party to review in advance any such proposed communication to any Governmental Entity. Neither party shall agree to participate in any meeting with any Governmental Entity in respect of any such filings, investigation or other inquiry unless it consults with the other party in advance and, to the extent permitted by this Agreementsuch Governmental Entity, gives the other party the opportunity to attend and participate thereat.
(c) Each party shall use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by not take any action, or enter into any transaction, which would cause any of its representations or warranties contained in this Agreement may to be consummated as promptly as practicable on the terms contemplated untrue in any material respect or result in a material breach of any covenant made by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary it in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Proffitts Inc), Merger Agreement (Saks Holdings Inc)
Reasonable Efforts. (a) Upon and subject to the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Offer, the Merger and the other transactions contemplated by this Agreement and the Stockholders Agreement, including, without limitation, including using reasonable efforts to accomplish take the followingfollowing actions: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Offer Conditions to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation an action or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iv) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the Stockholders Agreement or the consummation of the transactions contemplated herebyhereby or thereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, reversed and (v) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate consum mate the transactions contemplated by, and to fully carry out the purposes of, this Agreement and the Stockholders Agreement. In connection with and without limiting the foregoing, each of Purchaser but subject to the terms and conditions hereof, 38 the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Offer, the Merger, this Agreement, the Stockholders Agreement or any of the other transactions contemplated by this Agreement or the Stockholders Agreement, use all commercially reasonable efforts to ensure that the Offer, the Merger and the other transactions contemplated by this Agreement or the Stockholders Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Offer, the Merger, this Agreement and the Stockholders Agreement and the other transactions contemplated hereby. Notwithstanding anything by this Agreement and the Stockholders Agreement.
(b) The Company shall give prompt notice to Parent, and Parent shall give prompt notice to the contrary in this AgreementCompany, nothing of (i) any representation or warranty made by it contained in this Agreement shall be deemed that is qualified as to require Purchaser and the Company materiality becoming untrue or inaccurate in any respect or any subsidiary such representation or affiliate thereof warranty that is not so qualified becoming untrue or inaccurate in any material respect or (ii) the failure by it to agree comply with or satisfy in any material respect any covenant, condition or agreement to any divestiture be complied with or satisfied by itself it under this Agreement; provided, however, that no such notification shall affect the representations, warranties, covenants or any agreements of its affiliates of shares of capital stock or of any business, assets or property, the parties or the imposition conditions to the obligations 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 stockparties under this Agreement.
Appears in 2 contracts
Sources: Merger Agreement (Lucent Technologies Inc), Merger Agreement (Yurie Systems Inc)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall promptly use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger Contributions and the other transactions contemplated by this AgreementTransactions, including, without limitation, including using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of obtain all necessary actions or nonactionsactions, waivers, consents, approvals, orders nonactions and authorizations Consents from Governmental Authority, Entities and the making of to make all necessary registrations, declarations Filings and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of to take all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid a Proceeding by, any suitGovernmental Entity. Notwithstanding the foregoing, claimPEGC I OP shall not have any obligation: (a) to propose, actionnegotiate, investigation commit to or proceeding effect, by consent decree, hold separate order or otherwise, the sale, divestiture or disposition of any assets or businesses of PEGC I OP, any of its Subsidiaries (including the Contributed Companies after the Closing) or their Affiliates; or (b) otherwise to take or commit to take any actions that would limit the ability of PEGC I OP, its Subsidiaries (including the Contributed Companies after the Closing) or their Affiliates to retain, one or more of their businesses, product lines or assets.
(b) Before the Closing, each party hereto shall, and shall cause its controlled Affiliates to, use reasonable best efforts to obtain, and to cooperate in obtaining, all Consents from third parties necessary or appropriate to permit the consummation of the Contributions; provided, however, that, except as provided in subsections (c), (d) and (e), below, the parties shall not be required to pay or commit to pay any amount to (or incur any obligation in favor of) any Person from whom any such Consent may be required (other than customary filing fees payable to Governmental Entities and nominal filing or application fees payable to other third parties) and no party shall agree to any conditions or restrictions imposed by any Governmental Authoritythird party that, individually or in the aggregate, would materially impair (or could reasonably be expected to materially impair) the ability of such party to consummate the Transactions or could reasonably be expected to have a material adverse effect on the economic benefits to PEGC I OP arising therefrom.
(c) Notwithstanding the foregoing in clauses (a) and (b) above, with respect to obtaining the PELP Debt Consents and Amendments, (i) the Contributors shall be responsible for seeking to obtain the PELP Debt Consents and Amendments, (ii) the Contributors shall use reasonable best efforts (subject to cooperation by PEGC I and PEGC I OP) to obtain the PELP Debt Consents and Amendments and PEGC I and PEGC I OP shall use reasonable best efforts to cooperate with the Contributors obtaining the PELP Debt Consents and Amendments (including providing replacement guarantors and indemnitors and entering amendments and/or modifications to the loan documents which are reasonably acceptable to PEGC I and PEGC I OP), (iii) the obtaining of all necessary consents, approvals in no event shall any Contributor agree to any conditions or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending terms of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, consent (including, without limitation, any fee, premium, cash deposits or additional reserves or any material changes to the existing terms of such Indebtedness) without the prior written consent of PEGC I and PEGC I OP, which consent shall not be unreasonably withheld, conditioned or delayed, (iv) each party shall give the other no less than ten (10) Business Days upon receipt to review and comment on all materials or documents with respect to the PELP Debt Consents and Amendments and any such materials or documents shall be revised to reflect the reasonable comments of such other party, (v) neither party, nor any of their respective Representatives, shall engage or participate in any material meeting or discussion or proposed material discussion or communication with, and communications from, any lender or any loan servicer with respect to the PELP Debt Consents and Amendments without providing representatives of the other party reasonable opportunity to participate, and (vi) except pursuant to clause (i) above, neither the Contributors, nor PEGC I, nor PEGC I OP shall, nor shall permit their respective Representatives to, agree to, amend, modify, supplement or waive the terms and conditions of the outstanding Indebtedness or guarantees thereof for which the PELP Debt Consents and Amendments of such lenders or servicers are required, without the prior consent of the other (which consent shall not be unreasonably withheld, conditioned or delayed). If, despite the reasonable best efforts of the parties, a particular PELP Debt Consent and Amendment has not been obtained with respect to any Real Property, at the election of the Contributors, on the one hand, and PEGC I and PEGC I OP, on the other hand, the parties may mutually agree that such Real Property that is subject to the Indebtedness for which the Debt Consent and Amendment cannot be obtained and the corresponding Contributed Interests shall be excluded from the Transaction and the Closing Consideration shall be reduced by an amount mutually agreeable to the parties (such amount, the “Debt Consent Adjustment Amount”).
(d) Notwithstanding the foregoing in clauses (a) and (b) above, with respect to obtaining the PEGC I Debt Consents and Amendments, (i) the Contributors shall be responsible for seeking to have obtain the PEGC I Debt Consents and Amendments and (ii) the Contributors shall use reasonable best efforts (subject to cooperation by PEGC I and PEGC I OP) to obtain the PEGC I Debt Consents and Amendments and PEGC I and PEGC I OP shall use reasonable best efforts to cooperate with the Contributors obtaining the PEGC I Debt Consents and Amendments (including entering amendments and/or modifications to the loan documents which are reasonably acceptable to PEGC I and PEGC I OP), (iii) in no event shall any stay Contributor agree to any conditions or temporary restraining order entered by terms of any court consent (including, without limitation, any fee, premium, cash deposits or additional reserves or any material changes to the existing terms of such Indebtedness) without the prior written consent of PEGC I and PEGC I OP, which consent shall not be unreasonably withheld, conditioned or delayed, (iv) each party shall give the other Governmental Entity vacated no less than ten (10) Business Days upon receipt to review and comment on all materials or reverseddocuments with respect to the PEGC I Debt Consents and Amendments and any such materials or documents shall be revised to reflect the reasonable comments of such other party, and (v) the execution Contributor shall not engage or delivery participate in any material meeting or discussion or proposed material discussion or communication with, and communications from, any lender or any loan servicer with respect to the PEGC I Debt Consents and Amendments without providing representatives of PEGC I and PEGC I OP reasonable opportunity to participate, and (vi) except pursuant to clause (i) the Contributors shall not agree to, amend, modify, supplement or waive any term or condition of the outstanding Indebtedness or guarantees thereof for which the PEGC I Debt Consents and Amendments of such lenders or servicers are required, without the prior consent of PEGC I and PEGC I OP (which consent shall not be unreasonably withheld, conditioned or delayed).
(e) Notwithstanding the foregoing in clauses (a) and (b) above, with respect to obtaining the PEGC II Debt Consents and Amendments, (i) the Contributors shall be responsible for seeking to obtain the PEGC II Debt Consents and Amendments and (ii) the Contributors shall use reasonable best efforts (subject to cooperation by PEGC II) to obtain the PEGC II Debt Consents and Amendments and PEGC I and PEGC I OP shall use reasonable best efforts to cooperate with the Contributors obtaining the PEGC II Debt Consents and Amendments.
(f) Notwithstanding the foregoing in clauses (a) and (b) above, with respect to obtaining the Corporate Debt Consents and Amendments, (i) the Contributors shall be responsible for seeking to obtain the Corporate Debt Consents and Amendments, (ii) the Contributors shall use reasonable best efforts to obtain the Corporate Debt Consents and Amendments and PEGC I and PEGC I OP shall use reasonable best efforts to cooperate with the Contributors obtaining the Corporate Debt Consents and Amendments, (iii) in no event shall any Contributor agree to any conditions or terms of any consent (including, without limitation, any fee, premium, cash deposits or additional certificatesreserves or any material changes to the existing terms of such Indebtedness) without the prior written consent of PEGC I and PEGC I OP, instruments which consent shall not be unreasonably withheld, conditioned or delayed, (iv) each party shall give the other no less than ten (10) Business Days upon receipt to review and comment on all materials or documents with respect to the Corporate Debt Consents and Amendments and any such materials or documents shall be revised to reflect the reasonable comments of such other documents necessary to consummate party, (v) the transactions contemplated byContributor shall not engage or participate in any material meeting or discussion or proposed material discussion or communication with, and communications from, any lender or any loan servicer with respect to fully carry out the purposes ofCorporate Debt Consents and Amendments without providing representatives of PEGC I and PEGC I OP reasonable opportunity to participate, this Agreement. In connection with and (vi) except pursuant to clause (i) the Contributors shall not agree to, amend, modify, supplement or waive any term or condition of the outstanding Indebtedness or guarantees thereof for which the Corporate Debt Consents and Amendments of such lenders or servicers are required, without the prior consent of PEGC I and PEGC I OP (which consent shall not be unreasonably withheld, conditioned or delayed).
(g) Without limiting the generality of the foregoing, each of Purchaser the Contributors, the Contributed Companies and PEGC I OP shall as promptly as practicable, but in no event later than fifteen (15) Business Days following the Company execution and its respective Board delivery of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, file with the United States Federal Trade Commission (the “FTC”) and the Antitrust Division of the United States Department of Justice (the “DOJ”) the notification and report form, if any, required for the Transactions. Any such notification and report form and other Filings shall be in substantial compliance with the requirements of the HSR Act. Each of the Contributors, the Contributed Companies and PEGC I OP shall furnish to the others such necessary information and reasonable assistance as the other may request in connection with its preparation of any Filing that is necessary under the HSR Act. The Contributors, the Contributed Companies and PEGC I OP shall keep each other apprised of the status of any communications with and any inquiries or requests for additional information from the FTC, the DOJ and any other Governmental Entity and shall comply promptly with any such inquiry or request and shall promptly provide any supplemental information requested in connection with the Filings made hereunder pursuant to the HSR Act. Any such supplemental information shall be in substantial compliance with the requirements of the HSR Act.
(h) Without limiting the generality of the foregoing, as soon as reasonably practicable after the date hereof, the parties shall make all Filings with all Governmental Entities that may be or may become reasonably necessary, proper or advisable under this Agreement and applicable Laws to consummate and make effective the Transactions, including (i) PEGC I OP causing “Form A” or similar change of control applications to be filed in each jurisdiction where required by applicable Insurance Laws with respect to the Transactions or (ii) an application for an exemption from such requirements.
(i) Subject to Laws relating to the sharing of information, each of the Contributors, the Contributed Companies and PEGC I OP shall have the right to review in advance, and to the extent practicable each will consult the others on, all the information relating to the Contributors, PEGC I OP or the Contributed Companies, as the case may be, and any of their respective Related Persons, that appear in any Filing made with, or written materials submitted to, any third party or any Governmental Entity in connection with the Transactions.
(j) Notwithstanding the express terms of this Agreement, in the event that a party (the “Requesting Party”) determines that a structure change is necessary, advisable or desirable, the other party (the “Responding Party”) agrees to use all commercially reasonable efforts to ensure that accommodate any request of the Merger and Requesting Party to modify the other transactions contemplated by this Agreement may be consummated as promptly as practicable on structure of the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything Transactions in a mutually agreeable manner prior to the contrary in Closing, including with respect to any amendments to, this Agreement, nothing in this Agreement the Ancillary Agreements, the Plan of Restructuring or Capital Expenditures Budget; provided, however, that the Responding Party shall not be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof required to agree to any divestiture by itself such modification if (A) such modification would materially delay the Closing or any of its affiliates of shares of capital stock or of any business, assets or property, or the imposition of any material limitation (B)(1) such modification would have an adverse economic effect on the ability of any of them to conduct their businesses or to own or exercise control of Responding Party, as reasonably determined by the Responding Party, and (2) the Contributors do not indemnify PEGC I OP for such assets, properties and stockadverse economic effect.
Appears in 2 contracts
Sources: Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.), Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto party in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement to Closing to be satisfiedsatisfied as promptly as practicable, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Authorities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), ) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iv) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, includingand to fully carry out the purposes of, without limitationthis Agreement, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity Authority vacated or reversed, reversed and (v) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, of this Agreement. In connection with and without limiting the foregoing, each of Purchaser and Buyer shall make filings under the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any HSR Act within five business days of the transactions contemplated by this Agreement, date hereof and shall use all commercially reasonable efforts to ensure that obtain an early termination of the Merger and waiting period under the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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 stockHSR Act.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Trustees of General Electric Pension Trust), Stock Purchase Agreement (Cincinnati Bell Inc /Oh/)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: including (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if anysuch as those referred to in Sections 3.01(d)(1)-(5) and 3.02(c)(1)-(5), ) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityEntity, (iiiii) the obtaining of all necessary consentswaivers, consents or approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iviii) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated herebyby this Agreement, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, reversed and (viv) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. Notwithstanding the foregoing, in connection with any filing or submission required or action to be taken by either Bethlehem or the Company to effect the Merger and to consummate the other transactions contemplated hereby, the Company shall not, without Bethlehem's prior written consent, commit to any divestiture transaction, and neither Bethlehem nor any of its affiliates shall be required to divest or hold separate or otherwise take or commit to take any action that limits its freedom of action with respect to, or its ability to retain, the Company or any of its businesses, product lines or assets or any of the businesses, product lines or assets of Bethlehem or any of its affiliates or that otherwise would have a material adverse effect on Bethlehem.
(b) In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any shall (i) take all reasonable action necessary to ensure that no state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement Agreement, or any of the other transactions contemplated by this Agreement and (ii) if any state takeover statute or similar statute or regulation becomes applicable to the Merger, this Agreement, or any other transaction contemplated by this Agreement, use take all commercially reasonable efforts action necessary to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement Merger and the other transactions contemplated hereby. Notwithstanding anything to the contrary in by this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Bethlehem Steel Corp /De/), Merger Agreement (Lukens Inc)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger Sale and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: Seller Voting Agreement and the Shareholders' Agreements including (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (iia) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if anyincluding those referred to in Sections 3.5(c) and 4.4(c), and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityEntity, (iiib) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (ivc) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement, the Seller Voting Agreement or the Shareholders' Agreements or the consummation of any of the transactions contemplated herebyby this Agreement, includingthe Seller Voting Agreement or the Shareholders' Agreements, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, reversed and (vd) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting , the foregoing, each of Purchaser Seller Voting Agreement and the Company Shareholders' Agreements; provided, however, that a party shall not be obligated to take any action pursuant to the foregoing if the taking of such action or the obtaining of any waiver, consent, approval or exemption is reasonably likely to be materially burdensome to such party and its respective Board of Directors shall, if any state takeover statute Subsidiaries taken as a whole or similar statute to impact in a materially adverse manner the economic or regulation is or becomes applicable to the Merger, this Agreement or any business benefits of the transactions contemplated by this Agreement, use all commercially reasonable efforts Agreement so as to ensure that render inadvisable the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect consummation of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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 stocktransactions.
Appears in 2 contracts
Sources: Reorganization Agreement (Lauder Ronald S), Reorganization Agreement (Central European Media Enterprises LTD)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things reasonably necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this AgreementAgreement and the Ancillary Agreements, including, without limitation, including using commercially reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties, including the Lenders’ Consent and the Necessary Consents (provided, that the parties which may be required or desirable as a result of, or will discuss in connection with, good faith procedures to pursue third party consents with respect to the transactions contemplated by this AgreementAgreement and the Ancillary Agreements) (it being understood that failure to obtain any one or more such consents, in and of itself, shall not constitute a failure by Seller or Purchaser to comply with any of its covenants herein or a failure of a condition to Closing hereunder), (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement Agreement, the Ancillary Agreements or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversedhereby and thereby, and (v) the execution or delivery of any additional certificates, instruments and other documents reasonably necessary to consummate the transactions contemplated by, and to fully carry out fully the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser Agreement and the Company and its respective Board of Directors shallAncillary Agreements. Promptly after the date hereof, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, Seller shall use all commercially reasonable efforts to ensure that arrange a meeting between each of those Persons identified on Section 5.4(d)(i) of the Merger Seller Disclosure Letter and representatives of the other transactions contemplated by this Agreement may be consummated as promptly as practicable Company, Purchaser and Seller to introduce Purchaser to each such Person. In the event Seller or the Company receives any written notice or communication from any of those Persons identified on Section 5.4(d)(ii) of the terms contemplated by this Agreement and otherwise Seller Disclosure Letter relating to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary notice of termination or affiliate thereof to agree to any divestiture by itself or any of its affiliates of shares of capital stock or threatened termination of any businessCompany Material Contract with such Person, assets or propertythen Seller shall promptly, or the imposition of and in any material limitation on the ability of any of them to conduct their businesses or to own or exercise control event within two (2) business days after receipt thereof, furnish Purchaser with a copy of such assets, properties and stocknotice or communication.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Science Applications International Corp), Stock Purchase Agreement (Science Applications International Corp)
Reasonable Efforts. Upon (a) Subject to the terms and subject to the conditions set forth in this Agreementherein provided, each of the parties hereto shall use its commercially all reasonable best efforts to take, or cause to be taken, all actions, action and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, effective the transactions contemplated by this Agreement, including using its reasonable efforts to obtain all necessary or appropriate waivers, consents and approvals, to effect all necessary registrations, filings and submissions and to lift any injunction or other legal bar to the Merger (ivand, in such case, to proceed with the Merger as expeditiously as possible), subject, however, to the requisite votes of the stockholders of the Company, if necessary.
(b) Notwithstanding the defending foregoing, the Company shall not be obligated to use its reasonable efforts or take any action pursuant to this Section 7.4 if, in the opinion of the Board after consultation with its counsel, such actions would reasonably likely to be a breach of its fiduciary duties to the Company’s stockholders under applicable law.
(c) For the avoidance of doubt, Parent shall use all reasonable efforts to take, or cause to be taken, all action and to do, or cause to be done, all things necessary, proper, or advisable under applicable laws and regulations to (i) avoid a requirement for a waiver, consent or approval from any suitsGovernmental Entity, claims, actions, investigations (ii) defend any lawsuit or proceedingsother legal proceeding, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated herebyMerger, including, without limitationwhen reasonable, seeking to have any stay or injunction, temporary restraining order, or other order entered by any court or other Governmental Entity vacated or reversed, reversed and (viii) resolve any objections as may be asserted under any federal or state law, regulation or decree designed to prohibit, restrict or regulate actions taken for the execution purpose or delivery with the effect of monopolizing or restraining trade (collectively, “Antitrust Laws”) that would preclude consummation of the Merger by the Outside Date.
(d) The parties shall use their respective reasonable best efforts to obtain any additional certificates, instruments and other documents necessary to consummate consents of third parties which are disclosed as being required under Section 5.5 of the transactions contemplated by, and to fully carry out Company Disclosure Schedule for the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any consummation of the transactions contemplated by hereby, and shall reasonably cooperate and consult with one another with respect to such efforts; provided, that this Agreement, use all commercially reasonable efforts Section 7.4(d) shall not require any party to ensure that the Merger pay any consideration (other than customary attorneys’ fees and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise nominal transfer or review fees) in order to minimize the effect of obtain such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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 stockconsents.
Appears in 2 contracts
Sources: Merger Agreement (Factory Card & Party Outlet Corp), Merger Agreement (Amscan Holdings Inc)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Offer, the Merger and the other transactions contemplated by this AgreementTransactions, including, without limitation, including using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement to the Offer and to the Closing to be satisfied, satisfied as promptly as practicable; (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental Authority, Entity; (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, parties; (iv) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated herebyTransactions, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, ; and (v) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. , but the Parent will not be required to agree to, or proffer to, (i) divest or hold separate any of the Parent's, the Company's or any of their respective Subsidiaries' or affiliates' businesses or assets or (ii) cease to conduct business or operations in any jurisdiction in which the Parent, the Company or any of their respective Subsidiaries conducts business or operations as of the date of this Agreement.
(b) In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board board of Directors shalldirectors, if any and the Parent and its manager, shall (i) take all action necessary to ensure that no state takeover statute or similar statute or regulation is or becomes applicable to the Offer, the Merger, this Agreement or any of the transactions contemplated by other Transactions and (ii) if any state takeover statute or similar statute or regulation becomes applicable to the Offer, the Merger, this AgreementAgreement or any other Transaction, use take all commercially reasonable efforts action necessary to ensure that the Offer, the Merger and the other transactions contemplated by this Agreement Transactions may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the MergerOffer, this Agreement the Merger and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing other Transactions.
(c) Nothing in this Agreement shall be deemed to require Purchaser and permit the Company to divest, hold separate or enter into any subsidiary consent decree (or affiliate thereof offer to agree enter into any agreement or consent decree) to divest, hold separate or maintain or change any divestiture by itself business practice in order to obtain regulatory approval of the Transactions. Nothing in this Agreement shall require the Parent or the Purchaser to commence any of its affiliates of shares of capital stock litigation in order to prevent (or remove) the entry of any business, assets Restraint under antitrust 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 stocksimilar laws.
Appears in 2 contracts
Sources: Merger Agreement (Firepond Inc), Merger Agreement (Firepond Inc)
Reasonable Efforts. Upon Subject to the express provisions of Section 5.2 and Section 5.3 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using commercially reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations declarations, submissions and filings (including registrations, declarations declarations, and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, hereby and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Sun Microsystems, Inc.), Merger Agreement (Seebeyond Technology Corp)
Reasonable Efforts. Upon (a) Subject to the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall use its commercially reasonable best good faith efforts (subject to, and in accordance with, applicable law) to taketake promptly, or cause to be taken, all actions, and to dodo promptly, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective, in the most expeditious manner practicable, effective the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: including (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityEntity, including, without limitation, the VOI Registrations (iiiii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iviii) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated herebyby this Agreement, including, without limitation, including seeking to have any stay or stay, temporary restraining order or injunctions entered by any court or other Governmental Entity vacated or reversed, reversed and (viv) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. , subject to the limitations on divestiture set forth in subsection (c) below.
(b) In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any Parent shall (i) take all action necessary to ensure that no state takeover statute or similar statute or regulation is or becomes applicable to this Agreement, the Merger, this Stock Option Agreement or the Merger or any of the other transactions contemplated by hereby and thereby, and (ii) if any state takeover statute or similar statute or regulation becomes applicable to this Agreement, use the Stock Option Agreement or the Merger or any other transaction contemplated hereby and thereby, take all commercially reasonable efforts action necessary to ensure that the Merger and the other transactions contemplated by this Agreement and the Stock Option Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement hereby and thereby and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement the DevCo. Distribution and the other transactions contemplated hereby. Notwithstanding anything hereby and thereby.
(c) Each party agrees to provide the other party with copies of any documentation or written materials provided to or by Governmental Entities with respect to the contrary in this Agreement, nothing in this Agreement HSR approval process. Parent shall not be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof required to agree to any divestiture by itself Parent or any of its Parent's subsidiaries or affiliates of shares of capital stock or of any business, assets or propertyproperty of Parent or its subsidiaries or affiliates or of the Company, its affiliates, 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.
(d) The Company shall use its reasonable good faith efforts to assist Parent and certain of its subsidiaries that are subject to the reporting requirements of the Exchange Act (the "Reporting Subs") in the preparation and filing, on the earliest practicable date after the date of this Agreement, of Current Reports on Form 8-K for each of Parent and the Reporting Subs containing the information required by Item 512(a)(1)(ii) of Regulation S-K of the SEC, including the historical financial statements of the Company required by Rule 3-05 of Regulation S-X of the SEC and the pro forma financial information with respect to the business combination contemplated by this Agreement required by Article 11 of Regulation S-X of the SEC, and the Company shall take all other action necessary to allow Parent and the Reporting Subs to issue and sell securities on a continuous or delayed basis in one or more public offerings registered under the Securities Act.
Appears in 2 contracts
Sources: Merger Agreement (Cendant Corp), Merger Agreement (Cendant Corp)
Reasonable Efforts. Upon Subject to the terms and subject conditions of this Agreement and without limitation to the conditions set forth in this Agreementprovisions of Section 6.6 hereof, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actionsaction, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things reasonably necessary, proper or advisable under applicable Laws and regulations to consummate and make effective the transactions contemplated by this Agreement and the Ancillary Agreements (including, without limitation, (i) cooperating in the preparation and filing of the Offer Documents, the Schedule 14D-9, the Form 10, the Information Statement and any amendments to any thereof; (ii) cooperating in making available information and personnel in connection with presentations, whether in writing or otherwise, to prospective lenders to Parent and Purchaser that may be asked to provide financing for the transactions contemplated by this Agreement; (iii) taking of all action reasonably necessary, proper or advisable to consummate secure any necessary consents or waivers under existing debt obligations of the Company and make effectiveits Subsidiaries or amend the notes, in indentures or agreements relating thereto to the most expeditious manner practicableextent required by such notes, indentures or agreements or redeem or repurchase such debt obligations; (iv) contesting any pending legal proceeding relating to the Offer, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, Spin-Off; and (v) the execution or delivery of executing any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, hereby and thereby). In case at any time after the Effective Time any further action is necessary to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, the proper officers and directors of each party hereto shall use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of take all such statute or regulation on the Merger, this Agreement and the transactions contemplated herebynecessary action. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.19
Appears in 2 contracts
Sources: Agreement and Plan of Merger (Loral Corp /Ny/), Merger Agreement (Lockheed Martin Corp)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in of this Agreement, unless, to the extent permitted by Section 4.10(b), the Board of Directors of the Company approves or recommends a Superior Proposal (as defined in Section 4.10(b)), each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, action and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this AgreementAgreement and the Articles of Merger, includingsubject to the appropriate vote of stockholders of the Company described in Section 5.1(a), without limitation, using reasonable efforts to accomplish the following: including (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactionsnon-actions, waivers, consents, approvals, orders consents and authorizations approvals from all Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), Entities and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityEntity (including those in connection with Takeover Statutes), (iiiii) the giving of all notices and obtaining of all necessary consents, approvals or approvals, waivers and exemptions from third parties which may be required or desirable as a result ofparties, or including the notices, consents, approvals, waivers and exemptions set forth in connection with, Schedule 2.3 of the transactions contemplated by this AgreementCompany Letter, (iviii) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity with respect to the Merger or this Agreement vacated or reversed, and (viv) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Brookfield Asset Management Inc.), Merger Agreement (Crystal River Capital, Inc.)
Reasonable Efforts. Upon Subject to the terms and subject to the conditions set forth in of this Agreement, each of the parties party hereto shall will use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under this Agreement and applicable laws and regulations to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this AgreementAgreement as soon as practicable after the date hereof, including, without limitation, using reasonable efforts to accomplish the following: including (i) preparing and filing as promptly as practicable all documentation to effect all necessary applications, notices, petitions, filings and other documents and to obtain as promptly as practicable (A) all Necessary Consents and (B) all other consents, waivers, licenses, orders, registrations, approvals, permits, rulings, authorizations and clearances necessary or advisable to be obtained from any third party and/or any Governmental Entity in order to consummate the taking Merger or any of all reasonable actions necessary to cause the conditions precedent set forth in other transactions contemplated by this Agreement (other than such consents, waivers, licenses, orders, registrations, approvals, permits, rulings, authorizations and clearances, the failure of which to be satisfiedobtain would not have a Material Adverse Effect on the Company or Buyer, as the case may be) (collectively, the "REQUIRED APPROVALS") and (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suitobtain all such Necessary Consents and the Required Approvals , claim, action, investigation or proceeding by any Governmental Authority, and (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed; provided, and (v) however, that notwithstanding anything to the execution contrary contained in this Section 6.3 or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, elsewhere in this Agreement, neither Buyer or the Company shall be required to take any action or do any thing if the Board of Directors of Buyer or the Board of Directors of the Company, respectively, determines in good faith, after consultation with outside counsel, that the taking of such action or the doing of such thing would be inconsistent with its fiduciary duties to Buyer's or the Company's stockholders, respectively, under applicable law. In connection with furtherance and without limiting not in limitation of the foregoing, each of Purchaser Buyer and the Company agrees (i) to make, as promptly as practicable, (A) an appropriate filing of a Notification and its respective Board of Directors shallReport Form pursuant to the HSR Act with respect to the transactions contemplated hereby, if any state takeover statute or similar statute or regulation such filing of a notification and report form is or becomes applicable required by the HSR Act, and (B) all other necessary filings with other Governmental Entities relating to the Merger, this Agreement and, to supply as promptly as practicable any additional information or documentation that may be requested pursuant to such laws or by such Governmental Entities and to use reasonable best efforts to cause the expiration or termination of the applicable waiting periods under the HSR Act, if applicable, and the receipt of Required Approvals under such other laws or from such Governmental Entities as soon as practicable and (ii) not to extend any of waiting period under the HSR Act, if applicable, or enter into any agreement with the FTC or the DOJ not to consummate the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that except with the Merger and prior written consent of the other transactions contemplated by this Agreement may parties hereto (which consent shall not be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute unreasonably withheld or regulation on the Merger, this Agreement and the transactions contemplated herebydelayed). Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement neither Buyer nor the Company nor any of their respective Subsidiaries shall be deemed required to require Purchaser hold separate (including by trust or otherwise) or to divest or agree to divest any of their respective businesses or assets, or to take or agree to take any action or agree to any limitation that could reasonably be expected to have a Material Adverse Effect on Buyer (assuming the Merger has been consummated) or to substantially impair the benefits to Buyer, as of the date hereof, to be realized from consummation of the Merger, and neither Buyer or the Company or any subsidiary or affiliate thereof shall be required to agree to or effect any divestiture by itself divestiture, hold separate any business or take any of its affiliates of shares of capital stock or of any business, assets or property, or the imposition of any material limitation other action that is not conditional on the ability consummation of any of them to conduct their businesses or to own or exercise control of such assets, properties and stockthe Merger.
Appears in 2 contracts
Sources: Merger Agreement (Plato Learning Inc), Merger Agreement (Lightspan Inc)
Reasonable Efforts. Upon On the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger Exchange, and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: including (ia) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactionsnon-actions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from or to avoid any suit, claim, action, investigation an action or proceeding by any Governmental AuthorityEntity, (iiib) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (ivc) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (vd) the execution or delivery of executing and delivering any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, by this Agreement. In connection with and without limiting Notwithstanding the foregoing, each of Purchaser no loan agreement or contract for borrowed money shall be repaid except as currently required by its terms, in whole or in part, and no contract shall be amended to increase the Company and its respective Board of Directors shall, if any state takeover statute amount payable thereunder or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything be more burdensome to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof to agree to any divestiture by itself or any of its affiliates subsidiaries in order to attain any such consent, approval or authorization without the prior written consent 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 stockAcquiror.
Appears in 2 contracts
Sources: Share Exchange Agreement (Pf Management Inc), Share Exchange Agreement (Pierre Foods Inc)
Reasonable Efforts. Upon Subject to the express provisions of Section 4.2 and Section 5.2 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreementhereby, including, without limitation, including using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversedNecessary Consents, and (viv) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out fully the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Yahoo Inc), Merger Agreement (Inktomi Corp)
Reasonable Efforts. Upon the terms and subject (a) Prior to the conditions set forth in this AgreementTermination Date, each of the parties hereto Principal Shareholder shall use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto Parent in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by the Merger Agreement and this Agreement, including, without limitation, using reasonable efforts to accomplish the following: including (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations any necessary filings under the HSR Act relating to the acquisition of the Company or relating to the acquisition of Parent Common Stock in the Merger and all other necessary filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityEntity, (iiiii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iviii) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging the Merger Agreement or this Agreement or the consummation of any of the transactions contemplated herebyby the Merger Agreement and this Agreement, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (viv) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, the Merger Agreement and this Agreement. In connection with and without limiting .
(b) On or prior to the foregoingClosing Date, each of Purchaser Shareholder shall execute and deliver to Parent the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable Investors' Agreement in the form attached as Exhibit C-1 to the Merger, this Agreement or any of the transactions contemplated by this Merger Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Shareholders' Agreement (Turner Broadcasting System Inc), Shareholders' Agreement (Time Warner Inc)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this AgreementAgreement and in accordance with applicable Laws, each of the parties hereto shall to this Agreement will use its commercially reasonable best efforts to take, or cause to be taken, all actions, actions and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to ensure that the conditions set forth in Article VI and Annex A are satisfied and to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this AgreementAgreement as promptly as practicable, including, without limitation, using reasonable efforts to accomplish the following: including (i) the taking of obtaining all reasonable necessary actions necessary to cause the conditions precedent set forth in this Agreement to be satisfiedor non-actions, waivers, consents and approvals from any Governmental Entity, (ii) if applicable, making, as promptly as practicable, an appropriate filing with the obtaining United States Federal Trade Commission (the “FTC”) and the Antitrust Division of all necessary actions or nonactionsthe United States Department of Justice (the “Antitrust Division”) of a Notification and Report Form pursuant to the HSR Act with respect to the transactions contemplated hereby, waiversas applicable, consents, approvals, orders and authorizations from Governmental Authoritywhich filings shall specifically request early termination of the waiting period prescribed by the HSR Act, and submitting as promptly as practicable any supplemental information requested in connection therewith pursuant to the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityHSR Act, (iii) the making, as promptly as practicable, appropriate filings under any Foreign Merger Control Law, if required, (iv) obtaining of all necessary consents, approvals or waivers from from, or taking other actions with respect to, third parties which may necessary or advisable to be required obtained or desirable as a result of, or taken in connection with, with the transactions contemplated by this AgreementAgreement (provided, however, in no event shall obtaining such consents, approvals or waivers be required as a condition to consummating the Offer or Closing hereunder), (ivv) the defending subject to first having used its commercially reasonable efforts to negotiate a reasonable resolution of any suitsobjections underlying such lawsuits or other legal proceedings, claims, actions, investigations defending and contesting any lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated herebyby this Agreement, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (vvi) the execution or delivery of executing and delivering any additional certificates, instruments and other documents necessary to consummate the transactions contemplated byhereby, and to fully carry out the purposes of, of this Agreement. In connection with .
(b) Parent and without limiting the foregoing, each of Purchaser Merger Sub and the Company will cooperate and consult with each other in connection with the making of all such filings, notifications and any other material actions pursuant to this Section 5.8, subject to applicable Law, by permitting counsel for the other party to review in advance, and consider in good faith the views of the other party in connection with, any proposed material written communication to any Governmental Entity and by providing counsel for the other party with copies of all filings and submissions made by such party and all correspondence between such party (and its respective Board advisors) with any Governmental Entity and any other information supplied by such party and such party’s Affiliates to or received from any Governmental Entity in connection with the transactions contemplated by this Agreement; provided, however, that material may be redacted (x) as necessary to comply with contractual arrangements, (y) as necessary to address good faith legal privilege or confidentiality concerns and (z) as necessary to comply with applicable Law. Neither Parent and Merger Sub nor the Company shall consent to any voluntary extension of Directors shall, if any state takeover statute statutory deadline or similar statute waiting period or regulation is or becomes applicable to any voluntary delay of the Merger, consummation of the transactions contemplated by this Agreement at the behest of any Governmental Entity without the consent of the other party (which consent shall not be unreasonably withheld, delayed or conditioned).
(c) Each of Parent and Merger Sub and the Company will promptly inform the other party upon receipt of any material communication from the FTC, the Antitrust Division, or any Governmental Entity regarding any of the transactions contemplated by this Agreement. If Parent and Merger Sub or the Company (or any of their respective Affiliates) receives a request for additional information or documentary material from any such Person that is related to the transactions contemplated by this Agreement, then such party will endeavor in good faith to make, or cause to be made, as soon as reasonably practicable and after consultation with the other party, an appropriate response in compliance with such request. The parties agree not to participate, or to permit their Affiliates to participate, in any substantive meeting or discussion with the FTC, the Antitrust Division, or any Governmental Entity in connection with the transactions contemplated by this Agreement unless, except where prohibited by Law, it so consults with the other party in advance and, to the extent not prohibited by the FTC, the Antitrust Division, or such Governmental Entity, gives the other party the opportunity to attend and participate. Each party will advise the other party promptly of any understandings, undertakings or agreements (oral or written) which the first party proposes to make or enter into with the FTC, the Antitrust Division, or any Governmental Entity in connection with the transactions contemplated by this Agreement. In furtherance and not in limitation of the foregoing, each party will use all its commercially reasonable efforts (i) to resolve any objections that may be asserted with respect to the transactions contemplated by this Agreement under any antitrust, competition, premerger notification, trade regulation or merger control Law, including (subject to first having used commercially reasonable efforts to ensure negotiate a resolution to any such objections) contesting and resisting any action or proceeding, and (ii) to have vacated, lifted, reversed or overturned any decree, judgment, injunction or other Order, whether temporary, preliminary or permanent, that is in effect and that prohibits, prevents or restricts consummation of the Merger and or the other transactions contemplated by this Agreement may be consummated and to have such statute, rule, regulation, decree, judgment, injunction or other Order repealed, rescinded or made inapplicable so as promptly as practicable on to permit consummation of the terms transactions contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (AMICAS, Inc.), Merger Agreement (Emageon Inc)
Reasonable Efforts. Upon Subject to the express provisions of Section 5.2 and Section 5.3 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things reasonably necessary, proper or advisable to consummate and make effective, in the most expeditious manner as promptly as practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish including the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, ; (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations declarations, submissions and filings (including registrations, declarations declarations, and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, Entity; (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, ; and (viv) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Micron Technology Inc), Merger Agreement (Lexar Media Inc)
Reasonable Efforts. Upon Subject to the express provisions of Section 5.2 and Section 5.3 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this AgreementRegulatory Consents, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, reversed and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company Occam and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Occam Networks Inc), Merger Agreement (Accelerated Networks Inc)
Reasonable Efforts. Upon Subject to the express provisions of Section 5.2 and Section 5.3 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger Mergers and the other transactions contemplated by this Agreement, including, without limitation, including using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result ofparties, or in connection with, the transactions contemplated by this Agreementincluding all Necessary Consents, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Company Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Company Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Company Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Palm Inc), Agreement and Plan of Reorganization (Palm Inc)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this Agreement, including, with regard to the Company, Section 4.2 hereof, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions 63 contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the followingbut not limited to: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from all Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), Entities) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityEntity (including those in connection with the HSR Act and State Takeover Approvals), (iiiii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iviii) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, reversed and (viv) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, by this Agreement. In connection with and without limiting the foregoing, each of Purchaser Parent and the Company shall cooperate with each other in connection with the making of such filings, including providing copies of all such documents to the non-filing party and its respective Board of Directors shalladvisors prior to filing and, if requested, accepting all reasonable suggestions in connection therewith.
(b) The parties hereto will consult and cooperate with one another, and consider in good faith the views of one another, in connection with any state takeover statute analyses, appearances, presentations, memoranda, briefs, arguments, opinions and proposals made or similar statute submitted by or regulation is on behalf of any party hereto in connection with proceedings under or becomes applicable relating to the Merger, this Agreement HSR Act or any other federal, state or foreign antitrust or fair trade law. Each party shall promptly notify the other party of any communication to that party from any Governmental Entity in connection with any required filing with, or approval or review by, such Governmental Entity in connection with the transactions contemplated Merger and permit the other party to review in advance any such proposed communication to any Governmental Entity. Neither party shall agree to participate in any meeting with any Governmental Entity in respect of any such filings, investigation or other inquiry unless it consults with the other party in advance and, to the extent permitted by this Agreementsuch Governmental Entity, gives the other party the opportunity to attend and participate thereat.
(c) Each party shall use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by not take any action, or enter into any transaction, which would cause any of its representations or warranties contained in this Agreement may to be consummated as promptly as practicable on the terms contemplated untrue or result in a breach of any covenant made by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary it in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Algos Pharmaceutical Corp), Merger Agreement (Endo Pharmaceuticals Holdings Inc)
Reasonable Efforts. Upon Subject to the terms and subject to the conditions set forth provided in this Agreement, each of the parties hereto shall use its commercially reasonable best efforts to taketake promptly, or cause to be taken, all actions, and to dodo promptly, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under applicable Legal Requirements to consummate and make effectiveeffective the transactions contemplated hereby, to obtain all necessary waivers, consents and approvals and to effect all necessary registrations and filings and to remove any injunctions or other impediments or delays, legal or otherwise, in order to consummate and make effective the most expeditious manner practicable, transactions contemplated by this Agreement for the Merger and purpose of securing to the other transactions parties hereto the benefits contemplated by this Agreement, including, without 39 limitation, using reasonable efforts to accomplish the following: (ia) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Section 6.3 to be satisfied, satisfied (ii) the other than obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated are governed by this AgreementSection 5.7), (ivb) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity Authority vacated or reversed, reversed and (vc) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable Subject to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger terms and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary conditions provided in this Agreement, nothing in this Agreement shall be deemed to require Purchaser each of Parent, Sub and the Company will take all reasonable actions necessary to comply promptly with all legal requirements which may be imposed on such party with respect to the Merger and will promptly cooperate with and furnish information to any other party hereto in connection with any such requirements imposed upon such other party in connection with the Merger. Each party will take all reasonable actions to obtain (and will cooperate with the other parties in obtaining) any consent, authorization, order or approval of or any subsidiary registration, declaration or affiliate thereof filing with, or an exemption by, any Governmental Authority required to be obtained or made by such party or its subsidiaries in connection with the Merger or the taking of any action contemplated thereby or by this Agreement; provided, however, that no party shall be required to agree to any divestiture by itself Parent or the Company or any of its Parent's subsidiaries or affiliates of shares of capital stock or of any business, assets Assets or property, Property of Parent or its subsidiaries or affiliates or of the Company or its affiliates 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.
Appears in 2 contracts
Sources: Merger Agreement (Celsius Holdings, Inc.), Merger Agreement (Celsius Holdings, Inc.)
Reasonable Efforts. Upon On the terms and subject to the ------------------ conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger Merger, and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: including (ia) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactionsnon-actions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any)including without limitation, all filings under the HSR Act) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from or to avoid any suit, claim, action, investigation an action or proceeding by any Governmental AuthorityEntity, (iiib) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (ivc) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (vd) the execution or delivery of executing and delivering any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, by this Agreement. In connection with and without limiting Notwithstanding the foregoing, each of Purchaser no loan agreement or contract for borrowed money shall be repaid except as currently required by its terms, in whole or in part, and no contract shall be amended to increase the Company and its respective Board of Directors shall, if any state takeover statute amount payable thereunder or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything be more burdensome to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof to agree to any divestiture by itself or any of its affiliates Subsidiaries in order to attain any such consent, approval or authorization without the prior written consent 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 stockParent.
Appears in 2 contracts
Sources: Merger Agreement (Pine Holdings Inc), Merger Agreement (Pulaski Furniture Corp)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using reasonable efforts to accomplish the following: (ia) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement to Closing to be satisfiedsatisfied as promptly as practicable, (iib) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Authorities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), ) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by any Governmental Authority, (iiic) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (vd) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoingfirst sentence of this Section 6.03, each of Purchaser and the Company and its respective Board of Directors shall, if any and Parent and its Board of Directors shall (i) take all action reasonably necessary to ensure that no state takeover statute or similar statute or regulation is or becomes applicable to this Agreement, the Merger, this Agreement Merger or any of the other transactions contemplated by this Agreement and (ii) if any state takeover statute or similar statute becomes applicable to this Agreement, the Merger or any of the other transactions contemplated by this Agreement, use take all commercially reasonable efforts action reasonably necessary to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing the Merger and the other transactions contemplated by this Agreement. Nothing in this Agreement shall be deemed to require Purchaser and Parent to (A) agree to, or proffer to, divest or hold separate any assets or any portion of any business of Parent or any of its Subsidiaries or, assuming the consummation of the Merger, the Company or any subsidiary of its Subsidiaries, (B) not compete in any geographic area or affiliate thereof to agree to any divestiture by itself line of business or (C) restrict the manner in which, or whether, Parent, the Company, the Surviving Entity or any of its affiliates their respective Affiliates may carry on business in any part of shares of capital stock or of any businessthe world, assets or propertywhich, or in the imposition of any material limitation on the ability case of any of them clauses (A) through (C) above, would reasonably be likely to conduct their businesses have a Parent Material Adverse Effect, a Company Material Adverse Effect or materially impair the long-term benefits sought to own or exercise control of such assets, properties and stockbe derived from the Merger.
Appears in 2 contracts
Sources: Merger Agreement (Mid Atlantic Medical Services Inc), Merger Agreement (Unitedhealth Group Inc)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement and the Stockholder Agreement, including, without limitation, including using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement to Closing to be satisfied, satisfied as promptly as practicable; (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), including under the HSR Act) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental Authority, Entity; (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, parties; (iv) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the Stockholder Agreement or the consummation of the transactions contemplated herebyby this Agreement or the Stockholder Agreement, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, ; and (v) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement and the Stockholder Agreement. ; provided, however, that Parent will not be required to agree to, or proffer to, (i) divest or hold separate, or enter into any licensing or similar arrangement with respect to, any assets (whether tangible or intangible) or any of Parent's, the Company's or any of their respective affiliates' businesses or (ii) cease to conduct business or operations in any jurisdiction in which Parent, the Company or any of their respective subsidiaries conducts business or operations as of the date of this Agreement.
(b) In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any shall (i) take all action necessary to ensure that no state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement, the Stockholder Agreement or any of the other transactions contemplated by this Agreement or the Stockholder Agreement and (ii) if any state takeover statute or similar statute or regulation becomes applicable to the Merger, this Agreement, use the Stockholder Agreement or any other transaction contemplated by this Agreement or the Stockholder Agreement, take all commercially reasonable efforts action necessary to ensure that the Merger and the other transactions contemplated by this Agreement and the Stockholder Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and the Stockholder Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, Merger and the other transactions contemplated by this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Stockholder Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Vivendi), Merger Agreement (Mp3 Com Inc)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto party in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Articles VII and VIII to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, reversed and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In Notwithstanding anything in this Agreement to the contrary, neither Parent nor any of its affiliates shall be under any obligation to make proposals, execute or carry out agreements or submit to orders providing for the sale or other disposition or holding separate (through the establishment of a trust or otherwise) of any assets or categories of assets of Parent or any of its affiliates or imposing or seeking to impose any limitation on the ability of Parent or any of its subsidiaries or affiliates to conduct their business or own such assets.
(b) Each of VHA and Parent will give prompt notice to the other of (i) any notice or other communication from any person alleging that the consent of such person is or may be required in connection with and without limiting the foregoingconsummation of transactions contemplated by this Agreement, each of Purchaser and (ii) any notice or other communication from any Governmental Entity in connection with the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, transactions contemplated by this Agreement or the Outsourcing Agreement, (iii) any litigation relating to, involving or otherwise affecting VHA, Novation, HPPI, Parent or their respective subsidiaries that relates to the consummation of the transactions contemplated by this Agreement or the Outsourcing Agreement, use all commercially reasonable efforts . VHA shall give prompt notice to ensure that the Merger and the other transactions contemplated Parent of any representation or warranty made by it contained in this Agreement may becoming untrue or inaccurate, or any failure of VHA to comply with or satisfy in any material respect any covenant, condition or agreement to be consummated as promptly as practicable on the terms contemplated complied with or satisfied by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in it under this Agreement, nothing in each case, such that the conditions set forth in Article VIII would not be satisfied, provided, however, that no such notification shall affect the representations, warranties, covenants or agreements of the parties or the conditions to the obligations of the parties under this Agreement. Parent shall give prompt notice to VHA of any representation or warranty made by it contained in this Agreement shall be deemed to require Purchaser and the Company becoming untrue or inaccurate, or any subsidiary failure of Parent to comply with or affiliate thereof satisfy in any material respect any covenant, condition or agreement to agree to any divestiture be complied with or satisfied by itself it under this Agreement, in each case, such that the conditions set forth in Article VII would not be satisfied, provided, however, that no such notification shall affect the representations, warranties, covenants or any agreements of its affiliates of shares of capital stock or of any business, assets or property, the parties or the imposition conditions to the obligations 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 stockparties under this Agreement.
Appears in 2 contracts
Sources: Common Stock and Warrant Agreement (Vha Inc), Common Stock and Warrant Agreement (Neoforma Com Inc)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto party in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: including (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (iia) the obtaining of all necessary actions or nonactionsnon-actions, waivers, consents, approvals, orders consents and authorizations approvals from any applicable Governmental Authority, Authority and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by any Governmental Authority, (iiib) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (ivc) the obtaining of all necessary consents, approvals and waivers from shareholders, if any, required to approve the transaction contemplated hereby; (d) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity Authority vacated or reversed, and (ve) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated byby this Agreement; provided, however, that notwithstanding any provision hereof to the contrary, none of the parties shall have any obligation to dispose of any assets, terminate any lines of business or pay any fee to any third party for the purpose of obtaining a consent (other than customary filing fee of Governmental Authorities) or any costs and expenses of any third party resulting from the process of obtaining such consent. In this regard, each party (a) shall make an appropriate filing pursuant to the HSR Act and as required by the Competition Act with respect to the transaction contemplated hereby within ten (10) business days following the execution of this Agreement, (b) shall cooperate and coordinate such filing with the other parties. In addition, Sellers shall (x) identify to Buyers the key employees of the Sold Business, (y) cooperate and assist Buyers in entering into employment agreements covering employment with Sold Business after Closing, with such key employees on terms satisfactory to Buyers, and to fully carry out the purposes of, this Agreement. In connection (z) assist and cooperate with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any Buyers in arranging meetings with key customers of the transactions Sold Business regarding the transaction contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Agilysys Inc), Asset Purchase Agreement (Arrow Electronics Inc)
Reasonable Efforts. Upon Subject to the express provisions of Section 6.2 and Section 6.3 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VII to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, hereby and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Captaris Inc), Merger Agreement (Castelle \Ca\)
Reasonable Efforts. Upon (a) Subject to the terms and subject to the conditions set forth in this Agreementherein provided, each of the parties hereto shall use its commercially all reasonable best efforts to take, or cause to be taken, all actions, action and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, effective the transactions contemplated by this Agreement, including using its reasonable efforts to obtain all necessary or appropriate waivers, consents and approvals, to effect all necessary registrations, filings and submissions (ivincluding, but not limited to, (i) filings under the defending HSR Act and any other submissions requested by the Federal Trade Commission or Department of Justice and (ii) such filings, consents, approvals, orders, registrations and declarations as may be required under the laws of any suitsforeign country in which the Company or any of its subsidiaries conducts any business or owns any assets) and to lift any injunction or other legal bar to the Merger (and, claimsin such case, actionsto proceed with the Merger as expeditiously as possible, investigations or proceedings, whether judicial or administrative, challenging this Agreement or subject to the consummation other terms and conditions hereof).
(b) Each of the parties hereto will keep the other party apprised of the status of matters relating to the completion of the transactions contemplated hereby, including, without limitation, seeking . Subject to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) applicable laws relating to the execution or delivery exchange of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoinginformation, each of Purchaser and the Company and its respective Board of Directors shallParent shall have the right to review in advance, if any state takeover statute or similar statute or regulation is or becomes applicable and will consult with the other with respect to, all information relating to the Mergerother party and each of their respective subsidiaries, this Agreement which appears in any waivers, consents, approvals, orders, registrations, filings, submissions or declarations made with or written materials submitted to any of third party or government entity in connection with the transactions contemplated by this Agreement. In exercising the foregoing right, use all commercially reasonable efforts each of the parties hereto agrees to ensure that the Merger act reasonably and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on practicable.
(c) Notwithstanding the terms contemplated by foregoing, the Company shall not be obligated to use its reasonable efforts or take any action pursuant to this Agreement and otherwise to minimize Section 6.3 if in the effect opinion of the Board of Directors after consultation with its counsel such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything actions would be inconsistent with its fiduciary duties to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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 stockCompany's stockholders under applicable law.
Appears in 2 contracts
Sources: Merger Agreement (General Housewares Corp), Merger Agreement (CCPC Holding Co Inc)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using commercially reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement Article VII to be satisfied, (ii) the obtaining of obtain all necessary actions or nonactionsactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of to make all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of to take all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of to obtain all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, of the transactions contemplated by in this Agreement, (iv) the defending of to defend any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking including to seek to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, reversed and (v) the execution to execute or delivery of deliver any additional certificates, instruments and other documents reasonably necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each Parent and its board of Purchaser directors and the Company and its respective Board board of Directors directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all its commercially reasonable efforts to ensure that enable the Merger and the other transactions contemplated by this Agreement may to be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Israel Technology Acquisition Corp.), Merger Agreement (Israel Technology Acquisition Corp.)
Reasonable Efforts. Upon Subject to the terms and subject to the conditions set forth in of this Agreement, each of the parties hereto Intellicell shall use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective, in effective the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, Agreement including, without limitation, using reasonable efforts to accomplish the following: (i) with the taking assistance of all reasonable actions necessary to cause CWI, the conditions precedent set forth in this Agreement to be satisfied, prompt preparation and filing with the SEC of the Proxy Statement; (ii) with the obtaining assistance of CWI, such actions as may be required to have the Proxy Statement cleared by the SEC as promptly as practicable, including by consulting with CWI as to, and responding promptly to, any SEC comments with respect thereto; (iii) with the assistance of CWI, such actions as may be required to be taken under applicable state securities or Blue Sky laws in connection with the issuance of the shares of Intellicell Common Stock contemplated hereby; and (iv) the preparation and filing of all necessary actions or nonactionsother forms, waivers, consents, approvals, orders registrations and authorizations from Governmental Authority, and notices required to be filed to consummate the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), transactions contemplated hereby and the taking of all reasonable steps such actions as may be are necessary to avoid obtain any suitrequisite approvals, claimconsents, actionorders, investigation or proceeding exemptions, and waivers by any Governmental Authoritypublic or private third parties. Notwithstanding the foregoing, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may Intellicell shall not be required or desirable to agree, as a result of, condition to any governmental approval of or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of consents to the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery divest itself of any additional certificatesSubsidiary, instruments and other documents necessary division or business units which is material to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company Intellicell and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated Subsidiaries taken as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof to agree to any divestiture by itself or any of its affiliates of shares of capital stock or of any business, assets or propertya whole, or the imposition divestiture of any material limitation on the ability of any of them which would be reasonable likely to conduct their businesses or to own or exercise control of such assets, properties and stockhave a Material Adverse Effect.
Appears in 2 contracts
Sources: Merger Agreement (Intellicell Corp), Agreement and Plan of Merger (Intellicell Corp)
Reasonable Efforts. Upon Subject to the express provisions of Section 5.2 and Section 5.3 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using commercially reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause causing the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all commercially reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result ofparties, or in connection withincluding all Necessary Consents, and the transactions contemplated by this Agreementremoval of all Legal Restraints, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement, and (vi) in the case of Parent, voting the shares of Novadigm Common Stock held by Parent in favor of approval and adoption of this Agreement and approval of the Merger. In connection with and without limiting the foregoing, each of Purchaser and the Company and Novadigm, its respective Board of Directors and Subsidiaries shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 2 contracts
Sources: Merger Agreement (Hewlett Packard Co), Merger Agreement (Novadigm Inc)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its all commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger Arrangement and the other transactions contemplated by this Agreement, including, without limitation, including using commercially reasonable efforts to accomplish the following: (ia) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article 7 to be satisfied, ; (iib) the obtaining of the Appropriate Regulatory Approvals and all other necessary actions or nonactionsactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Bodies and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesBodies, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, Body; (iiic) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, of the transactions contemplated by in this Agreement, ; (ivd) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity Body vacated or reversed, and ; (ve) the execution or delivery of any additional certificates, instruments and other documents reasonably necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with ; and without limiting (f) the foregoing, each preparation of Purchaser the Joint Proxy Circular and the Company calling and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any holding of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger Glyko Shareholders Meeting and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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 stockBioMarin Stockholders Meeting.
Appears in 2 contracts
Sources: Acquisition Agreement (Glyko Biomedical LTD), Acquisition Agreement (Biomarin Pharmaceutical Inc)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto party in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Articles VII and VIII to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, reversed and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement to the contrary, neither Parent nor any of its affiliates shall be deemed under any obligation to require Purchaser and make proposals, execute or carry out agreements or submit to orders providing for the Company sale or other disposition or holding separate (through the establishment of a trust or otherwise) of any subsidiary assets or affiliate thereof to agree to any divestiture by itself categories of assets of Parent or any of its affiliates of shares of capital stock or of imposing or seeking to impose any business, assets or property, or the imposition of any material limitation on the ability of Parent or any of them its subsidiaries or affiliates to conduct their businesses business or to own or exercise control of such assets, properties and stock.
Appears in 1 contract
Sources: Common Stock and Warrant Agreement (Neoforma Com Inc)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall will use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, including without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), Entities) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityEntity, (iiiii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iviii) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order adverse Order entered by any court or other Governmental Entity vacated or reversed, and (viv) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. Nothing set forth in this Section 6.03(a) will limit or affect actions permitted to be taken pursuant to Section 5.02 or 5.03.
(b) In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shallParent will, if any and Parent will cause Sub to, (i) take all action necessary to ensure that no state takeover statute or similar statute or regulation is or becomes applicable to the MergerOffer, this Agreement the Merger or any of the other transactions contemplated by this Agreementhereby, use and (ii) if any state takeover statute or similar statute or regulation becomes applicable thereto, take all commercially reasonable efforts action necessary to ensure that the Offer and the Merger and the such other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement hereby and otherwise to minimize the effect of such statute or regulation on the Mergerthereon.
(c) Notwithstanding any other provision hereof, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall no event will Parent be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof required to agree to any divestiture by itself divestiture, hold- separate or other requirement in connection with this Agreement 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 stocktransactions contemplated thereby.
Appears in 1 contract
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall Parties agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto Parties in doing, all things reasonably necessary, proper proper, desirable or advisable to consummate and make effective, in the most expeditious manner practicablepracticable but in any event prior to the Outside Date, the Merger Acquisition and the other transactions contemplated by this AgreementTransactions (including the Distribution), including, without limitation, including using commercially reasonable efforts to accomplish the following: (i) the taking of all such reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement ARTICLE VII to be satisfied, (ii) the obtaining of all such reasonably necessary actions or nonactionsactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Authorities and the making of all such reasonably necessary registrations, declarations declarations, filings and filings notices (including registrations, declarations declarations, filings and filings notices with Governmental Authorities, if any), ) and the taking of all such reasonable steps as may be reasonably necessary to avoid any suit, claim, action, investigation or proceeding Action by any Governmental AuthorityAuthority in connection with the Transactions, (iii) the obtaining of all necessary such material consents, approvals or waivers from third parties which may be required or desirable as a result of the Transactions; provided that no Party nor any of their Affiliates shall be required to pay or commit to pay any amount to (or incur any obligation in favor of) any Person from whom any such consent, approval, or waiver may be required, unless such payment is required in connection withaccordance with the terms of the relevant Company Contract or Parent Contract, the transactions contemplated by this Agreementas applicable, requiring consent, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated herebyTransactions, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity Authority vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents reasonably necessary to consummate the transactions contemplated byconsummate, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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 stockTransactions.
Appears in 1 contract
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate obtain the adoption of this Agreement by the stockholders of the Company as contemplated by Sections 4.1(a) and make effective4.2(a) hereof and to consummate, in the most expeditious manner practicableas soon as practicable following such approval, the Merger and the other transactions contemplated by this Agreement and the Distribution Agreement, including, without limitation, using reasonable efforts but not limited to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (iia) the obtaining of all necessary actions or nonactionsactions, waivers, consents, approvals, orders consents and authorizations approvals from all Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), Entities) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityEntity (including those in connection with the HSR Act), (iiib) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (ivc) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement, the Distribution Agreement or the consummation of the transactions contemplated herebyhereby or thereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable respect to the Merger, this Agreement or the Distribution Agreement vacated or reversed, (d) the execution and delivery of any of additional instruments necessary to consummate the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything Distribution Agreement and (e) causing all conditions to the contrary parties' obligations to consummate (i) the Merger set forth in this AgreementArticle 4 hereof and (ii) the Distribution set forth in Section 2.1(b) of the Distribution Agreement to be satisfied. The Company and UNITRIN, nothing in this Agreement upon the other's request, shall be deemed provide all such information reasonably necessary to require Purchaser accomplish the foregoing concerning the party's business and affairs to the Company or any subsidiary or affiliate thereof 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 stockother party.
Appears in 1 contract
Reasonable Efforts. Upon Subject to the express provisions of Section 6.2 and Section 6.3 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using commercially reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VII to be satisfied, ; (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, Entity; (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, parties; (iv) the taking of all actions set forth on Schedule 6.6(d); (v) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, ; and (vvi) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary herein, if the lessor or licensor under any Lease Document conditions its grant of a consent (including by threatening to exercise a “recapture” or other termination right) upon, or otherwise requires in response to a notice or consent request regarding this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company payment of a consent fee, “profit sharing” payment or any subsidiary or affiliate thereof to agree to any divestiture by itself or any of its affiliates of shares of capital stock or of any business, assets or propertyother consideration (including increased rent payments), or the imposition provision of any material limitation on additional security (including a guaranty), the ability of any of them Company shall be solely responsible for making all such payments or providing all such additional security and the terms thereof shall be subject to conduct their businesses or to own or exercise control of such assets, properties and stockParent’s approval.
Appears in 1 contract
Sources: Agreement and Plan of Merger (Nuance Communications, Inc.)
Reasonable Efforts. Upon Subject to the express provisions of Section 5.2 and Section 5.3 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result ofparties, or in connection with, the transactions contemplated by this Agreementincluding all Necessary Consents, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company Compaq and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Compaq Computer Corp)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Offer, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement to Closing to be satisfied, satisfied as promptly as practicable; (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental Authority, Entity; (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, parties; (iv) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, ; and (v) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. ; PROVIDED, HOWEVER, that Parent will not be required to agree to, or proffer to, (i) divest or hold separate any of Parent's, Target's or any of their respective subsidiaries' or affiliates' businesses or assets (other than DE MINIMIS divestitures of immaterial assets) or (ii) cease to conduct business or operations in any jurisdiction in which Parent, Target or any of their respective subsidiaries conducts business or operations as of the date of this Agreement.
(b) In connection with and without limiting the foregoing, each of Purchaser and the Company Target and its respective Board of Directors shall, if any and Parent and its Board of Directors shall (i) take all action necessary to ensure that no state takeover statute or similar statute or regulation is or becomes applicable to the Offer, the Merger, this Agreement or any of the other transactions contemplated by hereby and (ii) if any state takeover statute or similar statute or regulation becomes applicable to the Offer, the Merger, this AgreementAgreement or any other transaction contemplated hereby, use take all commercially reasonable efforts action necessary to ensure that the Offer, the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the MergerOffer, this Agreement the Merger and the other transactions contemplated hereby. Notwithstanding anything to the contrary in by this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 1 contract
Sources: Merger Agreement (Vivendi Universal)
Reasonable Efforts. Upon (a) Subject to Section 5.13(b) and following the terms and subject to the conditions set forth in this AgreementAgreement Date, each of the parties hereto Company, Acquiror and Sub shall use its commercially reasonable best efforts to take, or cause to be taken, all actionsaction, and or to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under applicable Legal Requirements to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, effective the transactions contemplated by this Agreement, (iv) Agreement and to cause the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or conditions to the consummation obligations of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary party hereto to consummate the transactions contemplated byhereby to be satisfied at the Closing and as of the Effective Time as provided herein, including obtaining all Governmental Approvals and to fully carry out Third Party Approvals and removing any injunctions or other Encumbrances on any assets of the purposes ofCompany, this Agreement. In connection with and without limiting the foregoingobtaining or removal of which are necessary, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute proper or similar statute or regulation is or becomes applicable advisable to the Merger, this Agreement or any consummation of the transactions contemplated by this Agreement. The Company, use Acquiror and Sub shall reasonably cooperate with each other in connection with the taking of all commercially actions referenced in the preceding sentence, including providing such reasonable efforts to ensure that the Merger and assistance as the other transactions contemplated by party may request in connection with its preparation of any required filings or submissions.
(b) Notwithstanding anything in this Agreement may to the contrary, neither the Company nor Acquiror shall be consummated as promptly as practicable on required to expend any material amount of money, commence any litigation or offer or grant any accommodation (financial or otherwise) to any third party or Governmental Entity in connection with obtaining any consent, substitution, approval or amendment required to be obtained by the terms contemplated by this Agreement and otherwise to minimize the effect of such statute Company or regulation on the Merger, this Agreement and Acquiror in connection with the transactions contemplated hereby. Notwithstanding anything to the contrary In addition, nothing contained in this Agreement, nothing in this Agreement Section 5.13 shall be deemed to require Purchaser Acquiror, Sub or any of their affiliates to (and the Company shall not without Acquiror’s prior written consent agree to) take any action, or commit to take any subsidiary action, or affiliate thereof to agree to any divestiture by itself condition, requirement or restriction in connection with obtaining any of its affiliates of shares of capital stock Governmental Approvals that would be or of any business, assets or property, or the imposition of any material limitation on the ability of any of them would reasonably be expected to conduct their businesses or to own or exercise control of such assets, properties and stockcreate a Materially Burdensome Regulatory Condition.
Appears in 1 contract
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall use its commercially all reasonable best efforts to take, or cause to be taken, all reasonable actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things reasonably necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger Offer and the other transactions contemplated by this AgreementShare Exchange, including, without limitation, using reasonable efforts to accomplish the following: including (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityEntity, (iiiii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result ofparties, or in connection withincluding, without limitation, the transactions contemplated by this Agreementconsent of Wakefern Food Corporation to the Transactions, (iviii) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated herebyTransactions, including, without limitationwhen reasonable, seeking to have any stay or judgment, order, temporary restraining order order, temporary or permanent injunction, ruling or decree or other court action (an "Order") entered by any court or other Governmental Entity vacated or reversed, reversed and (viv) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, Transactions and to fully carry out the purposes of, of this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing Nothing in this Agreement shall be deemed to require Purchaser and the Company any party to waive any substantial rights or any subsidiary or affiliate thereof to agree to any divestiture by itself substantial limitation on its operations or any of its affiliates of shares of capital stock or to dispose of any business, assets significant asset or property, or the imposition collection 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.
Appears in 1 contract
Sources: Tender Offer and Support Agreement (Foodarama Supermarkets, Inc.)
Reasonable Efforts. Upon (a) Subject to the terms and subject to the conditions set forth in of this Agreement, each of the parties hereto shall cooperate with the other parties and use its (and shall cause their respective Subsidiaries to use) all commercially reasonable best efforts to promptly (i) take, or cause to be taken, all actions, and to do, or cause to be done, all things, necessary, proper or advisable under applicable Law or otherwise to cause the conditions to Closing to be satisfied as promptly as practicable and to assist consummate the Merger and cooperate with the other parties hereto Transactions contemplated in doingthis Agreement and the documents, instruments and agreements entered into in connection with this Agreement, satisfy the closing conditions herein and the documents, instruments and agreements entered into in connection herewith, including preparing and filing promptly and fully all things documentation to effect all necessary filings, notices, petitions, statements, registrations, submissions of information, applications and other documents (including any required or recommended filings under applicable Antitrust Laws), and (ii) obtain all approvals, consents, registrations, permits, authorizations and other confirmations from any Governmental Authority necessary, proper or advisable to consummate the Transactions, and make effectivethird party approvals, in consents, registrations, permits, authorizations and confirmations set forth on Schedule 5.4(a) of the most expeditious manner practicableCompany Disclosure Schedule (such approvals, consents, registrations, permits, authorizations and confirmations, collectively, the Merger “Required Consents”). Each of the parties shall provide the other parties with copies of all filings made by such party with any Governmental Authority and, upon request, any other information supplied by such party to a Governmental Authority in connection with this Agreement and the Transactions contemplated hereby. For purposes hereof, “Antitrust Laws” means the ▇▇▇▇▇▇▇ Act, as amended, the ▇▇▇▇▇▇▇ Act, as amended, the ▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Act, the Federal Trade Commission Act, as amended, and all other transactions applicable Laws that are designed or intended to prohibit, restrict or regulate actions having the purpose or effect of monopolization or restraint of trade or lessening of competition through merger or acquisition.
(b) Without limiting the generality of the undertakings pursuant to this Section 5.4, (i) the parties hereto shall provide or cause to be provided as promptly as practicable to the Governmental Authorities with regulatory jurisdiction over enforcement of any applicable Antitrust Laws (a “Governmental Antitrust Entity”) any information and documents requested by any Governmental Antitrust Entity or necessary, proper or advisable to permit the consummation of the Transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, and (ii) the obtaining of Company shall use its reasonable best efforts to (x) take all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be action necessary to avoid ensure that no state takeover statute or similar Law is or becomes applicable to any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, Transactions and (vy) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or Law becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this AgreementTransactions, use take all commercially reasonable efforts action necessary to ensure that the Merger and the other transactions contemplated by this Agreement Transactions may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Law on the Merger, Transactions. The parties hereto shall use their respective reasonable best efforts to take such actions as are necessary or reasonably advisable to obtain approval of the consummation of the Transactions contemplated by this Agreement by any Governmental Antitrust Entity. Each party hereto shall act in good faith and reasonably cooperate with each other party in connection with any such filings (including, if requested by such other party, to accept all reasonable additions, deletions or changes suggested by the transactions other party in connection therewith) and use all reasonable best efforts to resolve all objections and challenges, if any, that may be asserted by any Governmental Authority or Government Antitrust Entity with respect to the Transactions contemplated herebyby this Agreement under the Antitrust Laws. Subject to appropriate confidentiality protections, each party hereto shall furnish to the other parties such necessary information and reasonable assistance as such other party may reasonably request in connection with the foregoing. Notwithstanding anything in this Agreement to the contrary contrary, in no event shall Parent or Merger Sub be obligated to propose or agree to accept any undertaking or condition, to enter into any consent decree, to make any divestiture, to accept any operational restriction, or take any other action that, in the reasonable judgment of Parent, could be expected to (1) limit the right of Parent to own or operate all or any portion of the Company’s business or of Parent to own or operate any portion of the Company’s existing businesses or assets, or (2) require Parent or any of Parent’s Subsidiaries to license any of their Intellectual Property Rights or to modify any existing license of their Intellectual Property Rights, and, in each case, that would have a Parent Material Adverse Effect or Company Material Adverse Effect, as the case may be. In regard to any Governmental Authority, neither the Company or its Subsidiaries on the one hand nor Parent or Merger Sub on the other hand shall, without the other party’s prior written consent, discuss or commit to any divestiture transaction, or discuss or commit to alter any of their businesses or commercial practices in any way, or otherwise take or commit to take any action that limits Parent’s freedom of action with respect to, or Parent’s ability to retain any of the businesses, product or service lines or assets of, the Company or otherwise receive the full benefits of this Agreement.
(c) To the extent not prohibited by applicable Law providing notice and any opportunity to participate to the other parties, each party hereto shall provide to the other parties copies of all correspondence between it (or its advisors) and any Governmental Antitrust Entity relating to the Transactions contemplated by this Agreement or any of the matters described in this Section 5.4, and, to the extent reasonably practicable, all discussions, telephone calls, and meetings with a Governmental Antitrust Entity regarding the Transactions contemplated by this Agreement or any of the matters described in this Section 5.4 shall include representatives of Parent and the Company. Subject to applicable Law, the parties will consult and cooperate with each other in connection with any analyses, appearances, presentations, memoranda, briefs, arguments, opinions and proposals made or submitted by or on behalf of any party hereto relating to proceedings under the Antitrust Laws, and shall provide to the Company’s or Parent’s outside antitrust counsel, as appropriate, all information and documents reasonably requested by such counsel promptly upon request, subject to any reasonable restrictions. The parties hereto may, as each deems advisable and necessary, reasonably designate any competitively sensitive material provided to the other under this Section 5.4 as “outside counsel only” or “outside antitrust counsel only.” Such materials and the information contained therein shall be given only to the outside legal counsel of the recipient or in the case of outside antitrust counsel only to the outside antitrust counsel of the recipient and will not be disclosed by such outside counsel or outside antitrust counsel to employees, officers, or directors of the recipient, unless express written permission is obtained in advance from the source of the materials of Parent and the Company.
(d) The Company shall use its reasonable best efforts to seek and obtain all required prior consents from all applicable Governmental Authorities to the indirect transfer of control of the Company’s Permits (including Environmental Permits), and Parent shall cooperate with the Company in providing information regarding Parent that is reasonably required for the Company to obtain such consent. Such cooperation and assistance shall include, but is not limited to, such party’s or its agents’ attendance at public hearings and, to the extent necessary, the use of the knowledge, expertise and information of such party and its agents, experts and employees.
(e) Parent, Merger Sub and their respective Affiliates shall not acquire or agree to acquire by merging or consolidating with, or by purchasing a substantial portion of the assets of or equity in, or by any other manner, any Person or portion thereof, or otherwise acquire or agree to acquire any assets, if the entering into a definitive agreement relating to or the consummation of such acquisition, merger or consolidation would reasonably be expected to (i) impose any delay in the obtaining of, or increase the risk of not obtaining, any authorizations, consents, orders, declarations or approvals of any Governmental Authority necessary to consummate the Transactions contemplated by this Agreement or the expiration or termination of any applicable waiting period, (ii) increase the risk of any Governmental Authority entering an order prohibiting the consummation of the Transactions contemplated by this Agreement, nothing in this Agreement shall be deemed (iii) increase the risk of not being able to require Purchaser and the Company or remove any subsidiary or affiliate thereof to agree to any divestiture by itself or any of its affiliates of shares of capital stock or of any business, assets or propertysuch order on appeal, or (iv) otherwise delay the imposition consummation 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 stockTransactions.
Appears in 1 contract
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreementherein, during the Pre-Closing Period, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement SECTION 8, SECTION 9 and SECTION 10 to be satisfied, ; (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding Action by any Governmental Authority, ; (iii) the obtaining of obtain all necessary consents, approvals Consents or waivers from third parties, including all applicable Consents under the Contracts (provided that, the parties which may will discuss in good faith procedures to pursue third party Consents with respect to the Merger, it being understood that the Company shall not make, or offer to make, or be required to make, any payment or desirable as a result of, or other commitment in connection withwith obtaining any such Consent without the prior written consent of Parent, the transactions contemplated by this Agreementwhich consent shall not be unreasonably withheld, conditioned or delayed); (iv) the defending of defend any suits, claims, actions, investigations or proceedings, whether judicial or administrative, Actions challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, ; and (v) the execution execute or delivery of deliver any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement, including obtaining executed Joinder Agreements from each Company Stockholder. In connection with with, and without limiting the foregoing, each of Purchaser the Company and the Company and its respective Board shall use all reasonable efforts to ensure that no state takeover law or similar Legal Requirements are or become applicable to the Merger, this Agreement or any of Directors shallthe transactions contemplated hereby and, if any state takeover statute or similar statute or regulation is Legal Requirements are or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreementhereby, shall use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of any such statute or regulation Legal Requirements on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything in this Agreement to the contrary in this Agreementcontrary, nothing contained in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof to agree to any divestiture by itself Parent or any of its affiliates of shares of capital stock or of any business, assets or propertySubsidiaries to take, or the imposition agree to take, any Action 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 stockDivestiture.
Appears in 1 contract
Sources: Merger Agreement (Emc Corp)
Reasonable Efforts. Upon a. Subject to the terms and subject to the conditions set forth in this Agreementherein provided, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actionsaction, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective, in effective the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts making all required filings and applications and complying with or responding to accomplish any requests by Government Authorities.
b. If at any time after the following: (i) Closing Date any further action is necessary or desirable to carry out the taking provisions of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement (including transferring any assets and rights which should have been owned by the members of the Acquired Group, but were not, or which should not have been owned by the members of the Acquired Group, but were, or transferring any mail or payments on accounts receivable which should have been delivered to the other party hereunder), the parties hereto shall take or cause to be satisfied, (ii) the obtaining of taken all such necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or and delivery of any additional certificates, such further instruments and documents as may be reasonably requested by the other documents necessary party for such purposes or otherwise to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and make effective the transactions contemplated hereby.
c. After Closing, Seller shall retain, and provide Buyer with reasonable access to, copies of all insurance policies and other insurance information reflecting Seller's Insurance, and shall make, and diligently pursue, claims under Seller's Insurance for all liabilities incurred prior to Closing. Notwithstanding anything After Closing, Seller shall maintain, and shall not take any steps to cancel or materially change, buy-out or remove the contrary in this AgreementAcquired Companies, nothing as applicable, or Seller as a named insured or as an additional insured, from any of Seller's Insurance with respect to any events, occurrences or matters covered by such policies that occur prior to Closing. Nothing in this Agreement shall be deemed construed to require Purchaser eliminate Seller's rights to coverage and the Company to make claims under Seller's Insurance for any events, occurrences or any subsidiary or affiliate thereof to agree to any divestiture matters which, except for this Agreement, would have been covered 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 stockSeller's Insurance.
Appears in 1 contract
Reasonable Efforts. Upon Subject to the express provisions of Section 7.2 and Section 7.3 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VIII to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this AgreementRegulatory Consents, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, reversed and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser Parent and the Company and its their respective Board Boards of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions -67- C:\WINDOWS\temp\Merger Agreement.doc (265888) contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Autotradecenter Com Inc)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effectiveeffective the transactions contemplated hereby, to satisfy the conditions to the obligations to consummate the Merger, to obtain all necessary waivers, consents and approvals and to effect all necessary registrations and filings and to remove any injunctions or other impediments or delays, legal or otherwise, in the most expeditious manner practicable, the Merger order to consummate and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, make effective the transactions contemplated by this Agreement for the purpose of securing to the parties hereto the benefits contemplated by this Agreement. Notwithstanding the foregoing or any other provision of this Agreement, it is expressly understood and agreed that Parent shall have no obligation to litigate or contest, any Action or any order, including any suit, objection, requirement or other action by the United States Federal Trade Commission (iv) the defending “FTC”), the United States Department of Justice, any suitsother such governmental authority, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of any private party with respect to the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, ; and (viii) nothing in this Agreement will require, or be deemed to require, the execution parties to this Agreement to agree to sell, hold separate, divest, discontinue or delivery limit, any assets, businesses or interest in any assets or businesses of any additional certificates, instruments and other documents necessary to consummate Parent or the transactions contemplated by, and to fully carry out the purposes of, this AgreementCompany. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board board of Directors directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, Merger and this Agreement or any of the transactions contemplated by this Agreementhereby, use all commercially reasonable best efforts to ensure that the Merger and this Agreement, and the other transactions contemplated by this Agreement hereby may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement Agreement, and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 1 contract
Sources: Merger Agreement (Insightful Corp)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger Acquisition and the other transactions contemplated by this Agreement, including, without limitation, including using commercially reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactionsactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, of the transactions contemplated by in this Agreement, including without limitation the consents referred to in Schedule 2.5 of the Seller Schedule, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents reasonably necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this AgreementAgreement and (vi) the separation of the Company’s IT functions from the IT functions of Seller and AHL. In connection with and without limiting the foregoing, each at Closing Buyer shall send a termination letter to Continental in substantially the form of Purchaser Exhibit A attached to the Investment Management Trust Agreement by and between Buyer and Continental dated as of February 5, 2007. In connection with and without limiting the Company foregoing, Buyer and its respective Board board of Directors directors and Seller and its board of directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the MergerAcquisition, this Agreement or any of the transactions contemplated by this Agreement, use all its commercially reasonable efforts to ensure that enable the Merger Acquisition and the other transactions contemplated by this Agreement may to be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated herebyAgreement. Notwithstanding anything herein to the contrary in this Agreementcontrary, nothing in this Agreement shall be deemed to require Purchaser and the Company Buyer or any subsidiary or affiliate thereof Seller 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 business or to own or exercise control of such assets, properties and stock.
Appears in 1 contract
Sources: Stock Purchase Agreement (Union Street Acquisition Corp.)
Reasonable Efforts. Upon Prior to the Closing, upon the terms and subject to the conditions set forth in of this Agreement, each of Parent, Purchaser and the parties hereto shall Company agree to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable (subject to any applicable laws) to consummate the Offer and the Merger and make effectiveeffective the Merger and the other Transactions as promptly as practicable including, in (i) the most expeditious manner practicablepreparation and filing of all forms, registrations and notices required to be filed to consummate the Offer, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) Transactions and the taking of all reasonable such actions as are necessary to cause the conditions precedent set forth in this Agreement to be satisfiedobtain any requisite approvals, consents, orders, exemptions or waivers by any third party or Governmental Entity and (ii) the obtaining satisfaction of all necessary actions or nonactionsthe other parties' conditions to Closing. In addition, waivers, consents, approvals, orders and authorizations from Governmental Authority, and no party hereto shall take any action after the making date of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary this Agreement to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) materially delay the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or result in connection withnot obtaining, the transactions contemplated by this Agreementany permission, (iv) the defending of approval or consent from any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and be obtained prior to fully carry out the purposes of, this AgreementClosing. In connection with and without limiting Notwithstanding the foregoing, each or any other covenant herein contained, in connection with the receipt of Purchaser and any necessary approvals under the HSR Act, neither the Company and its respective Board nor any of Directors shallthe Company Subsidiaries shall be entitled to divest or hold separate or otherwise take or commit to take any action that limits Parent's or Purchaser's freedom of action with respect of, if any state takeover statute or similar statute or regulation is or becomes applicable their ability to retain, the Merger, this Agreement Company or any of the transactions contemplated by this AgreementCompany Subsidiaries or any material portions thereof or any of the businesses, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect product lines, properties or assets of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof to agree to any divestiture by itself or any of its affiliates of shares of capital stock or of any businessSubsidiaries, 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 without Parent's prior written consent (which may be withheld in Parent's sole and stockabsolute discretion).
Appears in 1 contract
Reasonable Efforts. Upon (a) Subject to the terms and subject to the conditions set forth in of this Agreement, each of the parties hereto shall Party will use its commercially reasonable best efforts to take, or cause to be taken, all actions, actions and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under applicable Laws to consummate and make effectivethe Transactions as soon as practicable after the date hereof, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: including (i) preparing and filing or otherwise providing, in consultation with the taking of other Party and as promptly as practicable and advisable after the date hereof, all reasonable actions documentation to effect all necessary applications, notices, petitions, filings, and other documents and to cause the conditions precedent set forth in this Agreement obtain as promptly as practicable all waiting period expirations or terminations, consents, clearances, waivers, licenses, orders, registrations, approvals, permits, and authorizations necessary or advisable to be satisfied, obtained from any third party and/or any Governmental Authority in order to consummate the Transactions and (ii) the obtaining of taking all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary necessary, subject to avoid any suitthe limitations in this Section 7.08, claimto obtain all such waiting period expirations or terminations, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result ofclearances, or in connection withwaivers, the transactions contemplated by this Agreementlicenses, registrations, permits, authorizations, orders and approvals.
(ivb) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser the Parties shall give any required notices to third parties, and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any each of the transactions contemplated by this AgreementParties shall use, use all and cause each of their respective Subsidiaries and Affiliates to use, commercially reasonable efforts to ensure obtain any third party consents that are necessary, proper or advisable to consummate the Merger and Transactions. Each of the Parties will furnish to the other transactions contemplated by such necessary information and reasonable assistance as the other may request in connection with the preparation of any required filings or submissions with any Governmental Authority and will cooperate in responding to any inquiry from a Governmental Authority, including promptly informing the other Parties of such inquiry, consulting in advance before making any presentations or submissions to a Governmental Authority, and supplying each other with copies of all material correspondence, filings or communications between either Party and any Governmental Authority with respect to this Agreement Agreement. To the extent reasonably practicable, the Parties and their Representatives shall have the right to review in advance and each of the Parties will consult the others on, all the information relating to the other and each of their Affiliates that appears in any filing made with, or written materials submitted to, any Governmental Authority in connection with the Transactions, except that confidential competitively sensitive business information may be consummated as promptly as practicable on redacted from such exchanges. To the terms contemplated by this Agreement and otherwise to minimize extent reasonably practicable, none of the effect Parties shall, nor shall they permit their respective Representatives to, participate independently in any meeting or engage in any substantive conversation with any Governmental Authority in respect of any filing, investigation or other inquiry without giving the other Party prior notice of such statute meeting or regulation on the Mergerconversation and, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary extent permitted by applicable Law, without giving the other Parties the opportunity to attend or participate (whether by telephone or in this Agreementperson) in any such meeting with such Governmental Authority.
(c) In connection with obtaining any approval or consent from any Person with respect to the Transactions, nothing in this Agreement none of the Mosaic Parties or the Subject Companies shall be deemed pay or commit to require Purchaser and the Company or any subsidiary or affiliate thereof to agree pay to any divestiture by itself Person whose approval or consent is being solicited any cash or other consideration (other than fees or expenses expressly set forth in the Contract governing the relationship requiring such approval or consent), make any accommodation or commitment or incur any liability or other obligation to such Person without the prior written consent of its affiliates of shares of capital stock Parent (not to be unreasonably withheld, conditioned or of any business, assets or property, or the imposition of any material limitation on the ability of any of them delayed). The Parties shall cooperate to conduct their businesses or to own or exercise control of obtain such assets, properties and stockconsents.
Appears in 1 contract
Reasonable Efforts. Upon Subject to the express provisions of Section 6.2 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Sections 7, 8 and 9 to be satisfied, ; (ii) the obtaining of or making all necessary actions or nonactions, waivers, consents, approvals, orders and or authorizations from Governmental Authorityof, and the making of all necessary or registrations, declarations and filings (including registrations, declarations and or filings with any Governmental Authorities, if any), Authority and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding Action by any Governmental Authority, ; (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as parties, including, without limitation, in the case of the Company all applicable consents under the Company’s Contracts identified in Section 3.5(d) of the Disclosure Schedule, each such consent (each a result of, or in connection with“Required Consent” and collectively, the transactions contemplated by this Agreement, “Required Consents”); (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, Actions challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, ; and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreementhereby, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of any such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything in this Agreement to the contrary in this Agreementcontrary, nothing contained in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof to agree to any divestiture by itself Parent or any of its affiliates Subsidiaries to take, or agree to take, any Action of shares Divestiture (as defined below). For purposes of capital stock this Agreement, an “Action of Divestiture” shall mean (i) the sale, license or other disposition or holding separate (through the establishment of a trust or otherwise) of any business, assets or propertycategories of assets of Parent or any of its Subsidiaries or, following the Effective Time, any assets or categories of assets of the Surviving Corporation or any of its Subsidiaries, (ii) the imposition of any material limitation or regulation on the ability of Parent to operate, directly or indirectly, its business, the business of its Subsidiaries or, following the Effective Time, the business of the Surviving Corporation or any of them to conduct their businesses its Subsidiaries or to own (iii) the imposition of any limitation or exercise control regulation on Parent’s ownership or control, direct or indirect, of such assetsits Subsidiaries or, properties and stockfollowing the Effective Time, the Surviving Corporation or any of its Subsidiaries.
Appears in 1 contract
Sources: Merger Agreement (Mykrolis Corp)
Reasonable Efforts. Upon Each member of the terms Nextel Group and subject each member of the SpectraSite Group shall (a) promptly make all filings and use all reasonable efforts to obtain all Authorizations required under all applicable Laws with respect to the conditions set forth transactions contemplated hereby and by the Ancillary Agreements and shall cooperate with each other in this Agreementall reasonable respects with respect thereto, each of the parties hereto shall (b) use its commercially all reasonable best efforts to promptly take, or cause to be taken, all actions, other actions and to do, or cause to be done, and to assist and cooperate with the all other parties hereto in doing, all things necessary, proper proper, or advisable appropriate to satisfy the conditions set forth in Section 5 and to consummate and make effective, in effective the most expeditious manner practicable, the Merger and the other transactions contemplated by this AgreementAgreement and by the Ancillary Agreements on the terms and conditions set forth herein and therein as soon as practicable (including seeking to remove promptly any injunction or other legal barrier that may prevent such consummation), provided, however, that no party shall be obligated to pay any sum or agree to any term in each case that is not customary in the circumstances or is otherwise materially adverse to the interests of such party in its reasonable discretion in seeking to obtain any consent required hereby, and (c) not take any action (including, without limitation, effecting or agreeing to effect or announcing an intention or proposal to effect, any acquisition, business combination, or other transaction) that would reasonably be expected to impair the ability of the parties to consummate the transactions contemplated by this Agreement at the earliest practicable time, including, without limitation, using reasonable any action that would impair efforts to accomplish the following: secure any required Authorizations for such transactions (i) the taking regardless of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to whether such action would otherwise be satisfied, (ii) the obtaining of all necessary actions permitted or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if anynot prohibited hereunder), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting Notwithstanding the foregoing, each of Purchaser and the Company Nextel and its respective Board of Directors shall, if Subsidiaries and Tower Aggregator and its Subsidiaries may take any state takeover statute action reasonably necessary or similar statute or regulation is or becomes applicable appropriate to the Merger, this Agreement or consummate any of the transactions contemplated by this AgreementAgreement or any of the Ancillary Agreements, use all commercially reasonable efforts and Nextel and its Subsidiaries and Tower Aggregator and its Subsidiaries may take any action reasonably required to ensure that comply with any applicable Law or to comply with or fulfill any contractual obligation of such party (in the Merger and case of such contractual obligations, to the other extent in existence as of the date hereof). Moreover, in connection with any filing or submission required or action to be taken by Nextel or Tower Aggregator or any of their Subsidiaries to obtain any Authorization or otherwise to effect the transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this AgreementAncillary Agreements, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof to agree to any divestiture by itself or neither Nextel nor any of its affiliates Subsidiaries nor Tower Aggregator nor any of shares its Subsidiaries will be required to divest or hold separate or otherwise take or commit to take any action that limits its freedom of capital stock action with respect to, or its ability to retain any material portion of any business, its assets or property, or existing (as of the imposition of any material limitation on the ability of any of them to conduct their date hereof) businesses or to own or exercise control of such assets, properties and stockproduct lines.
Appears in 1 contract
Reasonable Efforts. (1) Upon and subject to the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Offer, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using reasonable efforts to accomplish take the followingfollowing actions: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Offer Conditions to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation an action or proceeding by any Governmental AuthorityEntity including, but not limited to, all filings under the HSR Act which are required in connection with the transactions contemplated by this Agreement. Each party shall cooperate with the other party in connection with the other party's filings under the HSR Act including taking all reasonable actions to cause early termination of all applicable waiting periods, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iv) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser but subject to the terms and conditions hereof, the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Offer, the Merger, this Agreement or any of the other transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Offer, the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Offer, the Merger, this Agreement and the other transactions contemplated hereby. Notwithstanding anything by this Agreement.
(2) The Company shall give prompt notice to Parent, and Parent shall give prompt notice to the contrary in this AgreementCompany, nothing of (i) any representation or warranty made by it contained in this Agreement shall be deemed that is qualified as to require Purchaser and the Company materiality becoming untrue or inaccurate in any respect or any subsidiary such representation or affiliate thereof warranty that is not so qualified becoming untrue or inaccurate in any material respect or (ii) the failure by it to agree comply with or satisfy in any material respect any covenant, condition or agreement to any divestiture be complied with or satisfied by itself it under this Agreement; provided, however, that no such notification shall affect the representations, warranties, covenants or any agreements of its affiliates of shares of capital stock or of any business, assets or property, the parties or the imposition conditions to the obligations 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 stockparties under this Agreement.
Appears in 1 contract
Sources: Merger Agreement (Circon Corp)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of Parent and Merger Sub, on the parties hereto shall one hand, and the Company, the Representative and the Securityholders, on the other hand, agree to use its their respective commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using commercially reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactionsactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Authorities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be Persons required or desirable as a result of, or in connection with, of the transactions contemplated by in this Agreement, including without limitation the consents referred to in the Company Disclosure Schedule, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, Actions challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order Order entered by any court or other Governmental Entity Authority vacated or reversed, reversed and (v) the execution or delivery of any additional certificates, instruments and other documents reasonably necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable Notwithstanding anything herein to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreementcontrary, nothing in this Agreement shall be deemed to require Purchaser and Parent or the Company or any subsidiary or affiliate thereof to (A) agree to any divestiture by itself or any of its affiliates 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 business or to own or exercise control of such assets, properties and stock, (B) commence any Action against any Person in order to facilitate the consummation of the transactions contemplated hereby or (C) to defend against any Action brought by and Governmental Authority seeking to prevent the consummation of, or impose limitations on, any of the transactions contemplated by this Agreement. Confidential Portions of this Exhibit marked as [***] have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission.
Appears in 1 contract
Reasonable Efforts. Upon (a) Subject to the terms and subject to the conditions set forth in of this Agreement, each party shall use, and shall cause each of the parties hereto shall use its respective Subsidiaries to use, all commercially reasonable best efforts (i) to take, or to cause to be taken, all actionsappropriate action, and to do, or to cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under applicable Law or otherwise to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, effective the transactions contemplated by this Agreement, (ii) to obtain from any Governmental Authorities any Licenses, Permits or Orders required to be obtained by such party or any of its Subsidiaries in connection with the authorization, execution and delivery of this Agreement and the performance of its obligations hereunder, (iii) to make all necessary filings and thereafter to make promptly any other required submissions, with respect to this Agreement required under any other applicable Law, Regulation or Order and (iv) to provide all necessary information for the defending Registration Statement; provided, that Gaiam and Real Goods shall cooperate with each other in connection with the making of all such filings and in supplying any information requested supplementally or by second request from any Governmental Authority.
(b) The parties agree to cooperate and to cause their respective Subsidiaries to cooperate with respect to, and agree to use all commercially reasonable efforts vigorously to contest and resist and to have vacated, lifted, reversed or overturned, any action, including legislative, administrative or judicial action, including any Order (whether temporary, preliminary or permanent) of any suitsGovernmental Authority, claimsthat is in effect and that restricts, actions, investigations prevents or proceedings, whether judicial or administrative, challenging this Agreement or prohibits the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement. Each of the parties also agrees to take any and all commercially reasonable actions that may be required by any Governmental Authority as a condition to the granting of any Permit or Order required in order to permit the consummation of the transactions contemplated by this Agreement or as may be required to vacate, use lift, reverse or overturn any administrative or judicial action that would otherwise cause any condition to the Effective Time not to be satisfied; provided, however, that in no event shall either party be required to take any action that could reasonably be expected to have a Real Goods Material Adverse Effect or a Gaiam Material Adverse Effect or to result in a breach of this Agreement.
(c) Each of the parties shall use, and shall cause its Subsidiaries to use, all commercially reasonable efforts to ensure obtain from all Persons (other than Governmental Authorities) all consents that are (i) necessary, proper or advisable or (ii) otherwise required under any contracts, licenses, leases, easements or other agreements to which such party or any of its Subsidiaries is a party or by which it is bound, in order to permit such party to perform its obligations hereunder.
(d) If any party shall fail to obtain any third party consent described in Section 6.4(c), such party shall use all commercially reasonable efforts, and shall take any such actions reasonably requested by the other parties, to limit the adverse effect upon Gaiam and its Subsidiaries, and Real Goods and its Subsidiaries, and each of their respective businesses resulting, or which could reasonably be expected to result after the Effective Time, from the failure to obtain such consent.
(e) Upon learning thereof, each party shall promptly notify the other parties of (i) any complaints, investigations or hearings (or communications indicating that the Merger and same may be contemplated) from or by any Governmental Authorities with respect to the other transactions contemplated by this Agreement may be consummated as promptly as practicable on or (ii) the terms institution or the threat of litigation involving this Agreement or the transactions contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 1 contract
Reasonable Efforts. Upon the terms and subject to the conditions set forth in of this Agreement, unless, to the extent permitted by the proviso to Section 6.7(a), the Board of Directors of the Company approves or recommends a superior proposal (as defined in Section 6.7(a)), each of the parties hereto shall will use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective, in the most expeditious manner practicable, the Merger Offer and the other transactions contemplated by this AgreementMerger, including, without limitation, using reasonable efforts to accomplish the following: including (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactionsnon-actions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), Entities) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by any Governmental AuthorityEntity (including those in connection with any governmental antitrust review, the FERC Approvals and the Local Approvals), (iiiii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result ofparties, or in connection with(iii) the obtaining of the approval of the Enron Master Termination Agreement, the transactions contemplated Enron Settlement Agreement and the Enron Tender Agreement by this Agreementthe Bankruptcy Court pursuant to a motion in the form attached hereto as Exhibit 6.2 with only such changes as Purchaser and Parent may approve in writing, such approval not to be unreasonably withheld or delayed (the "Motion"), (iv) the defending of any suitsclaims, claimsinvestigations, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated herebyOffer and the Merger, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, reversed and (v) the execution or and delivery of any additional certificates, instruments and other documents (including any required supplemental indentures) necessary to consummate the transactions contemplated byOffer and the Merger. Subject to applicable laws and the terms of any relevant agreements with third parties relating to the exchange of information, Parent and the Company shall have the right to review in advance, and to fully carry out the purposes ofextent practicable each will promptly consult the other on, this Agreement. In any filing made with, or written materials submitted to, any third party and/or any Governmental Entity in connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts except that, in the case of Parent, only to ensure that the Merger extent such communications or notices would have a material effect on Parent's ability to timely consummate the Offer or the Merger. The Company and Parent shall keep the other transactions contemplated by this Agreement may be consummated as promptly as practicable on apprised of the terms contemplated by this Agreement and otherwise status of matters relating to minimize the effect completion of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything , including promptly furnishing the other with copies of notices or other communications sent to or received by Parent or the Company and its Subsidiaries, as the case may be, from any third party and/or any Governmental Entity with respect to the contrary transactions contemplated hereby, except that, in this Agreementthe case of Parent, nothing in this Agreement shall be deemed only to require Purchaser and the Company extent such communications or any subsidiary or affiliate thereof notices would have a material effect on Parent's ability to agree to any divestiture by itself or any of its affiliates of shares of capital stock or of any business, assets or property, timely consummate the Offer or the imposition Merger. Each party shall afford the other party with advance notice of, and a meaningful opportunity to participate in, any such communications to or from Governmental Entities, except that, in the case of Parent, only to the extent such communications or notices would have a material effect on Parent's ability to consummate the Offer or the Merger, including, without limitation, a right to attend, with advisors present, any material limitation on the ability of any of them to conduct their businesses meetings (telephonic or to own or exercise control of in person) with such assets, properties and stockGovernmental Entities.
Appears in 1 contract
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger Sale and the other transactions contemplated by this Agreement, including, without limitation, including using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement to Closing to be satisfied, satisfied as promptly as practicable; (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, filings; (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, parties; (iv) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated herebyby this Agreement, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, ; and (v) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. .
(b) In connection with and without limiting the foregoing, each of Purchaser Seller and the Company and their respective Boards of Directors and Purchaser and its respective Board of Directors shall, if any shall (i) take all action necessary to ensure that no state takeover statute or similar statute or regulation is or becomes applicable to the MergerSale, this Agreement or any of other transactions contemplated by this Agreement and (ii) if any state takeover statute or similar statute or regulation becomes applicable to the transactions Sale, this Agreement or any other transaction contemplated by this Agreement, use take all commercially reasonable efforts action necessary to ensure that the Merger Sale and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement Sale and the other transactions contemplated hereby. Notwithstanding anything to the contrary in by this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 1 contract
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall (other than Company Securityholders that are not providing services to the Company) agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper proper, or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this AgreementTransactions, including, without limitation, including using all reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement Section 7 to be satisfied, (ii) the obtaining of obtain all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties, including all applicable consents under the Contracts (provided, that the parties which may be required or desirable as a result ofwill discuss in good faith procedures to pursue third party consents with respect to the Merger, it being understood that the Company shall not make, or offer to make, any payment or other commitment in connection with, with obtaining any such consent without the transactions contemplated by this Agreement, (iv) the defending prior written consent of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversedParent), and (viii) the execution execute or delivery of deliver any additional certificates, instruments and other documents necessary to consummate the transactions contemplated byTransactions, and to fully carry out the purposes of, this Agreement. For the avoidance of doubt, Parent shall control and lead all negotiations and strategy on behalf of the parties relating to any Governmental Authority approvals. In connection with with, and without limiting the foregoing, each of Purchaser the Company and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement Agreement, or any of the transactions contemplated by this AgreementTransactions, use all commercially reasonable efforts to ensure that the Merger and the such other transactions contemplated by this Agreement Transactions may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of any such statute or regulation Legal Requirement on the Merger, this Agreement Agreement, and the transactions contemplated herebysuch Transactions. Notwithstanding anything in this Agreement to the contrary in this Agreementcontrary, nothing contained in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof to agree to any divestiture by itself Parent or any of its affiliates Affiliates to supply any additional information and documentary material that may be requested pursuant to any antitrust or competition Law, defend any Actions challenging this Agreement or the consummation of shares of capital stock or of any business, assets or propertythe Transactions, or the imposition propose, take, or agree to take, any Action 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 stockDivestiture.
Appears in 1 contract
Sources: Agreement and Plan of Merger (Serve Robotics Inc. /DE/)
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall will use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, including without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), Entities) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by by, any Governmental AuthorityEntity, (iiiii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (iviii) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order adverse Order entered by any court or other Governmental Entity vacated or reversed, and (viv) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. Nothing set forth in this Section 6.03(a) will limit or affect actions permitted to be taken pursuant to Section 5.02 or 5.03.
(b) In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shallParent will, if any and Parent will cause Sub to, (i) take all action necessary to ensure that no state takeover statute or similar statute or regulation is or becomes applicable to the MergerOffer, this Agreement the Merger or any of the other transactions contemplated by this Agreementhereby, use and (ii) if any state takeover statute or similar statute or regulation becomes applicable thereto, take all commercially reasonable efforts action necessary to ensure that the Offer and the Merger and the such other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement hereby and otherwise to minimize the effect of such statute or regulation on the Mergerthereon.
(c) Notwithstanding any other provision hereof, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall no event will Parent be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof required to agree to any divestiture by itself divestiture, hold-separate or other requirement in connection with this Agreement 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 stocktransactions contemplated thereby.
Appears in 1 contract
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall agrees to use its commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using commercially reasonable efforts to accomplish the following: (i) the taking of all reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactionsactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, of the transactions contemplated by in this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, reversed and (v) the execution or delivery of any additional certificates, instruments and other documents reasonably necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each Noble and its board of Purchaser directors and the Company and its respective Board board of Directors directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all its commercially reasonable efforts to ensure that enable the Merger and the other transactions contemplated by this Agreement may to be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated herebyAgreement. Notwithstanding anything herein to the contrary in this Agreementcontrary, nothing in this Agreement shall be deemed to require Purchaser and Noble or the Company or any subsidiary or affiliate thereof 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 business or to own or exercise control of such assets, properties and stock.
Appears in 1 contract
Sources: Merger Agreement (Noble Medical Technologies, Inc.)
Reasonable Efforts. Upon the terms and subject to the conditions set forth in this Amended and Restated Merger Agreement, each of the parties hereto shall agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Amended and Restated Merger Agreement, including, without limitation, using reasonable efforts to accomplish the following: including (ia) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactionsnon-actions, waivers, consents, approvals, orders consents and authorizations approvals from Governmental Authority, Entities and the making of all necessary registrations, declarations registrations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid any suit, claim, action, investigation an action or proceeding by any Governmental AuthorityEntity, including but not limited to any filing under the Improvements Act and any required approvals of the insurance regulatory authorities in the State of North Carolina and the State of Indiana, (iiib) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreementparties, (ivc) the defending of any suits, claims, actions, investigations lawsuits or other legal proceedings, whether judicial or administrative, challenging this Amended and Restated Merger Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, (d) providing such other information and communications to such Governmental Entities as the other party or such Governmental Entities may reasonably request, (e) cooperate with the other party in obtaining, as promptly as practicable, all actions of Governmental Entities referred to above and (vd) the execution or and delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Amended and Restated Merger Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this AgreementSECTION 8.4, nothing in this Agreement Savers shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof to agree not commit 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 stocktransaction without SMC's prior consent.
Appears in 1 contract
Sources: Agreement and Plan of Merger (Standard Management Corp)
Reasonable Efforts. Upon Subject to the express provisions of Section 5.2 and Section 5.3 hereof and upon the terms and subject to the conditions set forth in this Agreementherein, each of the parties hereto shall agrees to use its all commercially 42 reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without limitation, including using all commercially reasonable efforts to accomplish the following: (i) the taking of all commercially reasonable actions acts necessary to cause the conditions precedent set forth in this Agreement Article VI to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental AuthoritiesEntities, if any), ) and the taking of all commercially reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental AuthorityEntity, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result ofparties, or in connection with, the transactions contemplated by this Agreementincluding all Necessary Consents, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated hereby, including, without limitation, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation Legal Requirement is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation Legal Requirement on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Speechworks International Inc)
Reasonable Efforts. Upon the terms and subject to the conditions (a) Except as otherwise set forth in this Agreement, each of prior to the parties hereto Closing, Parent, Merger Sub and the Company shall use its their respective commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties hereto in doing, all things reasonably necessary, proper or advisable under any applicable Laws or this Agreement to consummate and make effective, in effective the most expeditious manner practicable, Transactions as promptly as reasonably practicable following the Merger and the other transactions contemplated by execution of this Agreement, including, without limitation, using reasonable efforts to accomplish the following: including (i) the preparation and filing of all forms, registrations and notices required to be filed to consummate the Transactions, (ii) the satisfaction of the other parties’ conditions to consummating the Transactions, (iii) taking of all reasonable actions necessary to cause the conditions precedent set forth obtain (and to cooperate with each other in this Agreement to be satisfiedobtaining) any consent, authorization, Order or approval of, or any exemption by, any third party, including any Governmental Entity (ii) the obtaining of which actions shall include furnishing and filing all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authoritiesinformation required, if any), under the HSR Act and in connection with approvals of or filings with any other Governmental Entity) required to be obtained or made by Parent, Merger Sub, the Company or any of their respective Subsidiaries in connection with the Transactions or the taking of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation action contemplated by the Transactions or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending execution and delivery of any suitsadditional instruments necessary to consummate the Transactions and to fully carry out the purposes of this Agreement. Additionally, claimseach of Parent and the Company shall use all commercially reasonable efforts to fulfill all conditions precedent to the Merger and shall not take any action after the date of this Agreement that reasonably would be expected to materially delay the obtaining of, actionsor result in not obtaining, investigations any permission, approval or proceedingsconsent from any Governmental Entity necessary to be obtained prior to Closing.
(b) Prior to the Closing, whether judicial each party hereto shall promptly consult with the other parties to this Agreement with respect to, provide any necessary information with respect to and provide the other parties hereto (or administrativetheir counsel) copies of, challenging all filings made by such party with any Governmental Entity or any other information supplied by such party to a Governmental Entity in connection with this Agreement and the Transactions. Each party to this Agreement shall promptly inform the other parties to this Agreement of any communication from any Governmental Entity regarding any of the Transactions. If any party to this Agreement or any Affiliate of any such party receives a request for additional information or documentary material from any Governmental Entity with respect to the Transactions, then such party will endeavor in good faith to make, or cause to be made, as soon as reasonably practicable and after consultation with the other parties to this Agreement, an appropriate response in compliance with such request. To the extent that transfers of any permits issued by any Governmental Entity are required as a result of the execution of this Agreement or the consummation of the transactions contemplated herebyTransactions, includingthe Company, without limitationParent and Merger Sub shall use their respective commercially reasonable efforts to effect such transfers.
(c) The Company and Parent shall take all reasonable actions necessary to file, seeking as promptly as practicable, but in any event no later than twenty (20) Business Days after the date of this Agreement, any required notifications under the HSR Act or foreign equivalent and to have respond, as promptly as practicable, to any stay inquiries received from the Federal Trade Commission and the Antitrust Division of the DOJ for additional information or temporary restraining order entered by documentation and to respond, as promptly as practicable, to all inquiries and requests received from any court state Attorney General or other Governmental Entity vacated or reversed, and (v) the execution or delivery of any additional certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement. In in connection with and without limiting antitrust matters.
(d) For the foregoingavoidance of doubt, each of Purchaser and the Company and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially a party’s reasonable efforts shall not be deemed or interpreted to ensure that include: (i) proposing, negotiating, committing to or effecting, by consent decree, hold separate order, or otherwise, the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect sale, divestiture, license or disposition of businesses, product lines or assets of such statute or regulation on the Merger, this Agreement and the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof to agree to any divestiture by itself party or any of its affiliates Subsidiaries or other Affiliates or (ii) in the case of shares Parent or Merger Sub, the taking of capital stock (or committing to take) actions that would be expected to limit Parent’s or any of any business, assets its Subsidiaries’ or propertyAffiliates’ freedom of action with respect to, or the imposition of any material limitation on the ability of its or any of them their ability to conduct retain, one or more of the businesses, product lines or assets of the Company, Parent or any of their businesses respective Subsidiaries or to own or exercise control of such assets, properties and stockother Affiliates.
Appears in 1 contract
Reasonable Efforts. (a) Upon the terms and subject to the conditions set forth in of this Agreement, each of the parties hereto shall to this Agreement agrees to use its commercially all reasonable best efforts to take, or cause to be taken, all actionsaction, and to do, do or cause to be done, and to assist and cooperate with the other parties hereto in doing, done all things necessary, proper proper, or advisable under applicable laws and regulations to consummate and make effectiveeffective the transactions contemplated by this Agreement, and shall use all reasonable efforts to obtain as soon as practicable, and, in any event prior to the most expeditious manner practicableClosing Date, all Consents, authorizations, order and approvals required in connection with, and waivers of violations, breaches and defaults that may be caused by, the consummation of the Merger and the other transactions contemplated by this Agreement, and to make all declarations, filings and registrations, required to be obtained or made by it pursuant to any law (including, without limitation, using reasonable efforts to accomplish the following: (i) the taking of all reasonable actions necessary to cause the conditions precedent set forth in this Agreement to be satisfied, (ii) the obtaining of all necessary actions or nonactions, waivers, consents, approvals, orders and authorizations from Governmental Authority, 1933 Act and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings with Governmental Authorities, if anyExchange Act), and the taking of all reasonable steps as may be necessary regulation, order agreement or instrument prior to avoid any suit, claim, action, investigation or proceeding by any Governmental Authority, (iii) the obtaining of all necessary consents, approvals or waivers from third parties which may be required or desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv) the defending of any suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of consummating the transactions contemplated hereby, includingwhether any such consent, without limitationwaiver, seeking authorization or approval, or such declaration, filing or registration, is to have be obtained from or made with private parties or governmental or regulatory authorities. As used in this Agreement, "reasonable efforts" shall not include any stay or temporary restraining order entered by any court or other Governmental Entity vacated or reversed, and (v) obligation on the execution or delivery part of any party to agree to any material adverse modification of the terms of any document or contractual arrangement or to prepay or incur additional certificates, instruments and other documents material obligations to any person that would be effective prior to the Effective Time. In case at any time after the Effective Time any further action is necessary or desirable to consummate the transactions contemplated by, and to fully carry out the purposes of, of this Agreement. In connection with , the proper officers and without limiting the foregoing, directors of each of Purchaser and the Company and its respective Board of Directors shall, if any party to this Agreement shall (i) take all reasonable action necessary to ensure that no state takeover statute or similar statute or regulation is or becomes so applicable to the Merger, this Agreement or any of the other transactions contemplated by this Agreement, use all commercially reasonable efforts and (ii) if any state takeover statute or similar statute or regulation becomes so applicable to ensure that the Merger and Merger, this Agreement or any of the other transactions contemplated by this Agreement Agreement, may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger, this Agreement Merger and the other transactions contemplated hereby. Notwithstanding anything by this Agreement.
(b) Subject to the contrary terms and conditions provided herein, Encore agrees to use all reasonable efforts to obtain promptly those Required Consents required in connection with the Merger as set forth in the Encore Disclosure Schedule; provided, however, that this Agreement, nothing in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof 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.Section 6.03
Appears in 1 contract