Examples of Transferred Governmental Authorizations in a sentence
Seller shall use commercially reasonable efforts to assign to Purchaser all of Seller’s right, title, obligations and interest existing in and to the Transferred Governmental Authorizations on the Closing Date, and Purchaser shall assume such right, title, obligations and interest from Seller upon Seller’s assignment of the Transferred Governmental Authorizations.
The Company shall use commercially reasonable efforts to assign to Purchaser all of the Company’s right, title, obligations and interest existing in and to the Transferred Governmental Authorizations on the Closing Date, and Purchaser shall assume such right, title, obligations and interest from the Company upon the Company’s assignment of the Transferred Governmental Authorizations.
The Transferred Governmental Authorizations are the only Governmental Authorizations in the United States, Canada and the European Union that the Seller owns, holds, possesses or has the right to acquire from any Seller Predecessor.
To the Knowledge of the Seller, there are no Governmental Authorizations other than Transferred Governmental Authorizations relating to Aeroquin or that the Seller owns, holds, possesses or has the right to acquire from any Seller Predecessor.
The Seller is, and has at all times been, in compliance in all material respects with the terms and requirements of all of the Transferred Governmental Authorizations.
The Seller has Made Available to the Purchaser accurate and complete copies of the Transferred Governmental Authorizations.
The Transferred Governmental Authorizations are valid and in full force and effect.
Without limitation of the foregoing, [***] Purchaser shall apply for the applicable Governmental Authority’s approval of any known regulatory variation to the Transferred Governmental Authorizations for (i) the removal of the [***] and (ii) the removal of the [***].
There has not been any default in any material obligation of EASTSIDE or any other party to be performed under any of the EASTSIDE Material Contracts, each of which is in good standing and in full force and effect and unamended, and EASTSIDE is not aware of any default in the obligations of any other party to any of the EASTSIDE Material Contracts.
Without limiting the generality of the foregoing the Parties shall, and shall cause their respective Affiliates to, use commercially reasonable efforts to transfer the Transferred Governmental Authorizations to Licensor (or its designee) as soon as reasonably practicable following the Closing.