Common use of Actions Not Required Clause in Contracts

Actions Not Required. Notwithstanding anything to the contrary contained in this Agreement, in connection with or as a condition to receiving any Consent, neither Seller nor Buyer shall be required (A) to divest, abandon, license or take similar action with respect to any assets (tangible or intangible) of it or any of its respective Affiliates, or (B) to expend material sums of money or grant any material financial or other accommodations (other than as contemplated hereby).

Appears in 3 contracts

Sources: Purchase and Sale Agreement (Cap Rock Energy Corp), Purchase and Sale Agreement (Cap Rock Energy Corp), Purchase and Sale Agreement (Citizens Utilities Co)