Common use of COVENANTS OF ALL OF THE PARTIES Clause in Contracts

COVENANTS OF ALL OF THE PARTIES. (a) Unless otherwise indicated: (i) Each of the parties hereto agrees to use commercially reasonable efforts to bring about the fulfillment of the conditions precedent to the Stage I Closing. (ii) Subject to the terms and conditions provided herein, each of the parties hereto agrees to (A) use commercially 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 law and regulation to consummate and make effective the Stage I Transactions in accordance with the terms of this Agreement, perform each of its obligations hereunder, including without limitation, the obligations of the parties set forth in Section 6 hereof, and (B) cooperate following the Stage I Closing in the taking of any actions necessary or desirable in order to effect the purposes of this Agreement with respect to the Stage I Transactions. (iii) Each party hereto shall promptly inform each of the other parties hereto of any circumstance or set of circumstances which could reasonably be expected to impair such party's ability to perform any of its obligations under this Agreement.