Common use of Efforts to Obtain Third Party Consents Clause in Contracts

Efforts to Obtain Third Party Consents. In addition to Antitrust Regulatory Approvals, each of the Seller and the Purchaser shall (and shall each cause their respective Affiliates and representatives to) use its commercially reasonable efforts to obtain the third-party consents, authorizations, approvals, and waivers with respect to the transactions contemplated by this Agreement that may be required (i) from Governmental or Regulatory Authorities with respect to the Assigned Permits or otherwise, (ii) from lessors to any leased property that is a Purchased Asset, and (iii) from parties to the Assigned Contracts and the Easements (the “Third Party Consents”); provided, however, the Parties acknowledge and agree that only the Closing Consents are conditions to the Closing. Notwithstanding the foregoing in this Section 4.5, the Seller and its Affiliates shall not be required to guarantee or provide any credit support for the Purchaser’s or the Business’ obligations after Closing.

Appears in 1 contract

Sources: Asset Purchase Agreement (H2o America)

Efforts to Obtain Third Party Consents. In addition to Antitrust Regulatory Approvals, each Each of the Seller and the Purchaser shall (and shall each cause their respective Affiliates and representatives to) use its commercially reasonable efforts to obtain the third-party consents, authorizations, approvals, and waivers with respect to the transactions contemplated by this Agreement that may be required (i) from Governmental or Regulatory Authorities with respect to the Assigned Permits or otherwise, (ii) from lessors to any leased property that is a Purchased Asset, and (iii) from parties to the Assigned Contracts and the Easements (the “Third Party Consents”); provided, however, the Parties acknowledge and agree that only the Closing Consents are conditions to the Closing. Notwithstanding the foregoing in this Section 4.5, the Seller and its Affiliates shall not be required to guarantee or provide any credit support for the Purchaser’s or the Business’ obligations after Closing.

Appears in 1 contract

Sources: Asset Purchase Agreement (H2o America)