Common use of Governmental Approvals and Third Party Consents Clause in Contracts

Governmental Approvals and Third Party Consents. To the extent that any of the Transactions require any Governmental Approval or other third-party Consent, including without limitation, the waiver of any applicable right of first offer or right of first refusal with respect to any Property and JV Interests or any of the Properties, which has not been obtained prior to the date of this Agreement, the Parties will use commercially reasonable efforts to obtain, or cause to be obtained, such Governmental Approval or Consent prior to the Effective Time.

Appears in 2 contracts

Sources: Separation and Distribution Agreement (Ashford Hospitality Trust Inc), Separation and Distribution Agreement (Ashford Hospitality Prime, Inc.)