Common use of Interim and Final Order Clause in Contracts

Interim and Final Order. Subject to the satisfaction of the terms and conditions contained in this Agreement, Chemesis covenants and agrees that it will, as soon as reasonably practicable, apply to the Court for the Interim Order, such application providing for, among other things, the calling and holding of the Meeting for the purpose of, among other matters, the Chemesis Shareholders considering and, if deemed advisable, approving the Arrangement Resolution, and that, if the approval by the Chemesis Shareholders of the Arrangement Resolution as set forth in the Interim Order is obtained by Chemesis, as soon as reasonably practicable thereafter Chemesis will take the necessary steps to submit the Arrangement to the Court and apply for the Final Order, requesting an order of the Court approving the transactions contemplated herein and the procedural and substantive fairness of the terms and conditions of the exchange, after notice and a hearing upon the fairness of such terms and conditions at which all Chemesis Securityholders have the right to appear.