Common use of Obligations of Each of the Parties Clause in Contracts

Obligations of Each of the Parties. From and after the date of the Initial Agreement and until and including the Effective Date, the following shall apply with equal force to the Company, on the one hand, and Parent and Acquisition Corp, on the other hand: 4.1.1 Each party shall promptly give the other parties written notice of the existence or occurrence of any event or condition which would make any representation or warranty herein contained of any party untrue or which might reasonably be expected to prevent the consummation of the transactions contemplated hereby. 4.1.2 No party shall intentionally perform any act which, if performed, or omit to perform any act which, if omitted to be performed, would prevent or excuse the performance of this Agreement by any party or which would result in any representation or warranty herein of that party being untrue in any material respect at any time after the date of the Initial Agreement through and including the Closing Date as if originally made at such time. 4.1.3 Subject to the terms and conditions of this Agreement, each of the parties agrees to use its best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or advisable to consummate and make effective the Merger and the other transactions contemplated by this Agreement as expeditiously as reasonably practicable.

Appears in 1 contract

Sources: Agreement and Plan of Merger (Besicorp LTD)

Obligations of Each of the Parties. From and after the date of the Initial Agreement hereof and until and including the Effective Date, the following shall apply with equal force to the Company, on the one hand, and Parent and Acquisition Corp, on the other hand: 4.1.1 Each party shall promptly give the other parties written notice of the existence or occurrence of any event or condition which would make any representation or warranty herein contained of any party untrue or which might reasonably be expected to prevent the consummation of the transactions contemplated hereby. 4.1.2 No party shall intentionally perform any act which, if performed, or omit to perform any act which, if omitted to be performed, would prevent or excuse the performance of this Agreement by any party or which would result in any representation or warranty herein of that party being untrue in any material respect at any time after the date of the Initial Agreement hereof through and including the Closing Date as if originally made at such time. 4.1.3 Subject to the terms and conditions of this Agreement, each of the parties agrees to use its best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or advisable to consummate and make effective the Merger and the other transactions contemplated by this Agreement as expeditiously as reasonably practicable.

Appears in 1 contract

Sources: Merger Agreement (Besicorp LTD)