Common use of Preferential Rights and Consents Clause in Contracts

Preferential Rights and Consents. For the purposes of this Section, Seller shall mean Esenjay or Aspect and Buyer shall mean Frontier. (a) Pre-Closing. Seller shall use its reasonable best efforts to obtain all required consents and to give notices required in connection with preferential purchase rights prior to Closing. If a party discovers other affected properties during the course of its due diligence activities, that party shall notify Seller immediately and Seller shall use its reasonable best efforts to obtain such consents and to give the notices required in connection with the preferential rights prior to Closing.

Appears in 3 contracts

Sources: Acquisition Agreement (Johnson Michael E), Acquisition Agreement (Frontier Natural Gas Corp), Acquisition Agreement (Cranberg Alex)