Common use of Required Third Party Consents Clause in Contracts

Required Third Party Consents. All necessary consents, approvals or waivers from third parties to the Transactions shall have been obtained, except for those the failure of which to obtain, individually and in the aggregate, are not reasonably likely to have a CDnow Material Adverse Effect or a Columbia House Entities Material Adverse Effect, as the case may be; provided, however, that prior to asserting this condition, subject to Section 8.03, each of the parties shall have used commercially reasonable efforts to obtain such consent, approval or waiver.