Common use of Taking Necessary Action Clause in Contracts

Taking Necessary Action. Each of the parties hereto agrees to use its commercially reasonable efforts to promptly take or cause to be taken all action and to promptly do or cause to be done all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective the transactions contemplated by this Agreement. In case at any time before or after the Closing any further action is necessary or desirable to carry out the purposes of this Agreement, the proper officers and directors of each party to this Agreement shall take all such necessary action as may be reasonably requested by, and at the sole expense of, the requesting party.

Taking Necessary Action. Each of the parties hereto agrees to use its commercially reasonable best efforts to promptly take or cause to be taken all action and to promptly do or cause to be done all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective the transactions contemplated by this Agreement. In case at any time before or after the Closing any Deferred Amount Shortfall Commitment is due, any further action is necessary or desirable to carry out the purposes of this Agreement, the proper authorized parties, officers and directors of each party to this Agreement shall take all such necessary action as may be reasonably requested by, and at by the sole expense of, the requesting other party.