Common use of Third Party Consent Clause in Contracts

Third Party Consent. If the obligation of any party under this Agreement is dependent on the consent of a third party, such as a vendor or insurance company, and that consent is withheld, Abbott and Hospira shall use commercially reasonable efforts to implement the applicable provisions of this Agreement to the fullest extent practicable. If any provision of this Agreement cannot be implemented due to the failure of a third party to consent, Abbott and Hospira shall negotiate in good faith to implement the provision in a mutually satisfactory manner, taking into account the original purposes of the provision in light of the Distribution and communications to affected Transferred Employees.