Best Efforts definition

Best Efforts the efforts that a prudent Person desirous of achieving a result would use in similar circumstances to ensure that such result is achieved as expeditiously as possible.
Best Efforts the efforts that a prudent Person desirous of achieving a result would use in similar circumstances to ensure that such result is achieved as expeditiously as possible; provided, however, that an obligation to use Best Efforts under this Agreement does not require the Person subject to that obligation to take actions that would result in a materially adverse change in the benefits to such Person of this Agreement and the Contemplated Transactions.
Best Efforts means the efforts a prudent Person desiring in good faith to achieve a result would use in the circumstances to ensure such result is achieved as expeditiously as possible but does not require the Person subject to such obligation to take actions that would result in any materially adverse change, or any financial change which in the aggregate, or over a period of time, would result in any materially adverse change, in the benefits to such Person under this Agreement or require such Person to expend funds or extend other economic incentives, unless otherwise expressly required under this Agreement.

Examples of Best Efforts in a sentence

  • Solvency 52 ARTICLE 6 COVENANTS 53 Section 6.1. Conduct of the Company 53 Section 6.2. No Solicitation 56 Section 6.3. Filings; Further Actions; Reasonable Best Efforts 58 Section 6.4. Access; Confidentiality 60 Section 6.5. Interim Operations of Merger Sub 61 Section 6.6. Publicity 61 Section 6.7. Other Employee Benefits 61 Section 6.8. Compensation Arrangements 63 Section 6.9. Director and Officer Indemnification, Exculpation and Insurance 63 Section 6.10.

  • Acknowledgement of Disclaimer of Other Representations and Warranties 29 ARTICLE VII COVENANTS AND AGREEMENTS 30 7.1. Conduct of Business by the Company 30 7.2. No Solicitation; Change of Recommendation 35 7.3. Shareholders Meeting; Proxy Statement; Schedule 13E-3 39 7.4. Shareholder Litigation 42 7.5. Reasonable Best Efforts 42 7.6. Access and Reports 46 7.7. Stock Exchange De-listing 47 7.8. Publicity 47 7.9. Employee Matters 47 7.10.


More Definitions of Best Efforts

Best Efforts. Efforts determined to be reasonably diligent by the Owner or Servicer, as the case may be, in its sole discretion. Such efforts do not require the Owner or Servicer, as the case may be, to enter into any litigation, arbitration or other legal or quasi-legal proceeding, nor do they require the Owner or Servicer, as the case may be, to advance or expend fees or sums of money in addition to those specifically set forth in this Agreement.
Best Efforts means the efforts that a prudent Person desirous of achieving a result would use in similar circumstances to ensure that such result is achieved as expeditiously as possible.
Best Efforts means the efforts that a prudent Entity or person desiring to achieve a particular result would use in order to achieve such result reasonably expeditiously. An obligation to use “Best Efforts” does not require the Entity or person subject to such obligation to take actions that would result in a materially adverse change in the benefits to such Entity or person of this Agreement.
Best Efforts means the commercially reasonable efforts that a prudent Person desirous of achieving a result would use in good faith in similar circumstances to ensure that such result is achieved as expeditiously as can reasonably be expected.
Best Efforts means the efforts that a prudent person desirous of achieving a result would use in similar circumstances to ensure that such result is achieved as expeditiously as practical; provided, however, that an obligation to use Best Efforts under this Agreement does not require the Company to dispose of or make any change to its business, expend any material funds or incur any other material burden.
Best Efforts means the efforts that a prudent Person desirous of achieving a result would use in similar circumstances to ensure that such result is achieved as expeditiously as possible; provided, however, that an obligation to use Best Efforts under this Agreement does not require the Person subject to that obligation to take actions that would result in a materially adverse change in the benefits to such Person of this Agreement and the Contemplated Transactions.
Best Efforts means the efforts that a prudent Person desirous of achieving a result would use in similar circumstances to ensure that such result is achieved in the time period expressly contemplated or, in the absence of an expressly contemplated time period, in such time period as applicable, in accordance with historical practices and, to the extent there are no historical practices, within a commercially reasonable time period.