ASSIGNMENT OF THE INTEREST. On the Closing Date, the Seller shall be the sole legal and beneficial owner of the Interest, free and clear of all claims, liens, mortgages, charges, security interests, encumbrances, liabilities or other restrictions and limitations of any kind and nature whatsoever. From and after the Closing, all Interest shall be owned by the Buyer.
Appears in 6 contracts
Samples: Profit Interest Agreement (Macau Resources Group LTD), Profit Interest Agreement (Macau Resources Group LTD), Profit Interest Agreement (Asia Entertainment & Resources Ltd.)