Common use of Commitment to Sell Clause in Contracts

Commitment to Sell. Each of the Sellers hereby agrees that ------------------ at the Closing, and upon all of the terms and subject to all of the conditions of this Agreement, it shall sell, transfer, assign, convey and deliver to Buyer, by assignment, stock power or other appropriate instrument, free and clear of all liens, encumbrances, charges, claims, restrictions, pledges or security interests (other than those arising under the Securities Act or any state's securities laws or pursuant to this Agreement), all of the then-outstanding Stock and Warrants owned by it or him.

Commitment to Sell. Each of the Sellers hereby hereby, severally and not jointly, agrees that ------------------ at the Closing, and upon all of the terms and subject to all of the conditions of this Agreement, it shall sell, transfer, assign, convey and deliver to Buyerthe Purchaser, by assignment, stock power or other appropriate instrument, free and clear of all liens, encumbrances, charges, claims, restrictions, pledges or security interests (other than those arising under the Securities Act or any state's securities laws or pursuant to this Agreement)encumbrances, all of the then-outstanding Common Stock and Warrants owned by it or himsuch Seller.