Interest Assignment Sample Clauses
Interest Assignment. An instrument of transfer in respect of the Interest in form mutually acceptable to Buyer and Seller, executed by Seller.
Interest Assignment. IPT Holdco shall have delivered to Parent, its Affiliate or their "qualified intermediary" or "exchange accommodation titleholder" an Interest Assignment with respect to each Asset Sale Holdco (it being understood and agreed that such Interest Assignment shall provide that (x) such sale is on an "as is, where is" basis without any representation or warranty by IPT Holdco and (y) Parent and its Affiliates shall have no recourse against, and shall fully release, Company and its Affiliates).
Interest Assignment. 1.1 In connection with the Investment, the Company hereby agrees to assign the Investor the right to receive, pro rata, a one-half percent (0.5%) of the net profit generated from the Product in perpetuity from the Effective Date (the “Interest”). If the Investor exercises the option to fund the Optional Investment, then the Company shall assign the Investor an additional right to receive, pro rata, one percent (1%) of the net profit generated from the Product in perpetuity from the date the Optional Investment is delivered to the Company (the “Additional Interest”). “Net profit” shall be defined as the pre-tax profits generated from the Product after the deduction of all expenses incurred by and payments made by the Company in connection with the Product, including but not limited to an allocation of Company overhead based on the proportionate time, expenses and resources devoted by Company to Product-related activities, which allocation shall be determined in good faith by the Company (the “Net Profit”).
Interest Assignment. Each Entity Selling Group member or partner will convey the applicable Facility Owner Interests to Purchaser pursuant to an assignment of Facility Owner Interests in the form attached to this Agreement as Exhibit 8 (each, an “Interest Assignment”, and together with each of the Deeds, the Bills of Sale, the Existing Lease Termination Documents, and the Assignments of Rights are referred to collectively as the “Conveyance Documents”). At Seller’s sole election exercisable by delivery of written notice to Purchaser not less than ten (10) days prior to the Closing Date, Seller may convert any Facility Owner to a Property Seller, and in such event Purchaser shall not acquire the Facility Owner Interests for such Facility Owner. In the event Seller is unable to obtain any required consent to transfer to Purchaser any Facility Owner Interests with respect to any Facility Owner and its Facility, the applicable Facility Owner shall sell, convey and transfer (and Seller shall cause such Facility Owner to sell, convey and transfer) to Purchaser, at Closing, such Facility.
Interest Assignment. 1.1 The Company hereby agrees to assign the Investor the right to receive, pro rata, six percent (6%) of the net profit generated from the Product in perpetuity from the Effective Date (the “Interest”). “Net profit” shall be defined as the pre-tax profits generated from the Product after the deduction of all expenses incurred by and payments made by the Company in connection with the Product, including but not limited to an allocation of Company overhead based on the proportionate time, expenses and resources devoted by Company to Product-related activities, which allocation shall be determined in good faith by the Company (the “Net Profit”).
Interest Assignment. The Interest Assignment and Assumption Agreement, duly executed by Buyer.
Interest Assignment. 1.1 In exchange for the Services provided by the third party consultants, the Consultant shall receive the right to receive, pro rata, five percent (5%) of the Net Profit generated from the Product in perpetuity from the Effective Date (the “Interest”). “Net Profit” shall be defined as any pre-tax revenue received by the Company that was derived from the sale of the Product less any and all expenses incurred by and payments made by the Company in connection with the Product, including but not limited to an allocation of Company overhead based on the proportionate time, expenses and resources devoted by the Company to Product-related activities, which allocation shall be determined in good faith by the Company.
Interest Assignment. An Assignment and Assumption Agreement, in the form attached hereto as Exhibit B, transferring the Interests from Seller to Buyer (the “Interest Assignment and Assumption Agreement”), duly executed by Seller.