Common use of ITC Clause in Contracts

ITC. For the consideration hereinafter provided and subject to the terms and conditions of this Agreement, at Closing, ITC shall assign, transfer, convey and deliver to the Company, free and clear of all Liens, and the Company shall acquire from ITC (the "ITC Contribution"), all right, title and interest of ITC in and to 2,750,000 preferred units of HH LLC held by ITC (the "ITC LLC Units"). At Closing, ITC shall deliver to the Company certificates or other documents representing the ITC LLC Units contributed by ITC hereunder, together with accompanying instrument(s) of assignment, duly endorsed in blank for the transfer of the ITC LLC Units to the Company.

Appears in 2 contracts

Sources: Contribution Agreement (Headhunter Net Inc), Contribution Agreement (Headhunter Net Inc)