No Further Interest. Contributor acknowledges and agrees that effective upon the Closing, and without any further action by Contributor, the Contributed Interests shall be transferred, assigned and conveyed to the Operating Partnership, or a subsidiary thereof, and Contributor shall no longer be an equity holder of any of the Contributed Entities, shall no longer be entitled to receive any distributions from any of the Contributed Entities, and shall have no further right, title or interest in any of the Contributed Interests, the Contributed Entities or the Property Entities.
No Further Interest. Contributor acknowledges and agrees that effective at the Closing Date, and without any further action by Contributor, the Contributed Interests shall be transferred, assigned and conveyed to the Operating Partnership, or a subsidiary thereof, and Contributor shall no longer be a holder of any equity interests in the Contributed Entities, shall no longer be entitled to receive any distributions from any of the Contributed Entities, and shall have no further right, title or interest in any of the Contributed Interests, the Contributed Entities or the Properties, other than indirectly through the ownership of any OP Units.
No Further Interest. The Seller acknowledges and agrees that effective upon the Closing, and without any further action by the Seller, the Interests shall be transferred, assigned and conveyed to the REIT and the Seller shall no longer be an equity holder of any Property Entity, shall no longer be entitled to receive any distributions from any Property Entity, and shall have no further right, title or interest in any of the Properties or the Property Entities.
No Further Interest. Developer acknowledges that after conveyance of the Developer Property to the Club, Developer shall have no claim or interest in the Developer Property, except as may be provided in this Assignment, and no further claim or interest in Vacation Credits sold by it after expiration of Developer's purchase money security interest therein.
No Further Interest. Effective on the Closing, Seller hereby confirms he has no further interest of any kind in the Purchaser, the Interest, the Stock or the Company.
No Further Interest. If the Purchaser exchanges a Note in its entirety pursuant to this Section 2.09, then such Note shall be deemed to be paid in full and no further interest shall accrue thereunder.
No Further Interest. Other than as specifically set forth above, the Franchisee shall have no interest in the Franchised Business upon termination or expiration of this Agreement.
No Further Interest. The IVI Shares constitute all of the Insiders’ ownership rights and interests in and to the Company. After the Closing Date, the Insiders will not (i) own or possess any securities of, or other right or interest in, the Company, or (ii) have any contractual or other right to acquire any securities of, or other right or interest in, the Company.
No Further Interest. The BT Shares constitute all of the Company’s ownership rights and interests in and to BT. After the Closing Date, the Company will not (i) own or possess any securities of, or other right or interest in, BT, or (ii) have any contractual or other right to acquire any securities of, or other right or interest in, BT.
No Further Interest. On and after the Closing Date (as defined herein) Xxxxxx shall cease to have any right, title or interest in or to the Patent Assets, except for (i) the rights set forth in this Agreement, and (ii) the right to use general knowledge gained while developing or using the Patent in connection with the development of other products and procedures so long as such use does not violate the terms of any agreement between LaserSight and Xxxxxx.
