Sale of the Membership Interest. Subject to the terms and ------------------------------- conditions set forth in this Agreement, at the Closing (as hereinafter defined) the Members hereby agree to sell, transfer, convey and deliver to Buyer the Membership Interest as set forth in Exhibit "A", free and clear of all encumbrances, and shall deliver to Buyer certificates representing the Membership Interest, duly endorsed to Buyer or accompanied by duly executed stock powers in form and substance satisfactory to Buyer.
Appears in 1 contract
Samples: Purchase Agreement (Ricks Cabaret International Inc)
Sale of the Membership Interest. Subject to the terms and ------------------------------- conditions set forth in this Agreement, at the Closing (as hereinafter defined) the Members Seller hereby agree agrees to sell, transfer, convey and deliver to Buyer 51% of the issued and outstanding Membership Interest as set forth in Exhibit "A"of the Company, free and clear of all encumbrances, and shall deliver to Buyer certificates representing the Membership Interest, duly endorsed to Buyer or accompanied by duly executed stock powers in form and substance satisfactory to Buyer.
Appears in 1 contract
Samples: Purchase Agreement (Ricks Cabaret International Inc)
Sale of the Membership Interest. Subject to the terms and ------------------------------- conditions set forth in this Agreement, at the Closing (as hereinafter defined) the Members Member hereby agree agrees to sell, transfer, convey and deliver to Buyer 100% of the issued and outstanding Membership Interest as set forth in Exhibit "A"of the Company, free and clear of all encumbrances, and shall deliver to Buyer certificates representing the Membership Interest, duly endorsed to Buyer or accompanied by duly executed stock powers in form and substance satisfactory to Buyer.
Appears in 1 contract
Samples: Purchase Agreement (Ricks Cabaret International Inc)
Sale of the Membership Interest. Subject to the terms and ------------------------------- conditions set forth in this Agreement, at the Closing (as hereinafter defined) the Members Seller hereby agree agrees to sell, transfer, convey and deliver to Buyer 49% of the issued and outstanding Membership Interest as set forth in Exhibit "A"of the Company, free and clear of all encumbrances, and shall deliver to Buyer certificates representing the Membership Interest, duly endorsed to Buyer or accompanied by duly executed stock powers in form and substance satisfactory to Buyer.
Appears in 1 contract
Samples: Purchase Agreement (Ricks Cabaret International Inc)