Common use of The Closing Transactions Clause in Contracts

The Closing Transactions. Upon the terms, conditions, and limitations of this Agreement, and for the consideration stated herein, on the Closing Date (i) the Seller will sell, assign and transfer to the Purchaser, and the Purchaser will accept and acquire, all of the Seller’s respective rights, title and interest in the Renewal Rights and the Transferred Assets. All sales, assignments and transfers of the Transferred Assets to the Purchaser hereunder will be evidenced by the Xxxx of Sale and General Assignment Agreement which will be executed and delivered on the Closing Date by the Seller. The Transferred Assets shall not include, or otherwise be deemed to include, any other assets or properties of the Seller, other than those assets of the Seller relating to the Subject Business specifically identified on Exhibit C. On or before the Closing Date, in accordance with Article VII, the Purchaser shall extend offers of employment to all the employees of the Seller in the Employee Group.

Appears in 2 contracts

Samples: Renewal Rights and Asset Purchase Agreement (Amtrust Financial Services, Inc.), Renewal Rights and Asset Purchase Agreement (Amtrust Financial Services, Inc.)

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The Closing Transactions. Upon the terms, conditions, and limitations of this Agreement, and for the consideration stated herein, on the Closing Date (i) the Seller Parties will sell, assign and transfer to the Purchaser, and the Purchaser will accept and acquire, all of the Seller’s Seller Parties’ respective rights, title and interest in the Renewal Rights and the Transferred Assets. All sales, assignments and transfers of the Transferred Assets to the Purchaser hereunder will be evidenced by the Xxxx Bxxx of Sale and General Assignment Agreement which will be executed and delivered on the Closing Date by the SellerSeller Parties. The Transferred Assets shall not include, or otherwise be deemed to include, any other assets or properties of any of the SellerSeller Parties, other than those physical assets of the Seller relating to the Subject Business specifically Parties identified on Exhibit C. B. On or before the Closing Date, in accordance with Article VIIVIII, the Purchaser shall extend offers of employment to all the employees of the Seller Parties in the Employee Group.

Appears in 1 contract

Samples: Renewal Rights and Asset Purchase Agreement (Amtrust Financial Services, Inc.)

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