Acquired Interests definition
Examples of Acquired Interests in a sentence
As consideration for the Acquired Interests, the Company shall issue to each Contributor a number of shares of Common Stock (the “Acquisition Shares”) equal to (a) the Final Adjusted Purchase Price (as determined pursuant to this Article II), divided by (b) an agreed upon per share value of $20.00 (the “Acquisition Per Share Value”), multiplied by (c) such Contributor’s Pro Rata Portion.
As of the date hereof and as of the Closing Date, such Contributor is the record and beneficial owner of, and has good and transferable title to, the Acquired Interests to be sold by such Contributor, free and clear of all Liens (other than Permitted Liens).
Notwithstanding the foregoing, to the extent that any Transferred Asset is held by, or in the name of, an Acquired Subsidiary, the Conveyance of the Acquired Interests of such Acquired Subsidiary shall satisfy all obligations of the Sellers in respect of the Conveyance of such Transferred Asset and no separate Conveyance shall be required.
Such Contributor is not party to any shareholders agreement, voting agreement, voting trust, proxy, or other Contract relating to the transfer or voting of the Acquired Interests, other than CCCI’s Governing Documents.
Except pursuant to this Agreement, there is no Contract pursuant to which such Contributor has, directly or indirectly, granted any option, warrant, or other right to any Person to acquire any portion of the Acquired Interests.