Purchased Interests definition
Examples of Purchased Interests in a sentence
Seller has good and valid title to the Purchased Interests and has the full right, power and authority to sell, assign, transfer, convey and deliver the Purchased Interests to Buyer as contemplated by this Agreement.
The Milestone Payment Amount shall constitute a component of the aggregate consideration for the Purchased Interests for all purposes of this Agreement and shall not be contingent upon any condition, milestone or future event, or subject to any set-off or offset, and shall represent a firm and unconditional obligation of each of the Buyer Parties.
The aggregate consideration payable by the Buyer Parties at the Closing for the purchase of the Purchased Interests shall be an amount equal to the Closing Consideration, payable and subject to adjustment as specified elsewhere herein.
Upon the Closing, Buyer will acquire good and valid title to the Purchased Interests, free and clear of all Liens other than restrictions on transfer under applicable securities Laws.
Upon the terms and subject to the conditions set forth herein, at the Closing, Seller shall sell, assign, transfer, convey and deliver to Buyer, and Buyer shall purchase and acquire from Seller, the Purchased Interests, free and clear of all Liens other than any restrictions on sales of securities under applicable securities Laws.