Common use of Basic Transaction Clause in Contracts

Basic Transaction. In accordance with the terms and upon the conditions of this Agreement, at the Closing, Sellers shall (a) sell to Buyer and transfer, assign, convey and deliver to Buyer all right, title and interest in and to all of the Target Securities, free and clear of all Liens, and (b) Buyer shall purchase, and shall accept delivery of and acquire from Sellers, all right, title and interest in and to all of the Target Securities, free and clear of all Liens.

Appears in 3 contracts

Samples: Membership Interest Purchase Agreement (Village Farms International, Inc.), Membership Interest Purchase Agreement (Village Farms International, Inc.), Membership Interest Purchase Agreement (Village Farms International, Inc.)

AutoNDA by SimpleDocs

Basic Transaction. In accordance with On the terms and upon subject to the conditions of set forth in this Agreement, at the Closing, Sellers Buyer shall (a) sell to Buyer purchase from Seller, and transferSeller shall sell, convey, assign, convey transfer and deliver to Buyer all rightBuyer, title and interest in and to all of the Target SecuritiesShares, free and clear of all Liens, and (b) Buyer shall purchase, and shall accept delivery of and acquire from Sellers, all right, title and interest in and to all of the Target Securities, free and clear of all LiensEncumbrances.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Physicians Formula Holdings, Inc.), Stock Purchase Agreement (Linc Net Inc)

Basic Transaction. In accordance with the terms and upon the conditions of this Agreement, at the ClosingClosing each Seller shall sell, Sellers shall (a) sell to Buyer and transfer, assign, convey and deliver to Buyer all right, title and interest in and to all of the Target Securities, free and clear of all LiensBuyer, and (b) Buyer shall purchase, acquire, and shall accept delivery of and acquire from Sellerseach Seller, all right, title and interest in and to all of the Target such Seller’s Company Securities, free and clear of all Liens.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Pasithea Therapeutics Corp.), Membership Interest Purchase Agreement (Pasithea Therapeutics Corp.)

Basic Transaction. In accordance with the terms and upon the conditions of this Agreement, at the Closing, Sellers each Seller shall (a) sell to Buyer and sell, transfer, assign, convey and deliver to Buyer all right, title and interest in and to all of the Target Securitiessuch Seller’s shares of Company Stock, free and clear of all Liens, Liens and (b) Buyer shall purchase, and shall accept delivery of and acquire from Sellers, all right, title and interest in and to all of the Target Securities, free and clear of all LiensRestrictions.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Vishay Precision Group, Inc.), Stock Purchase Agreement (Vishay Precision Group, Inc.)

Basic Transaction. In accordance with the terms and upon the conditions of this Agreement, at the ClosingClosing Seller shall sell, Sellers shall (a) sell to Buyer and transfer, assign, convey and deliver to Buyer all right, title and interest in and to all 81% of the Target Company Securities (the “Purchased Securities”), free and clear of all Liens, and (b) Buyer shall purchase, and shall accept delivery of and acquire from Sellers, all right, title and interest in and to all of the Target Securities, free and clear of all Liens.. 1.2

Appears in 1 contract

Samples: Stock Purchase Agreement

Basic Transaction. In accordance with On and subject to the terms and upon the conditions of this Agreement, at the Closing, Sellers Buyer shall (a) sell to Buyer purchase, acquire and transferaccept from Seller, and Seller shall, convey, assign, convey transfer and deliver to Buyer all rightBuyer, title and interest in and to all of the Target SecuritiesHoldings Shares, free and clear of all Liens, and for the consideration specified below in Section 2(b) (b) Buyer shall purchase, and shall accept delivery of and acquire from Sellers, all right, title and interest in and to all of the Target Securities, free and clear of all Liens“Transaction”).

Appears in 1 contract

Samples: Stock Purchase Agreement (Enstar Group LTD)

Basic Transaction. In accordance with the terms and upon the conditions of this Agreement, at the ClosingClosing Seller shall sell, Sellers shall (a) sell to Buyer and transfer, assign, convey and deliver to Buyer all right, title and interest in and to all of the Target Securities, free and clear of all Liens, and (b) Buyer shall purchase, and shall accept delivery of and acquire from Sellers, all right, title and interest in and to all of the Target Partnership Securities, free and clear of all Liens.

Appears in 1 contract

Samples: Purchase and Option Agreement (Meritor Inc)

Basic Transaction. In accordance with Upon the terms and upon subject to the conditions of set forth in this Agreement, at the Closing, Sellers shall (a) sell to Buyer will purchase, acquire, and accept from the Seller, and the Seller will sell, transfer, assign, convey convey, and deliver to Buyer all right, title title, and interest in and to all of the Target Purchased Securities, free and clear of all Liens, any and (b) Buyer shall purchase, and shall accept delivery of and acquire from Sellers, all right, title and interest in and to all of the Target Securities, free and clear of all Liens.

Appears in 1 contract

Samples: Securities Purchase Agreement (Globis Acquisition Corp.)

Basic Transaction. In accordance with the terms and upon the conditions of this Agreement, at the Closing, Sellers shall (a) sell to Buyer and sell, transfer, assign, convey and deliver to Buyer all right, title and interest in and to all of the Target SecuritiesBuyer, free and clear of all LiensLiens (other than restrictions on transferability of the Company Securities imposed by applicable Law, and (b) subject to any Liens caused by Buyer shall purchase, and shall accept delivery or any of and acquire from Sellersits Affiliates), all right, title and interest in and to all of the Target Company Securities, free and clear of all Liens.

Appears in 1 contract

Samples: Stock Purchase Agreement (Kingsway Financial Services Inc)

Basic Transaction. In accordance with Upon the terms and upon subject to the conditions of set forth in this Agreement, at the Closing, Sellers shall (a) sell to the Buyer will purchase, acquire, and accept from the Seller, and the Seller will sell, transfer, assign, convey convey, and deliver to Buyer the Buyer, all right, title title, and interest in and to all of the Target Purchased Securities, free and clear of any and all Liens, and (b) Buyer which Purchased Securities shall purchase, and shall accept delivery of and acquire from Sellers, all right, title and interest in and to all constitute 100% of the Target Securities, free issued and clear outstanding Equity Securities of all Liensthe Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Amedisys Inc)

Basic Transaction. In accordance with Based upon the representations and warranties and subject to the terms and upon the conditions of set forth in this Agreement, at the ClosingClosing Sellers hereby agree to sell, Sellers shall (a) sell transfer and convey to Buyer and transfer, assign, convey and deliver to Buyer all right, title and interest in and to all of the Target Securities, free and clear of all LiensBuyer, and (b) Buyer shall purchase, and shall accept delivery of hereby agrees to purchase and acquire from Sellers, all right, title and interest in and to all of the Target SecuritiesMembership Interests, free and clear of any and all Liens.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (MSA Safety Inc)

AutoNDA by SimpleDocs

Basic Transaction. In accordance with On and subject to the terms and upon the conditions of this Agreement, at the Closing, Sellers the Seller shall (a) sell to Buyer and transfersell, convey, assign, convey transfer and deliver to Buyer all right, title and interest in and to all of the Target Securities, free and clear of all LiensBuyer, and (b) the Buyer shall purchase, acquire and shall accept delivery of and acquire from Sellersof, all right, title assets and properties owned by the Seller or in which the Seller has an interest in and to all as of the Target SecuritiesClosing and used by the Seller in connection with the Business (other than the Excluded Assets) including, free and clear without limiting the generality of all Liens.the foregoing:

Appears in 1 contract

Samples: Asset Purchase Agreement (Pinnacle Data Systems Inc)

Basic Transaction. In accordance with (a) On the terms and upon subject to the conditions of set forth in this Agreement, at the Closing, Sellers Buyer shall (a) sell to Buyer purchase from Seller, and transferSeller shall sell, convey, assign, convey transfer and deliver to Buyer all rightBuyer, title and interest in and to all of the Target Securities14,758 Shares, free and clear of all Liens, and (b) Buyer shall purchase, and shall accept delivery of and acquire from Sellers, all right, title and interest in and to all of the Target Securities, free and clear of all LiensEncumbrances.

Appears in 1 contract

Samples: Z) Stock Purchase Agreement (Regis Corp)

Basic Transaction. In accordance with Upon the terms and upon subject to the conditions of set forth in this Agreement, at the Closing, Sellers the Buyer shall (a) sell to Buyer purchase, acquire, and accept from the Seller, and the Seller shall sell, transfer, assign, convey convey, and deliver to Buyer the Buyer, all right, title title, and interest in and to all of the Target Purchased Securities, free and clear of any and all LiensLiens other than Liens imposed under applicable securities Laws, and (b) as a result of which the Buyer shall purchase, acquire, and shall accept delivery of and acquire from Sellers, all right, title and interest in and to all of the Target Securities, free and clear outstanding Equity Securities of all Liensthe Company as of the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Hubbell Inc)

Basic Transaction. In accordance with the terms and upon the conditions of this Agreement, at the ClosingClosing Seller shall sell, Sellers shall (a) sell to Buyer and transfer, assign, convey and deliver to Buyer all right, title and interest in and to all 81% of the Target Company Securities (the “Purchased Securities, free and clear of all Liens, and (b) Buyer shall purchase, and shall accept delivery of and acquire from Sellers, all right, title and interest in and to all of the Target Securities”), free and clear of all Liens.

Appears in 1 contract

Samples: Stock Purchase Agreement (Kingsway Financial Services Inc)

Basic Transaction. In accordance with Upon the terms and upon subject to the conditions of set forth in this Agreement, at the Closing, Sellers the Buyer shall (a) sell to Buyer purchase, acquire, and accept from the Seller, and the Seller shall sell, transfer, assign, convey convey, and deliver to the Buyer all right, title title, and interest in and to all of the Target Purchased Securities, free and clear of all Liens, any and (b) Buyer shall purchase, and shall accept delivery of and acquire from Sellers, all right, title and interest in and to all of the Target Securities, free and clear of all Liens.

Appears in 1 contract

Samples: Securities Purchase Agreement (Mednax, Inc.)

Basic Transaction. In accordance with On the terms and upon subject to the conditions of set forth in this Agreement, at the Closing, Sellers Buyer shall (a) sell to Buyer purchase from Seller, and transferSeller shall sell, convey, assign, convey transfer and deliver to Buyer all rightBuyer, title and interest in and to all of the Target SecuritiesAgency Shares, free and clear of all LiensLiens (other than those arising out of acts of Buyer or any of its Affiliates), for an amount equal to the sum of (a) the Closing TBV and (b) Buyer shall purchase, and shall accept delivery of and acquire from Sellers, all right, title and interest in and to all of $1 million (the Target Securities, free and clear of all Liens“Purchase Price”).

Appears in 1 contract

Samples: Stock Purchase Agreement (Unified Grocers, Inc.)

Basic Transaction. In accordance with On the terms and upon subject to the conditions of set forth in this Agreement, at the Closing, the Buyer shall purchase, accept and acquire from the Sellers, and the Sellers shall (a) sell to Buyer and transfersell, convey, assign, convey transfer and deliver to Buyer all rightthe Buyer, title and interest in and to all of the Target Securities, free and clear of all Liens, and (b) Buyer shall purchase, and shall accept delivery of and acquire from Sellers, all right, title and interest in and to all of the Target Securities, free and clear of all LiensEncumbrances.

Appears in 1 contract

Samples: Securities Purchase Agreement (Arcosa, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.