Agreement to Sell and Purchase Stock Sample Clauses
Agreement to Sell and Purchase Stock. At the Closing, each ------------------------------------- Shareholder shall sell, transfer and deliver to DoveBid, and DoveBid shall purchase and accept from each Shareholder, all of the Shares owned by such Shareholder, free and clear of all security interests, liens, pledges, charges, escrows, options, rights of first refusal, mortgages, indentures, security agreements or other claims, encumbrances, agreements, arrangements or commitments of any kind or character (collectively, "Liens") in exchange for the following aggregate consideration (the "Purchase Price"):
(i) cash in the amount of $6,750,000, payable at the Closing, of which $5,084,542 shall be payable to the Trees Trust and $1,665,458 shall be payable to the Xxxxxx Trust, which payments shall be subject to reduction in accordance with Section 1.2 (the "Closing Payment"); and
(ii) cash in the amount of $250,000, payable 120 days following the Closing Date, of which $188,316 shall be payable to the Trees Trust and $61,684 shall be payable to the Xxxxxx Trust (the "Deferred Payment"), which payments shall be subject to offset pursuant to Section 1.4 and Article VIII.
Agreement to Sell and Purchase Stock. At the Closing (as defined in -------------------------------------
Agreement to Sell and Purchase Stock. For the consideration hereinafter provided and subject to the terms and conditions of this Agreement, at the Closing (as defined in Section 1.3 below) the Shareholders shall sell, assign, transfer, convey and deliver to the Purchaser, free and clear of all liens, charges, claims or encumbrances, and the Purchaser shall purchase and acquire from the Shareholders their Shares. At the Closing, the Shareholders shall cause to be delivered to the Purchaser a certificate representing the Shares, together with accompanying signed stock power or instrument of assignment, duly endorsed in blank for the transfer of the Shares to the Purchaser with all necessary transfer taxes paid or other revenue stamps affixed thereto.
Agreement to Sell and Purchase Stock. At the Closing, each ------------------------------------- Shareholder shall sell, transfer and deliver to DoveBid, and DoveBid shall purchase and accept from each Shareholder, all of the Shares owned by such Shareholder, free and clear of all security interests, liens, pledges, charges, escrows, options, rights of first refusal, mortgages, indentures, security agreements or other claims, encumbrances, agreements, arrangements or commitments of any kind or character (collectively, "Liens") in exchange for:
(a) cash in the amount of $430,874.00 (the "Purchase Price") to be paid at the Closing, of which (i) $215,437.00 shall be paid to X.Xxxx, and (ii) $215,437.00 shall be paid to X.Xxxx; and
(b) cash in the amount of $185,000.00 (the "Tax Payment") to be paid on April 1, 2001, of which (i) $92,500.00 shall be paid to X.Xxxx, and (ii) $92,500.00 shall be paid to X.Xxxx.
Agreement to Sell and Purchase Stock. Buyer agrees to buy from Seller and Seller agrees to sell and deliver to the Buyer, in accordance with Buyer’s delivery instructions at the Closing (defined in Section 1.5), all of the Stock, free and clear of all Liabilities, security interests, claims, Liens, and encumbrances.
Agreement to Sell and Purchase Stock l 2. For the consideration hereinafter provided, the Shareholders hereby sell, assign, transfer, convey and deliver to the Purchaser, free and clear of all Liens, and the Purchaser hereby purchases and acquires from the Shareholders, the Shares.
Agreement to Sell and Purchase Stock. For the consideration hereinafter provided and subject to the terms and conditions of this Agreement, at the Closing Sellers shall sell, assign, transfer, convey and deliver to Buyer, free and clear of all liens, charges, claims or Encumbrances, and Buyer shall purchase and acquire from Sellers, the Shares. At the Closing, Sellers shall cause to be delivered to Buyer certificates representing the Shares, together with accompanying stock powers or instruments of assignment, duly endorsed in blank for the transfer of the Shares to Buyer.
Agreement to Sell and Purchase Stock. For the consideration hereinafter provided and subject to the terms and conditions of this Agreement, at the Closing (as defined in Section 1.4 hereof) Shareholders shall sell, assign, transfer, convey and deliver to APPM, free and clear of all liens, charges, claims or encumbrances, and APPM shall purchase and acquire from Shareholders, the Shares of Shareholders. At the Closing, Shareholders shall cause to be delivered to APPM certificates representing the Shares, together with accompanying signed stock powers or instruments of assignment, duly endorsed in blank for the transfer of the Shares to APPM with all necessary transfer taxes paid or other revenue stamps affixed thereto.
Agreement to Sell and Purchase Stock. For the consideration hereinafter provided and subject to the terms and conditions of this Agreement, at the Closing, Seller shall sell, assign, transfer, convey and deliver to Purchaser, free and clear of all Liens other than Liens resulting from Purchaser's ownership thereof, and Purchaser shall purchase and acquire from Seller, the Purchased Shares. At the Closing, Seller shall deliver to Purchaser certificates representing the Purchased Shares, together with accompanying stock powers or instruments of assignment, duly endorsed in blank for the transfer of the Purchased Shares to Purchaser, with signatures guaranteed, if required, and with all necessary transfer taxes, if any, paid and any revenue stamps, if any, affixed thereto.
Agreement to Sell and Purchase Stock. For the consideration hereinafter provided and subject to the terms and conditions of this Agreement, at the Closing (as defined in SECTION 1.3), KHI shall sell, assign, transfer, convey and deliver to KNHC, free and clear of all liens, charges, claims or encumbrances, and KNHC shall purchase and acquire from KHI, the Stock. At the Closing, KHI shall cause to be delivered to KNHC