Common use of BRI Partnership Units Clause in Contracts

BRI Partnership Units. The BRI Partnership Units shall, as of the Closing Date, be transferred and assigned to the Transferor Partners and shall be free and clear of any liens, pledges and encumbrances of any kind whatsoever. In the event that any condition set forth in Section 17.02(a) through Section 17.02(d) hereinabove is neither satisfied nor waived by the Transferor Agent in writing, on or before the Closing Date, the Transferor Partners shall be entitled to terminate this Agreement by written notice given to the BRI Partnership within seven (7) days after such date, and, thereafter this Agreement shall be void and without recourse to all parties hereunder except for provisions which are expressly stated to survive termination of this Agreement.

BRI Partnership Units. The BRI Partnership Units shall, as of the Closing Date, be transferred and assigned to the Transferor Partners Members and shall be free and clear of any liens, pledges and encumbrances of any kind whatsoever. In the event that any condition set forth in Section 17.02(a) through Section 17.02(d) hereinabove is neither satisfied nor waived by the Transferor Agent Members in writing, on or before the Closing Date, the Transferor Partners Members shall be entitled to terminate this Agreement by written notice given to the BRI Partnership within seven (7) days after such date, and, thereafter this Agreement shall be void and without recourse to all parties hereunder except for provisions which are expressly stated to survive termination of this Agreement.

BRI Partnership Units. The BRI Partnership Units shall, as of the Closing Date, be transferred and assigned to the Transferor Partners Corporation and shall be free and clear of any liens, pledges and encumbrances of any kind whatsoever. In the event that any condition set forth in Section 17.02(a) through Section 17.02(d) hereinabove is neither satisfied nor waived by the Transferor Agent in writing, on or before the Closing Date, the Transferor Partners Corporation shall be entitled to terminate this Agreement by written notice given to the BRI Partnership within seven (7) days after such date, and, thereafter this Agreement shall be void and without recourse to all parties hereunder except for provisions which are expressly stated to survive termination of this Agreement.