Common use of Closing, Deliveries and Obligations Clause in Contracts

Closing, Deliveries and Obligations. At or prior to the Closing, the Transferor Partners shall deliver the following to the BRI Partnership (the "Transferor Partners Closing Documents"): (a) Assignment of Transferor Partnership Interests. An assignment of the Transferor Partnership Interests from each of the respective Transferor Partners to the BRI Partnership and a designee of the BRI Partnership in such a manner as not to result in the dissolution of the Transferor Partnership in the form of the Transferor Assignment attached hereto as Exhibit III, duly executed and delivered by each of the Transferor Partners, which shall transfer the Transferor Partnership Interests to the BRI Partnership and such designee free and clear of any lien, pledge, restriction, encumbrance or other claim by any third party.