Common use of CONSUMMATION OF PURCHASE AND SALE AGREEMENT Clause in Contracts

CONSUMMATION OF PURCHASE AND SALE AGREEMENT. Immediately following the transfer of Assets and assumption of Liabilities contemplated by Section 2.12, the parties hereto will cause the transactions contemplated by the Purchase and Sale Agreement to be consummated, pursuant to which TICL Newco will purchase the TICL Assets from TICL for approximately $5,600,000 in cash.