Common use of Contribution on the Closing Date Clause in Contracts

Contribution on the Closing Date. (a) Subject to the terms and conditions of this Agreement, and notwithstanding any provision in this Agreement to the contrary, Contributor hereby irrevocably contributes, transfers, assigns and otherwise conveys to Contributee, without recourse (except as set forth in Section 4.04), and, subject to the satisfaction of the conditions set forth in Section 3.01 and the other terms and conditions of this Agreement, Contributee acquires, accepts and receives as a capital contribution from Contributor, all right, title and interest of Contributor in the Contributed Assets (each of the transactions described in this Section 2.01, a “Contribution” with “Contribute” and “Contributed” having meanings correlative thereto). Contributor hereby relinquishes all legal and equitable interests in the Contributed Assets upon the Closing Date.

Contribution on the Closing Date. (a) Subject to the terms and conditions of this Agreement, and notwithstanding any provision in this Agreement to the contrary, Contributor hereby irrevocably contributes, transfers, assigns and otherwise conveys to Contributee, without recourse (except as set forth in Section 4.044.4), and, subject to the satisfaction of the conditions set forth in Section 3.01 3.1 and the other terms and conditions of this Agreement, Contributee acquires, accepts and receives as a capital contribution from Contributor, all right, title and interest of Contributor in the Contributed Assets (each of the transactions described in this Section 2.012.1, a “Contribution” with “Contribute” and “Contributed” having meanings correlative thereto). Contributor hereby relinquishes all legal and equitable interests in the Contributed Assets upon the Closing Date.