Common use of Conveyance of Capital Lease Property Clause in Contracts

Conveyance of Capital Lease Property. Prior to the Closing Date, the Company shall purchase from the lessors thereof all of the property identified on Exhibit 4.9 (which is held under capital, rather than operating, leases) (the "Capital Lease Property"), so that the Capital Lease Property is owned by the Company immediately prior to the Closing as an Acquired Asset, free and clear of any Encumbrance or Tax.

Conveyance of Capital Lease Property. Prior to the Closing Date, the Company shall purchase from the lessors thereof all of the property identified on Exhibit 4.9 (which is held under capital, rather than operating, leases) (the "Capital Lease Property"), so that the Capital Lease Property is owned by the Company immediately prior to the Closing and is conveyed to the Acquiror at the Closing as an Acquired Asset, free and clear of any Encumbrance or Tax.