FORMATION OF SELLER SUBSIDIARY ENTITIES, TRANSFER OF PROPERTIES; PURCHASE AND SALE; LEASEBACK; SUBLEASES Sample Clauses

FORMATION OF SELLER SUBSIDIARY ENTITIES, TRANSFER OF PROPERTIES; PURCHASE AND SALE; LEASEBACK; SUBLEASES. 2.1 On or prior to the Closing Date, each Seller shall form a special purpose, wholly-owned Delaware limited liability company (each, a “Seller Subsidiary Entity,” and collectively, the “Seller Subsidiary Entities”) and then transfer its Applicable Property to such Seller Subsidiary Entity by delivery of the documents described in Sections 9.1(a) through (f) inclusive.
AutoNDA by SimpleDocs
FORMATION OF SELLER SUBSIDIARY ENTITIES, TRANSFER OF PROPERTIES; PURCHASE AND SALE; LEASEBACK; SUBLEASES. 2.1 On or prior to the Closing Date, Fiesta Station will be merged with and into Fiesta Station, Inc., a Nevada corporation, and Fiesta Station, Inc. shall be the surviving entity in the merger. On or prior to the Closing Date, Lake Xxxx Station will be merged with and into Lake Xxxx Station, Inc., a Nevada corporation, and Lake Xxxx Station, Inc. shall be the surviving entity in the merger. Following such mergers, all references hereunder to “Fiesta Station” shall mean Fiesta Station, Inc. and all references hereunder to “Lake Xxxx Station” shall mean Lake Xxxx Station, Inc., and Fiesta Station, Inc. and Lake Xxxx Station, Inc. shall each become a “Seller” hereunder.

Related to FORMATION OF SELLER SUBSIDIARY ENTITIES, TRANSFER OF PROPERTIES; PURCHASE AND SALE; LEASEBACK; SUBLEASES

  • Transfer of Acquired Assets At the Closing, Seller is transferring and shall transfer to Buyer, and the Transaction Agreements are effective to vest in Buyer, good, valid and indefeasible or marketable, fee simple or leasehold, as applicable, title to the Acquired Assets, free and clear of all Liens, other than Permitted Liens.

  • Sale-Leaseback Enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Subsidiary shall sell or transfer any property (real, personal or mixed) used or useful in the Business Operations, whether now owned or hereafter acquired, and thereafter rent or lease such property.

  • Sale and Transfer of Assets Closing 2.1 ASSETS TO BE SOLD Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, but effective as of the Effective Time, Seller shall sell, convey, assign, transfer and deliver to Buyer, and Buyer shall purchase and acquire from Seller, free and clear of any Encumbrances other than Permitted Encumbrances, all of Seller's right, title and interest in and to all of Seller's property and assets, real, personal or mixed, tangible and intangible, of every kind and description, wherever located, including the following (but excluding the Excluded Assets):

  • Purchase and Sale of Acquired Assets At the Closing and subject to the terms and conditions of this Agreement, Seller shall sell, transfer, assign, convey and deliver to Buyer, free and clear of all Encumbrances, other than Permitted Encumbrances, and Buyer shall purchase, acquire, take assignment and delivery from Seller, of all of the right, title and interest of Seller in and to the Acquired Assets, as specified below.

  • Properties and Leases Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, the Company and the Company Subsidiaries have good and marketable title to all real properties and all other properties and assets owned by them, in each case free from liens (including, without limitation, liens for Taxes), encumbrances, claims and defects that would affect the value thereof or interfere with the use made or to be made thereof by them. Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, the Company and the Company Subsidiaries hold all leased real or personal property under valid and enforceable leases with no exceptions that would interfere with the use made or to be made thereof by them.

  • CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE SECTION 8.1. Company May Consolidate, Etc.,

  • Consolidation Merger Sale Conveyance and Lease SECTION 10.01. Company May Consolidate, etc.,

  • Merger Sale Conveyance and Lease Section 10.01. Issuer May Consolidate on Certain Terms 44 Section 10.02. Issuer Successor to Be Substituted 44 Section 10.03. Guarantor May Consolidate on Certain Terms 44 Section 10.04. Guarantor Successor to Be Substituted 45 Section 10.05. Assumption by Guarantor 45

  • Sale Leasebacks No Credit Party shall engage in any sale-leaseback, synthetic lease or similar transaction involving any of its assets.

  • Sale and Leaseback The Borrower will not, and will not permit any of its Subsidiaries to, enter into any arrangement, directly or indirectly, whereby the Borrower or any Subsidiary of the Borrower shall sell or transfer any property owned by it in order then or thereafter to lease such property or lease other property that the Borrower or any Subsidiary of the Borrower intends to use for substantially the same purpose as the property being sold or transferred.

Time is Money Join Law Insider Premium to draft better contracts faster.