Common use of Ownership of Acquired Interests Clause in Contracts

Ownership of Acquired Interests. (a) Upon the consummation of the transactions contemplated by this Agreement, Contributor will contribute, assign, transfer and deliver to Acquirer, and Acquirer shall have, good and valid title to the Acquired Interests free and clear of all Liens other than (i) any transfer restrictions imposed by federal and state securities Laws, (ii) any transfer restrictions contained in the Organizational Documents of the applicable Target Entity and (iii) any Liens on the Acquired Interests as a result of actions by Acquirer.

Appears in 2 contracts

Samples: Contribution and Redemption Agreement (Energy Transfer Partners, L.P.), Contribution and Redemption Agreement (Amerigas Partners Lp)

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Ownership of Acquired Interests. (a) Upon the consummation of the transactions contemplated by this Agreement, Contributor the Contributors will contributeassign, assignconvey, transfer and deliver to Acquirer, and Acquirer shall have, good and valid title to the Acquired Interests free and clear of all Liens other than (i) any transfer restrictions imposed by federal and state securities Laws, laws; (ii) any transfer restrictions contained in the Organizational Documents of the applicable Target Entity Entity; and (iii) any Liens on the Acquired Interests as a result of actions by Acquirerthe Acquirer Parties.

Appears in 2 contracts

Samples: Contribution Agreement (Crosstex Energy Lp), Contribution Agreement (Devon Energy Corp/De)

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Ownership of Acquired Interests. (a) Upon the consummation of the transactions contemplated by this Agreement, Contributor the Contributors will contributeassign, assignconvey, transfer and deliver to Acquirer, and Acquirer shall have, good and valid title to the Acquired Interests free and clear of all Liens other than (i) any transfer restrictions imposed by federal and state securities Laws, laws; (ii) any transfer restrictions contained in the Organizational Documents of the applicable Target Entity and (iii) any Liens on the Acquired Interests as a result of actions by Acquirer.Entity; and

Appears in 1 contract

Samples: Contribution Agreement

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