Common use of Purchase and Sale of Class B Stock Clause in Contracts

Purchase and Sale of Class B Stock. On the terms and subject to the conditions set forth in this Agreement, the Seller agrees to sell and deliver the Class B Stock to the Purchaser, free and clear of any mortgage, pledge, lien, security interest or other encumbrance (each, a "Lien") or Restriction ---- created by or binding upon the Seller or the Class B Stock, and the Purchaser agrees to purchase and acquire the Class B Stock from the Seller. For purposes of this Agreement, "Restriction" means, when used with respect to any specified security, any stockholders or other trust agreement, option, warrant, escrow, proxy, buy-sell agreement, power of attorney or other contract, agreement or arrangement which (i) grants to any Person the right to sell or otherwise dispose of, such specified security or any interest therein, or (ii) restricts the transfer of, or the exercise of any rights or the enjoyment of any benefits arising by reason of the ownership of such specified security. For purposes of this Agreement, "Person" means any individual, corporation, general or limited partnership, limited liability company, trust, joint venture, association or unincorporated entity of any kind.

Purchase and Sale of Class B Stock. On the terms and subject to the conditions set forth in this Agreement, the Seller agrees to sell and deliver the Class B Stock to the Purchaser, free and clear of any mortgage, pledge, lien, security interest or other encumbrance (each, a "Lien") or Restriction ---- created by or binding upon the Seller or the Class B Stock, and the Purchaser agrees to purchase and acquire the Class B Stock from the Seller. For purposes of this Agreement, "Restriction" means, when used with respect to any specified security, any stockholders or other trust agreement, option, warrant, escrow, proxy, buy-sell agreement, power of attorney or other contract, agreement or arrangement which (i) grants to any Person the right to sell or otherwise dispose of, such specified security or any interest therein, or (ii) restricts the transfer of, or the exercise of any rights or the enjoyment of any benefits arising by reason of the ownership of such specified security. For purposes of this Agreement, "Person" means any individual, corporation, general or limited partnership, limited liability company, trust, joint venture, association or unincorporated entity of any kind.

Purchase and Sale of Class B Stock. On the terms and subject to the conditions set forth in this Agreement, the Seller agrees to sell and deliver the Class B Stock to the Purchaser, free and clear of any mortgage, pledge, lien, security interest or other encumbrance (each, a "Lien") or ---- Restriction ---- created by or binding upon the Seller or the Class B Stock, and the Purchaser agrees to purchase and acquire the Class B Stock from the Seller. For purposes of this Agreement, "Restriction" means, when used with respect to any specified security, any stockholders or other trust agreement, option, warrant, escrow, proxy, buy-sell agreement, power of attorney or other contract, agreement or arrangement which (i) grants to any Person the right to sell or otherwise dispose of, such specified security or any interest therein, or (ii) restricts the transfer of, or the exercise of any rights or the enjoyment of any benefits arising by reason of the ownership of such specified security. For purposes of this Agreement, "Person" means any individual, corporation, general or limited partnership, limited liability company, trust, joint venture, association or unincorporated entity of any kind.