Common use of Purchase and Sale of the Purchased Securities Clause in Contracts

Purchase and Sale of the Purchased Securities. On the terms and subject to the conditions set forth in this Agreement, at the Closing, Buyer shall purchase and acquire from the Seller, and the Seller shall sell, assign, transfer, convey and deliver to Buyer, all of the Purchased Securities, free and clear of all Liens (other than Liens (i) arising under the Securities Act and applicable state securities laws or (ii) created or incurred by, or at the direction of, Buyer).

Purchase and Sale of the Purchased Securities. On the terms and subject to the conditions set forth in this Agreement, at the each Closing, Buyer shall purchase and acquire from the Seller, and the Seller shall will sell, assign, transfer, convey and deliver to Buyer, all of and Buyer will purchase, assume, accept, acquire and receive from Seller, (i) the Purchased SecuritiesSecurities applicable to such Closing and (ii) any necessary amendments to Key Contracts, both free and clear of all Liens Encumbrances (other than Liens (i) arising under the Securities Act and applicable state securities laws or (ii) created or incurred by, or at the direction of, BuyerPermitted Encumbrances).