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

Purchase and Sale of the Purchased Shares. 1.1. Effective as of the Effective Date and subject to the terms hereof, the Seller hereby sells, conveys, assigns and transfers to Purchaser and Purchaser hereby purchases from the Seller, all right, title and interest to the Purchased Shares for the Purchase Consideration (the “Transfer”), such that following the Transfer, Seller will not retain any right or interest in or to the Purchased Shares. 1.2. Upon execution of this Agreement, the Seller shall deliver irrevocable transfer instructions to the Seller’ bank (in a form attached as Exhibit 1.2) to transfer the Purchased Shares to the account/s designated by the Purchaser.

Appears in 2 contracts

Samples: Share Purchase Agreement (Ansonia Holdings B.V.), Share Purchase Agreement (XT Holdings Ltd.)

AutoNDA by SimpleDocs

Purchase and Sale of the Purchased Shares. 1.1. Effective as of the Effective Date and subject to the terms hereof, the Seller hereby sells, conveys, assigns and transfers to Purchaser and Purchaser hereby purchases from the Seller, all right, title and interest in and to the Purchased Shares for the Purchase Consideration (the “Transfer”), such that following the Transfer, Seller will not retain any right or interest in or to the Purchased Shares. 1.2. Upon execution of this Agreement, the Seller shall deliver irrevocable transfer instructions to the Seller’ bank ’s bank/s (in a form attached as Exhibit 1.2) to transfer the Purchased Shares to the account/s designated by the Purchaser.

Appears in 1 contract

Samples: Share Purchase Agreement (Ansonia Holdings B.V.)

AutoNDA by SimpleDocs

Purchase and Sale of the Purchased Shares. 1.1. Effective as of the Effective Date and subject to the terms hereof, the Seller hereby sells, conveys, assigns and transfers to Purchaser and Purchaser hereby purchases from the Seller, all right, title and interest in and to the Purchased Shares for the Purchase Consideration (the “Transfer”), such that following the Transfer, Seller will not retain any right or interest in or to the Purchased Shares. 1.2. Upon execution of this Agreement, the Seller shall deliver irrevocable transfer instructions to the Seller’s bank (in a form attached as Exhibit 1.2) to transfer the Purchased Shares to the account/s designated by the Purchaser.

Appears in 1 contract

Samples: Share Purchase Agreement (Ansonia Holdings B.V.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!