Common use of Sale and Purchase of Membership Interests Clause in Contracts

Sale and Purchase of Membership Interests. Upon the terms and subject to the conditions contained herein, on the Closing Date each Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from each Seller, all Membership Interests of the Company owned by such Seller set forth opposite such Seller's name on Annex A attached hereto.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Mesa Energy Holdings, Inc.), Membership Interest Purchase Agreement (WPCS International Inc)

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Sale and Purchase of Membership Interests. Upon the terms and subject to the conditions contained herein, on the Closing Date each Seller the Sellers shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from each Sellerthe Sellers, all the Membership Interests free and clear of the Company owned by such Seller set forth opposite such Seller's name on Annex A attached heretoany mortgage, imperfection of title, lien, pledge, option, security interest, claim, deed of trust, hypothecation, charge or other encumbrance of any kind whatsoever.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Fortune Entertainment Corp /De/)

Sale and Purchase of Membership Interests. Upon the terms and subject to the conditions contained set forth herein, on the Closing Date each Seller shall sell, assign, transfer, convey assign and deliver transfer to the PurchaserBuyer, and the Purchaser shall purchase Buyer will purchase, acquire and accept from each Seller, all the Membership Interests of on the Company owned by such Seller set forth opposite such Seller's name on Annex A attached heretoClosing Date.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Sandridge Energy Inc)

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Sale and Purchase of Membership Interests. Upon the terms and subject to the conditions contained herein, on the Closing Date each Date, the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from each the Seller, all the Membership Interests free and clear of the Company owned by such Seller set forth opposite such Seller's name on Annex A attached heretoall Liens.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Titanium Asset Management Corp)

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