Sale and Purchase of the Containers. On the Closing Date, for the consideration provided in Section 3 and subject to the terms and conditions set forth herein, (i) Seller shall sell to Buyer the Containers, and shall assign, transfer and convey to Buyer all of its right, title and interest relating thereto from and after the Closing Date; and (ii) Buyer shall purchase the Containers from Seller. Effective as of Closing, the Prior Management Agreements shall cease to be applicable as to future periods to the Containers acquired by Buyer, and Buyer shall neither assume nor have any liability under the Prior Management Agreements.
Appears in 6 contracts
Samples: Container Purchase Agreement (Cronos Global Income Fund Xiv L P), Container Purchase Agreement (Iea Income Fund X Lp), Container Purchase Agreement (Iea Income Fund Xi Lp)
Sale and Purchase of the Containers. On the Closing Date, for the consideration provided in Section 3 and subject to the terms and conditions set forth herein, (i) Seller Transferor shall sell to Buyer Transferee the Containers, and shall assign, transfer and convey to Buyer Transferee all of its right, title and interest relating thereto from and after the Closing Date; and (ii) Buyer Transferee shall purchase the Containers from SellerTransferor. Effective as of Closing, the Prior Management Agreements shall cease to be applicable as to future periods to the Containers acquired by BuyerTransferee, and Buyer Transferee shall neither assume nor have any liability under the Prior Management Agreements.
Appears in 4 contracts
Samples: Container Purchase Agreement (Iea Income Fund Vii), Container Purchase Agreement (Iea Income Fund Vi), Container Purchase Agreement (Iea Income Fund Vi)
Sale and Purchase of the Containers. On the Closing Date, for the consideration provided in Section 3 and subject to the terms and conditions set forth herein, (i) Seller Transferor shall sell to Buyer Transferee the Containers, and shall assign, transfer and convey to Buyer Transferee all of its right, title and interest relating thereto from and after the Closing Date; and (ii) Buyer Transferee shall purchase the Containers from SellerTransferor. Effective as of Closing, the Prior Management Agreements shall cease to be applicable as to future periods to the Containers acquired by BuyerTransferee, and Buyer Transferee shall neither assume nor have any liability under the Prior Management Agreements.. 3. Consideration for the Sale; Adjustments to Purchase Price; Revenue Allocations. 3.01
Appears in 1 contract
Samples: Container Purchase Agreement
