Common use of Sale and Purchase of the Target Equity Interests Clause in Contracts

Sale and Purchase of the Target Equity Interests. On the terms and subject to the conditions set forth herein, at each Closing, Parent shall cause each applicable Seller to sell, transfer and deliver to Purchaser, free and clear of any Encumbrances other than any restrictions arising under applicable Law and the Constituent Documents of the Target Companies, and Purchaser shall purchase and receive from each applicable Seller, all of such Seller's right, title and interest in and to the Target Equity Interests in each Subject Company owned by such Seller.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (General Motors Financial Company, Inc.), Purchase and Sale Agreement (General Motors Co)

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Sale and Purchase of the Target Equity Interests. On the terms and subject to the conditions set forth herein, at each the Closing, Parent shall cause each applicable Seller to sell, transfer and deliver to Purchaser, free and clear of any Encumbrances other than any restrictions arising under applicable Law and the Constituent Documents of the Target CompaniesLaw, and Purchaser shall purchase and receive from each applicable Seller, all of such Seller's ’s right, title and interest in and to the Target Equity Interests in each Subject Company owned by such Seller.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ally Financial Inc.)

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Sale and Purchase of the Target Equity Interests. On the terms and subject to the conditions set forth herein, at each Closing, Parent shall cause each applicable Seller to sell, transfer and deliver to Purchaser, free and clear of any Encumbrances other than any restrictions arising under applicable Law and the Constituent Documents of the Target Companies, and Purchaser shall purchase and receive from each applicable Seller, all of such Seller's ’s right, title and interest in and to the Target Equity Interests in each Subject Company owned by such Seller.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ally Financial Inc.)

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