Common use of Sale and Transfer of Shares Clause in Contracts

Sale and Transfer of Shares. Subject to the terms and conditions set forth in this Agreement, on the Closing Date (as defined below in Section 8.1), Shareholders will transfer and convey the Shares to Buyer, and Buyer will acquire the Shares from Shareholders, free and clear of all liens, encumbrances, security agreements, equities, options, claims, charges and restrictions. On the Closing Date, the certificates representing the Shares shall be duly endorsed in blank for transfer, or accompanied by separate written instruments of assignment and shall be accompanied by such other or further supporting documents as Buyer or its counsel may reasonably require.

Sale and Transfer of Shares. Subject to the terms and conditions set forth in this Agreement, on the Closing Date (as defined below in Section 8.1)7.1) but effective as of the Effective Date, Shareholders Shareholder will transfer and convey the Shares to Buyer, and Buyer will acquire the Shares from ShareholdersShareholder, free and clear of all liens, encumbrances, security agreements, equities, options, claims, charges and restrictions. On the Closing Date, the certificates representing the Shares shall are to be duly endorsed in blank for transfer, or accompanied by a separate written instruments instrument of assignment and shall are to be accompanied by such other or further supporting documents as Buyer or its counsel may reasonably require.

Sale and Transfer of Shares. Subject to the terms and conditions set forth in this Agreement, on the Closing Date (as defined below in Section 8.11.03), Shareholders Seller will transfer and convey the Shares to Buyer, and Buyer will acquire the Shares from ShareholdersSeller, free and clear of all liens, encumbrances, security agreementsinterests, rights of first refusal, equities, options, claims, charges and restrictions. On the Closing Date, the certificates representing the Shares shall be duly endorsed in blank for transfer, or accompanied by separate written instruments of assignment and shall be accompanied by such other or further supporting documents as Buyer or its counsel may reasonably require.