Common use of Sale of Additional Equity Interests to Finance Co Clause in Contracts

Sale of Additional Equity Interests to Finance Co. (a) Immediately following the transactions contemplated under Sections 1.1, 1.2 and 1.3, including, without limitation, the occurrence of the BTA Closing, Issuer Co hereby unconditionally sells, transfers, assigns, conveys and delivers to Finance Co, and Finance Co hereby purchases, acquires and accepts from Issuer Co, free and clear of all Encumbrances (as defined in the BTA), all of Issuer Co’s equity interests in Alba Bioscience Limited (such equity interests, the “Additional Equity Interests”), and Issuer Co shall receive, as consideration for the sale of such equity interests hereunder, New Secured Notes in the aggregate principal amount equal to $70,000,000 (the “Additional-Issued New Secured Notes”; the BTA-Issued New Secured Notes and Additional-Issued New Secured Notes shall collectively be referred to as “Issued New Secured Notes”).

Appears in 5 contracts

Samples: Royalty Right Agreement (Bracebridge Capital, LLC), Master Transaction Agreement (Quotient LTD), Master Transaction Agreement (Honeywell Capital Management LLC)

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