Common use of Sale of Equity Interest Clause in Contracts

Sale of Equity Interest. Subject to the terms and conditions set forth herein and in the Assignment and Assumption Agreement (including, without limitation, satisfaction of the conditions precedent set forth herein and in the Assignment and Assumption Agreement), on the Closing Date, Seller hereby agrees to sell, convey, assign, transfer and set over unto Purchaser, as of the Closing Date, the Equity Interest.

Appears in 12 contracts

Samples: Purchase Agreement (PLM Equipment Growth & Income Fund Vii), Purchase Agreement (PLM Equipment Growth Fund Vi), Purchase Agreement (PLM Equipment Growth Fund V)

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