Common use of Sale of Interests Clause in Contracts

Sale of Interests. On the terms and subject to the conditions of this Agreement, Purchaser agrees to purchase from Sellers, and Sellers agree to sell, convey, transfer, assign and deliver to Purchaser, at the Closing, Sellers’ right, title and interest to the Peanuts Interests and IBG Interests (as applicable), free and clear of any Liens (except for restrictions arising under applicable federal, state or foreign securities Laws and, in the case of the Peanuts Interests, for restrictions on transfer set forth in the Peanuts Operating Agreement).

Appears in 4 contracts

Samples: Membership Interest Purchase Agreement (Iconix Brand Group, Inc.), Membership Interest Purchase Agreement (Iconix Brand Group, Inc.), Membership Interest Purchase Agreement (DHX Media Ltd.)

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