Sale of Ownership Interest. 15 SECTION 3.1. Determination of Ownership Interest.....................15 SECTION 3.2. Frequency of Determining Aggregate Ownership Interest................................................16 SECTION 3.3. Maximum Ownership Interest..............................17 SECTION 3.4. Lock Boxes, Blocked Accounts and Collections............17
Sale of Ownership Interest. Subject to the terms set forth herein, Mr. Xxxxx xxxeby agrees to sell, convey, transfer, assign, and deliver to United, and United agrees to purchase all of the remaining interest in and to UNM owned by Mr. Xxxxx, xxich interest shall represent not less than 98% of the ownership interest of UNM. The closing of this Agreement and the transfer of the ownership interest shall occur not later than March 31, 1999; provided, however, that the closing shall take place immediately upon approval by the New York Banking Department of UNM's application for permission to transfer ownership. If the New York Banking Department shall not approve the transfer of ownership on or before March 31, 1999, Mr. Xxxxx xxxll cause UNM immediately to turn in its New York license and operate only in the remaining states. 3
Sale of Ownership Interest. Thynews Tech hereby agrees to sell, convey, transfer, assign and deliver to Buyer on the Closing Date (as defined in Section 1.3), free and clear of all liens, encumbrances, purchase rights, claims, pledges, mortgages, security interests, or other limitations or restrictions whatsoever, 100% of the ownership of duly and validly issued, fully paid and non-assessable ownership interest of Thynews Tech.
Sale of Ownership Interest. MGH hereby agrees to sell, convey, transfer, assign and deliver to Buyer on the Closing Date (as defined below), free and clear of all liens, encumbrances, purchase rights, claims, pledges, mortgages, security interests, or other limitations or restrictions whatsoever, 100% of the duly and validly issued and outstanding shares of capital stock of MBI.
Sale of Ownership Interest. The shareholders of ABTIP hereby agree to sell, convey, transfer, assign and deliver to ALT as of the Closing Date (as defined in clause 1.6 hereof), free and clear of all liens, encumbrances, purchase rights, claims, pledges, mortgages, security interests, or other limitations or restrictions whatsoever, 100 ordinary shares equal to 100% of the equity of duly and validly issued, fully paid and non- assessable ordinary shares of ABTIP.
Sale of Ownership Interest. On the Closing Date, and upon the terms and subject to the conditions set forth in this Agreement, the Principal Seller shall cause the Subsidiary Seller to sell, and the Subsidiary Seller shall sell to Purchaser, and Purchaser shall purchase from the Subsidiary Seller, the Ownership Interest, free and clear of all Liens and with all rights attached or accruing to such Ownership Interest from and after the Effective Date.
Sale of Ownership Interest. If DEALER proposes any Ownership Change, COMPANY will consider DEALER's proposal in accordance with the considerations and subject to DEALER's completion of the requirements set forth in Paragraphs 1 through 3 below.
Sale of Ownership Interest. Mx. Xxxxxxxx hereby agrees to sell, convey, transfer, assign and deliver to Buyer on the Closing Date (as defined in Section 1.3), free and clear of all liens, encumbrances, purchase rights, claims, pledges, mortgages, security interests, or other limitations or restrictions whatsoever, 100% of the ownership of duly and validly issued, fully paid and non-assessable ownership interest of Itnia Co. LLC, a Wyoming limited liability company. Itnia Co. is a holder of 100% rights and assets of MB Lemalike Innovations, a Lithuanian small company, free and clear of all liens, claims, charges and encumbrances.
Sale of Ownership Interest. Sellers hereby agrees to sell, convey, transfer, assign and deliver to Buyer on the Closing Date (as defined below), free and clear of all liens, encumbrances, purchase rights, claims, pledges, mortgages, security interests, or other limitations or restrictions whatsoever, 100% of the duly and validly issued and outstanding shares of capital stock of Eco Equity Zimbabwe (PTY) Ltd, together with its operations in Zimbabwe.
Sale of Ownership Interest. City Vines hereby agrees to sell, convey, transfer, assign and deliver to Buyer on the Closing Date (as defined in Section 1.3), free and clear of all liens, encumbrances, purchase rights, claims, pledges, mortgages, security interests, or other limitations or restrictions whatsoever, 100% of the equity of duly and validly issued, fully paid and non-assessable ownership interest of City Vines.
