Sale of Ownership Interest. 13 SECTION 3.1. Determination of Ownership Interest...........................13 SECTION 3.2. Frequency of Determining Aggregate Ownership Interest.........15 SECTION 3.3. Maximum Ownership Interest....................................15 SECTION 3.4. Blocked Accounts and Collections..............................15
Sale of Ownership Interest. In some asset classes (namely single tenant, high credit leases), it is common for the buyer to purchase 100% of the membership interest in the entity that owns the real estate. The owning entity is a single-purpose LLC which satisfies the lender’s requirements. These deals usually involve the assumption of the debt as part of transaction. CVS and Walgreens stores are typical examples of these transactions.
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.
Sale of Ownership Interest. In some asset classes (namely single tenant, high credit leases), it is common for the buyer to purchase 100% of the membership interest in the entity that owns the real estate. The owning entity is a single-purpose LLC which satisfies the lender’s requirements. These deals usually involve the assumption of the debt as part of transaction. CVS and Walgreens stores are typical examples of these transactions; however, more large property owners (e.g., Red Lobster, Sears, Applebees) have announced recently sale-leaseback transactions which will most likely be structured in this manner.
Sale of Ownership Interest. GLA and SHAREHOLDER hereby agree 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 GLA. This GLA equity interest will be held in escrow with the Buyer's corporate counsel until such a time as GLA is spun off as an independent publicly traded company.
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. 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. 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. 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.
