SHARES TO BE CONTRIBUTED Sample Clauses
The "Shares to be Contributed" clause defines the specific shares or equity interests that a party is required to transfer or contribute as part of an agreement, such as a joint venture or investment arrangement. It typically outlines the number, class, and characteristics of the shares, and may specify the timing and conditions under which the contribution must occur. By clearly identifying the shares involved and the obligations of the contributing party, this clause ensures transparency and prevents disputes regarding the assets being provided to the transaction.
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SHARES TO BE CONTRIBUTED. Upon the terms and subject to the conditions of this Agreement, at the Closing provided for in Section 1.3 hereof (the "Closing"), Stockholder will assign and deliver to Company, and Company will acquire from Stockholder, good, valid and marketable title to the Shares, free and clear of all liabilities, obligations, claims, liens, options, charges, encumbrances and restrictions of any kind whatsoever, except for the restrictions set forth herein and the restrictions which will be set forth in the Dividend Agreement. On the Closing Date, Stockholder will deliver to Company a stock certificate or certificates representing the Shares, duly endorsed or accompanied by stock powers duly executed in blank, and otherwise in proper form for transfer on the books of the Entity, together with stamps or other evidence for any applicable stock transfer tax or provision for payment thereof, all in a form satisfactory to Company.