Shenzhen Equipment. All of the Shenzhen Equipment, including record title thereto, free and clear of any Encumbrance, will be transferred after the Closing Date as provided in the Bills of Sale with respect to the Shenzhen Equipment (which shall be in form and substance mutually agreeable to the Purchaser and the Seller). “Shenzhen Equipment” shall mean the Transferred Equipment located in Shenzhen, People’s Republic of China. Notwithstanding the foregoing, the Parties acknowledge that the purchase price allocated to the Shenzhen Equipment is being paid in full by the Purchaser on the Closing Date and the Seller and its Affiliates have conveyed equitable title pursuant to this Agreement.
Appears in 4 contracts
Samples: Asset Purchase Agreement (Oclaro, Inc.), Asset Purchase Agreement (Ii-Vi Inc), Share and Asset Purchase Agreement (Oclaro, Inc.)
