The Contribution and Exchange Sample Clauses
The Contribution and Exchange clause defines the terms under which parties provide resources, information, or services to each other within an agreement. Typically, it outlines what each party is expected to contribute, such as intellectual property, data, or financial support, and may specify the timing, method, and conditions of these exchanges. This clause ensures that all parties understand their obligations and the value they are expected to bring, thereby promoting fairness and preventing disputes over contributions during the course of the agreement.
The Contribution and Exchange. Subject to the terms and conditions hereof, on the Effective Date (as defined in Section 1.3), the outstanding Membership Units shall be exchanged for shares of GHS Preferred Stock and, subject to Section 2.1, into GHS Warrants in accordance with the applicable provisions of this Agreement and the laws of the State of Delaware ("Delaware Law"). Following the Effective Date, CYL shall continue its limited liability company existence under Delaware Law as a wholly-owned subsidiary of GHS.
The Contribution and Exchange. Upon the terms and subject to the conditions of this Agreement, at the Closing, Contributor shall contribute, transfer and convey to Company, all of the issued and outstanding CHB Shares free from all Encumbrances. In exchange for the contribution by Contributor of the CHB Shares, upon the terms and subject to the conditions of this Agreement, at the Closing, the Company shall issue to Contributor, that number of duly authorized, validly issued, fully-paid and non-assessable Company Common Shares equal to the Exchange Shares, which Exchange Shares shall be free from all Encumbrances. The contribution of the CHB Shares in exchange for the issuance to Contributor of the Exchange Shares is referred to in this Agreement as the “Exchange.”
The Contribution and Exchange. Subject to the terms and conditions set forth herein, at the Closing, Alexander shall contribute to Lattice the CCC Shares (at Closing the “Contributed Shares”) in exchange for the issuance by the Company to Alexander of 2,500,000 fully paid and non-assessable Exchange Shares.
The Contribution and Exchange