Title to Contributed Assets. (a) GES shall have the ability to contribute, assign, convey, transfer and deliver to the Company good, complete and marketable title to all of the GES Contributed Assets free and clear of any Liens of any kind or nature whatsoever, other than Permitted Liens. (b) RAC shall have the ability to contribute, assign, convey, transfer and deliver to the Company good, complete and marketable title to all of the RAC Contributed Assets free and clear of any Liens of any kind or nature whatsoever.
Appears in 2 contracts
Samples: Asset Contribution and Share Subscription Agreement (Independence Contract Drilling, Inc.), Asset Contribution and Share Subscription Agreement (Independence Contract Drilling, Inc.)
Title to Contributed Assets. (a) At the Closing, GES shall have the ability to contribute, assign, convey, transfer and deliver to the Company good, complete and marketable title to all of the GES Contributed Assets free and clear of any Liens of any kind or nature whatsoever, other than Permitted Liens.
(b) At the Closing, RAC shall have the ability to contribute, assign, convey, transfer and deliver to the Company good, complete and marketable title to all of the RAC Contributed Assets free and clear of any Liens of any kind or nature whatsoever.
Appears in 2 contracts
Samples: Asset Contribution and Share Subscription Agreement (Independence Contract Drilling, Inc.), Asset Contribution and Share Subscription Agreement (Independence Contract Drilling, Inc.)
