Common use of Transfer and Acquisition Clause in Contracts

Transfer and Acquisition. (a) Upon the terms and subject to the conditions of this Agreement, on the Closing Date, each of the Sellers shall sell, assign and transfer to the Purchaser, and the Purchaser shall purchase from each of the Sellers, all of each of the Sellers' right, title and interest in the Transferred Assets. All sales, assignments and transfers of the Transferred Assets shall be effected by the Transfer Documents.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Zenith National Insurance Corp), Asset Purchase Agreement (Riscorp Inc)

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Transfer and Acquisition. (a) Upon the terms and subject to the conditions of this Agreement, on the Closing Date, each of the Sellers Seller shall sell, assign and transfer to the Purchasertransfer, and the Purchaser shall purchase from each purchase, the Shares, free and clear of the Sellers, all of each of the Sellers' right, title and interest in the Transferred Assets. All sales, assignments and transfers of the Transferred Assets shall be effected by the Transfer DocumentsLiens.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Metrologic Instruments Inc), Stock Purchase Agreement (Essex Corp)

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