Common use of Acquired Interests Clause in Contracts

Acquired Interests. (a) Upon the terms and subject to the satisfaction of the conditions contained in this Agreement, at the Closing, Contributor shall (and the MCE Owners shall cause Contributor to) contribute, assign, transfer and deliver to Acquirer, and Acquirer shall accept delivery from Contributor of, the following Equity Interests (collectively, the “Acquired Interests”) owned by Contributor, free and clear of any and all Liens (other than any transfer restrictions imposed by federal and state securities laws), in exchange for the Total Consideration (as defined in Section 2.02 below) delivered in accordance with Section 2.02: (i) all of the limited liability company interests in MCE GP (and Acquirer shall be admitted as the substitute member thereof); and (ii) all of the limited partnership interests in MCE LP (and Acquirer shall be admitted as the substitute limited partner thereof).