Common use of Acquired Interests Clause in Contracts

Acquired Interests. Upon the terms and subject to the satisfaction of the conditions contained in this Agreement, at the Closing, ▇▇. ▇▇▇▇▇▇ and ▇▇. ▇▇▇▇▇▇▇▇▇ shall contribute, assign, transfer and deliver to Acquirer (or a designated subsidiary of Acquirer), and Acquirer shall accept delivery from ▇▇. ▇▇▇▇▇▇ and ▇▇. ▇▇▇▇▇▇▇▇▇ of, all of the Equity Interests of EFS, and RPS Holdings shall contribute, assign, transfer and deliver to Acquirer (or a designated subsidiary of Acquirer), and Acquirer shall accept delivery from RPS Holdings of, all of the Equity Interests of RPS (collectively, the “Acquired Interests”), free and clear of any and all Liens (except for restrictions on transfer under the Securities Act), in exchange for the Total Consideration (as defined in Section 2.02 below).

Appears in 2 contracts

Sources: Contribution Agreement, Contribution Agreement (New Source Energy Partners L.P.)