Common use of Acquiring Entity Clause in Contracts

Acquiring Entity. At Purchaser's election, Purchaser may assign its rights to acquire the Shares as provided in this Agreement to a wholly-owned subsidiary of Purchaser, newly-formed for such purpose, in which case, on the Closing Date, Seller shall transfer the Shares to such subsidiary.

Acquiring Entity. At Purchaser's election, Purchaser may assign its rights to acquire the Shares as provided in this Agreement to a wholly-owned subsidiary of Purchaser, newly-formed for such purpose, in which case, on the Closing Date, Seller Sellers shall transfer the Shares to such subsidiary.