Acquisition of Certain Assets. At the Closing (as hereinafter defined), each Transferor shall convey, assign, transfer and deliver to Transferee, and Transferee shall acquire from each Transferor, free and clear of any encumbrances other than Permitted Encumbrances, all of each Transferor’s right, title and interest in and to all of such Transferor’s personal property and assets, tangible and intangible, of every kind and description, located at the Greenville Campus or used primarily in connection with the Greenville Ministry, including the following, but specifically excluding the Excluded Assets described in Section 2.2 hereof (sometimes hereinafter referred to as the “Transferred Assets”):
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