Common use of Acquisition of the Acquired Interests Clause in Contracts

Acquisition of the Acquired Interests. Upon the terms and subject to the satisfaction or waiver of the conditions contained in this Agreement, (a) Devon Gas Services shall contribute, assign, transfer and deliver to Acquirer, and Acquirer shall acquire from such Contributor, the Devon Gas Services Contributed Interests, free and clear of all Liens and (b) Southwestern Gas shall contribute, assign, transfer and deliver to Acquirer, and Acquirer shall acquire from such Contributor, the Southwestern Gas Contributed Interests, free and clear of all Liens. In exchange for the Acquired Interests, at the Contribution Closing, Crosstex MLP shall issue and deliver to the Contributors the Equity Consideration, apportioned between the Contributors as shall be designated in writing by Devon.