Common use of Assignment of the Shares Clause in Contracts

Assignment of the Shares. 2.2.1 The Seller hereby assigns (abtreten) the Shares to the Purchaser and the Purchaser accepts such assignment. 2.2.2 The assignment pursuant to Clause 2.2.1 shall become effective upon the Closing Date or, if that is later, upon receipt of the Preliminary Purchase Price on the Seller’s bank account specified in accordance with Clause 13.1.2.