Common use of Assignment, Purchase and Conveyance Clause in Contracts

Assignment, Purchase and Conveyance. Effective upon the Inventory Transfer Time, Seller shall, and hereby does, assign, transfer and deliver unto Buyer, and B▇▇▇▇ shall and hereby does purchase from Seller, all of Seller’s right, title, and interest in and to all of the Feedstock and Renewable Products Inventory, free and clear of all Liens, claims and encumbrances of any nature, other than Permitted S&O Liens, to have and to hold. Seller covenants and agrees to warrant and forever defend good title to the Feedstock and Renewable Products Inventory, free and clear of all Liens, claims and encumbrances of any nature, subject to Permitted S&O Liens, against the claims of all parties claiming the same by, through, or under Seller, but not otherwise.

Appears in 1 contract

Sources: Inventory Sales Agreement (Vertex Energy Inc.)

Assignment, Purchase and Conveyance. Effective upon the Inventory Transfer Time, Seller shall, and hereby does, assign, transfer and deliver unto Buyer, and B▇▇▇▇ Buyer shall and hereby does purchase from Seller, all of Seller’s right, title, and interest in and to all of the Feedstock Crude and Renewable Products Product Inventory, free and clear of all Liens, claims and encumbrances of any nature, other than Permitted S&O Liens, to have and to hold. Seller covenants and agrees to warrant and forever defend good title to the Feedstock Crude and Renewable Products Product Inventory, free and clear of all Liens, claims and encumbrances of any nature, subject to Permitted S&O Liens, against the claims of all parties claiming the same by, through, or under Seller, but not otherwise.

Appears in 1 contract

Sources: Inventory Sales Agreement (Vertex Energy Inc.)

Assignment, Purchase and Conveyance. Effective upon the Inventory Transfer Time, Seller LW shall, and hereby does, assign, transfer and deliver unto Buyer, and B▇▇▇▇ Buyer shall and hereby does purchase from SellerLW, all of SellerLW’s right, title, and interest in and to all of the Feedstock Crude and Renewable Products Product Inventory, free and clear of all Liens, claims and encumbrances of any nature, other than Permitted S&O Liens, to have and to hold. Seller LW covenants and agrees to warrant and forever defend good title to the Feedstock Crude and Renewable Products Product Inventory, free and clear of all Liens, claims and encumbrances of any nature, subject to Permitted S&O Liens, against the claims of all parties claiming the same by, through, or under SellerLW, but not otherwise.

Appears in 1 contract

Sources: Supply and Offtake Agreement (Calumet Specialty Products Partners, L.P.)