Common use of Contribution of the Contributed Assets Clause in Contracts

Contribution of the Contributed Assets. At the Closing, on the terms and subject to the conditions of this Agreement, (a) Azure shall cause its Subsidiaries to contribute, transfer, convey and deliver to certain Subsidiaries of ▇▇▇▇▇▇ all of Azure’s and its Subsidiaries’ right, title and interest in and to the Contributed Assets, free and clear of all Liens (other than Permitted Liens), in exchange for the consideration set forth in Section 2.2 and (b) ▇▇▇▇▇▇ and its Subsidiaries shall purchase, assume and accept the Contributed Assets and the TGG Assumed Liabilities with respect thereto.

Appears in 2 contracts

Sources: Transaction Agreement, Transaction Agreement (Marlin Midstream Partners, LP)