Common use of Instruments of Transfer and Conveyance Clause in Contracts

Instruments of Transfer and Conveyance. The sale, transfer and conveyance of the Interests shall be effected by delivery on or prior to the Closing Date by each Party hereto of such deeds, transfers in registrable form, endorsements, assurances, conveyances, releases, discharges, assignments, certificates, drafts, checks or other instruments of transfer and conveyance, duly executed by such Party or such other Person, as the case may be, as any other Party reasonably deems necessary to vest in NEWCO all right, title and interest in and to the Interests, free and clear of any Encumbrance of any kind, except Permitted Encumbrances.

Instruments of Transfer and Conveyance. The sale, transfer and -------------------------------------- conveyance of the Interests shall be effected by delivery on or prior to the Closing Date by each Party hereto of such deeds, transfers in registrable form, endorsements, assurances, conveyances, releases, discharges, assignments, certificates, drafts, checks or other instruments of transfer and conveyance, duly executed by such Party or such other Person, as the case may be, as any other Party reasonably deems necessary to vest in NEWCO all right, title and interest in and to the Interests, free and clear of any Encumbrance of any kind, except Permitted Encumbrances.