Sale of Ownership Interest Clause Samples
The "Sale of Ownership Interest" clause governs the terms and conditions under which a party may transfer or sell their stake in a business entity. Typically, this clause outlines the procedures for notifying other owners, obtaining necessary approvals, and any restrictions or rights of first refusal that may apply to such a sale. Its core function is to provide a clear framework for ownership changes, thereby protecting the interests of existing stakeholders and ensuring orderly transitions.
Sale of Ownership Interest. 15 SECTION 3.1. Determination of Ownership Interest.....................15 SECTION 3.2. Frequency of Determining Aggregate Ownership Interest................................................16 SECTION 3.3. Maximum Ownership Interest..............................17 SECTION 3.4. Lock Boxes, Blocked Accounts and Collections............17
Sale of Ownership Interest. On the Closing Date, and upon the terms and subject to the conditions set forth in this Agreement, the Principal Seller shall cause the Subsidiary Seller to sell, and the Subsidiary Seller shall sell to Purchaser, and Purchaser shall purchase from the Subsidiary Seller, the Ownership Interest, free and clear of all Liens and with all rights attached or accruing to such Ownership Interest from and after the Effective Date.
Sale of Ownership Interest. The shareholders of ABTIP hereby agree to sell, convey, transfer, assign and deliver to ALT as of the Closing Date (as defined in clause 1.6 hereof), free and clear of all liens, encumbrances, purchase rights, claims, pledges, mortgages, security interests, or other limitations or restrictions whatsoever, 100 ordinary shares equal to 100% of the equity of duly and validly issued, fully paid and non- assessable ordinary shares of ABTIP.
Sale of Ownership Interest. M▇. ▇▇▇▇▇▇▇▇ hereby agrees to sell, convey, transfer, assign and deliver to Buyer on the Closing Date (as defined in Section 1.3), free and clear of all liens, encumbrances, purchase rights, claims, pledges, mortgages, security interests, or other limitations or restrictions whatsoever, 100% of the ownership of duly and validly issued, fully paid and non-assessable ownership interest of Itnia Co. LLC, a Wyoming limited liability company. Itnia Co. is a holder of 100% rights and assets of MB Lemalike Innovations, a Lithuanian small company, free and clear of all liens, claims, charges and encumbrances.
Sale of Ownership Interest. Thynews Tech hereby agrees to sell, convey, transfer, assign and deliver to Buyer on the Closing Date (as defined in Section 1.3), free and clear of all liens, encumbrances, purchase rights, claims, pledges, mortgages, security interests, or other limitations or restrictions whatsoever, 100% of the ownership of duly and validly issued, fully paid and non-assessable ownership interest of Thynews Tech.
Sale of Ownership Interest. Sellers hereby agrees to sell, convey, transfer, assign and deliver to Buyer on the Closing Date (as defined below), free and clear of all liens, encumbrances, purchase rights, claims, pledges, mortgages, security interests, or other limitations or restrictions whatsoever, 100% of the duly and validly issued and outstanding shares of capital stock of Eco Equity Zimbabwe (PTY) Ltd, together with its operations in Zimbabwe.
Sale of Ownership Interest. If DEALER proposes any Ownership Change, COMPANY will consider DEALER's proposal in accordance with the considerations and subject to DEALER's completion of the requirements set forth in Paragraphs 1 through 3 below.
Sale of Ownership Interest. In some asset classes (namely single tenant, high credit leases), it is common for the buyer to purchase 100% of the membership interest in the entity that owns the real estate. The owning entity is a single-purpose LLC which satisfies the lender’s requirements. These deals usually involve the assumption of the debt as part of transaction. CVS and Walgreens stores are typical examples of these transactions.
Sale of Ownership Interest. GLA and SHAREHOLDER hereby agree to sell, convey, transfer, assign and deliver to Buyer on the Closing Date (as defined in Section 1.3), free and clear of all liens, encumbrances, purchase rights, claims, pledges, mortgages, security interests, or other limitations or restrictions whatsoever, 100% of the equity of duly and validly issued, fully paid and non-assessable ownership interest of GLA. This GLA equity interest will be held in escrow with the Buyer's corporate counsel until such a time as GLA is spun off as an independent publicly traded company.
Sale of Ownership Interest. In some asset classes (namely single tenant, high credit leases), it is common for the buyer to purchase 100% of the membership interest in the entity that owns the real estate. The owning entity is a single-purpose LLC which satisfies the lender’s requirements. These deals usually involve the assumption of the debt as part of transaction. CVS and Walgreens stores are typical examples of these transactions; however, more large property owners (e.g., Red Lobster, Sears, Applebees) have announced recently sale-leaseback transactions which will most likely be structured in this manner.