The Contribution. Upon the terms and subject to the conditions hereof, at the Closing, (a) each Contributing Stockholder will contribute to Parent all of the Shares owned by it, and (b) each Contributing Partner will contribute to Parent all of the limited partnership Units owned by it, in each case free and clear of all Liens (defined below), in exchange for such Contributing Stockholder's or Contributing Partner's pro rata share of the Consideration specified in Section 1.
Appears in 3 contracts
Sources: Agreement and Plan of Contribution (Founders Rig LLC), Agreement and Plan of Contribution (Klein Michael R), Agreement and Plan of Contribution (Realty Information Group Inc)