Common use of Eligible Securities Clause in Contracts

Eligible Securities. Seller has and, as of the Closing Date, will have good, valid and marketable title to the Eligible Securities free and clear of all Liens, except as set forth in Section 4.19 of the Seller Disclosure Schedule. Except as contemplated hereby, Seller has not sold, transferred, hypothecated or otherwise disposed of all or any portion of the Eligible Securities. Seller has the full right to sell the Eligible Securities to Purchaser hereunder.