Legal and beneficial owner Sample Clauses

Legal and beneficial owner. It is the absolute legal owner and beneficial owner of the assets subject to the Transaction Security.
Legal and beneficial owner. It is the absolute legal and beneficial owner of the assets subject to the Transaction Security created or expressed to be created pursuant to the Security Documents to which it is a party.
Legal and beneficial owner. It is the absolute legal owner and beneficial owner of the assets subject to the Transaction Security free from any Security, claims or competing interests whatsoever other than the Existing Security.
Legal and beneficial owner it is the legal and beneficial owner of its Secured Property;
Legal and beneficial owner. It is the absolute legal owner and beneficial owner of the assets subject to the Transaction Security to which it is a party.
Legal and beneficial owner it is the legal and beneficial owner of or otherwise has sufficient right, interest or power to grant a security interest in the Secured Property;
Legal and beneficial owner it is the sole legal and beneficial owner of its Secured Property free of any Encumbrance other than a Permitted Encumbrance;
Legal and beneficial owner. Each member of the Group which is party to the Security Documents is the absolute legal owner and beneficial owner of the assets subject to the Transaction Security.
Legal and beneficial owner. It is the absolute legal (subject to the Voting Trust Agreement in respect of the Parent and the Original Borrower any necessary registrations in the books of the entity whose shares are being charged or any other legal formalities referred to in the Legal Opinions which will be effected promptly after the date hereof) and, where applicable, beneficial owner of all its assets subject to any Permitted Encumbrances and to any security granted under the Security Documents to which it is a party.
Legal and beneficial owner. It is the absolute legal owner and beneficial owner of the assets subject to any Transaction Security created or evidenced by any Security Document to which it is a party.