Common use of Legal and beneficial ownership Clause in Contracts

Legal and beneficial ownership. It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant Security.

Appears in 22 contracts

Samples: Intercreditor Agreement (CorpAcq Group PLC), Assignment Agreement (Hamilton Insurance Group, Ltd.), Facilities Agreement (Luxfer Holdings PLC)

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Legal and beneficial ownership. (a) It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant Security.

Appears in 15 contracts

Samples: Credit Agreement (CGG Veritas), Term Loan Credit Agreement (CGG), Credit Agreement (CGG Veritas)

Legal and beneficial ownership. It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant Security.

Appears in 13 contracts

Samples: Subscription Agreement, Facility Agreement (Spansion Inc.), Agreement (PCGI Intermediate Holdings LTD)

Legal and beneficial ownership. It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant the Transaction Security.

Appears in 6 contracts

Samples: Agreement (Iridium Communications Inc.), Supplemental Agreement (Iridium Communications Inc.), Confidential Treatment (Iridium Communications Inc.)

Legal and beneficial ownership. (a) It and each of its Restricted Subsidiaries is the sole legal and beneficial owner of the respective shares and other assets over which it purports to grant Security.

Appears in 6 contracts

Samples: Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.)

Legal and beneficial ownership. It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant Transaction Security.

Appears in 5 contracts

Samples: Financing Agreement (Cemex Sab De Cv), Facilities Agreement (Igate Corp), Facilities Agreement (Igate Corp)

Legal and beneficial ownership. (a) It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant SecuritySecurity free from any claims, third party rights or competing interests other than Security permitted under clause 24.13 (Negative pledge).

Appears in 4 contracts

Samples: And Restatement Agreement (Aegean Marine Petroleum Network Inc.), And Restatement Agreement (Aegean Marine Petroleum Network Inc.), And Restatement Agreement (Aegean Marine Petroleum Network Inc.)

Legal and beneficial ownership. (a) It and each of its Subsidiaries is the sole absolute legal and beneficial owner of all the respective assets over which it purports to grant create Security pursuant to any Security Document, free from any Security other than Permitted Security.

Appears in 4 contracts

Samples: Facility Agreement (Rockwood Holdings, Inc.), Facility Agreement (Rockwood Specialties Group Inc), Facility Agreement (Rockwood Specialties Group Inc)

Legal and beneficial ownership. It Each of the Shareholder and each of its Subsidiaries the Borrower is the sole legal and beneficial owner of the respective assets over which it purports to grant Security.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement (Mohegan Tribal Gaming Authority)

Legal and beneficial ownership. It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant SecuritySecurity free from any claims, third party rights or competing interests.

Appears in 3 contracts

Samples: Facility Agreement (InterXion Holding N.V.), Intercreditor Agreement (InterXion Holding N.V.), Facility Agreement (InterXion Holding N.V.)

Legal and beneficial ownership. It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant Security free from all Security, except for the Security created under the Transaction Security Documents or expressly permitted by this Agreement.

Appears in 2 contracts

Samples: Agreement (Diodes Inc /Del/), Amkor Technology, Inc.

Legal and beneficial ownership. (a) It and each of its Restricted Subsidiaries is the sole legal and beneficial owner of the respective shares, properties and other assets over which it purports to grant SecuritySecurity other than as a result of any Transaction Security or as expressly set out in the relevant Transaction Security Document.

Appears in 2 contracts

Samples: Notes Purchase Agreement (Membership Collective Group Inc.), Notes Purchase Agreement (Membership Collective Group Inc.)

Legal and beneficial ownership. It Subject to the Transaction Security, it and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant Security.

Appears in 1 contract

Samples: Engadin Merger (Charm Communications Inc.)

Legal and beneficial ownership. It and each of its Subsidiaries is the sole absolute legal and beneficial owner of the respective assets over which it purports subject to grant Securitythe Transaction Security that are expressed therein to be legally or beneficially owned by it.

Appears in 1 contract

Samples: Senior Facilities Agreement (Yell Finance Bv)

Legal and beneficial ownership. (a) It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant SecuritySecurity to the Security Agent.

Appears in 1 contract

Samples: Enstar Group LTD

Legal and beneficial ownership. It Subject to any Permitted Security, it and each of its Subsidiaries is the sole legal and and/or beneficial owner of the respective assets over which it purports to grant Security.

Appears in 1 contract

Samples: Senior Facilities Agreement (OpSec Holdings)

Legal and beneficial ownership. It is (and each of its Subsidiaries is is) the sole legal and beneficial owner of the respective assets over which it purports to grant SecuritySecurity Interests.

Appears in 1 contract

Samples: Receivables Financing (Best Buy Co Inc)

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Legal and beneficial ownership. It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant SecuritySecurity to the Security Agent.

Appears in 1 contract

Samples: Facilities Agreement (Enstar Group LTD)

Legal and beneficial ownership. 20.19.1 It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant SecuritySecurity to the Security Agent.

Appears in 1 contract

Samples: Assignment Agreement (Enstar Group LTD)

Legal and beneficial ownership. 20.21.1 It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant Security.

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

Legal and beneficial ownership. 20.20.1 It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant SecuritySecurity to the Security Agent.

Appears in 1 contract

Samples: Assignment Agreement (Enstar Group LTD)

Legal and beneficial ownership. 20.21.1 It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant Transaction Security.

Appears in 1 contract

Samples: Facility Agreement (Central European Distribution Corp)

Legal and beneficial ownership. It Subject to any Permitted Security it and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant SecuritySecurity under the Transaction Security Documents.

Appears in 1 contract

Samples: Senior Facilities Agreement (Central European Distribution Corp)

Legal and beneficial ownership. It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant Securityany Security (other than in respect of any shares it owns in another Obligor that are legally held on its behalf by the directors of that Obligor or other nominees, in which case it is the sole beneficial owner of such shares) and their respective assets are free from any claims, third party rights or competing interests other than Permitted Security permitted under Clause 21.15 (Negative pledge).

Appears in 1 contract

Samples: Loan Agreement (Melco Crown Entertainment LTD)

Legal and beneficial ownership. 19.20.1 It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant SecuritySecurity to the Security Agent.

Appears in 1 contract

Samples: Assignment Agreement (Enstar Group LTD)

Legal and beneficial ownership. It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant Transaction Security, subject to Permitted Security.

Appears in 1 contract

Samples: Facilities Agreement (Central European Distribution Corp)

Legal and beneficial ownership. It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant the Borrower Security, save in respect of any Real Property Interest.

Appears in 1 contract

Samples: caruna-cms-prod.s3-eu-west-1.amazonaws.com

Legal and beneficial ownership. (a) It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant the Security.

Appears in 1 contract

Samples: Common Terms Agreement

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