Common use of Legal and beneficial ownership Clause in Contracts

Legal and beneficial ownership. 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: Mining Lease Agreement (Tiffany & Co), Agreement (Daqo New Energy Corp.), Agreement (TriLinc Global Impact Fund LLC)

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Legal and beneficial ownership. The Borrower 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 clauses 21.3(c) or (d) (Negative pledge).

Appears in 2 contracts

Samples: Agreement (Hafnia LTD), Agreement (Hafnia LTD)

Legal and beneficial ownership. The Borrower 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 1 contract

Samples: Facility Agreement (First Solar, Inc.)

Legal and beneficial ownership. The Borrower 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 22.3(c) (Negative pledge).

Appears in 1 contract

Samples: Agreement (Hafnia LTD)

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Legal and beneficial ownership. The Borrower It and, in the case of the Borrower, 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: Central European Media Enterprises LTD

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