Common use of Option Share Clause in Contracts

Option Share. Shareholder represents and warrants that: (a) as of the date hereof, the Share constitutes the sole share of stock or other securities held directly or indirectly by Shareholder in the Company; and (b) Shareholder owns, and shall deliver at the closing (as described below), the Share free and clear of all of pledges, options, security interests, liens, claims, or other encumbrances whatsoever and has full right, power, and authority to option and transfer the Share as described herein.

Option Share. Shareholder represents and warrants that: (a) as of the date hereof, the Share constitutes Shares constitute the sole share shares of stock or other securities held directly or indirectly by Shareholder in the Company; and (b) Shareholder owns, and shall deliver at the closing (as described below), the Share Shares free and clear of all of pledges, options, security interests, liens, claims, or other encumbrances whatsoever and has full right, power, and authority to option and transfer the Share Shares as described herein.