Ownership and Capitalization. (i) Seller is the lawful record and beneficial owner of all of the issued and outstanding shares of capital stock of the Subsidiaries, free and clear of all Encumbrances, except those created pursuant to the Credit Agreement. Upon completion of the transactions contemplated by this Agreement, Purchaser will acquire as of the Closing Date good and valid title to the Acquired Shares, free and clear of all Encumbrances.
Appears in 4 contracts
Samples: Agreement of Purchase (Arrow Electronics Inc), Agreement of Purchase (Arrow Electronics Inc), Agreement of Purchase and Sale (Bell Industries Inc /New/)