Common use of Ownership of Covered Shares Clause in Contracts

Ownership of Covered Shares. Stockholder is the beneficial owner of the Covered Shares. None of the Covered Shares is subject to any voting trust or other agreement or arrangement with respect to the voting of the Covered Shares. As of the date hereof, Stockholder possesses the sole and exclusive right to vote all of the Covered Shares in any vote of the stockholders of the Company.

Ownership of Covered Shares. Stockholder is the beneficial owner of the Covered Shares, free and clear of any Encumbrance and any other limitation or restriction that, in each case, would deprive Parent of the benefits of this Agreement. None of the Covered Shares is subject to any voting trust or other agreement or arrangement with respect to the voting of the Covered Shares. As of the date hereof, Stockholder possesses the sole and exclusive right to vote all of the Covered Shares in any vote of the stockholders of the Company.