Ownership of Equity. (a) Such Member has good and valid title to and beneficial ownership of the number of Membership Interests of the Company set forth next to such Member’s name on Annex A, and such Membership Interests are (i) validly issued, fully paid, and nonassessable, and (ii) free and clear of all Encumbrances.
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Samples: Membership Interest Purchase Agreement (CLS Holdings USA, Inc.), Membership Interest Purchase Agreement
Ownership of Equity. (a) Such Member has good and valid title to and beneficial ownership of the number of Membership Interests of the Company set forth next to such Member’s name on Annex A, and such Membership Interests are (i) validly issued, fully paid, and nonassessable, and (ii) free and clear of all EncumbrancesLiens.
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Samples: Membership Interest Purchase Agreement (McBc Holdings, Inc.)
Ownership of Equity. (a) Such Member has good and valid title to and beneficial ownership of the number and type of Membership Interests of the Company set forth next to such Member’s name on Annex ASchedule 4.3(a), and such Membership Interests are (i) validly issued, fully paid, and nonassessablenon-assessable, and (ii) free and clear of all EncumbrancesLiens.
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