Common use of Ownership of Notes Clause in Contracts

Ownership of Notes. Post is the sole legal and beneficial owner ------------------ of the Notes to be exchanged by Post hereunder and is conveying the Notes and the Note Guarantee relating to such Notes to the Company free and clear of any liens, claims, interests, charges or other encumbrances. Post has neither previously sold, assigned, conveyed, transferred or otherwise disposed of, in whole or in part, the Notes to be exchanged by Post hereunder, nor has Post entered into any agreement to sell, assign, convey, transfer or otherwise dispose of, in whole or in part, such Notes.