Common use of Ownership of Purchased Shares Clause in Contracts

Ownership of Purchased Shares. The Seller owns the Shares free and clear of all Liens or other limitations affecting the Seller's ability to vote such shares or to transfer such shares to the Buyer.

Appears in 13 contracts

Samples: Share Purchase Agreement (DryShips Inc.), Share Purchase Agreement (DryShips Inc.), Share Purchase Agreement (DryShips Inc.)

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Ownership of Purchased Shares. The Subject to the restrictions set forth in the Shares Security Deed, the Seller owns the Shares free and clear of all Liens or other limitations affecting the Seller's ’s ability to vote such shares or to transfer such shares to the Buyer.

Appears in 2 contracts

Samples: Share Purchase Agreement (DryShips Inc.), Share Purchase Agreement (DryShips Inc.)

Ownership of Purchased Shares. The Seller owns and holds the Shares free and clear of all Liens or other limitations affecting the Seller's ’s ability to vote such shares or to transfer such shares to the Buyer, other than the Liens created pursuant to the Shares Pledge. At the Closing, the Seller will transfer, assign and transmit good and marketable title to and deliver the Shares to the Buyer, free and clear of all Liens.

Appears in 1 contract

Samples: Share Purchase Agreement (Box Ships Inc.)

Ownership of Purchased Shares. The Subject to the restrictions set forth in the Pledge of Shares, the Seller owns the Shares free and clear of all Liens or other limitations affecting the Seller's ability to vote such shares or to transfer such shares to the Buyer.

Appears in 1 contract

Samples: Share Purchase Agreement (DryShips Inc.)

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Ownership of Purchased Shares. The Subject to the restrictions set forth in the Deed of Charge, the Seller owns the Shares free and clear of all Liens or other limitations affecting the Seller's ’s ability to vote such shares or to transfer such shares to the Buyer.

Appears in 1 contract

Samples: Share Purchase Agreement (DryShips Inc.)

Ownership of Purchased Shares. The Seller owns and holds the Shares free and clear of all Liens or other limitations affecting the Seller's ’s ability to vote such shares or to transfer such shares to the Buyer. At the Closing Date, the Seller will transfer, assign and transmit good and marketable title to and deliver the Shares to the Buyer, free and clear of all Liens.

Appears in 1 contract

Samples: Share Purchase Agreement (Paragon Shipping Inc.)

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