Common use of Ownership of Purchased Shares Clause in Contracts

Ownership of Purchased Shares. Seller is the lawful record beneficial owner of the Purchased Shares. Seller owns the Purchased Shares free and clear of all liens and encumbrances. Upon delivery of the Purchased Shares to Purchaser in accordance with this Agreement, Purchaser will acquire the beneficial and legal, valid and indefeasible title to such Purchased shares, free and clear of all liens and encumbrances except for restrictions on transfer under state and federal securities laws and liens or encumbrances created by or imposed by the Purchaser.

Ownership of Purchased Shares. Seller is the lawful record and beneficial owner of all right, title and interest, in and to the Purchased Shares. Seller owns the Purchased Shares free and clear of all liens and encumbrances. Upon delivery of the Purchased Shares to Purchaser in accordance with this Agreement, Purchaser will acquire the beneficial and legal, valid and indefeasible title to such Purchased shares, free and clear of all liens Liens. The delivery to Purchaser of the Purchased Shares as contemplated in this Agreement will transfer to Purchaser valid title thereto, free and encumbrances except for restrictions on transfer under state and federal securities laws and liens or encumbrances created by or imposed by clear of all Liens other than Liens existing as a result of Purchaser's ownership of the PurchaserPurchased Shares.

Ownership of Purchased Shares. Seller is the lawful record and beneficial owner of all right, title and interest, in and to all of the Purchased Shares. Seller owns the Purchased Shares free and clear of all liens and encumbrances. Upon delivery of the Purchased Shares to Purchaser in accordance with this Agreement, Purchaser will acquire the beneficial and legal, valid and indefeasible title to such Purchased shares, free and clear of all liens Encumbrances. The delivery to Purchaser of the Purchased Shares as contemplated in this Agreement will transfer to Purchaser valid title to the Purchased Shares, free and encumbrances except for restrictions on transfer under state clear of any and federal securities laws and liens or encumbrances created by or imposed by the Purchaserall Encumbrances.