Common use of Ownership of Purchased Shares Clause in Contracts

Ownership of Purchased Shares. The Vendor is the beneficial owner of record of the Purchased Shares, with good legal and beneficial title thereto, free and clear of all Encumbrances. There are no restrictions of any kind on the transfer of the Purchased Shares, other than restrictions set out in the articles of the Corporation and as set forth on Appendix 31 of this Schedule 4.1 and, without limiting the generality of the foregoing, none of the Purchased Shares are subject to any shareholder agreements or voting trusts.

Ownership of Purchased Shares. The Vendor is the beneficial owner of record of the Purchased Shares, with good legal and beneficial marketable title thereto, free and clear of all Encumbrances. There are no restrictions of any kind on the transfer of the Purchased Shares, other than restrictions set out in the articles of the Corporation and as set forth on Appendix 31 of this Schedule 4.1 Encumbrances and, without limiting the generality of the foregoing, none of the Purchased Shares are subject to any voting trust, shareholder agreements agreement or voting trustsagreement. Upon completion of the transaction contemplated by this Agreement, all of the Purchased Shares will be owned by the Purchaser as the beneficial owner of record, with a good and marketable title thereto (except for such Encumbrances as may have been granted by the Purchaser).

Ownership of Purchased Shares. The Vendor is the beneficial owner of record of the Purchased Shares, with good legal and beneficial marketable title thereto, free and clear of all Encumbrances. There are no restrictions of any kind on the transfer of the Purchased Shares, other than restrictions set out in the articles of the Corporation and as set forth on Appendix 31 of this Schedule 4.1 Encumbrances and, without limiting the generality of the foregoing, none of the Purchased Shares are subject to any voting trust, shareholder agreements or agreement of voting trustsagreement. Upon completion of the transaction contemplated by this Agreement, all of the Purchased Shares will be owned by the Purchaser as the beneficial owner of record, with good and marketable title thereto (except for such Encumbrances as may have been granted by the Purchaser).

Ownership of Purchased Shares. The As at the Effective Time, the Vendor is will be the beneficial owner of record of the Purchased Shares, with good legal and beneficial marketable title thereto, free and clear of all Encumbrances. There are no restrictions of any kind on the transfer of the Purchased Shares, other than restrictions set out in the articles of the Corporation and as set forth on Appendix 31 of this Schedule 4.1 Encumbrances and, without limiting the generality of the foregoing, none of the Purchased Shares are will be subject to any voting trust, shareholder agreements agreement or voting trusts.agreement;