Ownership of Sale Shares. The Seller owns all right, title and interest (legal and beneficial) in and to the Sale Shares and is entitled to transfer the same to the Purchaser free and clear of all Encumbrances, and there is no agreement or commitment to give or create any Encumbrance over or affecting the Sale Shares and no claim has been made by any Person to be entitled to any of the Sale Shares. The Seller acknowledges that upon registration of the Sale Shares in the name of the Purchaser forthwith after execution of this Agreement, the Purchaser shall acquire a good and marketable title to the Sale Shares to the exclusion of the Seller and notwithstanding the fact that timeline for payment of the consideration for the Sale Shares is no later than December 10, 2016, as agreed.
Ownership of Sale Shares. (a) The Seller is the sole record and beneficial owner of, and has good and valid title to, the Sale Shares;
Ownership of Sale Shares. (1) The Seller is the registered and sole beneficial owner of the Sale Shares and has the right to transfer entire legal and beneficial title to the Sale Shares free from any Encumbrances in accordance with the terms of this Agreement.
Ownership of Sale Shares. The Seller is the sole record and beneficial owner of the Sale Shares and has good and marketable title to the Sale Shares. Upon consummation of the purchase contemplated herein, Purchaser will acquire good and marketable title to the applicable Sale Shares free and clear of any Lien, other than as may be set forth in the Company’s Articles or under Law.
Ownership of Sale Shares. (a) Seller is and will be on the Closing Date the record and beneficial owner and holder of the Sale Shares, free and clear of all Encumbrances. No legend or other reference to any purported Encumbrance appears upon any certificate representing the Sale Shares.
Ownership of Sale Shares the Vendor is the beneficial owner of the Sale Shares and the Sale Shares are held in CCASS as at the date of this Agreement;
Ownership of Sale Shares. The Seller will be, upon the completion of the Specified Restructuring Step described in Section 2.3(a)(i), the record and beneficial owner of the Buyer Sale Shares, free and clear of all Encumbrances. The New WFOE Holdco will be, upon the completion of the Specified Restructuring Step described in Section 2.3(a)(ii), the record and beneficial owner of the HK Buyer Sale Shares, free and clear of all Encumbrances. Upon the occurrence of the Offshore Sale Toggle Event, the Seller will be the record and beneficial owner of the Buyer Sale Shares and the HK Buyer Sale Shares, free and clear of all Encumbrances.
Ownership of Sale Shares. 20 3.3 Loans owing to or by Vendor.................................. 20
Ownership of Sale Shares. Each of the Vendors is the registered and sole beneficial owner of the number of Sale Shares set out against his name in schedule 1 free from any Encumbrances.
Ownership of Sale Shares. The Sellers have, and at Closing the Purchaser shall receive, good and valid title to the Sale Shares, including those shares held in a fiduciary capacity by any director of the Company. The Sale Shares are free and clear of all encumbrances, mortgages, charges, liens, security interests or any other rights of any third party. Share Purchase Agreement - 15 - ================================================================================
