Common use of Ownership of Subject Shares Clause in Contracts

Ownership of Subject Shares. The Shareholder has the sole right to sell and vote all of the Subject Shares and all of the Subject Shares shall, on the Effective Date, be beneficially owned by the Shareholder with good and marketable title thereto, free and clear of any and all mortgages, liens, charges, restrictions, security interests, adverse claims, pledges, encumbrances and demands or rights of others of any nature or kind whatsoever.

Ownership of Subject Shares. The Shareholder has the sole right good and marketable right, title and interest (legal and beneficial) in and to sell and vote all of the Subject Shares and all of the Subject Shares shall, on the Effective Date, be beneficially owned by the Shareholder with good and marketable title theretoShares, free and clear of any and all mortgages, liens, charges, restrictionspledges, security interests, adverse charges, claims, equity or encumbrances of any kind. Upon delivery of the Repurchase Amount in accordance with this Agreement, the Company will acquire good and marketable title to the Subject Shares, free and clear of all liens, pledges, security interests, charges, claims, equity or encumbrances and demands or rights of others of any nature or kind whatsoeverkind.