Common use of Ownership of the Interests Clause in Contracts

Ownership of the Interests. The Contributor is the sole record owner of the Holdings Interests to be transferred by the Contributor, free and clear of any Encumbrances and has good and valid title to such Holdings Interests. Holdings is the sole record owner of the Participating Entity Interests, which are held free and clear of any Encumbrances and for which Holdings has good and valid title. Holdings has not assigned its interest under any Purchase Contract to any Person (other than a Participating Entity).

Ownership of the Interests. The Contributor is the sole record owner of the Holdings Interests to be transferred by the Contributor, free and clear of any Encumbrances and has good and valid title to such Holdings Interests. Holdings is the sole record owner of the Participating Entity Interests (or is the sole record owner of all of the ownership interests in any entity owning Participating Entity Interests), which are held free and clear of any Encumbrances and for which Holdings has good and valid title. Holdings has not assigned its interest under any Purchase Contract to any Person (other than a Participating Entity).

Ownership of the Interests. The Contributor is the sole record owner of the Holdings Interests to be transferred by the Contributor, free and clear of any Encumbrances and has good and valid title to such Holdings Interests. Holdings is the sole record owner of the Participating Entity Interests (or is the sole record owner of all of the ownership interests in any entity owning Participating Entity Interests), which are held free and clear of any Encumbrances, other than Encumbrances that will be released at or prior to Closing, and for which Holdings has good and valid title. Holdings has not assigned its interest under any Purchase Contract to any Person (other than a Participating Entity).