Sale Equity. The Seller is the sole legal and beneficial owner of, and has full right, power and authority to sell and transfer the full legal and beneficial ownership of the Sale Equity free from all Encumbrances (of which there are none in existence) and with all rights now and hereafter attaching thereto.
Sale Equity. The AKR is the sole legal and beneficial owner of the Sale Equity held by it (other than such 5.36% Equity Interest in Guangxi Guigang AKR Container Port Co., Ltd. as held by the Xxxxxx), and the Xxxxxx is the legal and beneficial owner holding the 5.36% Equity Interest in Guangxi Guigang AKR Container Port Co., Ltd. There is no Encumbrance, nominee shareholding arrangement or co-ownership arrangement over or affecting the Sale Equity, no agreement or commitment to give and create any such Encumbrance, nominee shareholding arrangement or co- ownership arrangement, and no restriction on transfer (other than any restriction on transfer under the Constitutional Documents).
Sale Equity. 3.1 The Transferors are the legal and record owner of the Sale Equity. There is no Encumbrance and there is no agreement, arrangement or obligation to create or give an Encumbrance, in relation to the Sale Equity or any part of it. No person has claimed to be entitled to an Encumbrance in relation to the Sale Equity or any part of it.
Sale Equity. 3.1 The corporate structure as set forth in Schedule 1 is true and not any misleading.
Sale Equity. Xxxxxx is the legal and beneficial owner holding the 5.36% Equity Interest in Guangxi Guigang AKR Container Port Co., Ltd. There is no Encumbrance, nominee shareholding arrangement or co-ownership arrangement over or affecting the Sale Equity, no agreement or commitment to give and create any such Encumbrance, nominee shareholding arrangement or co-ownership arrangement, and no restriction on transfer (other than any restriction on transfer under the Constitutional Documents).
Sale Equity. The Sale Equity have been duly issued, and the Sellers own the Sale Equity free and clear of all Encumbrances.
