Common use of Securities Ownership Clause in Contracts

Securities Ownership. Seller is the beneficial and record owner of the Shares, free and clear of any lien, pledge, option, security interest, claim, charge, third party right or any other restriction or encumbrance (each an “Encumbrance”) and will, at the Closing, transfer to Purchaser good and marketable title to the Shares, free and clear of any Encumbrance, except in each case for any Encumbrance that may be imposed or created by the Stockholder Agreement, the Investor Rights Agreement, the Company’s Seventh Amended and Restated Certificate of Incorporation or the Company’s Bylaws.

Securities Ownership. Each Seller is the beneficial and record owner of the its respective Shares, free and clear of any lien, pledge, option, security interest, claim, charge, third party right or any other restriction or encumbrance (each an “Encumbrance”) and will, at the Closing, transfer to Purchaser the Company good and marketable title to the Shares, free and clear of any Encumbrance. Other than the Right Trust, except in each case for no affiliate or immediate family member of the Sellers or the Right Trust beneficially owns any Encumbrance that may be imposed ordinary shares of the Company or created by the Stockholder Agreement, the Investor Rights Agreement, any securities convertible into ordinary shares of the Company’s Seventh Amended and Restated Certificate of Incorporation or the Company’s Bylaws.

Securities Ownership. Seller is the true and lawful record and beneficial and record owner of the SharesPurchased Securities. All of such Purchased Securities have been duly and validly authorized and issued and are fully paid, non-assessable and free of preemptive rights, with no personal liability attaching to the ownership thereof, except as such liability may be imposed pursuant to applicable Laws, and such ownership is free and clear of any lien, pledge, option, security interest, claim, charge, third party right or any other restriction or encumbrance (each an “Encumbrance”) and will, at the Closing, transfer to Purchaser good and marketable title to the Shares, free and clear of any Encumbrance, except in each case for any Encumbrance that may be imposed or created by the Stockholder Agreement, the Investor Rights Agreement, the Company’s Seventh Amended and Restated Certificate of Incorporation or the Company’s Bylawsall Encumbrances.