Security Assets. (a) The Company is the legal and beneficial owner of the Security Assets. (b) Each of the Security Assets, and the debt represented by them is free from: (i) any Security Interest (other than the Security Interests created by this Assignment); and (ii) any interests or claims of third parties.
Appears in 1 contract
Sources: Assignment of Share Purchase Agreement and Tax Deed of Covenant (British Energy Group PLC)
Security Assets. (a) The Company is the legal and beneficial owner of the Security AssetsAssets and the Shares are fully paid.
(b) Each of the Security Assets, and the debt represented by them is Assets are free from:
(i) from any Security Interest (other than the Permitted Security Interests created by this AssignmentInterests); and.
(iic) any interests or claims The Shares represent the whole of third partiesthe issued share capital of the Borrower.
Appears in 1 contract
Sources: Deed of Assignment and Mortgage (British Energy Group PLC)