Common use of Title to Purchased Shares Clause in Contracts

Title to Purchased Shares. Seller is the sole and unconditional owner of the Purchased Shares set forth beside its name in Schedule 4.1(c), with a good and valid title thereto, free and clear of all Encumbrances, except for the Permitted Encumbrances. At the Closing Time, Seller will transfer good and valid title to all of the Purchased Shares to Purchaser, free and clear of all Encumbrances.

Appears in 2 contracts

Samples: Share Purchase Agreement (Liminal BioSciences Inc.), Share Purchase Agreement (Liminal BioSciences Inc.)

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Title to Purchased Shares. The Seller is the sole legal and unconditional beneficial owner of the number of Purchased Shares set forth beside its name out in Schedule 4.1(c)A opposite that Seller’s name under the heading “Number of Purchased Shares Owned by Seller”, with a and has good and valid title theretoto them, free and clear of all Encumbrances, except for the Permitted Encumbrancesany Encumbrance. At Closing, the Closing Time, Seller will transfer good have the absolute and valid title exclusive right to all of the sell those Purchased Shares to Purchaser, free and clear of all Encumbrancesthe Buyer as contemplated by this Agreement.

Appears in 1 contract

Samples: Share Purchase Agreement

Title to Purchased Shares. The Seller is the sole legal and unconditional beneficial owner of the number of Purchased Shares set forth beside its name out in Schedule 4.1(c)A opposite that Seller’s name under the heading “Number of Purchased Shares Owned by Seller”, with a and has good and valid title theretoto them, free and clear of all Encumbrances, any Encumbrance except for any restriction on transfer contained in the Permitted Encumbrancesarticles of the Corporation and the Shareholders Agreement. At Closing, the Closing Time, Seller will transfer good have the absolute and valid title exclusive right to all of the sell those Purchased Shares to Purchaser, free and clear of all Encumbrancesthe Buyer as contemplated by this Agreement.

Appears in 1 contract

Samples: Share Purchase Agreement (Draganfly Inc.)

Title to Purchased Shares. The Seller is the sole legal and unconditional beneficial owner of the number of Purchased Shares set forth beside its name out in Schedule 4.1(c)A opposite each Subsidiary’s name under the heading “Number of Purchased Shares Owned by Seller”, with a and has good and valid title theretoto them, free and clear of all Encumbrances, any Encumbrance except for any restriction on transfer contained in the Permitted EncumbrancesConstating Documents. At each Closing, the Closing Time, Seller will transfer good have the absolute and valid title exclusive right to all of the sell those Purchased Shares to Purchaser, free and clear of all Encumbrancesthe Buyer as contemplated by this Agreement.

Appears in 1 contract

Samples: Share Purchase Agreement

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Title to Purchased Shares. Such Seller is the sole and unconditional owner of the Purchased Shares set forth beside its name in Schedule 4.1(c5.1(c), with a good and valid title thereto, free and clear of all Encumbrances, except for the Permitted Encumbrances. At the Closing Time, Seller will transfer good and valid title to all of the Purchased Shares to Purchaser, free and clear of all Encumbrances.

Appears in 1 contract

Samples: Share Purchase Agreement (Liminal BioSciences Inc.)

Title to Purchased Shares. The Seller is the sole legal and unconditional beneficial owner of the number of Purchased Shares set forth beside its name out in Schedule 4.1(c)A opposite that Seller’s name under the heading “Number of Purchased Shares Owned by Seller”, with a and has good and valid title theretoto them, free and clear of all Encumbrances, any Encumbrance except for any restriction on transfer contained in the Permitted EncumbrancesConstating Documents. At Closing, the Closing Time, Seller will transfer good have the absolute and valid title exclusive right to all of the sell those Purchased Shares to Purchaser, free and clear of all Encumbrancesthe Buyer as contemplated by this Agreement.

Appears in 1 contract

Samples: Share Purchase Agreement (Zealand Pharma a/S)

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