Title to the Notes. Upon consummation of the transactions contemplated by the Note Purchase Agreement, the Purchasers will have good and valid title to the Notes to be surrendered to the Company hereunder, free and clear of all liens, encumbrances, equities or claims; and, upon delivery of the Notes to the Company, good and valid title to the Notes, free and clear of all liens, encumbrances, equities or claims, will pass to the Company, assuming that the Company is acquiring the Notes in good faith and without notice of any "adverse claims" within the meaning of Article 8 of the Uniform Commercial Code.
Appears in 3 contracts
Sources: Securities Purchase Agreement (Lee Thomas H Equity Fund Iii L P), Securities Purchase Agreement (Lee Thomas H Equity Fund Iii L P), Securities Purchase Agreement (Lee Thomas H Equity Fund Iii L P)