Common use of Valid and Marketable Title Clause in Contracts

Valid and Marketable Title. Such Selling Stockholder now has, and on the Closing Dates will have, valid and marketable title to the Shares to be sold by such Selling Stockholder, free and clear of any lien, claim, security interest or other encumbrance, including, without limitation, any restriction on transfer, and has full right, power and authority to enter into this Agreement, the Power of Attorney and the Custody Agreement (each as hereinafter defined), and each of the several Underwriters will acquire valid and marketable title to all of the Shares being sold to the Underwriters by such Selling Stockholder, free and clear of any liens, encumbrances, equities claims, restrictions on transfer or other defects whatsoever.

Valid and Marketable Title. Such Selling Stockholder Shareholder now has, and on the Closing Dates will have, valid and marketable title to the Shares to be sold by such Selling StockholderShareholder, free and clear of any lien, claim, security interest or other encumbrance, including, without limitation, any restriction on transfer, and has full right, power and authority to enter into this Agreement, the Power of Attorney and the Custody Agreement (each as hereinafter defined), and each of the several Underwriters will acquire valid and marketable title to all of the Shares being sold to the Underwriters by such Selling StockholderShareholder, free and clear of any liens, encumbrances, equities claims, restrictions on transfer or other defects whatsoever.