Common use of Ownership of Interests Clause in Contracts

Ownership of Interests. Seller is the record and beneficial owner of the Interests, free and clear of any Lien, and will transfer and deliver to Buyer at the Closing valid title to the Interests free and clear of any Lien.

Appears in 2 contracts

Samples: Purchase Agreement (Chesapeake Energy Corp), Purchase Agreement (Penn Virginia Resource Partners L P)

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Ownership of Interests. Seller is the record and beneficial owner of the Interests, free and clear of any LienLien other than Permitted Liens, and will transfer and deliver to Buyer at the Closing good and valid title to the Interests Interests, free and clear of any LienLien other than Liens imposed by state and federal securities Laws. The Interests are not certificated.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Fortress Transportation & Infrastructure Investors LLC), Membership Interest Purchase Agreement (United States Steel Corp)

Ownership of Interests. Seller is the sole record and beneficial owner of the InterestsInterest and, upon delivery of the Consent (as defined below), has the right to sell, and is hereby selling and assigning, the Interest free and clear of any Lienand all liens, and will transfer and deliver to Buyer at the Closing valid title to the Interests free and clear claims, encumbrances, pledges or restrictions of any Lienkind whatsoever.

Appears in 1 contract

Samples: Sale and Assignment of Membership Interest (Vector Group LTD)

Ownership of Interests. Seller is the legal, record and beneficial owner owners of the Interests and has good and valid title to such Interests, free and clear of any Lienall liens, security interests, pledges or other encumbrances. The Interests constitutes all of the ownership and other interests and rights held by such Seller in, arising from, related to, and will transfer and deliver to Buyer at associated with the Closing valid title to the Interests free and clear of any LienPartnerships.

Appears in 1 contract

Samples: General Partner Interests

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Ownership of Interests. Seller is the record and beneficial owner of and has good and valid title to the Equity Interests, free and clear of any Lien, and will transfer and deliver to Buyer at the Closing valid title all Encumbrances (other than those arising pursuant to the Interests free and clear Organizational Documents of any Lienthe Company, this Agreement or applicable Laws, or that will be discharged at or prior to the Closing).

Appears in 1 contract

Samples: Omnibus Agreement (NextDecade Corp.)

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