Common use of Capitalization and Ownership of the Seller Clause in Contracts

Capitalization and Ownership of the Seller. The Owner owns one hundred percent (100%) of the issued and outstanding membership interests of the Seller, free and clear of any and all Liens. All such membership interests are duly authorized, validly issued, fully paid and nonassessable and were not issued in violation of any preemptive or other rights of any Person to acquire securities of the Seller. There are no outstanding subscriptions, options, convertible securities, rights (preemptive or other), warrants, calls or agreements relating to any membership interests or other equity interests of the Seller.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (CRH Medical Corp), Purchase and Sale Agreement (CRH Medical Corp)

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