Common use of CLAIMS AND ENCUMBRANCES Clause in Contracts

CLAIMS AND ENCUMBRANCES. Upon delivery of certificates representing the JET Shares as contemplated by this Agreement, Buyer will acquire good title to the JET Shares, free and clear of any liability, security interest, lien, pledge, claim or encumbrance of any nature whatsoever other than any restrictions on the transfer of the JET Shares required by the Securities Act of 1933, as amended (the "Securities Act").