Common use of Class C Shares Clause in Contracts

Class C Shares. As of the date hereof, CFE owns a total of 98,653,542 Class C Shares and GCEH owns a total of 4,496,358 Class C Shares. As of the Closing, each of the GE Entities will have good and valid title to such Class C Shares, free and clear of all Encumbrances (except for Encumbrances created by this Agreement and SES’s organizational documents). Upon delivery to SES of the GE Stock Deliverables, in accordance with the terms of this Agreement, and subject to the registration of the transfer of the Class C Shares in the register of SES, SES shall acquire good and valid title to such shares, free and clear of any Encumbrances, other than Encumbrances created by SES or any of its Subsidiaries.