Common use of Good Title Conveyed Clause in Contracts

Good Title Conveyed. At the time of issuance, the Purchased Shares will be duly authorized, validly issued, fully paid and nonassessable and not subject to any preemptive rights. The stock certificates and other instruments to be executed and delivered by the Company to Infinity World at the Closing will be valid and binding obligations of the Company, enforceable in accordance with their respective terms, and will effectively vest in Infinity World good title to all the Purchased Shares, free and clear of all Encumbrances, except restrictions on transfer imposed by the Securities Act and any applicable state securities laws.

Good Title Conveyed. At the time of issuance, the Purchased Shares will be duly authorized, validly issued, fully paid and nonassessable and not subject to any preemptive rights. The stock certificates and other instruments to be executed and delivered by the Company to Infinity World Purchaser at the Closing will be valid and binding obligations of the Company, enforceable in accordance with their respective terms, and will effectively vest in Infinity World Purchaser good title to all the Purchased Shares, free and clear of all Encumbrances, except restrictions on transfer imposed by arising under the Securities Act and or any applicable state securities laws.

Good Title Conveyed. At the time of issuance, the Purchased Shares Stock will be duly authorized, validly issued, fully paid and nonassessable and not subject to any preemptive rights. The stock certificates and other instruments to be executed and delivered by the Company to Infinity World Purchaser at the Closing will be valid and binding obligations of the Company, enforceable in accordance with their respective terms, and will effectively vest in Infinity World Purchaser good title to all the Purchased SharesStock, free and clear of all EncumbrancesLiens whatsoever, except restrictions on transfer imposed by arising under the Securities Act and or any applicable state securities laws.