Lawful Owner Sample Clauses
The 'Lawful Owner' clause establishes that a party has the legal right and authority to own and transfer the subject property or rights under the agreement. In practice, this clause requires the party making the transfer or grant to confirm that they are the legitimate owner and that no other party has conflicting claims or interests. This ensures that the recipient receives clear and undisputed ownership, thereby reducing the risk of future legal challenges or disputes over title.
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Lawful Owner. Grantor covenants with ▇▇▇▇▇▇▇, its successors and assigns, that Grantor is the true and lawful owner of the Easement Parcel, and is well seized of the same in fee simple, and has good right and full power to convey the easement set forth in this instrument.
Lawful Owner. Each Q5 Member is the lawful owner of his or her membership interest in Q5 (the “Q5 Membership Interest”) and has the power to transfer and deliver the Membership Interest in accordance with the terms of this Agreement. The delivery of documentation evidencing the transfer of the Membership Interests pursuant to the provisions of this Agreement will transfer to Sterling Consolidated good and marketable title thereto, free and clear of all liens, encumbrances, restrictions and claims of any kind.
Lawful Owner. Each shareholder of Punk Industries is the lawful owner of the shares of Punk Industries and presently has and will have at the Closing Date, the power to transfer and deliver the Shares in accordance with the terms of this Agreement. The delivery of certificates evidencing the transfer of the Acquired Shares pursuant to the provisions of this Agreement will transfer to ePunk with good and marketable title thereto, free and clear of all liens, encumbrances, restrictions and claims of any kind.
Lawful Owner. With effect from the date on which the Pledged Securities are registered in the name of the Chargor pursuant to Clause 6.02 or Clause 6.03 hereof (as the case may be) the Chargor will be and will, at all times during the subsistence of the security hereby constituted, remain the sole, lawful and beneficial owner of all of its respective Pledged Securities free from any Lien, mortgage or charge (other than this Charge over Shares and any such mortgage as is referred to in Clause 6.05 above and the Liens created by or pursuant to the Security Documents and Liens permitted by Section 8.03(a) of the Credit Agreement);
Lawful Owner. The Moneytech Shareholder is the lawful owner of the number of Moneytech Shares set opposite such Moneytech Shareholder’s name on Schedule 3.1 hereto (the “Designated Shares”) and, subject to the terms of the Constitution of Moneytech, has the power to transfer and deliver the Designated Shares in accordance with the terms of this Agreement. The delivery of documentation evidencing the transfer of the Designated Shares pursuant to the provisions of this Agreement will transfer to Source, subject to the terms of the Constitution of Moneytech, good and marketable title thereto, free and clear of all liens, encumbrances, restrictions and claims of any kind.
Lawful Owner. Each AdeptLLC Member is the lawful owner of his or her membership interest in AdeptLLC (the “AdeptLLC Membership Interest”) and has the power to transfer and deliver the AdeptLLC Membership Interest in accordance with the terms of this Agreement. The delivery of documentation evidencing the transfer of the AdeptLLC Membership Interests pursuant to the provisions of this Agreement will transfer to AdeptPros good and marketable title thereto, free and clear of all liens, encumbrances, restrictions and claims of any kind.
Lawful Owner. The person or legal entity that has legal title to grain. Load Out. The removal of grain from the Warehouse Operator’s licensed warehouse space. Lot. The quantity and quality of single or multiple deliveries of grain received into a warehouse for which one inspection certificate is issued by a licensed inspector, sampler, classifier and/or weigher at a warehouse licensed under the USWA.
Lawful Owner. The Pledged Securities, other than the Minority Shares, are registered in the name of Reltec Foreign Holdings, Inc. which has duly executed and delivered to the Chargor stock transfer forms and the relative share certificates in respect thereof. Subject only to such stock transfer forms being duly stamped, the Chargor is entitled to be registered as the owner of the Pledged Securities, other than the Minority Shares, free of any Lien, mortgage or charge.
Lawful Owner. Each ADDR Member is the lawful owner of his or her membership interest in ADDR (the “ADDR Membership Interest”) and has the power to transfer and deliver the ADDR Membership Interest in accordance with the terms of this Agreement. The delivery of documentation evidencing the transfer of the ADDR Membership Interests pursuant to the provisions of this Agreement will transfer to Sterling good and marketable title thereto, free and clear of all liens, encumbrances, restrictions and claims of any kind.
Lawful Owner. Save and except for the Intellectual Property transferred to or held by Azure Dynamics Inc. and SilvaGen Inc., BCR is the sole and exclusive legal and beneficial owner of the Intellectual Property (including the Intellectual Property described in Article 3.15.1 above) free and clear of any rights of other Persons and has the sole and exclusive right to use the Intellectual Property in the conduct of its business.