Common use of Legal and beneficial ownership Clause in Contracts

Legal and beneficial ownership. It is the sole legal and beneficial owner of the assets over which it purports to grant the Transaction Security free from any claims, third party rights or competing interests other than Permitted Security.

Appears in 4 contracts

Samples: Facilities Agreement, Facility Agreement (Powerfleet, Inc.), Facilities Agreement (MiX Telematics LTD)

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Legal and beneficial ownership. It is the sole absolute legal and beneficial owner of its assets subject to the assets over which it purports to grant the Transaction Security free from any claims, third party rights or competing interests other than Permitted Security.

Appears in 3 contracts

Samples: Pre Export Finance Term Facility Agreement (Canuelas Mill S.A.C.I.F.I.A.), Pre Export Finance Term Facility Agreement (Canuelas Mill S.A.C.I.F.I.A.), Pre Export Finance Term Facility Agreement (Canuelas Mill S.A.C.I.F.I.A.)

Legal and beneficial ownership. It is the sole absolute legal and beneficial owner of all the assets over which it purports to grant the Transaction create Security pursuant to any Security Document, free from any claimsSecurity, third party rights or competing interests other than Permitted Security.

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (Cascal N.V.), Amendment and Restatement Agreement (Cascal N.V.), Facility Agreement (Cascal B.V.)

Legal and beneficial ownership. It is the sole legal and beneficial owner of the assets over which it purports to grant the Transaction Security in this Deed, free from any claims, third party rights or competing interests other than Permitted Security.

Appears in 2 contracts

Samples: Senior Secured Convertible Note Purchase Agreement (Mynd.ai, Inc.), Senior Secured Convertible Note Purchase Agreement

Legal and beneficial ownership. It is (if an Obligor) the sole legal and owner and, where applicable, beneficial owner of the respective material assets over which it purports to grant the Transaction Security free from Security, subject to any claims, third party rights or competing interests other than Permitted Security.

Appears in 2 contracts

Samples: Permanent Facility Agreement (Groupe Eurotunnel SA), Permanent Facility Agreement (Groupe Eurotunnel SA)

Legal and beneficial ownership. It is the sole legal and beneficial owner of the respective assets over which it purports to grant the Transaction Security free from any claims, third party rights or competing interests other than Permitted Securityas permitted by this Agreement.

Appears in 2 contracts

Samples: Facility Agreement (Ener1 Inc), Facility Agreement (Ener1 Inc)

Legal and beneficial ownership. It (a) Subject to the Transaction Security, it is the sole legal and beneficial owner of the respective assets over which it purports to grant the Transaction Security (except as otherwise expressly disclosed in the applicable Security Documents). (b) All the Equity Interests in the Target will as at the Merger Effective Time be legally and beneficially owned by the Parentco free from any claims, third party rights or competing interests other than Permitted Transaction Security.

Appears in 2 contracts

Samples: Facility Agreement (Sequoia Capital China I Lp), Facility Agreement (Chiu Na Lai)

Legal and beneficial ownership. It is the sole absolute legal and beneficial owner of the assets over which it purports to grant the Transaction Security Assets, free from and clear of any claims, third party rights or competing interests other than Permitted Securityin favour of third parties except for the Security Interests created by this Mortgage.

Appears in 1 contract

Samples: Equitable Mortgage (Yun Chen Capital Cayman)

Legal and beneficial ownership. It is the sole legal and beneficial owner of the assets any asset over which it purports to grant the Security to Buyer pursuant to a Transaction Security free from any claims, third party rights or competing interests other than Permitted SecurityDocument.

Appears in 1 contract

Samples: Prepayment Agreement (Transatlantic Petroleum Ltd.)

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Legal and beneficial ownership. It is the sole absolute legal and beneficial owner of all the assets over which it purports to grant the Transaction create Security pursuant to any Security Document, free from any claims, third party rights or competing interests Security other than Permitted Security.

Appears in 1 contract

Samples: Facility Agreement (Cordlife Group LTD)

Legal and beneficial ownership. It is the sole legal and beneficial owner of the respective assets over which it purports to grant the Transaction Security free from any claims, third party rights or competing interests other than Permitted SecuritySecurity permitted under paragraph (b) of Clause 18.3 (Negative pledge).

Appears in 1 contract

Samples: Facility Agreement (Ozon Holdings PLC)

Legal and beneficial ownership. It is the sole legal and beneficial owner of the assets over which it purports to grant the Transaction Security free from any claims, third party rights or competing interests other than Permitted Security.

Appears in 1 contract

Samples: Facility Agreement (Central European Distribution Corp)

Legal and beneficial ownership. It is the sole sole, absolute, legal and beneficial owner of the respective assets over which it purports to grant the Transaction Security Security, free from any claims, third party rights or competing interests other than Permitted Securityinterests.

Appears in 1 contract

Samples: Common Terms Agreement (Sedibelo Resources LTD)

Legal and beneficial ownership. It is the sole absolute legal and beneficial owner of all the assets over which it purports to grant the Transaction create Security pursuant to any Security Document, free from any claims, third party rights or competing interests Security other than any Permitted Security.

Appears in 1 contract

Samples: Senior Term Facility Agreement (SemGroup Corp)

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