Legal and beneficial ownership. (a) It and each of its Restricted Subsidiaries is the sole legal and beneficial owner of the respective shares and other assets over which it purports to grant Security. (b) The Company is legally and beneficially owned by the Parent free from any claims, third party rights or competing interests other than any Permitted Liens.
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Samples: Senior Revolving Facility Agreement (Nord Anglia Education, Inc.), Amendment and Restatement Agreement (Nord Anglia Education, Inc.), Revolving Facility Agreement (Nord Anglia Education, Inc.)
Legal and beneficial ownership. (a) It and each of its Restricted Subsidiaries is the sole legal and beneficial owner of the respective shares shares, properties and other assets over which it purports to grant SecuritySecurity other than as a result of any Transaction Security or as expressly set out in the relevant Transaction Security Document.
(b) The Company is legally and beneficially owned by the Parent free from any claims, third party rights or competing interests other than any Permitted Liens.
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Samples: Notes Purchase Agreement (Membership Collective Group Inc.), Notes Purchase Agreement (Membership Collective Group Inc.)
Legal and beneficial ownership. (a) It and each of its Restricted Subsidiaries is the sole legal and beneficial owner of the respective shares and other assets over which it purports to grant Security.
(b) The Company is legally All the Target Shares are or will be on the Closing Date legally\ and beneficially owned by the Parent Company, free from any claims, third party rights or competing interests other than any Permitted LiensSecurity permitted under Clause 23.15 (Negative pledge).
Appears in 2 contracts
Samples: Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.)
Legal and beneficial ownership. (a) It and each of its Restricted Subsidiaries is the sole legal and beneficial owner of the respective shares and other assets over which it purports to grant Security.
(b) The Company is All the Target Shares are or will be on the first Utilisation Date legally and beneficially owned by the Parent Company, free from any claims, third party rights or competing interests other than any Permitted LiensSecurity permitted under Clause 23.14 (Negative pledge).
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Samples: Facilities Agreement (StarTek, Inc.)
Legal and beneficial ownership. (a) It and each of its Restricted Subsidiaries is the sole legal and beneficial owner of the respective shares and other assets over which it purports to grant Security.
(b) The Company is All the Shares acquired prior to the date of this Agreement are, and those acquired after the date of this Agreement will be, legally and beneficially owned by the Parent Borrower free from any claims, third party rights or competing interests other than any Permitted Liensinterests.
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Samples: Single Currency Term Facility Agreement (General Geophysics Co)
Legal and beneficial ownership. (a) It and each of its Restricted Subsidiaries is the sole legal and beneficial owner of the respective shares and other assets over which it purports to grant Security.
(b) The Company is All the Shares acquired prior to the date of this Agreement are, and those acquired after the date of this Agreement will be, legally and beneficially owned by the Parent Borrower and the Target free from any claims, third party rights or competing interests other than any Permitted Liensinterests.
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