Legal and beneficial ownership. Each Obligor is the sole legal and beneficial owner of the assets over which it purports to grant Security pursuant to the Security Documents.
Appears in 2 contracts
Samples: Borrowing Base Facility Agreement (MIE Holdings Corp), Shares Purchase Agreement (MIE Holdings Corp)
Legal and beneficial ownership. Each Obligor is the sole legal and beneficial owner of the respective assets over which it purports to grant a Security pursuant to Interest under the Security Documents.
Appears in 2 contracts
Samples: Facility Agreement (Teekay Tankers Ltd.), Facility Agreement (Teekay Tankers Ltd.)
Legal and beneficial ownership. Each Obligor is the sole legal and beneficial owner of the assets over which it purports to grant Security pursuant to the Security Documents.Security
Appears in 1 contract
Samples: Multicurrency Facility Agreement (Gulfmark Offshore Inc)
Legal and beneficial ownership. Each Obligor and each Security Provider is the sole legal and beneficial owner of the assets of:
(a) any material assets; and
(b) any shares in a Subsidiary, over which it purports to grant Security pursuant to the Transaction Security DocumentsDocuments to which it is a party.
Appears in 1 contract
Samples: Term Loan Facility Agreement (Amc Entertainment Holdings, Inc.)
Legal and beneficial ownership. Each Obligor is the sole legal and beneficial owner of the respective assets over which it purports to grant Security pursuant to the Security DocumentsSecurity.
Appears in 1 contract
Legal and beneficial ownership. Each Subject to the Security under the Security Documents, each Obligor is the sole legal and beneficial owner of the respective assets over which it purports to grant Security pursuant to the Security DocumentsTrustee.
Appears in 1 contract
Samples: Term Facility Agreement (Tongjitang Chinese Medicines Co)
