Common use of Ownership of Guaranteed Income Edge; No Claims Relating to Guaranteed Income Edge Clause in Contracts

Ownership of Guaranteed Income Edge; No Claims Relating to Guaranteed Income Edge. Except as set forth in Section 9.01, PHLVIC and its Affiliates, as applicable, are the exclusive legal and beneficial owner of and have good and marketable title in and to the Guaranteed Income Edge and all intellectual property rights therein, free and clear of all pledges, claims, liens, charges, encumbrances and security interests of any kind or character, including any claims for infringement of intellectual property rights. For the purposes of this Section, intellectual property includes Guaranteed Income Edge forms, specimen forms, the features of the Guaranteed Income Edge, materials filed by any of the PHL Parties with State insurance regulators, and any other forms prepared by any of the PHL Parties or any of their Affiliates in connection with the Guaranteed Income Edge. There are no claims, actions, suits, investigations or proceedings (arbitration or otherwise) pending against, or to the knowledge of PHLVIC, threatened against or affecting, all or any part of the Guaranteed Income Edge or the transactions contemplated by any of the Transaction Documents.