Common use of Ownership of Kraft Shares Clause in Contracts

Ownership of Kraft Shares. The issued and outstanding share capital of Kraft will on Closing consist of 5,000 shares, each with HUF 10,000 par value, each ordinary registered shares (equivalent to common stock under Delaware law) (being the Kraft Shares), which shares on Closing shall be validly issued and outstanding as fully paid and non-assessable shares. The Kraft Shareholders will be at Closing the registered and beneficial owners of the 5,000 Kraft Shares. The Kraft Shares owned by the Kraft Shareholders will on Closing be free and clear of any and all liens, charges, pledges, encumbrances, restrictions on transfer and adverse claims whatsoever;