Common use of Ownership of Membership Interest Clause in Contracts

Ownership of Membership Interest. The Selling Members own all of the Membership Interests, free and clear of all liens, claims, rights, charges, encumbrances, and security interests of whatsoever nature or type and the individual ownership of each Selling Member is as set forth on Schedule 1 hereto.

Appears in 3 contracts

Samples: Membership Interests Purchase Agreement (Marine Drive Mobile Corp.), Membership Interests Purchase Agreement (Marine Drive Mobile Corp.), Membership Interests Purchase Agreement (Marine Drive Mobile Corp.)

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Ownership of Membership Interest. The Selling Members own Member owns all of the Membership InterestsInterest, free and clear of all liens, claims, rights, charges, encumbrances, and security interests of whatsoever nature or type and the individual ownership of each Selling Member is as set forth on Schedule 1 heretotype.

Appears in 2 contracts

Samples: Exchange Agreement (Tiger Oil & Energy, Inc.), Exchange Agreement (Utec, Inc.)

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