Common use of Ownership of Membership Interests Clause in Contracts

Ownership of Membership Interests. (a) Seller is the legal beneficial owners of 100% of the Membership Interests, free and clear of any and all Liens.

Appears in 1 contract

Samples: Interest Purchase Agreement (Allegro Biodiesel Corp)

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Ownership of Membership Interests. (a) Seller is the legal beneficial owners of 100% sole legal, beneficial, record and equitable owner of the Membership Interests, free and clear of any all Encumbrances whatsoever other than those contained in the Amended and all LiensRestated Operating Agreement dated September 13, 2016 (the “LLC Agreement”).

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (TimefireVR Inc.)

Ownership of Membership Interests. (a) Seller is the legal beneficial owners of 100% lawful owner of the Membership Interests, free and clear of any all security interests, liens, encumbrances, equities and all Liensother charges.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Us Medsys Corp)

Ownership of Membership Interests. (a) Seller is the legal beneficial owners of 100% sole legal, beneficial, record and equitable owner of the Membership InterestsInterest, free and clear of any and all LiensEncumbrances whatsoever.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Sysorex, Inc.)

Ownership of Membership Interests. (a) Seller is the legal beneficial owners of 100% sole legal, beneficial, record, and equitable owner of the Membership InterestsInterests it is selling, free and clear of all Encumbrances whatsoever other than any restrictions imposed by the Existing Operating Agreements and all Liensis the sole member and sole managing member of each Management Company.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (MacKenzie Realty Capital, Inc.)

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Ownership of Membership Interests. (a) Seller is the legal beneficial owners of 100% sole legal, beneficial, record and equitable owner of the Membership Interests, free and clear of any and all LiensEncumbrances whatsoever other than the LLC Agreement.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Sugarfina Corp)

Ownership of Membership Interests. (a) Seller is the legal beneficial owners of 100% sole legal, beneficial, record, and equitable owner of the Membership Interests, free and clear of any and all LiensEncumbrances whatsoever, other than those set forth in the Company Organizational Documents.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Unifi Inc)

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