Common use of Ownership of Partnership Interests Clause in Contracts

Ownership of Partnership Interests. (a) Seller is the sole legal, beneficial, record and equitable owner of 24% of the issued and outstanding partnership interests of the Partnership (the “Partnership Interests”), free and clear of all Encumbrances.

Appears in 2 contracts

Samples: Partnership Interest Purchase Agreement (SeD Intelligent Home Inc.), Partnership Interest Purchase Agreement (HF Enterprises Inc.)

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Ownership of Partnership Interests. (a) Seller is the sole legal, beneficial, record and equitable owner of 247% of the issued and outstanding partnership interests of the Partnership (the “Partnership Interests”), free and clear of all Encumbrances.

Appears in 2 contracts

Samples: Partnership Interest Purchase Agreement (HF Enterprises Inc.), Partnership Interest Purchase Agreement (SeD Intelligent Home Inc.)

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