Common use of Ownership of Seller's Shares Clause in Contracts

Ownership of Seller's Shares. The Seller is the record and beneficial owner of all of the Seller's Shares, except to the extent a portion of the Seller's Shares (i) is held by the Trustee under the Investor Trust Agreement or (ii) has been transferred pursuant to the terms hereof. On the Closing Date, the Seller will own the Seller's Shares free and clear of all liens and encumbrances that would 483742.01-New York S4A 17 prohibit the sale thereof. On each of the Subsequent Closing Dates, CEMEX (or its nominee or designee) will acquire good and marketable title to the Number of Shares purchased by it on such date free and clear of all liens and encumbrances.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cemex Sa De Cv)

AutoNDA by SimpleDocs

Ownership of Seller's Shares. The Seller is the record and beneficial owner of all of the Seller's Shares, except to the extent a portion of the Seller's Shares (i) is held by the Trustee under the Investor Trust Agreement or (ii) has been transferred pursuant to the terms hereof. On the Closing Date, the Seller 483745.01-New York S4A 17 will own the Seller's Shares free and clear of all liens and encumbrances that would 483742.01-New York S4A 17 prohibit the sale thereof. On each of the Subsequent Closing Dates, CEMEX (or its nominee or designee) will acquire good and marketable title to the Number of Shares purchased by it on such date free and clear of all liens and encumbrances.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cemex Sa De Cv)

Ownership of Seller's Shares. The Seller is the record and beneficial owner of all of the Seller's Shares, except to the extent a portion of the Seller's Shares (i) is held by the Trustee under the Investor Trust Agreement or (ii) has been transferred pursuant to the terms hereof. On the Closing Date, the Seller will own the Seller's Shares free and clear of all liens and encumbrances that would 483742.01483741.01-New York S4A 17 prohibit the sale thereof. On each of the Subsequent Closing Dates, CEMEX (or its nominee or designee) will acquire good and marketable title to the Number of Shares purchased by it on such date free and clear of all liens and encumbrances.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cemex Sa De Cv)

AutoNDA by SimpleDocs

Ownership of Seller's Shares. The Seller is the record and beneficial owner of all of the Seller's Shares, except to the extent a portion of the Seller's Shares (i) is held by the Trustee under the Investor Trust Agreement or (ii) has been transferred pursuant to the terms hereof. On the Closing Date, the Seller will own the Seller's Shares free and clear of all liens and encumbrances that would 483742.01483744.01-New York S4A 17 prohibit the sale thereof. On each of the Subsequent Closing Dates, CEMEX (or its nominee or designee) will acquire good and marketable title to the Number of Shares purchased by it on such date free and clear of all liens and encumbrances.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cemex Sa De Cv)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!