Common use of Ownership of Subject Securities Clause in Contracts

Ownership of Subject Securities. The Shareholder is the sole registered and/or beneficial owner of the Subject Securities with good and marketable title thereto free and clear of any Liens of any kind whatsoever. Neither the Shareholder nor any of its affiliates owns or has any interest in or exercises control or direction over any other securities of the Company or any of its affiliates. The Shareholder is and will be immediately prior to the Effective Date, the sole registered and/or beneficial owner of the Subject Securities, with good and marketable title thereto, free and clear of any and all Liens of any kind whatsoever.

Ownership of Subject Securities. The Shareholder is the sole registered and/or beneficial owner of the Subject Securities with good and marketable title thereto free and clear of any Liens of any kind whatsoeverSecurities. Neither the The Shareholder nor any of its affiliates owns does not directly or has any interest in or exercises indirectly control or direction over direct, or own or have any registered or beneficial interest in, any other securities of the Company or any of its affiliatesCompany. The Shareholder or any Person named in Schedule “A” is and will be immediately prior to the Effective DateTime, the sole registered and/or beneficial owner of the Subject Securities, with good and marketable title thereto, free and clear of any and all Liens of any kind whatsoeverLiens.