Common use of Ownership of the Debt Clause in Contracts

Ownership of the Debt. The Holder is the sole owner of the Debt and has good and marketable title to such Debt, free and clear of any title defect, objection, security interest, pledge, encumbrance, lien, charge, claim, option, preferential arrangement or restriction of any kind, including, but not limited to, any restriction on the transfer or other exercise of any attributes of ownership (collectively, “Liens”). Neither the Holder nor his affiliates has any interest, directly or indirectly, in any other equity in XxXxx or InovaChem or its respective affiliates, or has any other direct or indirect interest in any tangible or intangible property of XxXxx or InovaChem, or has any direct or indirect outstanding indebtedness to or from either XxXxx or InovaChem, or related, directly or indirectly, to its respective assets, other than as set forth on Schedule A annexed hereto. Upon consummation of the transactions contemplated by this Agreement, the Holder shall have no direct or indirect interest in either XxXxx or InovaChem, other than as expressly provided for herein.

Ownership of the Debt. The Holder is the sole owner of the Debt and has good and marketable title to such Debt, free and clear of any title defect, objection, security interest, pledge, encumbrance, lien, charge, claim, option, preferential arrangement or restriction of any kind, including, but not limited to, any restriction on the transfer or other exercise of any attributes of ownership (collectively, “Liens”). Neither the Holder nor his her affiliates has any interest, directly or indirectly, in any other equity in XxXxx or InovaChem or its respective affiliates, or has any other direct or indirect interest in any tangible or intangible property of XxXxx or InovaChem, or has any direct or indirect outstanding indebtedness to or from either XxXxx or InovaChem, or related, directly or indirectly, to its respective assets, other than as set forth on Schedule A annexed hereto. Upon consummation of the transactions contemplated by this Agreement, the Holder shall have no direct or indirect interest in either XxXxx or InovaChem, other than as expressly provided for herein.