Ownership of the Loan Sample Clauses

Ownership of the Loan. HTI is, or will be at the Closing, the sole owner of the right to the portion of the Loan representing the Conversion Amount. No other party has any right to payment for the Conversion Amount or to receive the benefits therefrom.
Sample 1
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Ownership of the Loan. The Holder is the legal and beneficial owner of the Loan. The Holder paid for the Loan, and has continuously held the Loan since its issuance or purchase. The Holder, individually or through an affiliate, owns the Loan outright and free and clear of any options, contracts, agreements, liens, security interests, or other encumbrances.
Sample 1
Ownership of the Loan. Principal is, or upon execution of the Loan Documents will be, the owner of the Loan and the Loan Documents, and has the right to offer and sell to Participant the Participating Interest. Exhibit A attached hereto identifies all Loan Documents and, through and including the date hereof, the Loan Documents, if signed, have not been amended or modified in any respect.
Sample 1
Ownership of the Loan. As of the Closing, ACC shall be the owner of the Loan with good and valid title thereto, free and clear of any mortgages, liens, security interests, claims and other encumbrances and upon transfer to the Company under the SPA the Loan will be free and clear of any mortgages, liens, security interests, claims and other encumbrances. The Loan will constitute a legal, valid and binding obligation of CTC enforceable against it in accordance with the terms thereof, and all Government Approvals in connection with the making, assignment and repayment of the Loan have been, or by the Closing will be, obtained and in full force and effect.
Sample 1
Ownership of the Loan. The Investor is a lender to the Company, and no person has the right to receive the principal or accrued interest on the Loan other than the Investor. The Investor has good, valid and marketable title to said Loan (including accrued interest thereon), free and clear of all liens, mortgages, charges or other encumbrances and any preemptive or subscription rights, and has not assigned or otherwise transferred or granted any interest in the Loan to any third party.
Sample 1
Ownership of the Loan. As of the Closing, the Purchaser shall be the owner of the Loan with good and valid title thereto, free and clear of any mortgages, liens, security interests, claims and other encumbrances and upon assignment to the Company hereunder the Loan will be free and clear of any mortgages, liens, security interests, claims and other encumbrances. The Loan will constitute a legal, valid and binding obligation of CTC enforceable against it in accordance with the terms thereof, and all Government Approvals in connection with the making, assignment and repayment of the Loan have been, or by the Closing will be, obtained and in full force and effect. The total outstanding principal amount of the Loan is not less than $9,838,281.08. No part of the Loan has been paid and the Purchaser has received no notice and is not otherwise aware of any defense to the Loan.
Sample 1

Related to Ownership of the Loan

  • Ownership of the Borrower One hundred percent (100%) of the outstanding equity interests of the Borrower is and will be directly owned (both beneficially and of record) by the Equityholder. All such equity interests are and will be validly issued, and there are no options, warrants or other rights to acquire shares or other equity rights in the Borrower.

  • Ownership of the Trust On the Startup Day the ownership interests in the Trust shall be transferred as set forth in Section 4.02 hereof, such transfer to be evidenced by sale of the Certificates as described therein. Thereafter, transfer of any ownership interest shall be governed by Sections 5.04 and 5.08 hereof.

  • Ownership of the Property Borrower shall take all necessary action to retain title to the Property and the related Collateral irrevocably in Borrower, free and clear of any Liens other than Permitted Liens. Borrower shall warrant and defend the title to the Property and every part thereof, subject only to Permitted Liens, in each case against the claims of all Persons whomsoever.

  • Ownership of the Leased Property Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the possession and use of the Leased Property upon the terms and conditions of this Lease.

  • Ownership of Borrower Schedule 5.3 sets forth the direct and indirect owners of Borrower (but not any owners, direct or indirect, of KBS REIT) and the owners’ respective ownership percentages therein, and there are no other ownership interests outstanding. Except as set forth or referred to in the organizational documents of Borrower, no ownership interest (or any securities, instruments, warrants, option or purchase rights, conversion or exchange rights, calls, commitments or claims of any character convertible into or exercisable for any ownership interest) of any such Person is subject to issuance under any security, instrument, warrant, option or purchase rights, conversion or exchange rights, call, commitment or claim of any right, title or interest therein or thereto. All of the ownership interests in Borrower have been issued in compliance with all applicable Requirements of Law.

  • Ownership of the Obligors An Obligor (other than the Company) is not or ceases to be a Subsidiary of the Company.

  • Ownership of the Shares Seller is the owner, beneficially and of record, of the Shares being transferred pursuant to this Agreement free and clear of all liens, charges, claims, encumbrances, security interests, equities, restrictions on transfer or other defects in title of any kind or description.

  • OWNERSHIP OF THE ASSETS LNY will have exclusive and absolute ownership and control of its assets, including all assets in the Variable Account.

  • Ownership of the Sponsor Units The Company owns, directly or indirectly, 11,645,659 Common Units (the “Sponsor Units”); the Sponsor Units are owned free and clear of all Liens (except restrictions on transferability and other Liens as described in the Disclosure Package and the Prospectus or arising under the Holdco Credit Agreement or the TRI Credit Agreement). For purposes hereof, “Common Units” shall mean common units representing limited partner interests in the Partnership.

  • Ownership of Interests The Interest Owners are the owners of all of the Interests, each owning the percentage set forth in Item 2(a) of Schedule 1, and have good and valid title thereto, with no restrictions on, or any agreements with respect to, voting rights or any other incidents of ownership thereof, except as set forth in the Company’s Organizational Documents. The Interests represent one hundred percent (100%) of the record and beneficial interests in the Company and all other right, title and interest in and to the equity of the Company. The Interest Owners have the absolute right to sell and transfer all of the Interests to Buyer free and clear of all Interest Liens. Each Interest Owner acquired its Interest in compliance with all applicable laws. On consummation of the Contemplated Transactions, in accordance with the terms hereof, Buyer will acquire good and marketable title to the Interests free and clear of all Interest Liens.

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