{"component": "clause", "props": {"groups": [{"snippet": "The Seller owns, directly or indirectly, beneficially and of record the Membership Interests. At Closing, the Seller shall transfer good and valid title to such Membership Interests, free and clear of all Liens (other than Liens arising under applicable securities Laws), and upon such delivery, the Buyer will be the sole and lawful owner, beneficially and of record, of such Membership Interests. Except as set forth in the Organizational Documents of the APT Entities and the Minority-Interest Entities, there are no voting agreements, voting trusts, shareholder agreements, proxies or other similar agreements or understandings with respect to such Membership Interests or which restrict or grant any right, preference or privilege with respect to the transfer of such Membership Interests. Except as set forth in the Target\u2019s Organizational Documents, there are no outstanding contractual obligations of the Seller to provide funds to, or make any investment (in the form of a loan, capital contribution or otherwise) in, the Target.", "samples": [{"hash": "6OpJOR83SNx", "uri": "/contracts/6OpJOR83SNx#ownership-of-the-membership-interests", "label": "Membership Interest Purchase Agreement (TerraForm Power, Inc.)", "score": 26.4565366188, "published": true}, {"hash": "bdC3692Zu5J", "uri": "/contracts/bdC3692Zu5J#ownership-of-the-membership-interests", "label": "Membership Interest Purchase Agreement (Atlantic Power Corp)", "score": 26.3442847365, "published": true}], "snippet_links": [{"key": "directly-or-indirectly", "type": "clause", "offset": [17, 39]}, {"key": "of-record", "type": "definition", "offset": [58, 67]}, {"key": "the-membership-interests", "type": "clause", "offset": [68, 92]}, {"key": "at-closing", "type": "clause", "offset": [94, 104]}, {"key": "the-seller-shall", "type": "clause", "offset": [106, 122]}, {"key": "title-to", "type": "clause", "offset": [147, 155]}, {"key": "free-and-clear", "type": "clause", "offset": [183, 197]}, {"key": "applicable-securities-laws", "type": "definition", "offset": [243, 269]}, {"key": "the-buyer-will", "type": "clause", "offset": [296, 310]}, {"key": "lawful-owner", "type": "clause", "offset": [327, 339]}, {"key": "documents-of", "type": "clause", "offset": [441, 453]}, {"key": "no-voting-agreements", "type": "clause", "offset": [517, 537]}, {"key": "voting-trusts", "type": "clause", "offset": [539, 552]}, {"key": "shareholder-agreements", "type": "definition", "offset": [554, 576]}, {"key": "similar-agreements", "type": "definition", "offset": [595, 613]}, {"key": "with-respect-to", "type": "clause", "offset": [632, 647]}, {"key": "transfer-of", "type": "definition", "offset": [756, 767]}, {"key": "the-target", "type": "clause", "offset": [818, 828]}, {"key": "obligations-of-the-seller", "type": "clause", "offset": [894, 919]}, {"key": "provide-funds", "type": "clause", "offset": [923, 936]}, {"key": "form-of", "type": "definition", "offset": [972, 979]}, {"key": "a-loan", "type": "definition", "offset": [980, 986]}, {"key": "capital-contribution", "type": "definition", "offset": [988, 1008]}], "size": 2, "hash": "65aefa7a60800f6bbafe305ca01023b6", "id": 1}, {"snippet": "(a) The Existing Member owns the Membership Interests beneficially and of record, free and clear of all Liens, other than as may be set forth in the Company\u2019s Organizational Documents or those arising from restrictions on the sale of securities under applicable securities Laws. The Membership Interests held by the Existing Member constitute one hundred percent (100%) of the issued and outstanding Equity Interests of the Company. The consummation of the transactions contemplated by this Agreement will convey to the New Member good and valid title to the New Member Interests, free and clear of all Liens, except for those created by the New Member, contained in the Company\u2019s Organizational Documents, or those arising from restrictions on the sale of securities under applicable securities Laws.\n(b) Except for this Agreement, the Existing Member is not a party to any (i) option, warrant, purchase right or other Contract or commitment obligating the Existing Member to sell, transfer, or otherwise dispose of Equity Interests in the Company, or (ii) voting trust, proxy, or other Contract, agreement or understanding with respect to the voting of Equity Interests in the Company.", "samples": [{"hash": "bwJ09aRijVx", "uri": "/contracts/bwJ09aRijVx#ownership-of-the-membership-interests", "label": "Membership Interest Purchase Agreement (LyondellBasell Industries N.V.)", "score": 31.7515400411, "published": true}, {"hash": "a7bNBZSDw9E", "uri": "/contracts/a7bNBZSDw9E#ownership-of-the-membership-interests", "label": "Membership Interest Purchase Agreement", "score": 31.5973656038, "published": true}], "snippet_links": [{"key": "existing-member", "type": "definition", "offset": [8, 23]}, {"key": "the-membership-interests", "type": "clause", "offset": [29, 53]}, {"key": "of-record", "type": "definition", "offset": [71, 80]}, {"key": "free-and-clear", "type": "clause", "offset": [82, 96]}, {"key": "organizational-documents", "type": "clause", "offset": [159, 183]}, {"key": "restrictions-on", "type": "clause", "offset": [206, 221]}, {"key": "sale-of-securities", "type": "definition", "offset": [226, 244]}, {"key": "applicable-securities-laws", "type": "definition", "offset": [251, 277]}, {"key": "equity-interests-of-the-company", "type": "clause", "offset": [400, 431]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [453, 500]}, {"key": "title-to-the", "type": "clause", "offset": [546, 558]}, {"key": "new-member-interests", "type": "definition", "offset": [559, 579]}, {"key": "created-by", "type": "definition", "offset": [627, 637]}, {"key": "contained-in", "type": "definition", "offset": [654, 666]}, {"key": "a-party", "type": "clause", "offset": [860, 867]}, {"key": "purchase-right", "type": "definition", "offset": [896, 910]}, {"key": "other-contract", "type": "definition", "offset": [914, 928]}, {"key": "to-sell", "type": "clause", "offset": [974, 981]}, {"key": "otherwise-dispose-of", "type": "definition", "offset": [996, 1016]}, {"key": "interests-in-the-company", "type": "clause", "offset": [1024, 1048]}, {"key": "voting-trust", "type": "clause", "offset": [1058, 1070]}, {"key": "agreement-or", "type": "definition", "offset": [1098, 1110]}, {"key": "with-respect-to", "type": "clause", "offset": [1125, 1140]}, {"key": "the-voting", "type": "clause", "offset": [1141, 1151]}], "size": 2, "hash": "410576b1e04ce8ec08f2a7d25c72c44c", "id": 2}, {"snippet": "AH LLC owns all of the AH LLC Membership Interests without Encumbrance thereon. There are no Contribution Agreement outstanding subscriptions, options, warrants, calls, rights or convertible or exchangeable securities or any other agreements or other instruments giving any Person the right to acquire the AH LLC Membership Interests or any other Equity Interests in the Venture or any of its subsidiaries, or giving any Person any right or privilege (whether pre-emptive or contractual) capable of becoming an agreement or option to acquire such shares or Equity Interests. There are no outstanding or authorized share appreciation, phantom share, profit participation, or similar rights for which the Venture or any of its subsidiaries has any liability. There are no voting trusts, proxies or other agreements or understandings with respect to the voting of any Equity Interests of the Venture or any of its subsidiaries. There are no issued or outstanding bonds, indentures, notes or other Indebtedness having the right to vote (or convertible into securities that have the right to vote) on any matters on which the members of AH LLC, the Venture or any of their respective subsidiaries may vote. Immediately following the Closing, the OP shall have ownership of the AH LLC Membership Interests, free and clear of all Encumbrances of any nature whatsoever, other than those imposed by law, or contemplated by this Agreement.", "samples": [{"hash": "4gF9Jq95RSX", "uri": "/contracts/4gF9Jq95RSX#ownership-of-the-membership-interests", "label": "Contribution Agreement (American Homes 4 Rent)", "score": 24.4798083504, "published": true}], "snippet_links": [{"key": "ah-llc", "type": "definition", "offset": [0, 6]}, {"key": "llc-membership-interests", "type": "clause", "offset": [26, 50]}, {"key": "contribution-agreement", "type": "definition", "offset": [93, 115]}, {"key": "exchangeable-securities", "type": "definition", "offset": [194, 217]}, {"key": "any-other-agreements", "type": "clause", "offset": [221, 241]}, {"key": "other-instruments", "type": "definition", "offset": [245, 262]}, {"key": "any-person", "type": "definition", "offset": [270, 280]}, {"key": "right-to-acquire", "type": "clause", "offset": [285, 301]}, {"key": "other-equity-interests", "type": "clause", "offset": [341, 363]}, {"key": "the-venture", "type": "clause", "offset": [367, 378]}, {"key": "capable-of", "type": "definition", "offset": [488, 498]}, {"key": "agreement-or", "type": "definition", "offset": [511, 523]}, {"key": "option-to-acquire", "type": "clause", "offset": [524, 541]}, {"key": "authorized-share", "type": "definition", "offset": [603, 619]}, {"key": "phantom-share", "type": "definition", "offset": [634, 647]}, {"key": "profit-participation", "type": "definition", "offset": [649, 669]}, {"key": "no-voting-trusts", "type": "clause", "offset": [767, 783]}, {"key": "other-agreements-or-understandings", "type": "clause", "offset": [796, 830]}, {"key": "with-respect-to", "type": "clause", "offset": [831, 846]}, {"key": "the-voting", "type": "clause", "offset": [847, 857]}, {"key": "outstanding-bonds", "type": "clause", "offset": [948, 965]}, {"key": "other-indebtedness", "type": "clause", "offset": [988, 1006]}, {"key": "the-right-to-vote", "type": "clause", "offset": [1014, 1031]}, {"key": "members-of", "type": "clause", "offset": [1121, 1131]}, {"key": "following-the-closing", "type": "clause", "offset": [1214, 1235]}, {"key": "ownership-of-the", "type": "clause", "offset": [1255, 1271]}, {"key": "free-and-clear", "type": "clause", "offset": [1301, 1315]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [1398, 1428]}], "size": 2, "hash": "093960696671280aec4f6169e46e04c5", "id": 3}, {"snippet": "Seller has good and valid title to all of the Membership Interests, all of which have been duly authorized and validly issued and are fully paid and nonassessable, and are owned beneficially and of record by Seller, free and clear of all Liens, except for any restrictions which may be created by operation of state or federal securities Laws. No Person other than Seller has any claim or interest in or to any of the Membership Interests. Upon consummation of the transactions contemplated by this Agreement and registration of the Membership Interests in the name of Buyer in the records of the Company, Seller, assuming Buyer shall have purchased the Membership Interests for value in good faith and without notice of any adverse claim, will transfer to Buyer all the issued and outstanding equity of the Company free and clear of all Liens. Upon consummation of the transactions contemplated by this Agreement, the Membership Interests will be fully paid and nonassessable. There are no voting trusts, member agreements, proxies or other agreements or understandings in effect with respect to the voting or transfer of any of the Membership Interests. Seller has not issued to any Person, other than a Holder, any equity interests in Seller (including any options, warrants or other securities or rights which are convertible into or exercisable for membership or other equity interests in Seller).", "samples": [{"hash": "5THmk5eamqX", "uri": "/contracts/5THmk5eamqX#ownership-of-the-membership-interests", "label": "Securities Purchase Agreement (Debt Resolve Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "title-to-all", "type": "clause", "offset": [26, 38]}, {"key": "the-membership-interests", "type": "clause", "offset": [42, 66]}, {"key": "duly-authorized-and-validly-issued", "type": "clause", "offset": [91, 125]}, {"key": "fully-paid-and-nonassessable", "type": "clause", "offset": [134, 162]}, {"key": "of-record", "type": "definition", "offset": [195, 204]}, {"key": "by-seller", "type": "clause", "offset": [205, 214]}, {"key": "free-and-clear", "type": "clause", "offset": [216, 230]}, {"key": "created-by", "type": "definition", "offset": [286, 296]}, {"key": "operation-of", "type": "clause", "offset": [297, 309]}, {"key": "federal-securities-laws", "type": "clause", "offset": [319, 342]}, {"key": "no-person", "type": "clause", "offset": [344, 353]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [461, 508]}, {"key": "registration-of-the", "type": "clause", "offset": [513, 532]}, {"key": "name-of-buyer", "type": "clause", "offset": [561, 574]}, {"key": "records-of-the-company", "type": "clause", "offset": [582, 604]}, {"key": "buyer-shall", "type": "clause", "offset": [623, 634]}, {"key": "for-value", "type": "definition", "offset": [675, 684]}, {"key": "in-good-faith", "type": "definition", "offset": [685, 698]}, {"key": "notice-of-any", "type": "clause", "offset": [711, 724]}, {"key": "adverse-claim", "type": "definition", "offset": [725, 738]}, {"key": "to-buyer", "type": "definition", "offset": [754, 762]}, {"key": "equity-of-the-company", "type": "definition", "offset": [794, 815]}, {"key": "no-voting-trusts", "type": "clause", "offset": [988, 1004]}, {"key": "member-agreements", "type": "clause", "offset": [1006, 1023]}, {"key": "other-agreements-or-understandings", "type": "clause", "offset": [1036, 1070]}, {"key": "in-effect", "type": "definition", "offset": [1071, 1080]}, {"key": "with-respect-to", "type": "clause", "offset": [1081, 1096]}, {"key": "the-voting", "type": "clause", "offset": [1097, 1107]}, {"key": "transfer-of", "type": "definition", "offset": [1111, 1122]}, {"key": "issued-to", "type": "definition", "offset": [1171, 1180]}, {"key": "any-person", "type": "definition", "offset": [1181, 1191]}, {"key": "a-holder", "type": "definition", "offset": [1204, 1212]}, {"key": "interests-in-seller", "type": "clause", "offset": [1225, 1244]}, {"key": "other-securities", "type": "definition", "offset": [1281, 1297]}, {"key": "other-equity-interests", "type": "clause", "offset": [1368, 1390]}], "size": 2, "hash": "57c4ea1082607e8140f2fc780b42fac4", "id": 4}, {"snippet": "The Seller hereby represents and warrants to the Purchaser that such Seller is the true and lawful registered holder and beneficial owner of the Membership Interests, all of which are free and clear of all Encumbrances. Upon consummation of the Acquisition, the Purchaser will receive good and valid title to the Membership Interests, free and clear of all Encumbrances. Other than the rights and obligations arising under this Agreement, none of the Membership Interests is subject to any rights of any other Person to acquire the same. The Seller is not a party to any option, warrant, purchase right, or other contract or commitment that could require it to sell, transfer, or otherwise dispose of the Membership Interests (other than pursuant to this Agreement) nor is it a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any of the Membership Interests.", "samples": [{"hash": "1x2oXFmJVk6", "uri": "/contracts/1x2oXFmJVk6#ownership-of-the-membership-interests", "label": "Securities Purchase Agreement (Digital Power Corp)", "score": 28.6030116359, "published": true}], "snippet_links": [{"key": "registered-holder", "type": "definition", "offset": [99, 116]}, {"key": "and-beneficial-owner", "type": "definition", "offset": [117, 137]}, {"key": "free-and-clear", "type": "clause", "offset": [184, 198]}, {"key": "consummation-of-the-acquisition", "type": "clause", "offset": [225, 256]}, {"key": "the-purchaser-will", "type": "clause", "offset": [258, 276]}, {"key": "title-to-the-membership-interests", "type": "clause", "offset": [300, 333]}, {"key": "the-rights-and-obligations", "type": "clause", "offset": [382, 408]}, {"key": "arising-under-this-agreement", "type": "definition", "offset": [409, 437]}, {"key": "subject-to", "type": "definition", "offset": [475, 485]}, {"key": "rights-of", "type": "definition", "offset": [490, 499]}, {"key": "any-other-person", "type": "definition", "offset": [500, 516]}, {"key": "to-acquire", "type": "definition", "offset": [517, 527]}, {"key": "a-party", "type": "clause", "offset": [556, 563]}, {"key": "purchase-right", "type": "definition", "offset": [588, 602]}, {"key": "other-contract", "type": "definition", "offset": [607, 621]}, {"key": "to-sell", "type": "clause", "offset": [658, 665]}, {"key": "otherwise-dispose-of", "type": "definition", "offset": [680, 700]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [738, 764]}, {"key": "voting-trust", "type": "clause", "offset": [791, 803]}, {"key": "agreement-or", "type": "definition", "offset": [821, 833]}, {"key": "with-respect-to", "type": "clause", "offset": [848, 863]}, {"key": "the-voting", "type": "clause", "offset": [864, 874]}], "size": 1, "hash": "6e381578bdedd797a19eb3ddb1e194ab", "id": 5}, {"snippet": "To the actual knowledge of each Seller, without due inquiry, the Membership Interests (together with all membership interests of the Company held directly or indirectly by Prime) constitute all of the membership interests of the Company, and there does not exist any securities, warrants, options, or other rights that are exchangeable or exercisable for, or convertible into, any membership interests of the Company. Upon consummation of the transactions contemplated by this Agreement, the Sellers shall not, directly or indirectly, own any Membership Interests. Further, transfer of Membership Interests hereunder to Purchaser shall be made free and clear of any and all liens, claims and encumbrances.", "samples": [{"hash": "7WEDY0dJvpX", "uri": "/contracts/7WEDY0dJvpX#ownership-of-the-membership-interests", "label": "Purchase Agreement (Prime Medical Services Inc /Tx/)", "score": 16.0, "published": true}], "snippet_links": [{"key": "knowledge-of", "type": "clause", "offset": [14, 26]}, {"key": "each-seller", "type": "clause", "offset": [27, 38]}, {"key": "due-inquiry", "type": "definition", "offset": [48, 59]}, {"key": "the-membership-interests", "type": "clause", "offset": [61, 85]}, {"key": "membership-interests-of-the-company", "type": "clause", "offset": [105, 140]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [146, 168]}, {"key": "other-rights", "type": "definition", "offset": [301, 313]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [439, 486]}, {"key": "the-sellers", "type": "clause", "offset": [488, 499]}, {"key": "transfer-of-membership-interests", "type": "clause", "offset": [574, 606]}, {"key": "to-purchaser", "type": "definition", "offset": [617, 629]}, {"key": "free-and-clear", "type": "clause", "offset": [644, 658]}, {"key": "claims-and-encumbrances", "type": "clause", "offset": [681, 704]}], "size": 1, "hash": "032bcf82036c3c9794cb930e0c778ca2", "id": 6}, {"snippet": "Immediately following the Closing, the OP shall have ownership of the Membership Interests, free and clear of all mortgages, liens, pledges, charges, claims, security interests, agreements, and encumbrances of any nature whatsoever, other than those imposed by law, or contemplated by this Agreement or those that result from action by the OP.", "samples": [{"hash": "jtDtSYQmtyC", "uri": "/contracts/jtDtSYQmtyC#ownership-of-the-membership-interests", "label": "Contribution Agreement (American Homes 4 Rent)", "score": 24.4798083504, "published": true}], "snippet_links": [{"key": "following-the-closing", "type": "clause", "offset": [12, 33]}, {"key": "free-and-clear", "type": "clause", "offset": [92, 106]}, {"key": "security-interests", "type": "clause", "offset": [158, 176]}, {"key": "agreement-or", "type": "definition", "offset": [290, 302]}, {"key": "action-by-the", "type": "clause", "offset": [326, 339]}], "size": 1, "hash": "1223b44c00b8283bcfd66c48f58aba31", "id": 7}, {"snippet": "VCGH owns, beneficially and of record, all of the Membership Interests of the Company free and clear of any liens, claims, equities, charges, options, rights of first refusal, or encumbrances.", "samples": [{"hash": "3dB8s347Hs8", "uri": "/contracts/3dB8s347Hs8#ownership-of-the-membership-interests", "label": "Asset Purchase Agreement (VCG Holding Corp)", "score": 19.5448323066, "published": true}], "snippet_links": [{"key": "of-record", "type": "definition", "offset": [28, 37]}, {"key": "membership-interests-of-the-company", "type": "clause", "offset": [50, 85]}, {"key": "free-and-clear", "type": "clause", "offset": [86, 100]}, {"key": "rights-of-first-refusal", "type": "definition", "offset": [151, 174]}], "size": 1, "hash": "89ffcb3f97cf98a10f0ddf156b1b5be0", "id": 8}, {"snippet": "All of the Membership Interests (as defined in Section 5.04), owned by Seller are, or as of the Closing Date will be, owned free and clear of any Liens.", "samples": [{"hash": "kgSnnzBfSw4", "uri": "/contracts/kgSnnzBfSw4#ownership-of-the-membership-interests", "label": "Purchase Agreement (Keyspan Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-membership-interests", "type": "clause", "offset": [7, 31]}, {"key": "defined-in-section", "type": "clause", "offset": [36, 54]}, {"key": "by-seller", "type": "clause", "offset": [68, 77]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [86, 108]}, {"key": "free-and-clear", "type": "clause", "offset": [124, 138]}], "size": 1, "hash": "1cc4e43ad62284afc51586bee7496c31", "id": 9}, {"snippet": "The APFC Member owns all of the APFC Membership Interests without Encumbrance thereon. There are no outstanding subscriptions, options, warrants, calls, rights or convertible or exchangeable securities or any other agreements or other instruments giving any Person the right to acquire any of the APFC Membership Interests, or giving any Person any right or privilege (whether pre-emptive or contractual) capable of becoming an agreement or option to acquire such APFC Membership Interests. There are no voting trusts, proxies or other agreements or understandings to which the APFC Member is party with respect to the voting of any Equity Interests of the Venture or any of its subsidiaries. Immediately following the Closing, and assuming the consent of AH LLC to the transfer of the APFC Membership Interests, the OP shall have ownership of the APFC Membership Interests, free and clear of all Encumbrances of any nature whatsoever, other than those imposed by law, or contemplated by this Agreement. 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