Common use of Ownership of the Note Clause in Contracts

Ownership of the Note. The Holder is the legal and beneficial owner of the Note. The Holder paid for the Note, and has continuously held the Note since its issuance or purchase. The Holder, individually or through an affiliate, owns the Note outright and free and clear of any options, contracts, agreements, liens, security interests, or other encumbrances.

Appears in 4 contracts

Samples: Exchange Agreement (Rocky Mountain High Brands, Inc.), Exchange Agreement (Rocky Mountain High Brands, Inc.), Exchange Agreement (Rocky Mountain High Brands, Inc.)

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Ownership of the Note. The Holder is the legal and beneficial owner of the Note. The Holder paid for the Noteits Notes, and has continuously held the Note since its issuance or purchase. The Holder, individually or through an affiliate, owns the Note outright and free and clear of any options, contracts, agreements, liens, security interests, or all liens (other encumbrancesthan obligations pursuant to this Agreement).

Appears in 3 contracts

Samples: Exchange Agreement (ATRM Holdings, Inc.), Exchange Agreement (ATRM Holdings, Inc.), Exchange Agreement (Lone Star Value Management LLC)

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Ownership of the Note. The Holder is the legal and beneficial owner of the Note. The Holder paid for the Note, and has continuously held the Note since its issuance or purchase. The Holder, individually or through an affiliate, owns the Note outright and free and clear of any options, contracts, agreements, liens, security interests, or other encumbrances.

Appears in 1 contract

Samples: Exchange Agreement (Aytu Bioscience, Inc)

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