Common use of Ownership of the Shares Clause in Contracts

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 Shares. (a) The Seller is the ownerrecord and beneficial owner of the Shares. The Seller has good and valid title to the Shares and, beneficially upon the transfer of the Shares in accordance with this Agreement, the Buyer will receive good and of record, valid title to the portion of the Shares being transferred pursuant by the Seller to this Agreement the Buyer, free and clear of all liens, charges, claims, encumbrances, security interests, equities, Liens other than restrictions on transfer or other defects in title imposed by the laws of any kind foreign, state or descriptionlocal jurisdiction, applicable to Seller.

Ownership of the Shares. Seller is the owner, beneficially record and beneficial owner of record, all of the Shares being transferred pursuant to this Agreement free and clear of all liens, chargesencumbrances, purchase rights, claims, encumbrancespledges, mortgages, security interests, equities, restrictions on transfer or other defects in title limitations or restrictions whatsoever. Seller is not subject to, or a party to, any articles of incorporation or bylaw provisions, shareholder control agreements, buy-sell agreements, contracts, instruments or other restrictions of any kind or descriptioncharacter which directly or indirectly restrict or otherwise limit in any manner the voting, sale or other disposition of the Shares.

Ownership of the Shares. Seller is the owner, beneficially record and of record, beneficial owner of the Shares being of Common Stock of the Company set forth on the signature page hereto and to be transferred to the Buyer pursuant to this Agreement Agreement. All of the Shares to be delivered by the Seller are free and clear of all liensvoting trusts, chargesagreements, claimsarrangements, encumbrances, security interestsliens, equitiesclaims and liabilities of every nature, restrictions on transfer or other defects in and each Seller is conveying clear and unencumbered title of any kind or description.thereto to the Shares

Ownership of the Shares. Seller is the owner, beneficially sole and of record, exclusive record and beneficial owner of the Shares being transferred pursuant to this Agreement and owns the Shares free and clear of any and all lienssecurity interests, chargesagreements, restrictions, claims, encumbrancesliens, security interests, equities, restrictions on transfer or other defects in title pledges and encumbrances of any kind nature or descriptionkind. Seller has the sole right to sell and assign the Shares to Purchaser in accordance with the terms of this Agreement. The ownership and issued and outstanding stock of Subsidiaries is as stated in Paragraph A of the Explanatory Statement above. The Shares are fully paid and non-assessable.

Ownership of the Shares. Seller is the owner, beneficially lawful record and beneficial owner of record, all of the Shares being transferred pursuant to this Agreement Shares, free and clear of all liens, charges, claims, encumbrances, restrictions, security interests, equities, restrictions on transfer interests and rights or other defects in title interests of others of any kind kind, and there is no existing option, call, agreement or descriptioncommitment of any character relating to any of the Shares.

Ownership of the Shares. Seller is the owner, beneficially record and of record, beneficial owner of the Shares being transferred pursuant to this Agreement Shares, which are free and clear of all liens, charges, claims, encumbrancesany lien, security interestsinterest, equitiescharge, restrictions encumbrance or claim, and Seller has, or will have on the Closing Date, the right to transfer or other defects in to Buyer complete and encumbered legal and equitable title of any kind or descriptionto the shares.

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

Ownership of the Shares. Seller is the owner, beneficially registered legal and beneficial owner of record, of good and valid title to the Shares being transferred pursuant to this Agreement free and clear of all liens, charges, claims, encumbrances, security interests, equities, restrictions on transfer any Encumbrances. The Shares constitute the entirety of Seller’s equity interest in the Company and Seller holds no derivative securities or other defects rights for any equity interest in the Company except for any interest of Seller in the Company’s 1998 Stock Appreciation Plan. Upon payment of the purchase price therefor as provided in Section 2.2 of this Agreement, Buyer will acquire from Seller good and valid title to the Shares, free and clear of any kind or descriptionEncumbrances.

Ownership of the Shares. Seller is the owner, beneficially record and of record, beneficial owner of the Shares being transferred pursuant to this Agreement Shares, which are free and clear of all liens, charges, claims, encumbrancesany lien, security interestsinterest, equitiescharge, restrictions encumbrance or claim, and Seller has, or will have on the Closing Date, the right to transfer or other defects in to Buyer complete and encumbered legal and equitable title of any kind or descriptionto the Shares.