Common use of Ownership of the Stock Clause in Contracts

Ownership of the Stock. Shareholders own, beneficially and of record, good and valid title to the Stock, which constitutes all of the issued and outstanding capital stock of the Corporation, free and clear of all security interests, liens, adverse claims, encumbrances, equities, proxies, options or shareholders' agreements. At the Closing, Shareholders will convey to Purchaser good and valid title to all of the issued and outstanding capital stock of the Corporation, free and clear of any security interests, liens, adverse claims, encumbrances, equities, proxies, options, shareholders' agreements or restrictions.

Appears in 1 contract

Samples: Stock Purchase Agreement (American Homestar Corp)

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Ownership of the Stock. Shareholders ownShareholder owns, beneficially and of record, good and valid marketable title to the Stock, which constitutes all of the issued and outstanding capital stock of the Corporation, free and clear of all security interests, liens, adverse claims, encumbrances, equities, proxies, options or shareholders' agreements, except for the Purchaser Pledge. At the Closing, Shareholders Shareholder will convey to Purchaser good and valid marketable title to all of the issued and outstanding capital stock of the Corporation, free and clear of any security interests, liens, adverse claims, encumbrances, equities, proxies, options, shareholders' agreements or restrictions, except for the Purchaser Pledge.

Appears in 1 contract

Samples: Stock Purchase Agreement (Boundless Motor Sports Racing Inc)

Ownership of the Stock. The Shareholders own, beneficially and of record, good and valid marketable title to the Stock, which constitutes all of the issued and outstanding capital stock of the Corporation, Corporation free and clear of all security interests, liens, adverse claims, encumbrances, equities, proxies, options or shareholders' shareholder agreements. At the Closing, the Shareholders will convey to Purchaser good and valid marketable title to all of the issued and outstanding capital stock of the Corporationstock, free and clear of any security interests, liens, adverse claims, encumbrances, equities, proxies, options, shareholders' shareholder agreements or other restrictions.

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Tca Cable Tv Inc)

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Ownership of the Stock. Shareholders ownShareholder owns, beneficially and of record, good and valid marketable title to the Stock, which constitutes all of the issued and outstanding capital stock of the Corporation, free and clear of all security interests, liens, adverse claims, encumbrances, equities, proxies, options or shareholders' agreements. At the Closing, Shareholders Shareholder will convey to Purchaser good and valid marketable title to all of the issued and outstanding capital stock of the Corporation, free and clear of any security interests, liens, adverse claims, encumbrances, equities, proxies, options, shareholders' agreements or restrictions.

Appears in 1 contract

Samples: Stock Purchase Agreement (Boundless Motor Sports Racing Inc)

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