Common use of Ownership of Clause in Contracts

Ownership of. “HWI”) Shares. The (“HWI”) Members are the legal and beneficial owners of 100% of (“HWI”) which members are set forth on Schedule I, free and clear of any claims, charges, equities, liens, security interests, and encumbrances whatsoever, and the (“HWI”) Members have full right, power, and authority to transfer, assign, convey, and deliver their respective (“HWI”) Membership Units and delivery of such Membership Units at the Closing will convey to IVTW good and marketable title to such units free and clear of any claims, charges, equities, liens, security interests, and encumbrances except for any such claims, charges, equities, liens, security interests, and encumbrances arising out of such shares being held by IVTW.