Common use of OWNERSHIP; TRANSFERABILITY Clause in Contracts

OWNERSHIP; TRANSFERABILITY. ClearBlue is the legal and beneficial owner of the NaviSite Shares, free and clear of any Encumbrance or restriction on transfer, other than (i) restrictions under the Act and (ii) restrictions reflected in a legend on the certificates representing the NaviSite Shares.

Appears in 3 contracts

Samples: Transaction Agreement (Navisite Inc), Stock Exchange Agreement (Navisite Inc), Transaction Agreement (Navisite Inc)

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OWNERSHIP; TRANSFERABILITY. ClearBlue is the legal and beneficial owner of the NaviSite Shares, free and clear of any Encumbrance or restriction on transfer, other than (i) restrictions under the Act and (ii) restrictions reflected in a legend on the certificates representing the NaviSite Shares. SECTION 4.3.

Appears in 1 contract

Samples: Transaction Agreement Transaction Agreement

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