Common use of Purchaser Guarantees Clause in Contracts

Purchaser Guarantees. Purchaser guarantees to Seller the accuracy of the following statements. If not stated otherwise, the following statements refer in their individual guarantees to the day of signature of this Contract. 1. the statements of the preamble are true and valid 2. Purchaser’s shares are freely transferable, 3. Purchaser’s shares are free and clear of all restrictions on the ability to vote 4. Purchaser’s shares are not subject to claims, options, liens, charges and other encumbrances of any kind, and 5. Purchaser’s shares in GBS Enterprises Inc. are registered and fully paid for.