Purchaser Shares. The issuance, transfer, and delivery of the Purchaser Shares hereunder have been duly authorized by all required corporate action on the part of Purchaser, and when issued, transferred, and delivered in accordance with the terms hereof for the consideration expressed herein, will be duly and validly issued, fully paid and non-assessable, free and clear of all Encumbrances.
Appears in 8 contracts
Samples: Contribution Agreement (General Maritime Ship Holdings LTD), Contribution Agreement (General Maritime Corp/), Contribution Agreement (General Maritime Ship Holdings LTD)
Purchaser Shares. The issuance, transfer, and delivery of the Purchaser Shares hereunder have been duly authorized by all required corporate action on the part of Purchaser, and when issued, transferred, and delivered in accordance with the terms hereof for the consideration expressed herein, will be duly and validly issued, fully paid and non-assessable, free and clear of all Encumbrances.
Appears in 2 contracts
Samples: Vessel Contribution Agreement (General Maritime Ship Holdings LTD), Vessel Contribution Agreement (General Maritime Ship Holdings LTD)