Common use of Sole Ownership Clause in Contracts

Sole Ownership. The Holder has all right, title and interest in its beneficial interest in the Prior Notes, and has not endorsed, assigned, sold, transferred, deposited under any agreement, hypothecated, pledged for any bank or brokerage loan, or otherwise in any manner disposed of the Holder’s beneficial interest in the Prior Notes or any interest therein. No person or entity other than the Holder has any interest in the Holder’s beneficial interest in the Prior Notes.