Common use of Stock of Transferred Subsidiaries Clause in Contracts

Stock of Transferred Subsidiaries. Odetics is the owner, beneficially and of record of all of the issued and outstanding stock of the assets referred to in Section 1.1 hereof, free and clear of all liens, encumbrances, security agreements, options, claims, charges and restrictions.

Stock of Transferred Subsidiaries. Odetics is the owner, --------------------------------- beneficially and of record of all of the issued and outstanding stock of the assets referred to in Section 1.1 hereof, free and clear of all liens, encumbrances, security agreements, options, claims, charges and restrictions.