Common use of Title to Purchased Shares Clause in Contracts

Title to Purchased Shares. Seller has good title to, and is the beneficial and record owner of, the Purchased Shares. The Purchased Shares are held by Seller free and clear of any and all liens, security interests, mortgages, charges, restrictions, adverse claims, encumbrances and rights of other persons of every nature and description whatsoever.

Title to Purchased Shares. Seller has good title to, and is the sole record and beneficial and record owner of, of the Purchased Shares. The Purchased Shares are held to be sold by Seller it pursuant to this Agreement and owns such shares free and clear of any and from all taxes, liens, security interests, mortgages, charges, restrictions, adverse claims, encumbrances and rights charges (other than bona fide margin liens in the ordinary course of business). There are no outstanding rights, options, subscriptions or other persons agreements or commitments obligating Seller to sell or transfer the Purchased Shares and the Purchased Shares are not subject to any lock-up or other restriction on their transfer or on the ability of every nature and description whatsoeverPurchaser to sell or transfer the Purchased Shares.