Title to Target Interests. Seller is the direct owner and beneficial owner of the Target Interests, free and clear of all Liens, except for Liens (a) arising under federal and state securities Laws, (b) arising pursuant to the Governing Documents of the Company, (c) arising or securing obligations under the Existing Credit Agreement or (d) imposed by Buyer or any of its Affiliates.
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Samples: Membership Interest Purchase Agreement (Civitas Resources, Inc.), Membership Interest Purchase Agreement (Civitas Resources, Inc.)
Title to Target Interests. Seller is the direct owner and beneficial owner of the Target Interests, free and clear of all Liens, Liens (except for Liens (a) arising under federal and state securities Laws, (b) arising pursuant to the Governing Documents of the Company, (c) arising imposed or securing obligations under the Existing Credit Agreement or (d) imposed created by Buyer or any of its Affiliates, or Liens for which releases will be obtained at or prior to the Closing).
Appears in 2 contracts
Samples: Membership Interest Purchase Agreement (Callon Petroleum Co), Membership Interest Purchase Agreement (Callon Petroleum Co)
Title to Target Interests. Seller is the direct owner and beneficial owner of the Target Interests, free and clear of all Liens, except for Liens (a) arising under federal and state securities Laws, (b) arising pursuant to the Governing Documents of the Company, (c) arising each Company or securing obligations under the Existing Credit Agreement or (d) imposed by the Buyer Parties or any of its their Affiliates.
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