Common use of Title to the Shares Clause in Contracts

Title to the Shares. The Seller is the sole legal and beneficial owner of the Shares in the Company and has good and marketable title thereto. All of the Shares owned by the Seller are owned free and clear of any liens, claims, options, charges, or encumbrances of whatsoever nature. The Seller has the unqualified right to sell, assign, and deliver the Shares, and, upon consummation of the transactions contemplated by this Agreement, the Purchaser will acquire good and valid title to the Shares, free and clear of all liens, claims, options, charges, and encumbrances of whatsoever nature. The Purchaser acknowledges that the Shares being acquired from the Seller are restricted securities so that such Shares will have trading restrictions.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Shopper's Wallet, Inc.), Stock Purchase Agreement (Buzz Media, Ltd.), Share Purchase Agreement (Shopper's Wallet, Inc.)

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Title to the Shares. The Seller is the sole legal and beneficial owner of the Shares in the Company Simple Tech and has good and marketable title thereto. All of the Shares owned by the Seller are owned free and clear of any liens, claims, options, charges, or encumbrances of whatsoever nature. The Seller has the unqualified right to sell, assign, and deliver the Shares, and, upon consummation of the transactions contemplated by this Agreement, the Purchaser will acquire good and valid title to the Shares, free and clear of all liens, claims, options, charges, and encumbrances of whatsoever nature. The Purchaser acknowledges that the Shares being acquired from the Seller are restricted securities so that such Shares will have trading restrictions.

Appears in 3 contracts

Samples: Share Purchase Agreement (Miller Robert Hillis), Share Purchase Agreement (Simple Tech, Inc.), Share Purchase Agreement (Basson Israel)

Title to the Shares. The Seller is the sole legal and beneficial owner of the Shares in the Company Cdoor and has good and marketable title thereto. All of the Shares owned by the Seller are owned free and clear of any liens, claims, options, charges, or encumbrances of whatsoever nature. The Seller has the unqualified right to sell, assign, and deliver the Shares, and, upon consummation of the transactions contemplated by this Agreement, the Purchaser will acquire good and valid title to the Shares, free and clear of all liens, claims, options, charges, and encumbrances of whatsoever nature. The Purchaser acknowledges that the Shares being acquired from the Seller are restricted securities so that such Shares will have trading restrictions.

Appears in 2 contracts

Samples: Share Purchase Agreement (Cdoor Corp), Share Purchase Agreement (Cdoor Corp)

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Title to the Shares. The Seller is the sole legal and beneficial owner of the Shares in the Company DGT and has good and marketable title thereto. All of the Shares owned by the Seller are owned free and clear of any liens, claims, options, charges, or encumbrances of whatsoever nature. The Seller has the unqualified right to sell, assign, and deliver the Shares, and, upon consummation of the transactions contemplated by this Agreement, the Purchaser will acquire good and valid title to the Shares, free and clear of all liens, claims, options, charges, and encumbrances of whatsoever nature. The Purchaser acknowledges that the Shares being acquired from the Seller are restricted securities so that such Shares will have trading restrictions.

Appears in 2 contracts

Samples: Stock Purchase Agreement (DGT Corp.), Stock Purchase Agreement (DGT Corp.)

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