Common use of Unqualified Right to Transfer Shares Clause in Contracts

Unqualified Right to Transfer Shares. He has the unqualified right to sell, assign, and deliver the membership units of 21 OCEANS specified herein and, upon consummation of the transactions contemplated by this Agreement, OMEGA will acquire good and valid title to such membership units, free and clear of all liens, claims, options, charges, and encumbrances of whatsoever nature.

Unqualified Right to Transfer Shares. He has the unqualified right to sell, assign, and deliver the membership units of 21 OCEANS (“THE COMPANY”) specified herein and, upon consummation of the transactions contemplated by this Agreement, OMEGA will acquire good and valid title to such membership units, free and clear of all liens, claims, options, charges, and encumbrances of whatsoever nature.