Common use of Valid Ownership Clause in Contracts

Valid Ownership. Such Selling Stockholder has, and at the Closing Time (and, if any Option Securities are purchased, at each Date of Delivery) will be, the sole legal and beneficial owner of the Securities to be sold by such Selling Stockholder hereunder free and clear of all security interests, claims, liens, equities or other encumbrances and the legal right and power, and all authorization and approval required by law, to enter into this Agreement and the Power of Attorney and Custody Agreement and to sell, transfer and deliver the Securities to be sold by such Selling Stockholder.

Valid Ownership. Such The Selling Stockholder has, and at the Closing Time (and, if any Option Securities are purchased, at each Date of Delivery) will be, the sole legal legal, record and beneficial owner of the Securities to be sold by such the Selling Stockholder hereunder free and clear of all security interests, claims, liens, equities or other encumbrances and the legal right and power, and all authorization and approval required by law, to enter into this Agreement and the Power of Attorney and Custody Agreement and to sell, transfer and deliver the Securities to be sold by such Selling StockholderStockholder or a valid security entitlement in respect of such Securities.

Valid Ownership. Such The Selling Stockholder has, and at the Closing Time (and, if any Option Securities are purchased, at each Date of Delivery) will be, the sole legal legal, record and beneficial owner of the Securities to be sold by such the Selling Stockholder hereunder free and clear of all security interests, claims, liens, equities or other encumbrances and the legal right and power, and all authorization and approval required by law, to enter into this Agreement and the Power of Attorney and Custody Agreement and to sell, transfer and deliver the Securities to be sold by the Selling Stockholder or a valid security entitlement in respect of such Selling StockholderSecurities.

Valid Ownership. Such The Selling Stockholder has, and at the Closing Time (and, if any Option Securities are purchased, at each Date of Delivery) will be, the sole legal legal, record and beneficial owner of the Securities to be sold by such the Selling Stockholder hereunder free and clear of all security interests, claims, liens, equities or other encumbrances and the legal right and power, and all authorization and approval required by law, to enter into this Agreement and the Power of Attorney and Custody Agreement and to sell, transfer and deliver the Securities to be sold by such Selling StockholderStockholder or a valid security entitlement in respect of such Securities.