Examples of Shareholder Property in a sentence
Neither the Seller nor any owner of any Intellectual Property included in the Shareholder Property has granted any license, sublicense or permission with respect to any Intellectual Property owned or used in the Seller's business.
To the best knowledge of the Seller and the Shareholders, no other Person has interfered with, infringed upon, misappropriated or otherwise come into conflict with any Intellectual Property rights of the Seller or any Intellectual Property included in the Shareholder Property.
As of the Closing, all of the Acquired Assets (including all of the Shareholder Property) will be owned by the Seller, free and clear of all Encumbrances, and the Seller will have good and marketable title to all the Acquired Assets.
Prior to the Closing Date, the Shareholders shall convey, and shall cause each relative or affiliate of the Seller or of any Shareholder to convey, to the Seller, free and clear of any Encumbrance or Tax, all of each Shareholder's and each such relative's or affiliate's right, title and interest to the Shareholder Property.
In the event that any of the Shareholder Property is leased rather than owned by a Shareholder or relative or affiliate of the Company or of the Shareholder, the Shareholder shall cause the lessee thereof to purchase such property prior to the Closing Date in order to be able to convey it to the Company as required by this Section.
As of the Closing, all of the Acquired Assets (including all of the Shareholder Property) will be owned by the Seller, free and clear of all Encumbrances, and the Seller will have good and marketable title to (or, in the case of Acquired Assets that are leased, valid leasehold interests in) all the Acquired Assets.
Neither the Company nor any owner of any Intellectual Property included in the Shareholder Property has granted any license, sublicense or permission with respect to any Intellectual Property owned or used in the Company's business.
In the event that any of the Shareholder Property is leased rather than owned by a Shareholder or relative or affiliate of the Company or of such Shareholder, the Shareholders shall cause the lessee thereof to purchase such property prior to the Closing Date in order to be able to convey it to the Company as required by this Section.
Prior to the Closing Date, the Shareholders shall convey, and shall cause each relative or affiliate of the Company or of any Shareholder to convey, to the Company, free and clear of any Encumbrance or Tax, all of each Shareholder's and each such relative's or affiliate's right, title and interest to the Shareholder Property.
In that event, the closing for Buyer’s purchase of such parcel will occur on the last business day of the calendar month in which such notice is given (if such notice is given on or before the 20th day of the month, otherwise on the last business day of the immediately following calendar month); provided, however, Buyer and the owner of such parcel may agree to close with respect to one or more parcels of the Seller Property or Shareholder Property, as the case may be, on different dates.