Common use of Free and Clear of Encumbrances Clause in Contracts

Free and Clear of Encumbrances. Seller is the beneficial owner of the Shares and will transfer to Buyer on the Closing Date good marketable title to the Shares free and clear of any liens, claims, security interests, options, charges or any other encumbrance whatsoever.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Westway Group, Inc.), Stock Purchase Agreement (Westway Group, Inc.)

Free and Clear of Encumbrances. Seller is the beneficial owner of the Shares and will transfer to Buyer on the Closing Date good marketable title to the Shares free and clear of any liens, claims, security interests, options, charges or any other encumbrance whatsoever.

Appears in 1 contract

Sources: Stock Purchase Agreement (Westway Group, Inc.)