Common use of Good Title Conveyed Clause in Contracts

Good Title Conveyed. At the time of issuance, the Shares will be duly authorized, validly issued, fully paid and nonassessable and not subject to any preemptive rights. The stock certificates and other instruments to be executed and delivered by the Company to Purchaser at the Closing will be valid and binding obligations of the Company, enforceable in accordance with their respective terms, and will effectively vest in Purchaser good title to all the Shares, free and clear of all Encumbrances, except restrictions on transfer arising under the Securities Act or any applicable state securities laws.

Good Title Conveyed. At the time of issuance, the Purchased Shares will be duly authorized, validly issued, fully paid and nonassessable and not subject to any preemptive rights. The stock certificates and other instruments to be executed and delivered by the Company to Purchaser Infinity World at the Closing will be valid and binding obligations of the Company, enforceable in accordance with their respective terms, and will effectively vest in Purchaser Infinity World good title to all the Purchased Shares, free and clear of all Encumbrances, except restrictions on transfer arising under imposed by the Securities Act or and any applicable state securities laws.

Good Title Conveyed. At the time of issuance, the Shares Purchased Stock will be duly authorized, validly issued, fully paid and nonassessable and not subject to any preemptive rights. The stock certificates and other instruments to be executed and delivered by the Company to Purchaser at the Closing will be valid and binding obligations of the Company, enforceable in accordance with their respective terms, and will effectively vest in Purchaser good title to all the SharesPurchased Stock, free and clear of all EncumbrancesLiens whatsoever, except restrictions on transfer arising under the Securities Act or any applicable state securities laws.