Common use of Ownership of Convertible Notes Clause in Contracts

Ownership of Convertible Notes. The Purchaser or an Affiliate of the Purchaser has good and marketable ownership rights in the Convertible Notes to be exchanged for Rollover Notes free and clear of any option, call, swap, margin or other rights, agreements, arrangements or commitments of any character obligating the Purchaser to transfer, sell or otherwise dispose of any such Convertible Notes or granting any third party any rights over such Convertible Notes.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Central European Distribution Corp), Securities Purchase Agreement (Central European Distribution Corp)