Ownership of Notes. WSI owns the Notes free and clear of any encumbrances or rights of any third parties and has the full right and authority to cancel the indebtedness represented thereby as contemplated by this Agreement. Upon consummation of the transactions contemplated hereby, the portion of the debt evidenced by the Notes repaid upon issuance of the Series A Preferred Stock shall no longer be outstanding.
Appears in 3 contracts
Sources: Exchange Agreement (3ci Complete Compliance Corp), Exchange Agreement (3ci Complete Compliance Corp), Exchange Agreement (3ci Complete Compliance Corp)