Promises and Warranties. Party A promises that the equity interest it transferred to Party B under Article 1 of this Agreement was legally owned by it, and Party A has completed and effectual right of disposition on the equity interest. Party A also ensures that there are no mortgages, other rights of security or third-party right of recourse on the transferred equity interest.
Appears in 3 contracts
Sources: Equity Interest Transfer Agreement (Giant Interactive Group Inc.), Equity Interest Transfer Agreement (Giant Interactive Group Inc.), Equity Interest Transfer Agreement (Giant Interactive Group Inc.)