Common use of Purchased Interests Clause in Contracts

Purchased Interests. Such Seller is the holder and beneficial owner of the Purchased Interests set forth opposite its name on Schedule I, free and clear of all Liens except as set forth in Section 3.1(e) of the Sellers Disclosure Schedule. ACME is the holder and beneficial owner of a 50% general partnership interest in EMP and a 50% general partnership interest in OGII, free and clear of all Liens except as set forth in section 3.1(e) of the Sellers Disclosure Schedule.