Common use of Title to Contributed Assets Clause in Contracts

Title to Contributed Assets. Neither the SCM Assets not the SAMCO Securities are subject to any Lien other than (i) Permitted Liens; and (ii) the Bank Liens. Upon consummation of the transactions contemplated hereby, Contributors will have transferred to SCMI or SHI as applicable good and marketable title in and to, or a valid leasehold interest in, each of the SCM Assets and SAMCO Securities, free and clear of all Liens other than Permitted Liens and Assumed Liabilities.