Common use of Title to the Exchanged Notes Clause in Contracts

Title to the Exchanged Notes. (a) Each Holder is the sole legal and beneficial owner of the Exchanged Notes set forth opposite its name on Exhibit A hereto; (b) the Holder has good, valid and marketable title to its Exchanged Notes, free and clear of any Liens (other than pledges or security interests that the Holder may have created in favor of a prime broker under and in accordance with its prime brokerage agreement with such broker); (c) no Holder has, in whole or in part, except as described in the preceding clause (b), (i) assigned, transferred, hypothecated, pledged, exchanged or otherwise disposed of any of its Exchanged Notes or its rights, title or interest in and to its Exchanged Notes or (ii) given any person or entity (other than the Undersigned) any transfer order, power of attorney or other authority of any nature whatsoever with respect to its Exchanged Notes; and (d) upon the Holder’s delivery of its Exchanged Notes to the Company pursuant to the Transactions, such Exchanged Notes shall be free and clear of all Liens created by the Holder or any other person acting for the Holder.

Appears in 1 contract

Sources: Convertible Notes Exchange Agreement (Assertio Holdings, Inc.)

Title to the Exchanged Notes. If the Investor is an Exchanging Investor, (a) Each Holder the Investor is the sole legal and beneficial owner of the Exchanged Notes set forth opposite its name on Exhibit A hereto; (b) the Holder Investor has good, valid and marketable title to its Exchanged Notes, free and clear of any Liens (other than pledges or security interests that the Holder Investor may have created in favor of a prime broker under and in accordance with its prime brokerage agreement with such broker); (c) no Holder hasthe Investor has not, in whole or in part, except as described in the preceding clause (b), (i) assigned, transferred, hypothecated, pledged, exchanged or otherwise disposed of any of its Exchanged Notes or its rights, title or interest rights in and to its Exchanged Notes Notes, or (ii) given any person or entity (other than the Undersigned) any transfer order, power of attorney or other authority of any nature whatsoever with respect to its Exchanged Notes; and (d) upon the HolderInvestor’s delivery of its Exchanged Notes to the Company pursuant to the Transactions, such Exchanged Notes shall be free and clear of all Liens created by the Holder or any other person acting for the HolderInvestor.

Appears in 1 contract

Sources: Securities Purchase Agreement (AV Homes, Inc.)

Title to the Exchanged Notes. (a) Each Holder Investor is the sole legal and beneficial owner of the Exchanged Notes set forth opposite its name on Exhibit A hereto; (b) the Holder each Investor has good, valid and marketable title to its Exchanged Notes, free and clear of any Liens (other than pledges or security interests that the Holder Investor may have created in favor of a prime broker under and in accordance with its prime brokerage agreement with such broker); (c) no Holder haseach Investor has not, in whole or in part, except as described in the preceding clause (b), (i) assigned, transferred, hypothecated, pledged, exchanged or otherwise disposed of any of its Exchanged Notes or its rights, title or interest rights in and to its Exchanged Notes or (ii) given any person or entity (other than the Undersigned) any transfer order, power of attorney or other authority of any nature whatsoever with respect to its Exchanged Notes; and (d) upon the Holder’s applicable Investor's delivery of its Exchanged Notes to the Company Issuers pursuant to the Transactions, such Exchanged Notes shall be free and clear of all Liens created by the Holder Investor or any other person acting for the HolderInvestor.

Appears in 1 contract

Sources: Notes Exchange Agreement (Linn Energy, LLC)