Transfer of Title to the Shares Sample Clauses

The 'Transfer of Title to the Shares' clause defines the process by which legal ownership of shares is formally passed from the seller to the buyer. Typically, this clause outlines the conditions that must be met for the transfer to occur, such as payment of the purchase price, delivery of share certificates, and registration of the new owner in the company’s share register. Its core function is to ensure a clear and legally recognized change in ownership, thereby preventing disputes over who holds the rights and obligations associated with the shares.
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Transfer of Title to the Shares. The obligation of the Sellers to transfer the ownership title to the Shares shall be fulfilled by way of endorsement and hand-over of the global certificates representing the Shares by the Sellers to the Buyer, provided that endorsement shall contain: (a) the business name, seat and the business registration number of the Buyer as the acquirer of the Shares, (b) the signatures of the Sellers as the transferors of the Shares, and (c) the date of the transfer of Shares, which shall be the Completion Date.
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Transfer of Title to the Shares. The sale, assignment, conveyance, transfer, and delivery by Seller of the Shares shall be made by delivering to the Purchaser duly endorsed stock certificate(s) representing Two Million Five Hundred Thousand (2,500,000) restricted shares of common stock of the Issuer (“Stock Certificate”), against payment of the Purchase Price, as defined herein.
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Transfer of Title to the Shares. The sale, assignment, conveyance, transfer, and delivery by Seller of the 3,576,400 Shares of Common Stock shall be made by delivering to Purchaser duly endorsed stock certificates representing 3,576,400 shares of common stock of the Company.
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Transfer of Title to the Shares. The sale, assignment, conveyance, transfer, and delivery by Seller of the Shares shall be made by delivering to the Purchaser duly endorsed stock certificate(s) representing the Shares upon receipt by the Seller of the Purchase Price.
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Transfer of Title to the Shares. Title and possession of the Shares shall pass from the Sellers to the Buyer (and/or the Affiliates the Buyer may chose to substitute) on the Closing Date upon the exchange of the documents referred to in Section 3.3 and Section 3.4, and confirmation that irrevocable orders have been given for the payment of the Purchase Price as provided for in Section 3.2 as well as receipt by the Controlling Shareholder (for themselves and acting as agents for the other Sellers) of satisfactory proof of the payments to be made by the Buyer under Section 3.2.
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Related to Transfer of Title to the Shares

  • Transfer of Title Each party agrees that all right, title and interest in and to any Eligible Credit Support, Equivalent Credit Support, Equivalent Distributions or Interest Amount which it transfers to the other party under the terms of this Annex shall vest in the recipient free and clear of any liens, claims, charges or encumbrances or any other interest of the transferring party or of any third person (other than a lien routinely imposed on all securities in a relevant clearance system).

  • Title to the Shares Seller owns of record and beneficially the Shares of the Company, free and clear of all liens, encumbrances, pledges, claims, options, charges and assessments of any nature whatsoever, with full right and lawful authority to transfer the Shares to Buyer. No person has any preemptive rights or rights of first refusal with respect to any of the Shares. There exists no voting agreement, voting trust, or outstanding proxy with respect to any of the Shares. There are no outstanding rights, options, warrants, calls, commitments, or any other agreements of any character, whether oral or written, with respect to the Shares.

  • No Merger of Title There shall be no merger of this Lease or of the leasehold estate created hereby by reason of the fact that the same person or entity may acquire, own or hold, directly or indirectly: (a) this Lease or the leasehold estate created hereby or any interest in this Lease or such leasehold estate and (b) the fee estate in the Leased Property.

  • Title to Purchased Shares The Purchased Shares are owned by the Vendors as the registered and beneficial owner thereof with good and marketable title, free and clear of all Encumbrances.

  • Transfer of the Shares Prior to the termination of this ---------------------- Agreement, except as otherwise provided herein, the Shareholder shall not: (i) transfer (which term shall include, without limitation, for the purposes of this Agreement, any sale, gift, pledge or other disposition), or consent to any transfer of, any or all of the Shares; (ii) enter into any contract, option or other agreement or understanding with respect to any transfer of any or all of the Shares or any interest therein; (iii) grant any proxy, power-of-attorney or other authorization or consent in or with respect to the Shares; (iv) deposit the Shares into a voting trust or enter into a voting agreement or arrangement with respect to the Shares, or (v) take any other action that would in any way restrict, limit or interfere with the performance of such Shareholder's obligations hereunder or the transactions contemplated hereby.