Common use of Warranties by Share Scheme Participants Clause in Contracts

Warranties by Share Scheme Participants. Each Share Scheme Participant is deemed to have warranted to ▇▇▇▇▇▇ that: (a) all their Shares (including any rights and entitlements attaching to those shares) transferred to ▇▇▇▇▇▇ under the Scheme will, on the Implementation Date, be fully paid and free from all mortgages, charges, liens, encumbrances, pledges, security interests and other interests of third parties of any kind, whether legal or otherwise, and restrictions on transfer of any kind, whether legal or otherwise; and (b) they have full power and capacity to sell and to transfer their shares (including any rights and entitlements attaching to those shares) to ▇▇▇▇▇▇ under the Share Scheme.

Warranties by Share Scheme Participants. Each Share Scheme Participant is deemed to have warranted to ▇P▇▇▇▇▇ that: (a) all their Shares (including any rights and entitlements attaching to those shares) transferred to ▇P▇▇▇▇▇ under the Scheme will, on the Implementation Date, be fully paid and free from all mortgages, charges, liens, encumbrances, pledges, security interests and other interests of third parties of any kind, whether legal or otherwise, and restrictions on transfer of any kind, whether legal or otherwise; and (b) they have full power and capacity to sell and to transfer their shares (including any rights and entitlements attaching to those shares) to ▇P▇▇▇▇▇ under the Share Scheme.