Title to Subject Securities. Seller is the beneficial and record owner of all of the Subject Securities and at the Closing will deliver to the Buyer good and marketable title to such Subject Securities free and clear of all Encumbrances.
Title to Subject Securities. Such Seller is the beneficial and record owner of all of the Subject Securities set forth opposite such Sellers name on [Schedule 4.1.5] and at the Closing will deliver to the Buyer good and marketable title to such Subject Securities free and clear of all Encumbrances.Liens other than transfer restrictions under applicable federal and state securities laws.
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