Template:Nutshell Equity Derivatives 9.11: Difference between revisions

Section {{eqderivprov|9.11}}. '''{{eqderivprov|Representation and Agreement}}'''. A party required to deliver {{eqderivprov|Shares}} under a {{eqderivprov|Transaction}} agrees that it will convey, and, on any date that it delivers such {{eqderivprov|Shares}}, represents that it has conveyed, good title to the {{eqderivprov|Shares}} it is required to deliver, free from  

:(i) any lien, charge, claim or other encumbrance (other than a lien routinely imposed on all securities by the relevant {{eqderivprov|Clearance System}}) and any other restrictions whatsoever, including any restrictions under applicable securities laws, without any obligation on the part of the receiver of such {{eqderivprov|Shares}} in connection with that party’s subsequent sale of such {{eqderivprov|Shares}} to deliver an offering document, or comply with any volume or manner of sale restrictions, <br>

:(ii) any and all restrictions that any sale, assignment or other transfer of such {{eqderivprov|Shares}} be consented to or approved by any person or entity, including without limitation, the {{eqderivprov|Issuer}} or any other obligor thereon, <br>

:(iii) any limitations on the type or status, financial or otherwise, of any purchaser, pledgee, assignee or transferee of such {{eqderivprov|Shares}}, <br>

:(iv) any requirement of the delivery of any certificate, approval, consent, agreement, opinion of counsel, notice or any other document of any person or entity to the {{eqderivprov|Issuer}} of, any other obligor on or any registrar or transfer agent for, such {{eqderivprov|Shares}}, prior to the sale, pledge, assignment or other transfer of such {{eqderivprov|Shares}}, and <br>  

:(v) any registration or qualification requirement or prospectus delivery requirement for such {{eqderivprov|Shares}} pursuant to applicable securities laws. A party required to deliver {{eqderivprov|Shares}} under a {{eqderivprov|Transaction}} also represents that to the extent appropriate for the relevant {{eqderivprov|Clearance System}}, the {{eqderivprov|Shares}} are properly in book-entry form. <br>