Common use of Borrower’s Subsidiaries Clause in Contracts

Borrower’s Subsidiaries. As of the Closing Date, Borrower has no Subsidiary and does not own any interest in any other Person, except those listed in the Disclosure Schedule or a Disclosure Report. As of the Closing Date, no Related Person is a member of any general or limited partnership, joint venture or association of any type whatsoever except associations, joint ventures or other relationships (i) that are established pursuant to a standard form operating agreement or similar agreement or which are partnerships for purposes of federal income taxation only, (ii) which are not corporations or partnerships (or subject to the Uniform Partnership Act) under applicable state law, and (iii) whose businesses are limited to the exploration, development and operation of oil, gas or mineral properties and interests owned directly by the parties in such associations, joint ventures or relationships. As of the Closing Date, Borrower owns, directly or indirectly, the equity interest in each of its Subsidiaries that is indicated in the Disclosure Schedule.

Borrower’s Subsidiaries. As of the Closing Date, Borrower has no Subsidiary and does not ----------------------- have any Subsidiary or own any interest in any other Person, Person except those listed in the Disclosure Schedule or a Disclosure Report. As of the Closing Date, no Related Person is a member of any general or limited partnership, joint venture or association of any type whatsoever except associations, joint ventures or other relationships (i) that which are established pursuant to a standard form operating agreement or similar agreement or which are partnerships for purposes of federal income taxation only, (ii) which are not corporations or partnerships (or subject to the Uniform Partnership Act) under applicable state law, and (iii) whose businesses are limited to the exploration, development and operation of oil, gas or mineral properties and interests owned directly by the parties in such associations, joint ventures or relationships. As of the Closing Date, Borrower owns, directly or indirectly, the equity interest in each of its Subsidiaries that which is indicated in the Disclosure Schedule.

Borrower’s Subsidiaries. As of the Closing Date, Borrower has no Subsidiary and does not have any Subsidiary or own any interest in any other Person, Person except those listed in the Disclosure Schedule or a Disclosure Report. As of the Closing Date, no Related Person is a member of any general or limited partnership, joint venture or association of any type whatsoever except associations, joint ventures or other relationships (i) that which are established pursuant to a standard form operating agreement or similar agreement or which are partnerships for purposes of federal income taxation only, (ii) which are not corporations or partnerships (or subject to the Uniform Partnership Act) under applicable state law, and (iii) whose businesses are limited to the exploration, development and operation of oil, gas or mineral properties and interests owned directly by the parties in such associations, joint ventures or relationships. As of the Closing Date, Borrower owns, directly or indirectly, the equity interest in each of its Subsidiaries that which is indicated in the Disclosure Schedule.

Borrower’s Subsidiaries. As of the Closing Date, Borrower has no ----------------------- Subsidiary and does not own any interest in any other Person, except those listed in the Disclosure Schedule or a Disclosure Report. As of the Closing Date, no Related Person is a member of any general or limited partnership, joint venture or association of any type whatsoever except associations, joint ventures or other relationships (i) that are established pursuant to a standard form operating agreement or similar agreement or which are partnerships for purposes of federal income taxation only, (ii) which are not corporations or partnerships (or subject to the Uniform Partnership Act) under applicable state law, and (iii) whose businesses are limited to the exploration, development and operation of oil, gas or mineral properties and interests owned directly by the parties in such associations, joint ventures or relationships. As of the Closing Date, Borrower owns, directly or indirectly, the equity interest in each of its Subsidiaries that which is indicated in the Disclosure Schedule.