Common use of Capitalisation Clause in Contracts

Capitalisation. All the outstanding shares, capital stock and other equity interests of the Issuer and each other member of the Group have been duly and validly authorised and issued, are fully paid and non-assessable, and were issued in compliance with applicable laws; all such shares, capital stock and equity interests are owned directly or indirectly by the relevant holders, free and clear of Encumbrances, restrictions on transfer or restrictions on voting.

Capitalisation. All the all outstanding shares, shares of capital stock and or other equity interests of the Issuer and each other member Subsidiary of the Group Issuer have been duly and validly authorised and issued, are fully paid and non-assessable, and were issued in compliance with applicable laws; all such shares, capital stock and equity interests are owned directly or indirectly by the relevant holdersIssuer, free and clear of Encumbrancesall liens, charges, encumbrances, security interests, restrictions on voting or transfer or restrictions on voting.claims of any third party;