Common use of Capitalization of the Seller Clause in Contracts

Capitalization of the Seller. The Seller's authorized capital stock consists of 1,000 shares of Common Stock, $1.00 par value, of which 1,000 shares are issued and outstanding and held of record and beneficially by the Stockholder. All of such shares have been duly and validly issued and are fully paid and nonassessable.

Capitalization of the Seller. The Seller's ’s authorized capital stock consists of 1,000 10,000,000 shares of Common Stock, $1.00 common stock with no par valuevalue per share, of which 1,000 4,151,192 shares are issued and outstanding and held of record and beneficially by the Stockholder. All of such shares have been duly and validly issued and are fully paid and nonassessableoutstanding.

Capitalization of the Seller. The Seller's authorized capital stock consists of 1,000 750 shares of Common Stock, $1.00 no par value, of which 1,000 100 shares are issued and outstanding and held outstanding. All of record and beneficially such shares are owned by the StockholderPrincipal. All of such shares have been duly and validly issued and are fully paid and nonassessable.

Capitalization of the Seller. The Seller's authorized capital stock consists of 1,000 (i) 20,000,000 shares of Common Stock, $1.00 no par value, of which 1,000 3,516,087 shares are issued and outstanding outstanding, and held (ii) 1,500,000 shares of record Preferred Stock, no par value, of which 1,500,000 shares are issued and beneficially by the Stockholderoutstanding. All of such shares have been duly and validly issued and are fully paid and nonassessable. The Seller has provided the Buyer a true and accurate list of the record and beneficial stockholders of the Seller as of the date hereof.

Capitalization of the Seller. The Seller's authorized capital stock ---------------------------- consists of 1,000 (a) 1,000,000 shares of Preferred Stock, $0.01 par value, none of which are issued and outstanding and (b) 35,000,000 shares of Common Stock, $1.00 0.01 par value, of which 1,000 22,685,024 shares are issued and outstanding and held of record and beneficially by the Stockholderoutstanding. All of such outstanding shares have been duly and validly issued and are fully paid and nonassessable.