Common use of Capitalization of the Subsidiaries Clause in Contracts

Capitalization of the Subsidiaries. All the outstanding shares of capital stock of each subsidiary have been duly and validly authorized and issued and are fully paid and nonassessable, and all outstanding shares of capital stock of the subsidiaries are owned by the Company either directly or through wholly owned subsidiaries free and clear of any security interests, claims, liens or encumbrances.

Capitalization of the Subsidiaries. All of the outstanding shares of capital stock of each subsidiary have been duly and validly authorized and issued and are fully paid and nonassessable, and and, except as otherwise disclosed in the Prospectus, all outstanding shares of capital stock of the subsidiaries are owned by the Company Company, either directly or through wholly its wholly-owned subsidiaries subsidiaries, free and clear of any security interests, claims, liens or encumbrances.

Capitalization of the Subsidiaries. All the outstanding shares of capital stock of each subsidiary have been duly authorized and validly authorized and issued and are fully paid and nonassessable, and and, except as otherwise set forth in the Prospectus, all outstanding shares of capital stock of the subsidiaries are owned by the Company either directly or through wholly owned subsidiaries free and clear of any security interests, claims, liens or encumbrances, except for any such security interest, claims, liens or encumbrances as would not have a Material Adverse Effect.

Capitalization of the Subsidiaries. All The Company represents and warrants that all the outstanding shares of capital stock of each subsidiary have been duly and validly authorized and issued and are fully paid and nonassessable, and and, except as otherwise set forth in the Prospectus, all outstanding shares of capital stock of the subsidiaries are owned by the Company Company, either directly or through wholly owned subsidiaries subsidiaries, free and clear of any security interests, claims, liens or encumbrances.

Capitalization of the Subsidiaries. All the outstanding shares of capital stock of each subsidiary the Company's subsidiaries have been duly and validly authorized and issued and are fully paid and nonassessable, and and, except as otherwise set forth in the Prospectus, all outstanding shares of capital stock of the subsidiaries are owned by the Company either directly or through wholly owned subsidiaries free and clear of any security interests, claims, liens or encumbrances.

Capitalization of the Subsidiaries. All the outstanding shares of capital stock of each subsidiary the Company's subsidiaries have been duly authorized and validly authorized and issued and are fully paid and nonassessable, and all outstanding shares of capital stock of the subsidiaries are directly owned by the Company either directly or through wholly owned subsidiaries free and clear of any security interests, claims, liens or encumbrances.