Common use of Capitalization of the Subsidiaries Clause in Contracts

Capitalization of the Subsidiaries. All the outstanding shares of capital stock of each of the Subsidiaries (i) have been duly authorized and are validly issued, fully paid and nonassessable and (ii) are owned by the Company, free and clear of any security interests, claims, liens or encumbrances.

Capitalization of the Subsidiaries. All the outstanding shares of capital stock of each of the Subsidiaries (i) have been duly authorized and are validly issued, fully paid and nonassessable and (ii) except as otherwise stated in the Registration Statement, are owned by the Company, free and clear of any security interests, claims, liens or encumbrances.

Capitalization of the Subsidiaries. All the outstanding shares of capital stock of each of the Subsidiaries (i) have been duly and validly authorized and issued and are validly issued, fully paid and nonassessable and (ii) are owned by the Company, free and clear of any security interests, claims, liens or encumbrances.paid

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

Capitalization of the Subsidiaries. All the outstanding shares of capital stock of each of the Subsidiaries (i) subsidiary have been duly authorized and validly issued and are validly issued, fully paid and nonassessable and (ii) are owned by the Company, free and clear of any security interests, claims, liens or encumbrances.and