Common use of Capitalization of the Subsidiary Clause in Contracts

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

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

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

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

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

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