Common use of Capitalization; Subsidiaries Clause in Contracts

Capitalization; Subsidiaries. (i) As of immediately prior to the execution and delivery of this Agreement, there are no securities of the Company issued and outstanding, except for the Shares previously issued pursuant to Section 1.1. Except as provided and contemplated by this Agreement, as of the date of this Agreement, the Company has no commitment or arrangement to issue securities of the Company to any person or entity. (ii) As of the date of this Agreement, the Company has no subsidiaries.

Appears in 13 contracts

Samples: Shareholders Agreement (CommonWealth REIT), Shareholders Agreement (Hospitality Properties Trust), Shareholders Agreement (Travelcenters of America LLC)

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Capitalization; Subsidiaries. (i) As of immediately prior to the execution and delivery of this Agreement, there are no securities of the Company issued and outstanding, except for the Shares previously issued pursuant to Section 1.1. Except as provided and contemplated by this Agreement, as of the date of this Agreement, the Company has no commitment or arrangement to issue securities of the Company to any person or entity. (ii) As of the date of this Agreement, the Company has no subsidiaries.

Appears in 5 contracts

Samples: Shareholder Agreement (Five Star Quality Care Inc), Shareholder Agreement (Hospitality Properties Trust), Shareholder Agreement (Senior Housing Properties Trust)

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