Common use of Capitalization; Title to Shares Clause in Contracts

Capitalization; Title to Shares. The Shares consist of the 100 shares of capital stock without par value and have been duly authorized and validly issued and are fully paid and non-assessable, and constitute the total issued and outstanding Equity Interests of the Vessel Owning Subsidiary. There are not outstanding (i) any options, warrants or other rights to purchase from the Vessel Owning Subsidiary any equity interests of the Vessel Owning Subsidiary, (ii) any securities convertible into or exchangeable for shares of such equity interests of the Vessel Owning Subsidiary or (iii) any other commitments of any kind for the issuance of additional shares of equity interests or options, warrants or other securities of the Vessel Owning Subsidiary.

Appears in 18 contracts

Samples: Share Purchase Agreement (Capital Product Partners L.P.), Share Purchase Agreement (Capital Product Partners L.P.), Share Purchase Agreement (Capital Product Partners L.P.)

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