Common use of Equity Interests; Ownership; Collateral Obligations Clause in Contracts

Equity Interests; Ownership; Collateral Obligations. (a) The Equity Interests of the Borrower have been duly authorized and validly issued and are fully paid and non-assessable. As of the Closing Date, other than any capital commitments or other rights of a member or other equity holder as of the Closing Date to make capital contributions to the Borrower, there is no existing option, warrant, call, right, commitment or other agreement to which the Borrower is a party requiring, and there is no membership interest or other Equity Interests of the Borrower outstanding which upon conversion or exchange would require, the issuance by the Borrower of any additional membership interests or other Equity Interests of it or other Securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase, a membership interest or other Equity Interests of such Person.

Equity Interests; Ownership; Collateral Obligations. (a) The Equity Interests of the each Borrower Entity have been duly authorized and validly issued and are fully paid and non-assessablenon‑assessable. As of the Closing Date, other than any capital commitments or other rights of a member or other equity holder as of the Closing Date to make capital contributions to the Borrower, there is no existing option, warrant, call, right, commitment or other agreement to which the any Borrower Entity is a party requiring, and there is no membership interest or other Equity Interests of the any Borrower Entity outstanding which upon conversion or exchange would require, the issuance by the such Borrower Entity of any additional membership interests or other Equity Interests of it or other Securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase, a membership interest or other Equity Interests of such Person.

Equity Interests; Ownership; Collateral Obligations. (a) The Equity Interests of the each Borrower Entity have been duly authorized and validly issued and are fully paid and non-assessable. As of the Closing Date, other than any capital commitments or other rights of a member or other equity holder as of the Closing Date to make capital contributions to the Borrower, there is no existing option, warrant, call, right, commitment or other agreement to which the any Borrower Entity is a party requiring, and there is no membership interest or other Equity Interests of the any Borrower Entity outstanding which upon conversion or exchange would require, the issuance by the such Borrower Entity of any additional membership interests or other Equity Interests of it or other Securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase, a membership interest or other Equity Interests of such Person.