Common use of Equity Ownership Clause in Contracts

Equity Ownership. All issued and outstanding Capital Securities of the Borrower and each of its Subsidiaries are duly authorized and validly issued, fully paid, non-assessable, and free and clear of all Liens other than those in favor of the Bank, if any, and such securities were issued in compliance with all applicable state and federal laws concerning the issuance of securities. As of the date hereof, except as set forth on Schedule 7.6 hereto, there are no pre-emptive or other outstanding rights, options, warrants, conversion rights or other similar agreements or understandings for the purchase or acquisition of any Capital Securities of the Borrower and each of its Subsidiaries.

Equity Ownership. All issued and outstanding Capital Securities of the Borrower ---------------- Borrowers and each of its their Subsidiaries are duly authorized and validly issued, fully paid, non-assessable, and free and clear of all Liens other than those Permitted Liens and Liens in favor of the BankLender, if any, and such securities were issued in compliance with all applicable state and federal laws concerning the issuance of securities. As of the date hereof, except as set forth on Schedule 7.6 hereto, there are no pre-emptive or other outstanding rights, options, warrants, conversion rights or other similar agreements or understandings for the purchase or acquisition of any Capital Securities of the Borrower Borrowers and each of its Subsidiaries.

Equity Ownership. All issued and outstanding Capital Securities of the Borrower and each of its Subsidiaries are duly authorized and validly issued, fully paid, non-assessable, and free and clear of all Liens other than those in favor of the BankLender, if any, and such securities were issued in compliance with all applicable state and federal laws concerning the issuance of securities. As of the date hereof, except as set forth on Schedule 7.6 hereto, there are no pre-emptive or other outstanding rights, options, warrants, conversion rights or other similar agreements or understandings for the purchase or acquisition of any Capital Securities of the Borrower and each of its Subsidiaries.

Equity Ownership. All issued and outstanding Capital Securities of the Borrower Borrower, each of its Operating Subsidiaries and each of its their other Subsidiaries are duly authorized and validly issued, fully paid, non-assessable, and free and clear of all Liens other than those that shall be in favor of the Bank, if any, and such securities were issued in compliance with all applicable state and federal laws concerning the issuance of securities. As of the date hereof, except as set forth on Schedule 7.6 hereto, there are no pre-emptive or other outstanding rights, options, warrants, conversion rights or other similar agreements or understandings for the purchase or acquisition of any Capital Securities of the Borrower and each Borrower, any of its Operating Subsidiaries or any of its other Subsidiaries.

Equity Ownership. All issued and outstanding Capital Securities of the Borrower Borrowers and each of its their Subsidiaries are duly authorized and validly issued, fully paid, non-assessable, and free and clear of all Liens other than those in favor of the BankLender, if any, and such securities were issued in compliance with all applicable state and federal laws concerning the issuance of securities. As of the date hereof, except as set forth on Schedule 7.6 hereto, there are no pre-emptive or other outstanding rights, options, warrants, conversion rights or other similar agreements or understandings for the purchase or acquisition of any Capital Securities of the Borrower Borrowers and each of its Subsidiaries.

Equity Ownership. All issued and outstanding Capital Securities of the Borrower and each of its Restricted Subsidiaries are duly authorized and validly issued, fully paid, non-assessable, and free and clear of all Liens other than those in favor of the BankBank and Permitted Liens, if any, and such securities were issued in compliance with all applicable state and federal laws concerning the issuance of securities. As of the date hereof, except as set forth on Schedule 7.6 hereto, there are no pre-emptive or other outstanding rights, options, warrants, conversion rights or other similar agreements or understandings for the purchase or acquisition of any Capital Securities of the Borrower and each of its Restricted Subsidiaries.

Equity Ownership. All issued and outstanding Capital Securities of the each Borrower and each of its such Borrower’s Subsidiaries are duly authorized and validly issued, fully paid, non-assessable, and free and clear of all Liens other than those in favor of the BankLender, if any, and such securities were issued in compliance with all applicable state and federal laws concerning the issuance of securities. As of the date hereof, except as set forth on Schedule 7.6 hereto, there are no pre-emptive or other outstanding rights, options, warrants, conversion rights or other similar agreements or understandings for the purchase or acquisition of any Capital Securities of the a Borrower and each of its such Borrower’s Subsidiaries.