FCE Contributed Interests Clause Samples

FCE Contributed Interests. The organizational charts included as part of Schedule P-3B (Property Owners and Organizational Charts) and Schedule P-3E (Service Companies and Organizational Charts) are true and correct to the extent they reflect the direct or indirect ownership by FCEI or any of the FCE Entities in the Operating Properties and the Service Companies. The FCE Interests have been duly authorized and validly issued in accordance with the organizational documents of the issuer thereof and applicable law. Immediately preceding the Principal Closing, the contributors of the FCE Contributed Interests will own the FCE Contributed Interests to be contributed at such Closing free and clear of all rights, liens, claims and encumbrances other than claims or encumbrances arising pursuant to the organizational documents of the relevant issuer of such FCE Contributed Interests and claims arising pursuant to this Agreement, and subject to restrictions on transfer under federal and state securities laws. None of the FCE Entities has pledged its FCE Contributed Interests or consented to the pledge or encumbrance of any of the FCE Contributed Interests.