Common use of Good Standing of Significant Subsidiaries Clause in Contracts

Good Standing of Significant Subsidiaries. Each of the Significant Subsidiaries has been duly organized and is validly existing under the laws of its jurisdiction of organization, with power and authority (corporate and other) to own its properties and conduct its business as conducted as of the date of the applicable Terms Agreement; and, except as set forth in Exhibit 21 to the Company's most recent Annual Report on Form 10-K or as described in the Prospectus, all the outstanding shares of capital stock or other outstanding equity interests in each Significant Subsidiary have been duly authorized and validly issued, are fully-paid and non-assessable, and (except, in the case of foreign subsidiaries, for directors' qualifying shares) are owned by the Company, directly or indirectly, free and clear of all liens, encumbrances, security interests and claims.

Good Standing of Significant Subsidiaries. Each of the Significant Subsidiaries has been duly organized incorporated and is validly existing as a corporation under the laws of its jurisdiction of organizationincorporation, with power and authority (corporate and other) to own its properties and conduct its business as conducted as of the date of the applicable Terms Agreementhereof; and, except as set forth in Exhibit 21 to the Company's most recent Annual Report on Form 10-K or as described in for the Prospectusyear ended December 31, 2001, all the outstanding shares of capital stock or other outstanding equity interests in of each Significant Subsidiary have been duly authorized and validly issued, are fully-paid and non-assessable, and (except, in the case of foreign subsidiaries, for directors' qualifying shares) are owned by the Company, directly or indirectly, free and clear of all liens, encumbrances, security interests and claims.;

Good Standing of Significant Subsidiaries. Each of the Significant Subsidiaries has been duly organized and is validly existing under the laws of its jurisdiction of organization, with power and authority (corporate and other) to own its properties and conduct its business as conducted as of the date of the applicable Terms Agreementhereof; and, except as set forth in Exhibit 21 to the Company's most recent Annual Report on Form 10-K or as described in for the Prospectusyear ended December 31, 2001, all the outstanding shares of capital stock or other outstanding equity partnership interests in of each Significant Subsidiary have been duly authorized and validly issued, are fully-paid and non-assessable, and (except, in the case of foreign subsidiaries, for directors' qualifying shares) are owned by the Company, directly or indirectly, free and clear of all liens, encumbrances, security interests and claims.;