Common use of Marathon Subsidiaries; Equity Interests Clause in Contracts

Marathon Subsidiaries; Equity Interests. (a) All the outstanding shares of capital stock of, or other equity interests in, each Significant Marathon Subsidiary have been duly authorized and validly issued and are fully paid and nonassessable and are as of the date of this Agreement owned by Marathon, by another subsidiary of Marathon (a "Marathon Subsidiary") or by Marathon and another Marathon Subsidiary, free and clear of all Liens.

Appears in 2 contracts

Samples: Master Agreement (Ashland Inc), Master Agreement (Ashland Inc)

AutoNDA by SimpleDocs

Marathon Subsidiaries; Equity Interests. (a) All the outstanding shares of capital stock of, or other equity interests in, each Significant Marathon Subsidiary have been duly authorized and validly issued and are fully paid and nonassessable and are as of the date of this Agreement owned by Marathon, by another subsidiary of Marathon (a "Marathon Subsidiary") or by Marathon and another Marathon Subsidiary, free and clear of all Liens.

Appears in 1 contract

Samples: Master Agreement (Marathon Oil Corp)

AutoNDA by SimpleDocs

Marathon Subsidiaries; Equity Interests. (a) All the outstanding shares of capital stock of, or other equity interests in, each Significant Marathon Subsidiary have been duly authorized and validly issued and are fully paid and nonassessable and are as of the date of this Agreement owned by Marathon, by another subsidiary of Marathon (a "Marathon Subsidiary") or by Marathon and another Marathon Subsidiary, free and clear of all Liens.

Appears in 1 contract

Samples: Master Agreement (Marathon Oil Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!