Nikkiso-YSI Company, Limited Sample Clauses

Nikkiso-YSI Company, Limited. The authorized equity securities of Nikkiso-YSI Company, Limited (the “Nikkiso-YSI Joint Venture”) consist of 3,200 shares of capital stock, par value of 50,000 yen per share, of which 800 common shares are issued and outstanding. The Company is and will be on the Closing Date the record and beneficial owner of 400 common shares which constitutes a 50% ownership interest of the Nikkiso-YSI Joint Venture (the “Joint Venture Shares”) free and clear of all Encumbrances. Except as disclosed on Section 3.3(b) of the Disclosure Schedule, no legend or other reference to any purported Encumbrance appears upon any certificate representing the equity securities of the Nikkiso-YSI Joint Venture. All of the outstanding equity securities of the Nikkiso-YSI Joint Venture have been duly authorized and validly issued and are fully paid and nonassessable. Except as disclosed on Section 3.3(b) of the Disclosure Schedule, to the Knowledge of the Parent Seller and the Company, there are no Contracts relating to the issuance, sale, or transfer of any equity securities or other securities of the Nikkiso-YSI Joint Venture. To the Knowledge of the Parent Seller and the Company, none of the outstanding equity securities or other securities of the Nikkiso-YSI Joint Venture was issued in violation of the Securities Act or any other Legal Requirement. To the Knowledge of the Parent Seller and the Company, the Nikkiso-YSI Joint Venture does not own, or have any Contract to acquire, any equity securities or other securities of any Person or any direct or indirect equity or ownership interest in any other business.
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