Ownership and Subsidiaries. Except as set forth in Schedule 3.1(d), all of the issued and outstanding Capital Stock of each of the other Loan Parties is held directly or indirectly by the Borrower. The ownership of each of the Loan Parties and each of the Subsidiaries of each of the Loan Parties is specified correctly and completely on Schedule 3.1(d) annexed hereto. None of the Capital Stock of the Persons identified on Schedule 3.1(d) annexed hereto is Margin Stock, except as specified on such Schedule. Each of the Subsidiaries of the Loan Parties identified on Schedule 3.1(d) annexed hereto is validly existing and in good standing under the laws of its respective jurisdiction of incorporation or organization, as the case may be, and has full corporate or partnership, as the case may be, power and authority to own its assets and properties and to operate its business as presently owned and conducted except where failure to be in good standing or a lack of corporate or partnership, as the case may be, power and authority, has not had and could not reasonably be expected to have a Material Adverse Effect.
Ownership and Subsidiaries. The Corporation owns 100% of the membership interests in the General Partner. The General Partner owns the 1% general partnership interest in the Company and the Corporation owns the 99% limited partnership interest in the Company. The Company owns directly or indirectly, all of the issued and outstanding equity interests of all of its Subsidiaries, which interests will have been duly authorized and validly issued, fully paid and non-assessable and be owned free and clear of any Liens. There are no outstanding warrants or options to acquire, or instruments convertible into or exchangeable for, any equity interest in any such Subsidiary. As of the Effective Date, the Company will have no Subsidiaries other than the Subsidiaries listed on Exhibit A. The only general partner of the Company is the General Partner, which as of the Effective Date owns a 1% interest in the Company.
Ownership and Subsidiaries. All of the issued and outstanding Capital Stock of each of the other Loan Parties is held directly or indirectly by the Borrower. The ownership of each of the Loan Parties and each of the Subsidiaries of each of the Loan Parties is specified correctly and completely on Schedule 3. 1 (d) annexed hereto. None of the Capital Stock of the Persons identified on Schedule 3.1(d) annexed hereto is Margin Stock, except as specified on such Schedule. Each of the Subsidiaries of the Loan Parties identified on Schedule 3.1(d) annexed hereto is validly existing and in good standing under the laws of its respective jurisdiction of incorporation or organization, as the case may be, and has full corporate or partnership, as the case may be, power and authority to own its assets and properties and to operate its business as presently owned and conducted except where failure to be in good standing or a lack of corporate or partnership, as the case may be, power and authority, has not had and could not reasonably be expected to have a Material Adverse Effect.
Ownership and Subsidiaries. As of the date hereof, (i) ninety- -------------------------- nine percent (99%) of the economic interests in the Guarantor are owned by NovaStar Financial, and (ii) one hundred percent (100%) of the outstanding stock of each of NovaStar Mortgage and NovaStar Capital is owned by the Guarantor. NovaStar Mortgage has no Subsidiaries other than NovaStar Mortgage Funding Corporation II and NovaStar REMIC Financing Corporation. NovaStar Capital has no Subsidiaries. The Guarantor has no Subsidiaries other than NovaStar Mortgage, NovaStar Capital and The Hiresource, Inc. NovaStar Financial has no Subsidiaries other than Guarantor, NovaStar Assets Corporation, NovaStar Certificates Financing Corporation, NovaStar Mortgage Funding Corporation and NovaStar Capital Access Corporation."
Ownership and Subsidiaries. As of the date hereof, (i) ninety- nine percent (99%) of the economic interests in the Guarantor are owned by NovaStar Financial, and (ii) one hundred percent (100%) of the outstanding stock of NovaStar Mortgage is owned by the Guarantor. NovaStar Mortgage has no Subsidiaries, the Guarantor has no Subsidiaries other than NovaStar Mortgage, and NovaStar Financial has no Subsidiaries other than the Guarantor and NovaStar Assets Corp.
Ownership and Subsidiaries. As of the date hereof, the outstanding stock of the Company is owned by Parent, and the Company has no subsidiaries.
Ownership and Subsidiaries. SCHEDULE II attached hereto and incorporated herein by reference lists (i) all of the shareholders of the Company and (ii) all of the Subsidiaries of the Company, each as of the effective date of this Agreement.
Ownership and Subsidiaries. The Company: (A) is owned 100% by the Guarantor; and (2) has no Subsidiaries.
Ownership and Subsidiaries. As of the date hereof, ninety-nine -------------------------- percent (99%) of the economic interests in the Company are owned by NovaStar Financial. The Company has no Subsidiaries.
