Common use of Ownership of Buyer Clause in Contracts

Ownership of Buyer. Originator owns, directly or indirectly, 100% of the issued and outstanding equity interests of Buyer, free and clear of any Adverse Claim. Such equity interests are validly issued, fully paid and nonassessable, and there are no outstanding options, warrants or other rights to acquire equity interests or securities of Buyer.

Appears in 5 contracts

Samples: Receivables Sale Agreement (Anr Pipeline Co), Receivables Sale Agreement (Tennessee Gas Pipeline Co), Receivables Sale Agreement (Southern Natural Gas Co)

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Ownership of Buyer. Originator owns, directly or indirectly, 100% of the issued and outstanding equity interests Equity Interests of Buyer, free and clear of any Adverse Claim. Such equity interests Equity Interests are validly issued, fully paid and nonassessable, and there are no outstanding options, warrants or other rights to acquire equity interests or securities of Buyer.

Appears in 4 contracts

Samples: Receivable Sale Agreement (Ferrellgas Partners Finance Corp), Receivable Sale Agreement (Ferrellgas Partners Finance Corp), Receivable Interest Sale Agreement (Ferrellgas Partners Finance Corp)

Ownership of Buyer. Originator owns, directly or indirectly, 100% of the issued and outstanding equity membership interests of Buyer, free and clear of any Adverse Claim. Such equity interests are validly issued, fully paid and nonassessable, and there There are no outstanding options, warrants or other rights to acquire equity interests or securities of Buyer.

Appears in 4 contracts

Samples: Intercreditor Agreement (Consumers Energy Co), Intercreditor Agreement (Consumers Energy Co), Receivables Sale Agreement (CMS Energy Corp)

Ownership of Buyer. Originator owns, directly or indirectly, owns 100% of the issued and outstanding equity interests of the Buyer, free and clear of any Adverse Claim, other than Permitted Liens. Such equity interests are validly issued, fully paid and nonassessable, and there are no outstanding options, warrants or other rights to acquire equity interests or securities of the Buyer.

Appears in 4 contracts

Samples: Receivables Sale Agreement (Marathon Petroleum Corp), Receivables Sale Agreement (Marathon Petroleum Corp), Receivables Sale Agreement (Marathon Petroleum Corp)

Ownership of Buyer. Originator owns, directly or indirectly, 100% of the issued and outstanding equity membership interests of Buyer, free and clear of any Adverse Claim. Such equity membership interests are validly issued, fully paid and nonassessable, and there are no outstanding options, warrants or other similar rights to acquire member interests or other equity interests or securities of Buyer.

Appears in 3 contracts

Samples: Receivables Sale Agreement (Pennsylvania Electric Co), Receivables Sale Agreement (Pennsylvania Power Co), Receivables Sale Agreement (Pennsylvania Electric Co)

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Ownership of Buyer. Originator owns, directly or indirectly, 100% of the issued and outstanding equity interests of Buyer, free and clear of any Adverse Claim. Such equity interests are validly issued, fully paid and nonassessable, and there are no outstanding options, warrants or other rights to acquire equity interests or securities of Buyer.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Adc Telecommunications Inc), Receivables Sale Agreement (International Paper Co /New/)

Ownership of Buyer. Originator owns, directly or indirectly, 100% of the issued and outstanding equity interests of Buyer, free and clear of any Adverse Claim. Such equity interests are validly issued, fully paid and nonassessable, and there are no outstanding options, warrants or other rights to acquire equity interests or securities of Buyer.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Amerisourcebergen Corp), Receivables Sale Agreement (Amerisourcebergen Corp)

Ownership of Buyer. Parent Originator owns, directly or indirectly, 100% of the issued and outstanding equity interests of Buyer, free and clear of any Adverse ClaimClaims. Such equity interests are validly issued, fully paid and nonassessable, and there are no outstanding options, warrants or other rights to acquire equity interests or securities of Buyer.

Appears in 1 contract

Samples: Receivables Sale and Contribution Agreement (Choicepoint Inc)

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