Common use of Ownership of Buyer Clause in Contracts

Ownership of Buyer. Parent owns, directly or indirectly, 100% of the issued and outstanding Equity Interests of Buyer. Such Equity Interests are validly issued, fully paid and nonassessable, and there are no options, warrants or other rights to acquire securities of Buyer.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Fisher Scientific International Inc), Receivables Sale Agreement (Spherion Corp), Receivables Sale Agreement (Spherion Corp)

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

Appears in 2 contracts

Samples: Receivables Sale Agreement (Airborne Inc /De/), Receivables Sale Agreement (Lafarge Corp)

Ownership of Buyer. Parent owns, directly or indirectly, 100% of the issued and outstanding Equity Interests of each Originator and Buyer. Such Equity Interests are validly issued, fully paid and nonassessable, and there are no options, warrants or other rights to acquire securities of BuyerBuyer or any Originator.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Rock-Tenn CO), Receivables Sale Agreement (Rock-Tenn CO)

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

Appears in 1 contract

Samples: Receivables Sale and Contribution Agreement (Choicepoint Inc)

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Ownership of Buyer. Parent owns, directly or indirectly, 100% of the issued and outstanding non-voting Equity Interests Interests, and 49% of the voting Equity Interests, of Buyer. Such Equity Interests are validly issued, fully paid and nonassessable, and there are no options, warrants or other rights to acquire securities of Buyer.

Appears in 1 contract

Samples: Receivables Sale Agreement (Wolverine Tube Inc)

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