Common use of Ownership of Buyer Clause in Contracts

Ownership of Buyer. It 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 options, warrants or other rights to acquire securities of Buyer.

Appears in 2 contracts

Samples: Receivables Sale Agreement (PPL Electric Utilities Corp), Receivables Sale Agreement (Vitro Sa De Cv)

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Ownership of Buyer. It Seller owns, directly or indirectly, 100% of the issued and outstanding equity interests capital stock of Buyer, free and clear of any Adverse Claim. Such equity interests are capital stock is 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 (Anixter International Inc), Receivables Sale Agreement (Trendwest Resorts Inc)

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Ownership of Buyer. It The Seller owns, directly or indirectly, 100% of the issued and outstanding equity interests capital stock of the Buyer, free and clear of any Adverse ClaimLien. Such equity interests are All such capital stock is validly issued, fully paid and nonassessable, and there are no options, warrants or other rights to acquire any securities of the Buyer.

Appears in 1 contract

Samples: Receivables Sale Agreement (Anixter International Inc)

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