Common use of Ownership of Buyer Clause in Contracts

Ownership of Buyer. Finance LLC 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. Finance LLC has not Subsidiaries other than Buyer.

Appears in 4 contracts

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

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