Ownership of Equity Interests. As of the Closing Date: (a) The Equity Interests in each Loan Party have been duly authorized and validly issued. There is no existing option, warrant, call, right, commitment or other agreement to which any Loan Party is a party requiring, and there is no Equity Interest in any Loan Party outstanding which upon conversion or exchange would require, the issuance by such Loan Party of any additional membership interests or other Equity Interests in such Loan Party or other securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase a membership interest or other Equity Interest in such Loan Party. (b) 100% of the Equity Interests in the Borrower is owned by Holdings. 100% of the Equity Interests in each of Gateway, Storage Holdings and Vista is owned by the Borrower. 100% of the Equity Interests in Diablo Holdings is owned by Storage Holdings. 100% of the Equity Interests in Diablo is owned by Diablo Holdings.
Appears in 3 contracts
Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
Ownership of Equity Interests. As of the Closing Date:
(a) The Equity Interests in each Loan Party have been duly authorized and validly issued. There is no existing option, warrant, call, right, commitment or other agreement to which any Loan Party is a party requiring, and there is no Equity Interest in any Loan Party outstanding which upon conversion or exchange would require, the issuance by such Loan Party of any additional membership interests or other Equity Interests in such Loan Party or other securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase a membership interest or other Equity Interest in such Loan Party.
(b) 100% of the Equity Interests in the Borrower is owned by Holdings. 100% of the Equity Interests in each of Gateway, Storage Holdings Holdings, Vista and Vista LeConte is owned by the Borrower. 100% of the Equity Interests in Diablo Holdings is owned by Storage Holdings. 100% of the Equity Interests in Diablo is owned by Diablo Holdings.
Appears in 1 contract
