Ownership of the Borrowers. The Company ceases to own, directly or indirectly and/or control 100 per cent. (other than (i) directors' qualifying shares and (ii) shares issued to foreign nationals to the extent required by applicable law) of the ordinary voting and economic power of any Borrower.
Ownership of the Borrowers. The equity interests in each of the Borrowers are duly authorized, validly issued and (if applicable) fully paid and nonassessable and, as of the Closing Date, none of such equity interests constitute Margin Stock. Schedule 4.1C, as it may be supplemented from time to time, correctly sets forth the ownership of each Borrower.
Ownership of the Borrowers. The Parent, or a direct Material Subsidiary of the Parent, will at all times own at least 80% of the outstanding equity of each Borrower (other than the Parent).
Ownership of the Borrowers. A Borrower is not or ceases to be a Subsidiary of the Guarantor.
Ownership of the Borrowers the Pledgor shall remain the one hundred percent (100%) legal and beneficial owner of each of the Borrowers (either directly or indirectly).
Ownership of the Borrowers. Any Borrower (other than the Parent) is not or ceases to be a Subsidiary of the Parent, unless the Majority Banks consent to the sale of such Borrower.
Ownership of the Borrowers. The Guarantor shall cease to own, directly or indirectly, all of the capital stock of the Borrowers free and clear of all Liens, adverse claims and rights of third parties; or
Ownership of the Borrowers. The Guarantor is the direct legal and beneficial owner of all the issued share capital and voting rights in respect of each Borrower free of Security Interests save for the Security Interests created pursuant to the Finance Documents and the Existing Facility which, in the case of the Security Interests created pursuant to the Existing Facility shall be fully discharged in the case of Borrower A no later than the first Drawdown Date and, in the case of Borrower B, no later than the second Drawdown Date.
Ownership of the Borrowers. As of the Restatement Date, all of the issued and outstanding capital stock of the Parent Company is owned in the percentages and by the persons or entities referenced on Schedule 5.22(a) hereto. Except as described on Schedule 5.22(b) hereto, all of the issued and outstanding capital stock or other ownership interests of each other Borrower is owned by either the Parent Company, the Primary Operating Company or another Borrower, free and clear of any and all liens, claims and encumbrances of any type or nature (other than the security interests granted to the Agent, for the benefit of the Lenders ratably, pursuant to this Agreement.
Ownership of the Borrowers. Each Borrower (other than the Guarantor) is a subsidiary, directly or indirectly, of the Guarantor.
