Ownership of the Issuer. One hundred percent (100%) of the outstanding equity interest in the Issuer is directly owned (both beneficially and of record) by the Depositor.
Ownership of the Issuer. The Company will continue to directly or indirectly maintain 100% ownership of the Capital Stock of the Issuer or any permitted successor of the Issuer, provided, that any permitted successor of the Company may succeed to the Company’s ownership of such Capital Stock. The Company will cause the Issuer or its successor to engage only in those activities that are necessary, convenient or incidental to issuing and selling the Notes and any additional Indebtedness permitted under Section 4.3 (including the Issuer’s Guarantee of the Credit Facility and any Additional Notes), and advancing or distributing the proceeds thereof to the Company and its Subsidiaries and performing its obligations relating to the Notes and any such additional Indebtedness, pursuant to the terms thereof and of this Indenture and any other applicable indenture.
Ownership of the Issuer. On the 2012-1 Closing Date, all of the issued and outstanding membership interests of the Issuer are owned by TAL.
Ownership of the Issuer. All of the issued and outstanding membership interests of the Issuer are owned by TAL.
Ownership of the Issuer. CPS shall own beneficially and of record 100% of the membership interests in the Issuer free and clear of all Liens other than the Lien created pursuant to the Pledge Agreement.
Ownership of the Issuer. On the Closing Date, all the equity interests in the Issuer are owned by the Seller.
Ownership of the Issuer. All of the issued and outstanding membership interests in the Issuer are owned by XxXxxx, all of which membership interests have been validly issued, are fully paid and non-assessable and are owned of record by XxXxxx free and clear of all Liens other than Permitted Liens; provided, however, that any membership interests in the Issuer (the “SPV Issuer Equity”) may be pledged for the benefit of one or more Pledged Equity Secured Parties pursuant to any Pledged Equity Security Agreement as long as such Pledged Equity Security Agreement contains the Required Standstill Provisions.. The Issuer has no subsidiaries and owns no capital stock of, or other equity interest in, any Person.
Ownership of the Issuer. One hundred percent (100%) of the issued and outstanding shares of capital stock of the Issuer are directly owned (both beneficially and of record) by Midland Credit Management, Inc. Such shares are validly issued, fully paid and nonassessable and no one other than Midland Credit Management, Inc. has any options, warrants or other rights to acquire shares of capital stock of and from the Issuer.
Ownership of the Issuer. All of the issued and outstanding common membership interests in the Issuer are owned by XxXxxx, all of which common membership interests have been validly issued, are fully paid and non-assessable and are owned of record by XxXxxx free and clear of all Liens other than Permitted Liens; provided, however, that any membership interests (whether common, preferred, or of any other designation or class) in the Issuer (the “SPV Issuer Equity”) may be pledged for the benefit of one or more Pledged Equity Secured Parties pursuant to any Pledged Equity Security Agreement as long as such Pledged Equity Security Agreement contains the Required Standstill Provisions. The Issuer has no subsidiaries and owns no capital stock of, or other equity interest in, any Person.
Ownership of the Issuer. The Guarantor will not permit or cause the Capital Stock of the Issuer to be owned, in whole or in part, directly or indirectly by any Person other than the Guarantor or any Non-Operating Subsidiary of the Guarantor.
