Common use of Ownership of the Seller Clause in Contracts

Ownership of the Seller. One hundred percent (100%) of the outstanding capital stock of the Seller is directly owned (both beneficially and of record) by Diamond Resorts Corporation, a Maryland corporation. Such capital stock is validly issued, fully paid and nonassessable, and there are no options, warrants or other rights to acquire membership interests from the Seller.

Appears in 2 contracts

Samples: Purchase Agreement (Diamond Resorts Corp), Purchase Agreement (Diamond Resorts Parent, LLC)

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Ownership of the Seller. One hundred percent (100%) of the outstanding capital stock of the Seller is directly owned (both beneficially and of record) by Diamond Resorts Corporation, a Maryland corporation. Such capital KL2 2787979.5 stock is validly issued, fully paid and nonassessable, and there are no options, warrants or other rights to acquire membership interests from the Seller.

Appears in 1 contract

Samples: Purchase Agreement (Diamond Resorts Corp)

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Ownership of the Seller. One hundred percent (100%) of the outstanding capital stock of the Seller is directly owned (both beneficially and of record) by Diamond Resorts Corporation, a Maryland corporation. Such capital stock is validly issued, fully paid and nonassessable, and there are no options, warrants or other rights to acquire membership interests from the Seller.. KL2 2882246.3

Appears in 1 contract

Samples: Purchase Agreement (Diamond Resorts International, Inc.)

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