Ownership of the Subsidiaries. The Company owns, directly or indirectly, 100% of the equity interests in each of the Subsidiaries; such equity interests are duly authorized and validly issued in accordance with the organizational documents of each Subsidiary (the “Subsidiaries’ Organizational Documents”) and are fully paid and nonassessable; and the Company owns such equity interests free and clear of all pledges, liens, encumbrances, security interests, charges, equities or other claims (collectively, “Liens”) except for Liens under the Credit Agreements.
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Samples: Underwriting Agreement (Teekay Tankers Ltd.), Teekay Tankers Ltd.
Ownership of the Subsidiaries. The Company owns, directly or indirectly, owns 100% of the equity interests in each of the Subsidiaries; such equity interests are have been duly authorized and validly issued in accordance with the organizational documents of each Subsidiary (the “Subsidiaries’ Organizational Documents”) and are , have been fully paid and are nonassessable; and the Company owns such equity interests free and clear of all pledges, liens, encumbrances, security interests, charges, equities or other claims (collectively, “Liens”) Liens except for Liens under pursuant to the Credit Agreements.
Appears in 2 contracts
Samples: Underwriting Agreement (Teekay Tankers Ltd.), Teekay Tankers Ltd.
Ownership of the Subsidiaries. The Company owns, directly or indirectly, owns 100% of the equity interests in each of the Subsidiaries; such equity interests are have been duly authorized and validly issued in accordance with the organizational documents of each Subsidiary (the “Subsidiaries’ Organizational Documents”) and are Documents applicable to such Subsidiaries, have been fully paid and are nonassessable; and the Company owns such equity interests free and clear of all pledges, liens, encumbrances, security interests, charges, equities or other claims (collectively, “Liens”) Liens except for Liens under pursuant to the Credit Agreements.
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