Common use of Ownership of the Xxxxxxxx Islands Subsidiaries Clause in Contracts

Ownership of the Xxxxxxxx Islands Subsidiaries. Listed on Schedule II are the owners of record of the stock or membership interests of each of the Operating Subsidiaries set forth in Schedule II and formed in the Republic of The Xxxxxxxx Islands. Such stock or membership interests, as applicable, have been duly authorized and validly issued in accordance with the organizational documents of each such Operating Subsidiary, as amended or restated prior to the date hereof, and are fully paid (to the extent required under the organizational documents of each such Operating Subsidiary) and nonassessable (except as such nonassessability may be affected by applicable the law of the Republic of The Xxxxxxxx Islands and subject to the provisions of the applicable organizational documents). To such counsel’s knowledge, the Partnership, the Operating Company, Teekay Nakilat Holdings (III) Corporation, Teekay Nakilat (III) Corporation, Teekay Nakilat Holdings Corporation, Teekay Nakilat Corporation, Teekay LNG Holdco L.L.C., Teekay Tanggugh Borrower L.L.C., Teekay Tanggugh Holdings Corporation or Teekay BLT Corporation, as the case may be, beneficially owns the stock or membership interests, as applicable, of each of the Operating Subsidiaries set forth in Schedule II and formed in the Republic of The Xxxxxxxx Islands as described in parts the applicable part of Schedule II, free and clear of all pledges, liens, encumbrances, security interests or other claims, except for Claim Exceptions.

Ownership of the Xxxxxxxx Islands Subsidiaries. Listed on Schedule II are the owners of record of the stock or membership interests described in Schedule II, as applicable, of each of the Operating Subsidiaries set forth in Schedule II and formed in the Republic of The the Xxxxxxxx Islands. Such stock or membership interestsinterests described in Schedule II, as applicable, have been duly authorized and validly issued in accordance with the organizational documents of each such Operating Subsidiary, as amended or restated prior to the date hereof, and are fully paid (to the extent required under the organizational documents of each such Operating Subsidiary) and nonassessable (except as such nonassessability may be affected by applicable the law of the Republic of The Xxxxxxxx Islands and subject to the provisions of except as may otherwise be provided in the applicable organizational documents). To such counsel’s knowledge, the Partnership, the Operating Company, Teekay Nakilat Holdings (III) Corporation, Teekay Nakilat (III) Corporation, Teekay Nakilat Holdings Corporation, Teekay Nakilat Corporation, Teekay LNG Holdco L.L.C., Teekay Tanggugh Tangguh Borrower L.L.C., Teekay Tanggugh Holdings Corporation L.L.C. or Teekay BLT Tangguh Holdings Corporation, as the case may be, beneficially owns the stock or membership interests, as applicable, of each of the Operating Subsidiaries set forth in Schedule II and formed in the Republic of The Xxxxxxxx Islands as described in parts the applicable part of Schedule II, free and clear of all pledges, liens, encumbrances, security interests or other claims, except for Claim Exceptions.

Ownership of the Xxxxxxxx Islands Subsidiaries. Listed on Schedule II are the owners of record of the stock or membership interests described in Schedule II, as applicable, of each of the Operating Subsidiaries set forth in Schedule II and formed in the Republic of The the Xxxxxxxx Islands. Such stock or membership interestsinterests described in Schedule II, as applicable, have been duly authorized and validly issued in accordance with the organizational documents of each such Operating Subsidiary, as amended or restated prior to the date hereof, and are fully paid (to the extent required under the organizational documents of each such Operating Subsidiary) and nonassessable (except as such nonassessability may be affected by applicable the law of the Republic of The Xxx Xxxxxxxx Islands Xxxxxxx and subject to the provisions of except as may otherwise be provided in the applicable organizational documents). To such counsel’s knowledge, the Partnership, the Operating Company, Teekay Nakilat Holdings (III) Corporation, Teekay Nakilat (III) Corporation, Teekay Nakilat Holdings Corporation, Teekay Nakilat Corporation, Teekay LNG Holdco L.L.C., Teekay Tanggugh Tangguh Borrower L.L.C., Teekay Tanggugh Holdings Corporation L.L.C. or Teekay BLT Tangguh Holdings Corporation, as the case may be, beneficially owns the stock or membership interests, as applicable, of each of the Operating Subsidiaries set forth in Schedule II and formed in the Republic of The Xxxxxxxx Islands as described in parts the applicable part of Schedule II, free and clear of all pledges, liens, encumbrances, security interests or other claims, except for Claim Exceptions.