Parent Ownership of Class A and Class B Shares. Parent owns directly (or indirectly through THL) the Parent Shares and all such Parent Shares have been duly authorized, have been validly issued and fully paid and are nonassessable.
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Samples: Underwriting Agreement (Teekay Tankers Ltd.), Underwriting Agreement (Teekay Tankers Ltd.), Underwriting Agreement (Teekay Tankers Ltd.)
Parent Ownership of Class A and Class B Shares. Following the consummation of the Transactions, Parent owns directly (or indirectly through THL) the Parent Shares and all such Parent Shares have been duly authorized, have been validly issued and fully paid and are nonassessable; Parent owns all such shares free and clear of all Liens.
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