Common use of STRUCTURE; CAPITALIZATION Clause in Contracts

STRUCTURE; CAPITALIZATION. The Borrower Representative has delivered to the Lender true and correct copies of Charter Documents for each Borrower. The record and beneficial owners of the equity interests of the Borrowers and their Subsidiaries are as described in the Disclosure Schedule. No Borrower has any Subsidiaries other than as described in the Disclosure Schedule. Except as set forth in the Disclosure Schedule, there are no options, warrants or other rights to acquire any of the capital stock of any Borrower. Peak Resorts has and will continue to have a Fiscal Year end on the last day of March in each calendar year.