Subsidiaries and Other Activities Clause Samples
Subsidiaries and Other Activities. The Companies have no subsidiaries and, except for Sycamore and NE 23rd, do not own any interest in any other corporation, partnership, joint venture, limited liability company or other entity. PSEC's interest in NE 23rd and PSPC's interest in Sycamore are not subject to any options, contracts or rights of any other person nor are there any restrictions on the right to transfer such interests other than as specified in the respective organizational documents. The interests are free and clear or all liens, claims, encumbrances, security interests or burdens of any kind or description.
Subsidiaries and Other Activities. Carlton has no direct subsidiaries other than MCEN. MCEN has no subsidiaries other than the subsidiaries shown on Exhibit A and, except for CFLP and the Drilling Partnerships or as disclosed in Schedule 4.10, does not own any interest in any other corporation, partnership, joint venture, limited liability company or other entity. All of the issued and outstanding stock of each subsidiary corporation shown in Exhibit A is owned by MCEN. There are no outstanding warrants, options, contracts, calls, or other rights of any kind or restriction on the right of transfer with regard to any issued and outstanding, authorized and unissued, or issued but not outstanding, shares of common stock or any other security of any such subsidiary of any kind.