Common use of Subsidiaries and Ownership of the Borrower Clause in Contracts

Subsidiaries and Ownership of the Borrower. The Borrower has no Subsidiaries. The outstanding stock of the Borrower has been duly and validly issued and is fully paid and nonassessable by the Borrower and the number of such shares of capital stock of the Borrower are set forth on SCHEDULE 5.1(b).

Appears in 1 contract

Samples: Loan and Security Agreement (Dataflex Corp)

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Subsidiaries and Ownership of the Borrower. The Borrower has no Subsidiaries, other than those disclosed to Lender. The outstanding stock of the Borrower has been duly and validly issued and is fully paid and nonassessable by the Borrower and the number of such shares of capital stock of the Borrower are set forth on SCHEDULE 5.1(b)Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Freedom Financial Group Inc)

Subsidiaries and Ownership of the Borrower. The Except as set forth on Schedule 5.1(b), the Borrower has no Subsidiaries. The outstanding stock of the Borrower has been duly and validly issued and is fully paid and nonassessable by the Borrower and the number and owners of such shares of capital stock of the Borrower are set forth on SCHEDULE Schedule 5.1(b).

Appears in 1 contract

Samples: Loan and Security Agreement (Shoneys Inc)

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Subsidiaries and Ownership of the Borrower. The Except as set forth on Schedule 5.1(b), the Borrower has no Subsidiaries. The outstanding stock of the Borrower has been duly and validly issued and is fully paid and nonassessable by the Borrower and the number of such shares of capital stock of the Borrower are set forth on SCHEDULE 5.1(b)nonassessable.

Appears in 1 contract

Samples: Loan Agreement (Us Franchise Systems Inc/)

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