Common use of Subsidiaries; Ownership Clause in Contracts

Subsidiaries; Ownership. Except as shown on Schedule 5.1, Borrower does not have any subsidiaries. The outstanding stock or membership interests of Borrower have been duly and validly issued and are fully paid and nonassessable, and the number and owners of such shares of capital stock or membership interests are set forth on Schedule 5.1.

Appears in 2 contracts

Samples: Loan and Security Agreement (ScripsAmerica, Inc.), Loan and Security Agreement (Zynex Inc)

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Subsidiaries; Ownership. Except as shown on Schedule 5.15.1(c), no Borrower does not have has any subsidiaries. The outstanding capital stock or membership interests of each Borrower have been duly and validly issued and are fully paid and nonassessable, and the number significant shareholders/members of each Borrower, and owners the of such the amount of shares of capital stock or membership interests interests, as applicable, held by such significant shareholders/members, in each case as of the date of this Agreement, are set forth on Schedule 5.15.1(c).

Appears in 1 contract

Samples: Loan and Security Agreement (Mendocino Brewing Co Inc)

Subsidiaries; Ownership. Except as shown on Schedule 5.15.1(c), Borrower does not have any subsidiaries. The outstanding stock or membership interests of Borrower have has been duly and validly issued and are is fully paid and nonassessable, nonassessable and the number and owners of such shares of capital stock or membership interests are set forth on Schedule 5.15.1(c).

Appears in 1 contract

Samples: Loan and Security Agreement (Dallas Gold & Silver Exchange Inc /Nv/)

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Subsidiaries; Ownership. Except as shown on Schedule 5.1, Borrower does not have any subsidiaries. The outstanding capital stock or membership interests of Borrower have been duly and validly issued and are fully paid and nonassessable, and the number and owners of such shares of capital stock or membership interests are set forth on Schedule 5.1.

Appears in 1 contract

Samples: Loan and Security Agreement (Zynex Inc)

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