Common use of Subsidiaries; Pledged Equity; Joint Ventures Clause in Contracts

Subsidiaries; Pledged Equity; Joint Ventures. (a) Schedule 3.14(a) sets forth the name and jurisdiction of incorporation or formation of each Guarantor, each other Subsidiary (to the extent that interests in its Capital Stock are to be pledged), and each first tier CFC whose Capital Stock is owned by a Loan Party and, as to each such Subsidiary, the percentage of each class of Capital Stock owned by any Loan Party; (b) there are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock options granted to employees or directors and directors’ qualifying shares) of any nature relating to any Capital Stock of the Borrower or any Subsidiary or any first tier CFC whose Capital Stock is owned by a Loan Party, except (i) as created by the Loan Documents and the Orders and (ii) with respect to any JV Subsidiary; and (c) Schedule 3.14(c) sets forth the name and jurisdiction of incorporation or formation of (i) each JV Subsidiary and (ii) each other Subsidiary of the Borrower that is not otherwise identified in Schedule 3.14(a).

Appears in 4 contracts

Samples: Possession Credit Agreement, Possession Credit Agreement, Possession Credit Agreement

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