Common use of Subsidiary Capitalization Clause in Contracts

Subsidiary Capitalization. All the outstanding shares of capital stock of each Subsidiary have been duly authorized and validly issued, are fully paid and non-assessable and, except to the extent set forth in the Registration Statement, the Prospectus and the Prospectus Supplement, are owned by the Company directly or indirectly through one or more wholly-owned Subsidiaries, free and clear of any claim, lien, encumbrance, security interest, restriction upon voting or transfer or any other claim of any third party.

Subsidiary Capitalization. All the outstanding shares of capital stock of each Subsidiary subsidiary have been duly authorized and validly issued, issued and are fully paid and non-assessable assessable, and, except to the extent as otherwise set forth in the Registration StatementDisclosure Package and International Prospectus, all outstanding shares of capital stock of the Prospectus and the Prospectus Supplement, subsidiaries are owned by the Company either directly or indirectly through one or more wholly-wholly owned Subsidiaries, subsidiaries free and clear of any claim, lien, encumbrance, security interest, restriction upon voting claim, lien or transfer or any other claim of any third partyencumbrance.

Subsidiary Capitalization. All the outstanding shares of equity capital stock of each Designated Subsidiary have has been duly authorized and validly issued, are issued and is fully paid and non-assessable nonassessable, and, except to the extent as otherwise set forth in the Registration Statement, the Prospectus Disclosure Package and the Prospectus SupplementProspectus, are all outstanding equity capital stock of the Designated Subsidiaries is owned by the Company either directly or indirectly through one or more wholly-owned Subsidiaries, subsidiaries free and clear of any claim, lien, encumbrance, security interest, restriction upon voting claim, lien or transfer or any other claim of any third partyencumbrance.