Other Business Organizations. Borrower neither owns nor has an interest in, directly or indirectly, any other corporation, partnership, joint venture or other business organization ("Subsidiaries").
Other Business Organizations. Schedule 2.1(b) hereto is a complete list of each corporation, partnership, joint venture or other business organization (any such corporation, partnership, joint venture or other business organization in which Borrower holds more than a 50% interest is referred to herein as a "Subsidiary" or, with respect to all such organizations, the "Subsidiaries") in which Borrower or any Subsidiary owns, directly or indirectly, any capital stock or other equity interest, or with respect to which Borrower or any Subsidiary, alone or in combination with others, is in a control position, which list shows the jurisdiction of incorporation or other organization and the percentage of stock or other equity interest of each Subsidiary owned by Borrower. Each Subsidiary which is a corporation is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and is duly qualified to transact business as a foreign corporation and is in good standing in the jurisdictions listed in Schedule 2.1(b), which are the only jurisdictions where the properties owned or leased or the business transacted by it makes such licensing or qualification to do business as a foreign corporation necessary, and no other jurisdiction has demanded, requested or otherwise indicated that (or inquired whether) it is required so to qualify. Each Subsidiary which is not a corporation is duly organized and validly existing under the laws of the jurisdiction of its organization. The outstanding capital stock of each Subsidiary which is a corporation is validly issued, fully paid and nonassessable. Borrower and the Subsidiaries have good and valid title to the equity interests in the Subsidiaries shown as owned by each of them on Schedule 2.1(b), free and clear of all
Other Business Organizations. Schedule 2.1(b) hereto is a ---------------------------- --------------- complete list as of the date hereof of each corporation, limited liability company, partnership, joint venture or other business organization (whether now or hereafter existing, the "Subsidiary" or, with respect to all organizations, the "Subsidiaries"; Borrower, the Subsidiaries, Creditcorp of Illinois, LLC and Creditcorp of Ohio, LLC are referred to hereinafter, individually as a "CIC Entity" and collectively as the "CIC Entities") in which Borrower or any Subsidiary owns, directly or indirectly, and capital stock or other equity interest, or with respect to which Borrower or any Subsidiary, alone or in combination with others, is in a control position, which list shows the jurisdiction of incorporation or other organization and the percentage of stock or other equity interest of each Subsidiary. Each CIC Entity which is a corporation is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and is duly qualified to transact business as a foreign corporation and is in good standing in the jurisdictions listed in Schedule -------- 2.1(b), and there is no other jurisdiction in which a failure to be so ------ qualified and in good standing would have a material adverse effect on such CIC Entity's financial position or its ability to conduct its business in the manner now being conducted. Each CIC Entity which is not a corporation is a limited liability company duly organized and validly existing under the laws of the jurisdiction of its organization and is duly qualified to transact business as a foreign entity and is in good standing in the jurisdictions listed in Schedule 2.1(b), and then is no other jurisdiction --------------- in which a failure to be so qualified and in good standing would have a material adverse effect on such CIC Entity's financial position or its ability to conduct is business in the manner now being conducted. The outstanding capital stock of each CIC Entity which is a corporation is validly issued, fully paid and nonassessable. The CIC Entities have good and valid title to the equity interests in the Subsidiaries shown as owned by each of them on Schedule 2.1(b), free and clear of all liens, claims, --------------- charges, restrictions, security interests, equities, proxies, pledges or encumbrances of any kind, except for any and all pledges in favor of Lender.
