Common use of Outstanding Equity Clause in Contracts

Outstanding Equity. The authorized Capital Stock of the Borrower and each of the Subsidiaries will consist as of the Effective Date, after giving effect to the transactions contemplated to occur on or before the Effective Date, of the aggregate number of shares of common and preferred stock, having the respective par values and series, in each case as listed in Schedule 4.01(n) hereto. On the Effective Date, after giving effect to the transactions contemplated to occur on or before the Effective Date, the number of shares of common stock and each series of preferred stock of the Borrower and each of its Subsidiaries will be duly and validly issued and outstanding as listed in said Schedule 4.01(n) and will be owned beneficially and of record by the Persons as listed in said Schedule 4.01(n).