Ownership of Borrowers. The equity interests in each of the Borrowers is duly authorized, validly issued and (if applicable) fully paid and nonassessable and, as of the Closing Date, none of such equity interests constitute Margin Stock. Schedule 5.1C, as it may be supplemented from time to time, correctly sets forth the ownership of each Borrower.
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Samples: Credit Agreement (Grand Canal Shops Mall Construction LLC), Credit Agreement (Las Vegas Sands Inc)
Ownership of Borrowers. The equity interests in each of the Borrowers is duly authorized, validly issued and (if applicable) fully paid and nonassessable and, as of the Closing Date, none of such equity interests constitute Margin Stock. Schedule 5.1C, as it may be supplemented from time to time, 4.1C correctly sets forth the ownership of each Borrower.
Appears in 1 contract
Samples: Credit Agreement (Grand Canal Shops Mall Construction LLC)
Ownership of Borrowers. The equity interests in each of the Borrowers is duly authorized, validly issued and (if applicable) fully paid and nonassessable and, as of the Closing DateNovember 14, 1997, none of such equity interests constitute Margin Stock. Schedule 5.1C, as it may be supplemented from time to time, correctly sets forth the ownership of each Borrower.
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