Common use of Ownership of Danish Subsidiaries Clause in Contracts

Ownership of Danish Subsidiaries. All of the shares of each Operating Subsidiary set forth in Schedule II and formed in Denmark have been validly created and, assuming creation against payment therefore, are fully paid. 100% of the shares of Malt LNG Holdings ApS are owned by Xxxx XXX Xxxxxxxxxxx Holdings B.V., and 100% of the shares in Malt LNG Transport ApS, Meridian Spirit ApS and Magellan Spirit ApS are owned, directly or indirectly, by Malt LNG Holdings ApS, in each case free and clear of all Liens other than pledges set forth in such counsel’s opinion (the “Danish Pledges”).

Ownership of Danish Subsidiaries. All of the shares of each Operating Subsidiary set forth identified as a significant subsidiary in Schedule II I and formed in Denmark have been validly created and, assuming creation against payment therefore, are fully paid. 10052% of the shares of Malt LNG Holdings ApS are owned by Xxxx XXX Xxxxxxxxxxx Holdings B.V.Luxco, and 100% of the shares in Malt LNG Transport ApS, Meridian Spirit ApS and Magellan Spirit ApS are owned, directly or indirectly, owned by Malt LNG Holdings ApS, in each case free and clear of all Liens other than pledges set forth in such counsel’s opinion (the “Danish Pledges”).

Ownership of Danish Subsidiaries. All of the shares of each Operating Subsidiary set forth in Schedule II and formed in Denmark have been validly created and, assuming creation against payment therefore, are fully paid. 100% of the shares of Malt LNG Holdings ApS are owned by Xxxx XXX Xxxxxxxxxxx Malt LNG Netherlands Holdings B.V., and 100% of the shares in Malt LNG Transport ApS, Meridian Spirit ApS and Magellan Spirit ApS are owned, directly or indirectly, owned by Malt LNG Holdings ApS, in each case free and clear of all Liens other than pledges set forth in such counsel’s opinion (the “Danish Pledges”).

Ownership of Danish Subsidiaries. All of the shares of each Operating Subsidiary set forth in Schedule II and formed in Denmark have been validly created and, assuming creation against payment therefore, are fully paid. 10052% of the shares of Malt LNG Holdings ApS are owned by Xxxx XXX Xxxxxxxxxxx Holdings B.V.Luxco, and 100% of the shares in Malt LNG Transport ApS, Meridian Spirit ApS and Magellan Spirit ApS are owned, directly or indirectly, by Malt LNG Holdings ApS, in each case free and clear of all Liens other than pledges set forth in such counsel’s opinion (the “Danish Pledges”).