Common use of Ownership of Equity Interests Clause in Contracts

Ownership of Equity Interests. The Texas Company or one ----------------------------- or more of its wholly-owned Subsidiaries owns, of record and beneficially, all of the issued and outstanding capital stock or other equity interests of each of the Texas Company Subsidiaries and all outstanding Equity Rights with respect to each Texas Company Subsidiary, free and clear (except as otherwise contemplated in the Second Amended and Restated Credit Agreement, dated as of October 15, 1998, among the Texas Company, certain of its Subsidiaries, the banks party thereto and Chase Bank of Texas, National Association, as Agent for such banks, as amended by the First Amendment to Second Amended and Restated Credit Agreement, dated as of May 25, 1999 among the same parties and the documents related thereto) of all Liens. Except as described above or as set forth in Section 4.6 of the Texas Company Disclosure Schedule, neither the Texas Company nor any of the Texas Company Subsidiaries owns or holds, directly or indirectly, any capital stock of, or other equity or other ownership interest in (or any securities, rights or other interests exchangeable for, convertible into or which otherwise relate to the acquisition of any capital stock of), any Person or is a partner or joint venturer in any partnership or joint venture material to the Texas Company.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Group Maintenance America Corp), Agreement and Plan of Merger (Apollo Investment Fund Iv Lp), Agreement and Plan of Merger (Group Maintenance America Corp)

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