Common use of Ownership of Spanish Subsidiaries Clause in Contracts

Ownership of Spanish Subsidiaries. All of the created units of stock of capital of each Spanish Subsidiary have been validly created and, assuming creation against payment therefore, are fully paid. All of the units of stock of corporate capital of the Spanish Subsidiaries are owned, directly or indirectly, by Luxco free and clear of all Liens, other than the pledges set forth on a schedule to such counsel’s opinion (the “Spanish Pledges”). To counsel’s knowledge, there are no outstanding rights, warrants or options to acquire, or instruments convertible or exchangeable for, any units of stock of any Spanish Subsidiary.

Ownership of Spanish Subsidiaries. All of the created units of stock of capital of each Spanish Subsidiary have been validly created and, assuming creation against payment therefore, are fully paid. All of the units of stock of corporate capital of the Spanish Subsidiaries are owned, directly or indirectly, by Luxco the Operating Company free and clear of all Liens, other than the pledges set forth for on a schedule to such counsel’s opinion Exhibit ___ (the “Spanish Pledges”"SPANISH PLEDGES"). To counsel’s our knowledge, there are no outstanding rights, warrants or options to acquire, or instruments convertible or exchangeable for, any units of stock of any Spanish Subsidiary.

Ownership of Spanish Subsidiaries. All of the created units of stock of capital of each Spanish Subsidiary have been validly created and, assuming creation against payment therefore, are fully paid. All of the units of stock of corporate capital of the Spanish Subsidiaries are owned, directly or indirectly, by Luxco the Operating Company free and clear of all Liens, other than the pledges set forth for on a schedule to such counsel’s opinion Exhibit A (the “Spanish Pledges”"SPANISH PLEDGES"). To counsel’s 's knowledge, there are no outstanding rights, warrants or options to acquire, or instruments convertible or exchangeable for, any units of stock of any Spanish Subsidiary.

Ownership of Spanish Subsidiaries. All of the created units of stock of capital of each Spanish Subsidiary have been validly created and, assuming creation against payment therefore, are fully paid. All of the units of stock of corporate capital of the Spanish Subsidiaries are owned, directly or indirectly, by Luxco the Operating Company free and clear of all Liens, other than the pledges set forth on a schedule to such counsel’s opinion (the “Spanish Pledges”). To counsel’s knowledge, there are no outstanding rights, warrants or options to acquire, or instruments convertible or exchangeable for, any units of stock of any Spanish Subsidiary.