Rudey and Rudey Sample Clauses

Rudey and Rudey. Timber Company own 1% and 99% member interests, respectively, in Holdings; such member interests have been duly authorized and validly issued in accordance with the Holdings Agreement and are fully paid (to the extent required under the Holdings Agreement) and nonassessable (except as such nonassessability may be affected by Section 18-607 of the Delaware LLC Act); and each of Rudey and Rudey Timber Company owns such respective member interests free and clear of all liens, encumbrances, security interests, charges or claims (A) in respect of which a financing statement under the Uniform Commercial Code of, in the case of Rudey, the State of New York, and in the case of Rudey Timber Company, the State of Delaware, naming Rudey or Rudey Timber Company, as applicable, as debtor is on file in the office of the Secretary of State of the applicable jurisdiction or (B) otherwise known to such counsel, without independent investigation, other than those created by or arising under the Delaware LLC Act;

Rudey and Rudey. Timber Company own 1% and 99% member interests, respectively, in Holdings free and clear of all liens, encumbrances, security interests, charges or claims (A) in respect of which a financing statement under the Uniform Commercial Code of, in the case of Rudey, the State of New York, and in the case of Rudey Timber Company, the State of Delaware, naming Rudey or Rudey Timber Company, as applicable, as debtor is on file in the office of the Secretary of State of the applicable jurisdiction or (B) otherwise known to such counsel, without independent investigation, other than those created by or arising under the Delaware LLC Act;