Examples of Operating Subsidiaries in a sentence
All equity interests in the Operating Subsidiaries have been issued in compliance with all applicable securities laws and were not issued in violation of any preemptive right, resale right, right of first refusal or similar right.
No options, warrants or other rights to purchase, agreements or other obligations to issue or rights to convert any obligation into equity interests in any of the Operating Subsidiaries are outstanding.
The Partnership has no other direct or indirect “subsidiaries” (as defined under the Securities Act) other than the Operating Subsidiaries.
KGEM is also affiliated with each of the Operating Subsidiaries and ERC.
KGEM is also affiliated with each of the other Operating Subsidiaries and ERC Home Builders, Inc.