Shares and Shareholders. All shares in the capital of the Operating Subsidiaries set forth in Schedule II and formed in The Bahamas have been validly created and all of the issued and outstanding shares in the capital of each Company are validly issued and are free and clear of all Liens. To the knowledge of such counsel, there are no outstanding rights, warrants or options to acquire, or instruments convertible or exchangeable for, any shares in the capital of any Company.
Appears in 3 contracts
Sources: Underwriting Agreement (Teekay LNG Partners L.P.), Underwriting Agreement (Teekay LNG Partners L.P.), Underwriting Agreement (Teekay LNG Partners L.P.)