Common use of Subsidiary Undertakings Clause in Contracts

Subsidiary Undertakings. 2.2.1 The Company does not have and has never had a subsidiary undertaking other than the Subsidiary Undertakings. No Group Company has an interest in, nor has it agreed to acquire an interest in, a corporate body, association or partnership other than the Subsidiary Undertakings. 2.2.2 Each allotted and issued share in the capital of each Subsidiary Undertaking is legally and beneficially owned by a Group Company alone, has been properly allotted and issued and is fully paid or credited as fully paid. 2.2.3 There is no Encumbrance, and there is no agreement, arrangement or obligation to create or give an Encumbrance, in relation to a share or unissued share in the capital of a Subsidiary Undertaking. No Manager has received written notification from a person claiming to be entitled to an Encumbrance in relation to any of those shares and no Manager is aware of any such claim.

Subsidiary Undertakings. 2.2.1 3.2.1 The Company does not have have, and has never had had, a subsidiary undertaking other than the Subsidiary Undertakings. No Group . 3.2.2 The Company has an no interest in, nor and has it not agreed to acquire an interest in, a corporate body, association or partnership body other than the Subsidiary Undertakings. 2.2.2 3.2.3 Each allotted and issued share in the capital of each Subsidiary Undertaking is legally and beneficially owned by a Group Company alone, has been properly allotted and issued and is fully paid or credited as fully paid. 2.2.3 3.2.4 There is no Encumbrance, and there is no agreement, arrangement or obligation to create or give an Encumbrance, in relation to a share or unissued share in the capital of a Subsidiary Undertaking. No Manager person has received written notification from a person claiming claimed to be entitled to an Encumbrance in relation to any of those shares and no Manager is aware of any such claimshares.