Common use of The Subsidiary Clause in Contracts

The Subsidiary. (a) The Company is the sole legal and beneficial owner of all of the issued share capital of the Subsidiary, free from all security interests, options, equities, claims or other third party rights (including rights of pre-emption) of any nature whatsoever. (b) The information in respect of the Subsidiary set out in Part B of Schedule 2 is true and accurate.

The Subsidiary. (a) The Company is the sole legal and beneficial owner of all the whole of the issued share capital of the Subsidiary, Subsidiary free from all security interests, options, equities, claims or other third party rights (including including, without limitation, rights of pre-emption) of any nature whatsoever, and all such shares are fully paid or properly credited as fully paid and there is no outstanding liability to pay any additional contributions on such shares. (b) The information in respect of the Subsidiary set out in Part B of Schedule 2 is true and accurate.