All of the outstanding Equity Interests in the Parent’s Subsidiaries owned by the Parent or a Subsidiary of the Parent have been validly issued, are fully paid and nonassessable and, as of the Effective Date, are free and clear of all Liens (other than Liens under the Security Documents and Liens permitted under Section 6.3 ). All of the outstanding Equity Interests in the Parent have been validly issued, and are fully paid and nonassessable.
equity interests