As of the Closing Date, neither any Holding Company nor any Covenant Entity has any Subsidiaries or Variable Interest Entities other than those specifically disclosed in Part (a) of Schedule 5.11 , and all of the outstanding Equity Interests in each Holding Company (other than Nexstar Media), each Covenant Entity and their respective Subsidiaries have been validly issued, are fully paid and nonassessable, and such Equity Interests of the Covenant Entities and their Subsidiaries (and, to the knowledge of the Borrower, the Equity Interests of the Variable Interest Entities) are owned by the Person(s) set forth in Part (a) of Schedule 5.11 , in each case in the amounts specified in Part (a) of Schedule 5.11 free and clear of all Liens except (i) those created under the Security Documents and (ii) any nonconsensual Lien that is permitted under Section 7.01 . As of the Closing Date, Part (b) of Schedule 5.11 is a complete and accurate list of (x) all Holding Companies and all Covenant Entities and their Subsidiaries and all Variable Interest Entities and (y) with respect to the Variable Interest Entities, limited to the knowledge of the Borrower, the jurisdiction of each such Person’s incorporation, the address of its principal place of business and its U.S. taxpayer identification number.