(a) Set forth on Schedule 3.15 is a complete and correct list of (i) all of the Subsidiaries of the Borrower as of the Effective Date, together with, for each such Subsidiary, (A) the jurisdiction of organization of such Subsidiary, (B) each Person holding direct ownership interests in such Subsidiary and (C) the percentage ownership of such Subsidiary represented by such ownership interests. Except as set forth on Schedule 3.15 , each of the Borrower and its Subsidiaries owns, free and clear of Liens and has the unencumbered right to vote, all the outstanding ownership interests in each Person shown to be held by it on Schedule 3.15 . All Equity Interests of each Subsidiary of the Borrower are duly and validly issued and are fully paid and non-assessable.