On the Effective Date, the Borrower has no (a) direct or indirect Subsidiaries or (b) investments in any Person that would be consolidated, in accordance with GAAP, with the Borrower on the financial statements referred to in Section 6.1(a), except, in each case, as disclosed in Schedule 4.11 . Such Schedule sets forth the ownership interest of the Borrower in each Subsidiary and identifies each Subsidiary that is a Subsidiary Guarantor on the Effective Date. Except as disclosed in Schedule 4.11 , as of the Effective Date neither the Borrower nor any Subsidiary Guarantor has issued any Disqualified Equity and there are no outstanding options or warrants to purchase Equity Interests of the Borrower or any Subsidiary Guarantor of any class or kind, and there are no agreements, voting trusts or understandings with respect thereto or affecting in any manner the sale, pledge, assignment or other disposition thereof, including any right of first refusal, option, redemption, call or other rights with respect thereto, whether similar or dissimilar to any of the foregoing.