Common use of Pledged Equity Clause in Contracts

Pledged Equity. (i) Pledgor is the legal and beneficial owner of the Pledged Equity; (ii) the Pledged Equity is duly authorized and issued, fully paid and non-assessable (as applicable), and all documentary, stamp or other taxes or fees owing in connection with the issuance, transfer and/or pledge thereof hereunder have been paid; (iii) no dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Pledged Equity; (iv) the Pledged Equity is free and clear of all Liens, options, warrants, puts, calls or other rights of third Persons, and restrictions, other than the Lien created by this Agreement and Permitted Subordinate Liens; (v) Pledgor has full right and authority to pledge the Pledged Equity for the purposes and upon the terms set out herein; (vi) certificates (as applicable) representing the Pledged Equity have been delivered to Pledgee, together with a duly executed blank stock or transfer power for each certificate; and (vii) Borrower has not issued, and there are not outstanding, any options, warrants or other rights to acquire Equity of Borrower.

Pledged Equity. (i) Pledgor is the legal and beneficial owner of the Pledged Equity; (ii) the Pledged Equity is duly authorized and issued, fully paid and non-assessable (as applicable), and all documentary, stamp or other taxes or fees owing in connection with the issuance, transfer and/or pledge thereof hereunder have been paid; (iii) no dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Pledged Equity; (iv) the Pledged Equity is free and clear of all Liens, options, warrants, puts, calls or other rights of third Persons, and restrictions, other than the Lien created by this Agreement and Permitted Subordinate LiensAgreement; (v) Pledgor has full right and authority to pledge the Pledged Equity for the purposes and upon the terms set out herein; (vi) certificates (as applicable) representing the Pledged Equity have been delivered to Pledgee, together with a duly executed blank stock or transfer power for each certificate; and (vii) Borrower no Subsidiary has not issued, and there are not outstanding, any options, warrants or other rights to acquire Equity of Borrowerany Subsidiary.

Pledged Equity. (i) Pledgor is the legal and beneficial owner of the Pledged Equity; (ii) the Pledged Equity is duly authorized and issued, fully paid and non-assessable (as applicable), and all documentary, stamp or other taxes or fees owing in connection with the issuance, transfer and/or pledge thereof hereunder have been paid; (iii) no dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Pledged Equity; (iv) the Pledged Equity is free and clear of all Liens, options, warrants, puts, calls or other rights of third Persons, and restrictions, other than the Lien created by those Liens arising under this Agreement and Permitted Subordinate Liensor under the Bank One Pledge; (v) Pledgor has full right and authority to pledge the Pledged Equity for the purposes and upon the terms set out herein; (vi) certificates (as applicable) representing the Pledged Equity have been delivered to PledgeeBank One, NA as Collateral Agent, pursuant to the Bank One Pledge, together with a duly executed blank stock or transfer power for each certificate; and (vii) Borrower no Subsidiary has not issued, and there are not outstanding, any options, warrants or other rights to acquire Equity of Borrowerany Subsidiary.

Pledged Equity. (i) Pledgor is the legal and beneficial owner of the Pledged Equity; (ii) the Pledged Equity is duly authorized and issued, fully paid and non-assessable (as applicable), and all documentary, stamp or other taxes Taxes or fees owing in connection with the issuance, transfer and/or pledge thereof hereunder have been paid; (iii) no dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Pledged Equity; (iv) the Pledged Equity is free and clear of all Liens, options, warrants, puts, calls or other rights of third Persons, and restrictions, other than the Lien created by (a) those Liens arising under this Agreement or any other of the Loan Papers and Permitted Subordinate LiensLiens for Taxes not yet due and payable, and (b) restrictions on transferability imposed by applicable state and federal securities Laws; (v) Pledgor has full right and authority to pledge the Pledged Equity for the purposes and upon the terms set out herein; (vi) certificates (as applicable) representing the Pledged Equity have been delivered to Pledgee, together with a duly executed blank stock or transfer power for each certificate; and (vii) Borrower no Subsidiary has not issued, and there are not outstanding, any options, warrants or other rights to acquire Equity of Borrowerany Subsidiary.

Pledged Equity. (i) Pledgor is the legal and beneficial owner of the Pledged Equity; (ii) the Pledged Equity is duly authorized and issued, fully paid and non-assessable (as applicable), and all documentary, stamp or other taxes Taxes or fees owing in connection with the issuance, transfer and/or pledge thereof hereunder have been paid; (iii) no dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Pledged Equity; (iv) the Pledged Equity is free and clear of all Liens, options, warrants, puts, calls or other rights of third Persons, and restrictions, other than the Lien created by (A) those Liens arising under this Agreement or any other of the Loan Papers and Permitted Subordinate LiensLiens for Taxes not yet due and payable, and (B) restrictions on transferability imposed by applicable state and federal securities Laws; (v) Pledgor has full right and authority to pledge the Pledged Equity for the purposes and upon the terms set out herein; (vi) certificates (as applicable) representing the Pledged Equity have been delivered to Pledgee, together with a duly executed blank stock or transfer power for each certificate; and (vii) Borrower no Subsidiary has not issued, and there are not outstanding, any options, warrants or other rights to acquire Equity of Borrowerany Subsidiary.