Common use of Authorization of Pledged Equity Clause in Contracts

Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person.

Appears in 38 contracts

Samples: Security and Pledge Agreement (I3 Verticals, Inc.), Security and Pledge Agreement (Duluth Holdings Inc.), Security and Pledge Agreement (Lydall Inc /De/)

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Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Personperson.

Appears in 16 contracts

Samples: Security and Pledge Agreement (Cardiff Lexington Corp), Pledge and Security Agreement (Lucy Scientific Discovery, Inc.), Security and Pledge Agreement (Cardiff Lexington Corp)

Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights, warrants, options or other rights to purchase of any Person, or equityholder, voting trust or similar agreements outstanding with respect to, or property that is convertible, into, or that requires the issuance and sale of, any of the Pledged Equity, except to the extent expressly permitted under the Loan Documents.

Appears in 16 contracts

Samples: Security and Pledge Agreement (Balchem Corp), Security and Pledge Agreement (Trex Co Inc), Security and Pledge Agreement (Acadia Healthcare Company, Inc.)

Authorization of Pledged Equity. All Pledged Equity (i) is duly authorized and validly issued, (ii) is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person, (iii) is beneficially owned as of record by a Grantor and (iv) constitute all the issued and outstanding shares of all classes of the equity of such Issuer issued to such Grantor.

Appears in 15 contracts

Samples: Security and Pledge Agreement (Bowman Consulting Group Ltd.), Security and Pledge Agreement (Bowman Consulting Group Ltd.), Execution Copy Security and Pledge Agreement (Babcock & Wilcox Enterprises, Inc.)

Authorization of Pledged Equity. All Pledged Equity (i) is duly authorized and validly issued, (ii) is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person, (iii) is beneficially owned as of record by a Grantor and (iv) constitutes all the issued and outstanding shares of all classes of the equity of such Issuer issued to such Grantor.

Appears in 6 contracts

Samples: Security and Pledge Agreement (Good Times Restaurants Inc.), Security and Pledge Agreement (Irobot Corp), Security Agreement (BBX Capital, Inc.)

Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable non-assessable and is not subject to the preemptive rights, warrants, options or other rights to purchase of any Person, or equityholder, voting trust or similar agreements outstanding with respect to, or property that is convertible, into, or that requires the issuance and sale of, any of the Pledged Equity, except to the extent expressly permitted under the Loan Documents.

Appears in 4 contracts

Samples: Credit Agreement (Aaron's Company, Inc.), Credit Agreement (Aaron's Company, Inc.), Credit Agreement (Aaron's Company, Inc.)

Authorization of Pledged Equity. All Pledged Equity is (i) duly authorized and validly issued, is (ii) fully paid and, to the extent applicable, nonassessable and (iii) is not subject to the preemptive rights of any Person.

Appears in 3 contracts

Samples: Pledge Agreement, Pledge Agreement (Huron Consulting Group Inc.), Pledge Agreement (Huron Consulting Group Inc.)

Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable non-assessable and is not subject to the preemptive rights, warrants, options or other rights to purchase of any Person, or equityholder, voting trust or similar agreements outstanding with respect to, or property that is convertible, into, or that requires the issuance and sale of, any of the Pledged Equity, except to the extent expressly permitted under the Credit Documents.

Appears in 3 contracts

Samples: Loan Facility Agreement and Guaranty (Aaron's Company, Inc.), Loan Facility Agreement and Guaranty (Aaron's Company, Inc.), Loan Facility Agreement and Guaranty (Aaron's Company, Inc.)

Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights, warrants, options or other rights to purchase of any Person, or equityholder, voting trust or similar agreements outstanding with respect to, or property that is convertible, into, or that requires the issuance and sale of, any of the Pledged Equity, except to the extent expressly permitted under the Credit Documents.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Citizens, Inc.), Pledge and Security Agreement (FutureFuel Corp.), Pledge and Security Agreement (FutureFuel Corp.)

Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights, warrants, options or other rights to purchase of any Person, or equityholder, voting trust or similar agreements outstanding with respect to, or property that is convertible, into, or that requires the issuance and sale of, any of the Pledged Equity, except to the extent permitted under the Loan Documents.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Orbital Atk, Inc.), Security and Pledge Agreement (Orbital Sciences Corp /De/)

Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicableapplicable (other than any such Pledged Equity that constitutes a limited liability company interest or other analogous equity interest), nonassessable and is not subject to the preemptive rights of any Personnonassessable.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Newport Corp), Security and Pledge Agreement (Newport Corp)

Authorization of Pledged Equity. All The Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person.

Appears in 2 contracts

Samples: Credit Agreement (Prometheus Laboratories Inc), Credit Agreement (Prometheus Laboratories Inc)

Authorization of Pledged Equity. All Pledged Equity (i) is duly authorized and validly issued, (ii) is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person, and (iii) is beneficially owned as of record by a Grantor.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Hain Celestial Group Inc), Security and Pledge Agreement (Hain Celestial Group Inc)

Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and and, except as set forth on Schedule 6.2 to the Credit Agreement, is not subject to the preemptive rights, warrants, options or other rights to purchase of any Person, or equityholder, voting trust or similar agreements outstanding with respect to, or property that is convertible, into, or that requires the issuance and sale of, any of the Pledged Equity, except to the extent expressly permitted under the Credit Documents.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Computer Programs & Systems Inc), Pledge and Security Agreement (Computer Programs & Systems Inc)

Authorization of Pledged Equity. All The Pledged Equity is (i) duly authorized and validly issued, and if the issuer of the applicable Pledged Equity is a corporation, fully paid and, to the extent applicable, and nonassessable and is (ii) not subject to the preemptive rights of any Person.

Appears in 1 contract

Samples: Credit Agreement (Fleetcor Technologies Inc)

Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable non-assessable, and is not subject to the preemptive rights, warrants, options, or other rights to purchase of any Person, or of any equity-holder, voting trust or similar agreements outstanding with respect to, or with respect to property that is convertible into, or that requires the issuance and sale of, any such Pledged Equity, in each case, except to the extent expressly permitted under the Loan Documents.

Appears in 1 contract

Samples: Security and Pledge Agreement (Rotech Healthcare Holdings Inc.)

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Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive warrants, options or other rights to purchase of any Person, or equityholder, voting trust or similar agreements outstanding with respect to, or property that is convertible, into, or that requires the issuance and sale of, any of the Pledged Equity, except to the extent expressly permitted under the Loan Documents.

Appears in 1 contract

Samples: Security and Pledge Agreement (5.11 Abr Corp.)

Authorization of Pledged Equity. All To such Obligor’s knowledge, all Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person. None of such Pledged Equity is subject to any option, right of first refusal, call, purchase or similar right of any Person.

Appears in 1 contract

Samples: Loan, Security and Pledge Agreement (Greenlane Holdings, Inc.)

Authorization of Pledged Equity. All Pledged Equity owned by such Obligor is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person.

Appears in 1 contract

Samples: Security and Pledge Agreement (Owens & Minor Inc/Va/)

Authorization of Pledged Equity. All Pledged Equity (i) is duly authorized and validly issued, (ii) is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person., (iii) is beneficially owned as of record by a Grantor and (iv) constitute all the issued and outstanding shares of all classes of the equity of such Issuer issued to such Grantor. (g)

Appears in 1 contract

Samples: Active 696107325v8 Security and Pledge Agreement (Lifevantage Corp)

Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person.. (e)

Appears in 1 contract

Samples: Credit Agreement (Sabra Health Care REIT, Inc.)

Authorization of Pledged Equity. All Pledged Equity (i) is duly authorized and validly issued, (ii) is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person., (iii) is beneficially owned as of record by a Grantor and (iv) constitutes all the issued and outstanding shares of all classes of the equity of such Issuer issued to such Grantor. (f)

Appears in 1 contract

Samples: Credit Agreement (Advanced Emissions Solutions, Inc.)

Authorization of Pledged Equity. All As of the Closing Date, all Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person.

Appears in 1 contract

Samples: Postpetition Security and Pledge Agreement (FTD Companies, Inc.)

Authorization of Pledged Equity. All Pledged Equity is (i) duly authorized and validly issued, is (ii) fully paid and, to the extent applicable, nonassessable and is (iii) not subject to the preemptive rights of any Person.

Appears in 1 contract

Samples: Pledge Agreement (Huron Consulting Group Inc.)

Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights, warrants, options or other rights to purchase of any Person, or equityholder, voting trust or similar agreements outstanding with respect to, or property that is convertible into, or that requires the issuance and sale of, any of the Pledged Equity, except to the extent expressly permitted under the Credit Documents.

Appears in 1 contract

Samples: Pledge and Security Agreement (Viemed Healthcare, Inc.)

Authorization of Pledged Equity. All Pledged Equity being pledged by such Obligor is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable non-assessable and is not subject to the preemptive rights of any Person.

Appears in 1 contract

Samples: Security and Pledge Agreement (AeroVironment Inc)

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