Common use of Authorization of Pledged Shares Clause in Contracts

Authorization of Pledged Shares. The Pledged Shares of such Pledgor are duly authorized and validly issued, are fully paid and nonassessable and are not subject to the preemptive rights of any Person. All other shares of stock constituting Pledged Collateral will be duly authorized and validly issued, fully paid and nonassessable and not subject to the preemptive rights of any Person.

Appears in 4 contracts

Samples: Credit Agreement (Genicom Corp), Credit Agreement (Personnel Group of America Inc), Credit Agreement (Personnel Group of America Inc)

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Authorization of Pledged Shares. The Pledged Shares of being pledged by such Pledgor are duly authorized and validly issued, are fully paid and nonassessable and are not subject to the preemptive rights of any Person. All other shares of stock constituting Pledged Collateral will be duly authorized and validly issued, fully paid and nonassessable and not subject to the preemptive rights of any Person.

Appears in 3 contracts

Samples: Pledge Agreement, Pledge Agreement (Dermira, Inc.), Pledge Agreement (Kala Pharmaceuticals, Inc.)

Authorization of Pledged Shares. The Pledged Shares of owned by such Pledgor are duly authorized and validly issued, are fully paid and nonassessable and are not subject to the preemptive rights of any Person. All other shares of stock constituting Pledged Collateral will be duly authorized and validly issued, fully paid and nonassessable and not subject to the preemptive rights of any Person.

Appears in 3 contracts

Samples: Pledge Agreement (Ruby Tuesday Inc), Intercreditor and Collateral Agency Agreement (Ruby Tuesday Inc), Pledge Agreement (Ruby Tuesday Inc)

Authorization of Pledged Shares. The Pledged Shares of such Pledgor are duly authorized and validly issued, are fully paid and nonassessable and are not subject to the preemptive rights of any Personperson or entity. All other shares of stock constituting Pledged Collateral will be duly authorized and validly issued, fully paid and nonassessable and not subject to the preemptive rights of any Personperson or entity. Pledgor owns the capital stock of the corporations listed on Schedule I attached hereto as and to the extent so described therein.

Appears in 3 contracts

Samples: Employment Agreement (VIASPACE Inc.), Stock Pledge Agreement (VIASPACE Green Energy Inc.), Stock Pledge Agreement (VIASPACE Inc.)

Authorization of Pledged Shares. The Pledged Shares of such Pledgor are duly authorized and validly issued, are fully paid and nonassessable and are not subject to the preemptive rights of any Person. All other shares of stock constituting Pledged Collateral will be duly authorized and validly issued, fully paid and nonassessable and not subject to the preemptive rights of any Person.

Appears in 2 contracts

Samples: Domestic Pledge Agreement (GFI Group Inc.), Domestic Pledge Agreement (GFI Group Inc.)

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Authorization of Pledged Shares. The Pledged Shares of such Pledgor are duly authorized and validly issued, are fully paid and nonassessable and are not subject to the preemptive rights of any Person. All other shares of stock constituting Pledged Collateral will be duly authorized and validly issued, ,fully paid and nonassessable and not subject to the preemptive rights of any Person.

Appears in 1 contract

Samples: Pledge Agreement (Hadron Inc)

Authorization of Pledged Shares. The Pledged Shares of such issued by a Pledgor are are, as applicable, duly authorized and validly issued, are fully paid and nonassessable (if applicable) and are not subject to the preemptive rights of any Person. All other shares of stock constituting Pledged Collateral will be duly authorized and validly issued, fully paid and nonassessable and not subject to the preemptive rights of any Person.

Appears in 1 contract

Samples: Pledge Agreement (Fti Consulting Inc)

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