Common use of Capital Stock Clause in Contracts

Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the Borrower and its Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's Wholly Owned Subsidiaries are owned by the Borrower free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the Borrower's other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower free and clear of any Lien or adverse claim.

Appears in 16 contracts

Samples: Credit Agreement (Airborne Freight Corp /De/), Credit Agreement (Meredith Corp), Credit Agreement (Springs Industries Inc)

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Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the Borrower each Loan Party and its their respective Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's Loan Party’s respective Wholly Owned Subsidiaries are owned by the Borrower Loan Parties free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the Borrower's other Subsidiaries of the Loan Parties (other than Wholly Owned Subsidiaries) is owned by the Borrower respective Loan Parties free and clear of any Lien or adverse claim.

Appears in 7 contracts

Samples: Credit Agreement (Bassett Furniture Industries Inc), Credit Agreement (Bassett Furniture Industries Inc), Credit Agreement (Bassett Furniture Industries Inc)

Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the Borrower and its Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's Wholly Owned Subsidiaries are owned by the Borrower free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock Capital Stock of each of the Borrower's other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower free and clear of any Lien or adverse claim.

Appears in 5 contracts

Samples: Credit Agreement (Meredith Corp), Credit Agreement (Meredith Corp), Credit Agreement (Winston Hotels Inc)

Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the Borrower and its Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, including but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's ’s Wholly Owned Subsidiaries are owned by the Borrower free and clear of any Lien lien or adverse claim. At least a majority of the issued shares of capital stock of each of the Borrower's ’s other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower free and clear of any Lien lien or adverse claim.

Appears in 4 contracts

Samples: Credit Agreement (Culp Inc), Credit Agreement (Culp Inc), Credit Agreement (Culp Inc)

Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the Borrower Borrowers and its the Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's Borrowers' respective Wholly Owned Subsidiaries are owned by the Borrower Borrowers free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the each Borrower's other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the such Borrower free and clear of any Lien or adverse claim.

Appears in 2 contracts

Samples: Credit Agreement (Sed International Holdings Inc), Credit Agreement (Southern Electronics Corp)

Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the each Borrower and its the Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, including but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the BorrowerParent's Wholly Owned Subsidiaries which are owned by the Borrower Parent are free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the BorrowerParent's other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower Parent free and clear of any Lien or adverse claim.

Appears in 2 contracts

Samples: Credit Agreement (National Service Industries Inc), Credit Agreement (National Service Industries Inc)

Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the Borrower and its Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, including but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's Wholly Owned Subsidiaries are owned by the Borrower free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the Borrower's other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower free and clear of any Lien or adverse claim.

Appears in 2 contracts

Samples: Credit Agreement (Culp Inc), Credit Agreement (Culp Inc)

Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the Borrower and its Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable lawsApplicable Law, including, but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's Wholly Owned Subsidiaries are owned by the Borrower free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the Borrower's other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower free and clear of any Lien or adverse claim.

Appears in 2 contracts

Samples: Credit Agreement (Belk Inc), Credit Agreement (Belk Inc)

Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the Borrower and its Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's Wholly Owned Subsidiaries are owned by the Borrower free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the Borrower's other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower free and clear of any Lien or adverse claim.

Appears in 1 contract

Samples: Credit Agreement (Hancock Fabrics Inc)

Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the Borrower and its Subsidiaries Lessee presently issued and outstanding are validly and properly issued in accordance with all applicable lawslaws in all material respects, including, including but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the BorrowerLessee's Wholly Owned Subsidiaries are owned by the Borrower Lessee free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the BorrowerLessee's other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower Lessee free and clear of any Lien or adverse claim.

Appears in 1 contract

Samples: Master Lease Agreement (Coca Cola Bottling Co Consolidated /De/)

Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the Borrower Borrowers and its the Subsidiaries of the Borrowers presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's Wholly Owned Subsidiaries of the Borrowers are owned by the Borrower Borrowers free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the Borrower's other Subsidiaries (other than Wholly Owned Subsidiaries) of the Borrowers is owned by the Borrower Borrowers free and clear of any Lien or adverse claim.

Appears in 1 contract

Samples: Credit Agreement (Source Information Management Co)

Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the Borrower and its Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's Wholly Owned Subsidiaries are owned by the Borrower Borrower, directly or indirectly, free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the Borrower's other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower Borrower, directly or indirectly, free and clear of any Lien or adverse claim.

Appears in 1 contract

Samples: Credit Agreement (Cadmus Communications Corp/New)

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Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the Borrower and its Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, including but not limited to, the "Blue Sky" laws of or all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's ’s Wholly Owned Subsidiaries are owned by the Borrower free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the Borrower's ’s other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower free and clear of any Lien or adverse claim.

Appears in 1 contract

Samples: Credit Agreement (Starrett L S Co)

Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the Borrower and its Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's Wholly Owned Subsidiaries are owned by the Borrower free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the Borrower's other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower, and all such shares owned by the Borrower are free and clear of any Lien or adverse claim, except as may be created pursuant to any Pledge Agreement.

Appears in 1 contract

Samples: Credit Agreement (McWhorter Technologies Inc /De/)

Capital Stock. All Capital Stock, debentures, bonds, ------------- notes and all other securities and equity interests of the Borrower and its Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, including but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's Wholly Owned Subsidiaries are is owned by the Borrower free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each Capital Stock of the Borrower's other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower free and clear of any Lien or adverse claim.

Appears in 1 contract

Samples: Credit Agreement (National Data Corp)

Capital Stock. All Capital Stock, debentures, bonds, notes and ------------- all other securities of the Borrower and its Subsidiaries Company presently issued and outstanding are validly and properly issued in accordance with all applicable lawslaws in all material respects, including, including but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the BorrowerCompany's Wholly Owned Subsidiaries are owned by the Borrower Company free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the BorrowerCompany's other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower Company free and clear of any Lien or adverse claim.

Appears in 1 contract

Samples: Investment and Participation Agreement (Us Xpress Enterprises Inc)

Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the Borrower and its Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's Wholly Owned Subsidiaries are owned by the Borrower free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the Borrower's other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower free and clear of any Lien or adverse claim, except for rights of first refusal granted by any of such Subsidiaries to its joint venture partner or joint venture partners with respect to the Capital Stock of such Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (National Vision Associates LTD)

Capital Stock. All Capital Stock, debentures, bonds, notes and all other securities of the Borrower and its Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, including but not limited to, the "Blue Sky" laws of or all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's Wholly Owned Subsidiaries are owned by the Borrower free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the Borrower's other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower free and clear of any Lien or adverse claim.

Appears in 1 contract

Samples: Credit Agreement (Starrett L S Co)

Capital Stock. All Capital Stock, debentures, bonds, ------------- notes and all other securities of the Borrower and its Subsidiaries presently issued and outstanding are validly and properly issued in accordance with all applicable laws, including, but not limited to, the "Blue Sky" laws of all applicable states and the federal securities laws. The issued shares of Capital Stock of the Borrower's Wholly Owned Subsidiaries are owned by the Borrower free and clear of any Lien or adverse claim. At least a majority of the issued shares of capital stock of each of the Borrower's other Subsidiaries (other than Wholly Owned Subsidiaries) is owned by the Borrower free and clear of any Lien or adverse claim.

Appears in 1 contract

Samples: Credit Agreement (Us Xpress Enterprises Inc)

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