Common use of Description of Pledged Collateral Clause in Contracts

Description of Pledged Collateral. The Pledged Shares constitute --------------------------------- (i) all of the issued and outstanding shares of stock or other equity Securities of each of the Subsidiaries of Pledgor which are incorporated in a state of the United States or in the District of Columbia, and (ii) 66.6% of the issued and outstanding shares of stock or other equity Securities of each Foreign Subsidiary of Pledgor, and there are no outstanding warrants, options or other rights to purchase, or other agreements outstanding with respect to, or property that is now or hereafter convertible into, or that requires the issuance or sale of, any Pledged Shares. The Pledged Debt constitutes all of the issued and outstanding intercompany indebtedness evidenced by a promissory note of the respective issuers thereof owing to Pledgor.

Description of Pledged Collateral. The Pledged Shares constitute --------------------------------- (i) all of the issued and outstanding shares of stock or other equity Securities of each of the Subsidiaries of Pledgor which are incorporated in a state of the United States or in the District of Columbia, and (ii) 66.6% of the issued and outstanding shares of stock or other equity Securities of each Foreign Subsidiary of Pledgor, and there are no outstanding warrants, options or other rights to purchase, or other agreements outstanding with respect to, or property that is now or hereafter convertible into, or that requires the issuance or sale of, any Pledged Shares. The Pledged Debt constitutes all of the issued and outstanding intercompany indebtedness evidenced by a promissory note of the respective issuers thereof owing to Pledgor.

Description of Pledged Collateral. The Pledged Shares constitute --------------------------------- (i) all of the issued and outstanding shares of stock or other equity Securities of each of the Subsidiaries of Pledgor which are incorporated in a state of the United States or in the District of Columbia, and (ii) 66.6% of the issued and outstanding shares of stock or other equity Securities of each Foreign Subsidiary of Pledgor, and there are no outstanding warrants, options or other rights to purchase, or other agreements outstanding with respect to, or property that is now or hereafter convertible into, or that requires the issuance or sale of, any Pledged Shares. The Pledged Debt constitutes consti tutes all of the issued and outstanding intercompany indebtedness evidenced by a promissory note of the respective issuers thereof owing to Pledgor.