Common use of Representations and Warranties Concerning Pledgor Clause in Contracts

Representations and Warranties Concerning Pledgor. Pledgor represents and warrants that (A) Pledgor is duly organized under the laws of the state of Delaware; (B) the chief place of business and chief executive office of Pledgor and the office where Pledgor keeps all of its records is located at 0000 Xxxxxxxx Xxxxxxx, Xxxxxx, Xxxxx 00000; (C) no consent of any other Person and no authorization, approval or other action by, and no notice to or filing with, any Governmental Authority is required (i) for the pledge by Pledgor of the Collateral pledged by it hereunder, for the grant by Pledgor of the security interest granted hereby or for the execution, delivery or performance of this Agreement by Pledgor, (ii) for the perfection or maintenance of the pledge, assignment and security interest created hereby (including the first priority nature of such pledge, assignment and security interest), or (iii) for the exercise by Secured Party of the rights provided for in this Agreement or in the Intercreditor Agreement, or the remedies in respect of the Collateral pursuant to this Agreement or the Intercreditor Agreement; (D) Pledgor possesses all material licenses and permits, required for its ownership of the Collateral and the operations of its business; (E) Pledgor is not, nor will the execution, delivery and performance and compliance with the terms of this Agreement cause Pledgor to be in violation of any applicable material law or in default (nor has any event occurred which, with notice or lapse of time or both, could constitute a default) under any debt or other contractual obligation of Pledgor; (F) except as disclosed in the Revolver Agreement, there is no litigation, arbitration or other proceeding pending or threatened against or affecting Pledgor or its assets or properties; and (G) Pledgor has full power, authority and legal right to execute, deliver and perform this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Trinity Industries Inc), Credit Agreement (Trinity Industries Inc)

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Representations and Warranties Concerning Pledgor. Pledgor represents and warrants that (A) Pledgor is duly organized under the laws of the state of Delaware; (B) the chief place of business and chief executive office of Pledgor and the office where Pledgor keeps all of its records is located at 0000 Xxxxxxxx 3710 Xxxxxxx, XxxxxxXxxxx 1500, Xxxxx 00000Dallas, Texas 75219; (CB) no consent of any other Person and no authorization, approval or other action by, and no notice to or filing with, any Governmental Authority is required (i) for the pledge by Pledgor of the Collateral pledged by it hereunder, for the grant by Pledgor of the security interest granted hereby or for the execution, delivery or performance of this Agreement by Pledgor, (ii) for the perfection or maintenance of the pledge, assignment and security interest created hereby (including the first priority nature of such pledge, assignment and security interest), or (iii) for the exercise by Secured Party of the rights provided for in this Agreement or in the Intercreditor Agreement, or the remedies in respect of the Collateral pursuant to this Agreement or the Intercreditor Agreement; (DC) Pledgor possesses all material licenses and permits, required for its ownership of the Collateral and the operations of its business; (ED) Pledgor is not, nor will the execution, delivery and performance and compliance with the terms of this Agreement cause Pledgor to be in violation of any applicable material law or in default (nor has any event occurred which, with notice or lapse of time or both, could constitute a default) under any debt or other contractual obligation of Pledgor; (FE) except as disclosed in the Revolver Credit Agreement, there is no litigation, arbitration or other proceeding pending or threatened against or affecting Pledgor or its assets or properties; and (GF) Pledgor has full power, authority and legal right to execute, deliver and perform this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Hallwood Group Inc)

Representations and Warranties Concerning Pledgor. Pledgor represents and warrants that (A) Pledgor is duly organized under the laws of the state of Delaware; (B) the chief place of business and chief executive office of Pledgor and the office where Pledgor keeps all of its records is located at 0000 Xxxxxxxx Xxxxxxx2525 Stemmons Freeway, XxxxxxDallas, Xxxxx 00000Texas 75270; (C) no consent of any other Person and no authorizationox xxx xxxxx Xxxxxx xxx xx xxxxxxxxxxxxx, approval xpproval or other action by, and no notice to or filing with, any Governmental Authority is required (i) for the pledge by Pledgor of the Collateral pledged by it hereunder, for the grant by Pledgor of the security interest granted hereby or for the execution, delivery or performance of this Agreement by Pledgor, (ii) for the perfection or maintenance of the pledge, assignment and security interest created hereby (including the first priority nature of such pledge, assignment and security interest), or (iii) for the exercise by Secured Party of the rights provided for in this Agreement or in the Intercreditor Agreement, or the remedies in respect of the Collateral pursuant to this Agreement or the Intercreditor Agreement; (D) Pledgor possesses all material licenses and permits, required for its ownership of the Collateral and the operations of its business; (E) Pledgor is not, nor will the execution, delivery and performance and compliance with the terms of this Agreement cause Pledgor to be in violation of any applicable material law or in default (nor has any event occurred which, with notice or lapse of time or both, could constitute a default) under any debt or other contractual obligation of Pledgor; (F) except as disclosed in the Revolver Agreement, there is no litigation, arbitration or other proceeding pending or threatened against or affecting Pledgor or its assets or properties; and (G) Pledgor has full power, authority and legal right to execute, deliver and perform this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Trinity Industries Inc)

Representations and Warranties Concerning Pledgor. Pledgor represents and warrants that (A) Pledgor is duly organized under the laws of the state of Delaware; (B) the chief place of business and chief executive office of Pledgor and the office where Pledgor keeps all of its records is located at 0000 Xxxxxxxx Xxxxxxx2525 Stemmons Freeway, XxxxxxDallas, Xxxxx 00000Texas 75270; (C) no consent of any other Person and no authorizationxx xxx xxxxx Xxxxxx xxx xx xxxxxxxxxxxxx, approval or other action by, and no notice to or filing with, any Governmental Authority is required (i) for the pledge by Pledgor of the Collateral pledged by it hereunder, for the grant by Pledgor of the security interest granted hereby or for the execution, delivery or performance of this Agreement by Pledgor, (ii) for the perfection or maintenance of the pledge, assignment and security interest created hereby (including the first priority nature of such pledge, assignment and security interest), or (iii) for the exercise by Secured Party of the rights provided for in this Agreement or in the Intercreditor Agreement, or the remedies in respect of the Collateral pursuant to this Agreement or the Intercreditor Agreement; (D) Pledgor possesses all material licenses and permits, required for its ownership of the Collateral and the operations of its business; (E) Pledgor is not, nor will the execution, delivery and performance and compliance with the terms of this Agreement cause Pledgor to be in violation of any applicable material law or in default (nor has any event occurred which, with notice or lapse of time or both, could constitute a default) under any debt or other contractual obligation of Pledgor; (F) except as disclosed in the Revolver Agreement, there is no litigation, arbitration or other proceeding pending or threatened against or affecting Pledgor or its assets or properties; and (G) Pledgor has full power, authority and legal right to execute, deliver and perform this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Trinity Marine Products, Inc.)

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Representations and Warranties Concerning Pledgor. Pledgor represents and warrants that (A) Pledgor is duly organized under the laws of the state of Delaware; (B) the chief place of business and chief executive office of Pledgor and the office where Pledgor keeps all of its records is located at 0000 Xxxxxxxx Xxxxxxx2525 Stemmons Freeway, XxxxxxDallas, Xxxxx 00000Texas 75270; (C) no consent of any other Person and no authorizationaxx xxxxx Xxxxxx xxx xx xxxxxxxxxxxxx, approval xxxxoval or other action by, and no notice to or filing with, any Governmental Authority is required (i) for the pledge by Pledgor of the Collateral pledged by it hereunder, for the grant by Pledgor of the security interest granted hereby or for the execution, delivery or performance of this Agreement by Pledgor, (ii) for the perfection or maintenance of the pledge, assignment and security interest created hereby (including the first priority nature of such pledge, assignment and security interest), or (iii) for the exercise by Secured Party of the rights provided for in this Agreement or in the Intercreditor Agreement, or the remedies in respect of the Collateral pursuant to this Agreement or the Intercreditor Agreement; (D) Pledgor possesses all material licenses and permits, required for its ownership of the Collateral and the operations of its business; (E) Pledgor is not, nor will the execution, delivery and performance and compliance with the terms of this Agreement cause Pledgor to be in violation of any applicable material law or in default (nor has any event occurred which, with notice or lapse of time or both, could constitute a default) under any debt or other contractual obligation of Pledgor; (F) except as disclosed in the Revolver Revolver/Term Agreement, there is no litigation, arbitration or other proceeding pending or threatened against or affecting Pledgor or its assets or properties; and (G) Pledgor has full power, authority and legal right to execute, deliver and perform this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Trinity Industries Inc)

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