Common use of Support Documents Clause in Contracts

Support Documents. (a) The provisions of each of the Support Documents (and the actions contemplated to be taken thereunder) are effective to create in favor of the Agent for the benefit of the Banks, a legal, valid and enforceable (i) guaranty of the obligations described therein except as limited by bankruptcy, insolvency and similar laws affecting the enforcement of creditors' rights generally and equitable principles of general application and (ii) duly perfected pledge of all ownership interest (other than directors' qualifying shares) in the Subsidiaries described in SCHEDULE II. (b) All representations and warranties of such Company's Subsidiaries contained in the Support Documents are true and correct in all material respects.