Common use of Title to Pledged Securities Clause in Contracts

Title to Pledged Securities. The Pledgor owns all of the Pledged Securities, free and clear of any Liens other than the Security Interests. All of the Pledged Stock has been duly authorized and validly issued, is fully paid and nonassessable (if applicable), and is subject to no options to purchase or similar rights of any person, and constitutes all and not less than all the Pledgor's securities of any class in the capital of the Subsidiary. The Pledgor is not and agrees that it will not become a party to or otherwise bound by any agreement, other than this Pledge Agreement or any of the Loan Documents, which might affect or restrict in any manner the rights of the Collateral Agent or the other Secured Parties or both or any present or future holder of any of the Pledged Stock with respect thereto.

Title to Pledged Securities. The Pledgor owns all of the Pledged Securities, free and clear of any Liens other than the Security Interests. All of the Pledged Stock has been duly authorized and validly issued, is fully paid and nonassessable (if applicable), and is subject to no options to purchase or similar rights of any person, and constitutes all and not less than all the Pledgor's securities of any class in the capital of the Subsidiaryeach Issuer. The Pledgor is not and agrees that it will not become a party to or otherwise bound by any agreement, other than this Pledge Agreement or any of the Loan Documents, which might affect or restrict in any manner the rights of the Collateral Agent or the other Secured Parties or both or any present or future holder of any of the Pledged Stock with respect thereto.

Title to Pledged Securities. The Pledgor owns all of the Pledged Securities, free and clear of any Liens other than the Security Interests. All of the Pledged Stock has been duly authorized and validly issued, is fully paid and nonassessable (if applicable), and is subject to no options to purchase or similar rights of any person, and constitutes all and not less than all the Pledgor's securities of any class in the capital of the Subsidiaryeach Issuer. The Pledgor is not and agrees that it will not become a party to or otherwise bound by any agreement, other than this Pledge Agreement or any of the Loan Documents, Note Purchase Agreement which might affect or restrict in any manner the rights of the Collateral Agent or the other Secured Parties or both or any present or future holder of any of the Pledged Stock with respect thereto.