Common use of Title to Pledged Securities Clause in Contracts

Title to Pledged Securities. The Grantors own all of the Pledged Securities, free and clear of any Liens other than the Security Interests. The Pledged Stock includes all of the issued and outstanding capital stock of each Issuer owned by the Grantors. All of the Pledged Stock has been duly authorized and validly issued, and is fully paid and non-assessable, and is subject to no options to purchase or similar rights of any Person. No Grantor is or will become a party to or otherwise bound by any agreement, other than this Agreement, which restricts in any manner the rights of any present or future holder of any of the Pledged Securities with respect thereto.

Title to Pledged Securities. The Grantors own Borrower owns all of the Pledged Securities, free and clear of any Liens other than the Security Interests. The Pledged Stock includes all of the issued and outstanding capital stock of each Issuer owned directly by the GrantorsBorrower. All of the Pledged Stock has been duly authorized and validly issued, and is fully paid and non-assessable, and is subject to no options to purchase or similar rights of any Person. No Grantor The Borrower is or not and will not become a party to or otherwise bound by any agreement, other than this AgreementAgreement and the Indenture, which restricts in any manner the rights of any present or future holder of any of the Pledged Securities with respect thereto.

Title to Pledged Securities. The Grantors own Such Lien Grantor owns all of the Pledged Securities, free and clear of any Liens other than the Security Interests. The Pledged Stock includes all of the issued and outstanding capital stock of each Issuer owned directly by the Grantorssuch Lien Grantor. All of the Pledged Stock has been duly authorized and validly issued, and is fully paid and non-assessable, and is subject to no options to purchase or similar rights of any Person. No Such Lien Grantor is or not and will not become a party to or otherwise bound by any agreement, other than this AgreementAgreement and the Indenture, which restricts in any manner the rights of any present or future holder of any of the Pledged Securities with respect thereto.