Pledged Equity definition
Examples of Pledged Equity in a sentence
There are no outstanding options, warrants or similar agreements, documents, or instruments with respect to any of the Pledged Equity.
The Pledged Equity constitutes 100% or such other percentage as set forth on Schedule IV of the issued and outstanding shares of Capital Stock of the applicable Pledged Entity.
All of the Pledged Equity has been duly and validly authorized and issued by the issuer thereof and in the case of Pledged Equity (other than Pledged Equity consisting of limited liability company interests or partnership interests which, pursuant to the relevant organizational or formation documents, cannot be fully paid and non-assessable), is fully paid and non-assessable.
As of the date hereof, there are no existing options, warrants, calls or commitments of any character whatsoever relating to the Pledged Equity other than as contemplated and permitted by the Transaction Documents.
Each Grantor is the sole holder of record and the sole beneficial owner of the Pledged Equity, as applicable.