Pledged LLC Interests. Concurrently with the delivery to the Administrative Agent of any certificate representing any Pledged LLC Interests, the relevant Grantor shall, if requested by the Administrative Agent, deliver an undated power covering such certificate, duly executed in blank by such Grantor.
Pledged LLC Interests. (a) Pledgor may cause the Company to issue any additional limited liability company interests in the Company at any time (whether or not certificated) unless such issuance is not permitted under the Common Terms Agreement and the other Finance Documents; provided, however, that such issuance shall only be permitted if the following occur: (i) provision is made for the inclusion of such interest in the Collateral (as defined hereunder or in any Additional Pledge Agreement (which Additional Pledge Agreement shall be executed and delivered to the Security Trustee by the owner (any such owner, an “Additional Pledgor”) of such additional limited liability company interests prior to the issuance thereof)), (ii) such interests are issued to Pledgor or any Additional Pledgor (or any of their respective successors and permitted assigns), (iii) all action has been taken necessary to create, in favor of the Security Trustee for the benefit of the Secured Parties, a legal, valid and enforceable Lien on and first-priority security interest (subject to Permitted Equity Liens) in such interests, and all necessary filings have been made in all necessary public offices, and all other necessary and appropriate action has been taken, so that this Agreement or the Additional Pledge Agreement, as applicable, creates a first-priority perfected Lien (except with respect to Permitted Equity Liens) on and security interest in all right, title and interest in such interests, prior and superior to all other Liens (subject to Permitted Equity Liens) and all necessary and appropriate consents to the creation, perfection and enforcement of such Liens have been obtained and (iv) the Security Trustee shall have received an opinion of counsel with respect to such interests that is substantially similar to the opinions delivered on or before the Closing Date covering the matters described in clause (iii) above. Pledgor shall not permit (i) the Company to have outstanding any subscription agreements, warrants, or options to acquire any limited liability company interests of whatever type; (ii) any limited liability company interest of the Company to be dealt in or traded on any securities exchange or in any securities market; or (iii) any limited liability company interest of the Company to be deemed an investment company security (as defined in Section 8-103(b) of the UCC).
Pledged LLC Interests. Pledgor shall not (i) sell, lease or assign any of its interests in the Collateral or permit CCH Direct Parent to issue any additional limited liability company interests in CCH Direct Parent at any time unless (A) provision is made for the inclusion of such property in the Collateral, (B) such issuance is permitted under the Amended and Restated Note Purchase Agreement and the other Note Documents and (C) all action has been taken necessary to create, in favor of Collateral Agent for the benefit of the Secured Parties, a legal, valid and enforceable Lien on and first-priority security interest in such limited liability company interests, and all necessary filings have been made in all necessary public offices, and all other necessary and appropriate action has been taken, so that this Agreement creates a first-priority perfected Lien on and security interest in all right, title and interest in such limited liability company interests, prior and superior to all other Liens (other than any Excepted Liens) and all necessary and appropriate consents to the creation, perfection and enforcement of such Liens have been obtained; (ii) permit CCH Direct Parent to have outstanding any subscription agreements, warrants, rights or options to acquire any limited liability company interests of whatever type; (iii) permit any limited liability company interest of CCH Direct Parent to be dealt in or traded on any securities exchange or in any securities market; or (iv) permit any limited liability company interest of CCH Direct Parent to be deemed an investment company security (as defined in Section 8-103(b) of the UCC).
Pledged LLC Interests. None. Administrative Borrower owns 250 class A units and 600 class B units of Independence Contract Drilling, LLC which, as set forth in the definition of Pledged LLC Interests, do not constitute Pledged LLC Interests so long as they meet the definition of Excluded LLC Interests. Pledged Partnership Interests: None.
Pledged LLC Interests. (a) The Pledged LLC Interests constitute all the issued and outstanding shares of all classes of the Equity Interests of the Issuer.
Pledged LLC Interests. (a) If any Collateral shall be or become evidenced by a certificated security or if the Grantor shall become entitled to receive or shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization), option or rights in respect of the Equity Interests of the Issuer, whether in addition to, in substitution of, as a conversion of, or in exchange for, any of the Pledged LLC Interests, or otherwise in respect thereof, the Grantor shall accept the same as the agent of the Collateral Agent and the other Secured Parties, hold the same in trust for the Collateral Agent and the other Secured Parties, and, with respect to any certificated security, deliver the same forthwith to the Collateral Agent in the exact form received, duly indorsed by the Grantor to the Collateral Agent, together with an undated power covering such certificated security duly executed in blank by the Grantor, to be held by the Collateral Agent, subject to the terms hereof, as additional collateral security for the Secured Obligations; provided, that the Grantor shall not be required to deliver any such certificated security to the Collateral Agent to the extent such certificated security is required to be delivered to the representative for any holders of Prior Lien Indebtedness.
Pledged LLC Interests. Interests in each limited liability company that is a Material Subsidiary or an owner of Unencumbered Pool Property and required to be pledged under the Credit Agreement as follows: Pledgor (Jurisdiction of Organization) Subsidiary Number of Units Date of Issuance of Units
Pledged LLC Interests. As of each Applicable Date: (i) the Grantor is the record and beneficial owner of all Pledged LLC Interests pledged by it hereunder which are issued by the Borrower, (ii) the Grantor has good title to all such Pledged LLC Interests, free of any and all Liens, and (iii) the units of Pledged LLC Interests pledged by the Grantor (identified on Schedule 1) hereunder (x) constitute all of the limited liability company interests of the Borrower, (y) have been duly and validly authorized and issued and are fully paid and nonassessable, and (z) are uncertificated.
Pledged LLC Interests. Schedule I is true, correct and complete in all respects as of the date hereof. The Pledged LLC Interests constitute all of the outstanding equity interests in which Pledgor has any right, title or interest in LEH as of the date hereof.
Pledged LLC Interests. Grantor Issuer # of Shares Owned Total Shares Outstanding % of Ownership Interest Certificate No. (if any) Cheniere Midstream Holdings, Inc. Sabine Pass Tug Services, LLC 100 units 100 units 100 % 2 Cheniere Pipeline Company Cheniere Pipeline GP Interests, LLC 100 100 100 % 1 Grand Cheniere Pipeline, LLC 100 units 100 units 100 % 1
