As to Capital Securities of the Subsidiaries, Investment Property. (a) With respect to the Pledged Shares, all such Pledged Shares are duly authorized and validly issued, fully paid and non-assessable, and represented by a certificate.
Appears in 3 contracts
Samples: Assumption Agreement (Energy XXI Gulf Coast, Inc.), Pledge and Security Agreement (Energy XXI LTD), Intercreditor Agreement (Epl Oil & Gas, Inc.)
As to Capital Securities of the Subsidiaries, Investment Property. (a) With respect to the Pledged Shares, all such Pledged Shares are duly authorized and validly issued, fully paid and non-assessable, and represented by a certificate.. Second Lien Pledge and Security Agreement and Irrevocable Proxy
Appears in 1 contract