Common use of As to Pledged Interests Clause in Contracts

As to Pledged Interests. In the case of (a) any Pledged Interests (other than Pledged Notes) constituting Collateral, (i) all of such Pledged Interests are duly authorized, and validly issued, fully paid, and non-assessable, and constitute that percentage of the issued and outstanding shares of Capital Stock, Partnership Interests, LLC Interests and other ownership interests of each Pledged Interest Issuer set forth on Attachment 1 hereto; and (ii) the Pledgor has delivered to the Pledgee true and complete copies of the partnership, membership, operating or ownership agreements, as applicable, for each Pledged Interest Issuer that is an LLC or a Partnership, which agreements are currently in full force and effect and have not been amended or modified except as disclosed to the Pledgee in writing; and (b) each Pledged Note, all of such Pledged Notes have been duly authorized, executed, endorsed, issued and delivered, and are the legal, valid and binding obligation of the issuers thereof, and no default or event of default has occurred and is continuing thereunder.

Appears in 3 contracts

Samples: Senior Secured Credit Agreement (Titan Corp), Senior Secured Credit Agreement (Surebeam Corp), Senior Secured Credit Agreement (Surebeam Corp)

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As to Pledged Interests. In the case of (a) any Pledged Interests (other than Pledged Notes) constituting Collateral, (i) all of such Pledged Interests are duly authorized, and validly issued, fully paid, and non-assessable, and constitute that percentage of the issued and outstanding shares of Capital Stock, Partnership Interests, LLC Interests and other ownership interests interest of each Pledged Interest Issuer set forth on Attachment 1 hereto; and (ii) the Pledgor has delivered to the Pledgee Administrative Agent true and complete copies of the partnership, membership, operating or ownership agreements, as applicable, for each Pledged Interest Issuer that is an LLC or a Partnership, which agreements are currently in full force and effect and have not been amended or modified except as disclosed to the Pledgee Administrative Agent in writing; and (b) in the case of each Pledged Note, all of such Pledged Notes have been duly authorized, executed, endorsed, issued and delivered, and are the legal, valid and binding obligation of the issuers thereof, and no default or event of default has occurred and is continuing thereunderare not in default.

Appears in 1 contract

Samples: Pledge Agreement (Titan Corp)

As to Pledged Interests. In the case of (a) of any Pledged Interests (other than Pledged Notes) constituting Collateral, (i) , all of such Pledged Interests are duly authorized, and validly issued, fully paid, and non-assessable, and constitute that percentage of the issued and outstanding shares of Capital Stock, Partnership Interests, LLC Interests and other ownership interests of each Pledged Interest Issuer set forth on Attachment 1 hereto; and (ii) and the Pledgor has delivered to the Pledgee true and complete copies of the partnership, membership, operating or ownership agreements, as applicable, for each Pledged Interest Issuer that is an LLC or a Partnership, which agreements are currently in full force and effect and have not been amended or modified except as disclosed to the Pledgee in writing; and (b) and each Pledged Note, all of such Pledged Notes have been duly authorized, executed, endorsed, issued and delivered, and are the legal, valid and binding obligation of the issuers thereof, and no default or event of default has occurred and is continuing thereunder.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Titan Corp)

As to Pledged Interests. In the case of (a) any Pledged Interests (other than Pledged Notes) constituting Collateral, (i) all of such Pledged Interests are duly authorized, and validly issued, fully paid, and non-assessable, and constitute that percentage of the issued and outstanding shares of Capital Stock, Partnership Interests, LLC Interests and other ownership interests interest of each Pledged Interest Issuer set forth on Attachment 1 I hereto; and (ii) the Pledgor has delivered to the Pledgee Administrative Agent true and complete copies of the partnership, membership, operating or ownership agreements, as applicable, for each Pledged Interest Issuer that is an a LLC or a Partnership, which agreements are currently in full force and effect and have not been amended or modified except as disclosed to the Pledgee Administrative Agent in writing; and; (b) in the case of each Pledged Note, all of such Pledged Notes have been duly authorized, executed, endorsed, issued and delivered, and are the legal, valid and binding obligation of the issuers thereof, and no default or event of default has occurred and is continuing thereunderare not in default.

Appears in 1 contract

Samples: Credit Agreement (Titan Corp)

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As to Pledged Interests. In the case of (a) any Pledged Interests (other than Pledged Notes) constituting Collateral, (i) all of such Pledged Interests are duly authorized, and validly issued, fully paid, and non-assessable, and constitute that percentage of the issued and outstanding shares of Capital Stock, Partnership Interests, LLC Interests and other ownership interests interest of each Pledged Interest Issuer set forth on Attachment 1 hereto; and (ii) the Pledgor has delivered to the Pledgee Administrative Agent true and complete copies of the partnership, membership, operating or ownership agreements, as applicable, for each Pledged Interest Issuer that is an LLC or a Partnership, which agreements are currently in full force and effect and have not been amended or modified except as disclosed to the Pledgee Administrative Agent in writing; and (b) each Pledged Note, all of such Pledged Notes have been duly authorized, executed, endorsed, issued and delivered, and are the legal, valid and binding obligation of the issuers thereof, and no default or event of default has occurred and is continuing thereunderare not in default.

Appears in 1 contract

Samples: Pledge Agreement (Titan Corp)

As to Pledged Interests. In the case of (a) any Pledged Interests (other than Pledged Notes) constituting Collateral, (i) all of such Pledged Interests are duly authorized, and validly issued, fully paid, and non-assessable, and constitute that percentage of the issued and outstanding shares of Capital Stock, Partnership Interests, LLC Interests and other ownership interests interest of each Pledged Interest Issuer set forth on Attachment 1 I hereto; and (ii) the Pledgor has delivered to the Pledgee Administrative Agent true and complete copies of the partnership, membership, operating or ownership agreements, as applicable, for each Pledged Interest Issuer that is an a LLC or a Partnership, which agreements are currently in full force and effect and have not been amended or modified except as disclosed to the Pledgee Administrative Agent in writing; and; (b) each Pledged Note, all of such Pledged Notes have been duly authorized, executed, endorsed, issued and delivered, and are the legal, valid and binding obligation of the issuers thereof, and no default or event of default has occurred and is continuing thereunderare not in default.

Appears in 1 contract

Samples: Credit Agreement (Titan Corp)

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