Common use of As to Pledged Shares Clause in Contracts

As to Pledged Shares. In the case of any Pledged Shares constituting Collateral, all such Pledged Shares are duly authorized and validly issued, fully paid and non-assessable, and constitute all of the issued and outstanding Capital Securities of each Pledged Share Issuer listed on Attachment I hereto. The Pledgor has no Subsidiaries of which it directly owns any Capital Securities other than the Pledged Share Issuers. All Pledged Shares are certificated, and have been delivered to the Administrative Agent with stock powers, accompanied by undated instruments of transfer duly executed in blank and the Administrative Agent has "control" (as defined in the U.C.C.) of such Pledged Shares.

Appears in 1 contract

Samples: Pledge Agreement (Sterling Chemical Inc)

AutoNDA by SimpleDocs

As to Pledged Shares. In the case of any Pledged Shares constituting Collateral, all such Pledged Shares are duly authorized and validly issued, fully paid and non-assessable, and constitute all of the issued and outstanding Capital Securities of each Pledged Share Issuer listed on Attachment I heretoIssuer. The No Pledgor has no any Subsidiaries of which it directly owns any Capital Securities other than the Pledged Share Issuers, Foreign Restricted Subsidiaries or Unrestricted Subsidiaries. All Pledged Shares are certificated, and have been delivered to the Administrative Agent with stock powers, accompanied by undated instruments of transfer duly executed in blank and the Administrative Agent has "control" (as defined in the U.C.C.) of such Pledged Shares.

Appears in 1 contract

Samples: Obligor Pledge Agreement (Sterling Chemical Inc)

As to Pledged Shares. In the case of any Pledged Shares constituting Collateral, all such Pledged Shares are duly authorized and validly issued, fully paid and non-assessablenonassessable, and constitute all of the issued and outstanding Capital Securities of each Pledged Share Issuer listed on Attachment I heretoIssuer. The No Pledgor has no any Subsidiaries (other than Unrestricted Subsidiaries) of which it directly owns any Capital Securities other than the Pledged Share Issuersthat are not pledged hereunder. All Pledged Shares are certificated, and have been delivered to the Administrative Agent with stock powers, accompanied by undated instruments of transfer duly executed in blank and the Administrative Agent has "control" (as defined in the U.C.C.) of such Pledged Shares.

Appears in 1 contract

Samples: Pledge Agreement (Sterling Chemical Inc)

AutoNDA by SimpleDocs

As to Pledged Shares. In the case of any Pledged Shares constituting Collateral, all such Pledged Shares are duly authorized and validly issued, fully paid and non-assessablenonassessable, and constitute all of the issued and outstanding Capital Securities of each the Pledged Share Issuer listed on Attachment I heretoIssuer. The Pledgor has no Subsidiaries of which it directly owns any Capital Securities other than the Pledged Share IssuersIssuer. All Pledged Shares are certificated, and have been delivered to the Administrative Agent with stock powers, accompanied by undated instruments of transfer duly executed in blank and the Administrative Agent has "control" (as defined in the U.C.C.) of such Pledged Shares.

Appears in 1 contract

Samples: Pledge Agreement (Sterling Chemical Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!