Authority to Pledge. (a) The execution, delivery and performance by the Pledgor of this Agreement will not constitute or result in a breach or default under or conflict with any order, ruling or regulation of any court or other tribunal or of any governmental commission or agency, or any agreement or other undertaking, to which the Pledgor is a party or by which the Pledgor is bound. (b) The Pledgor's signatures on this Agreement and the Promissory Note are genuine and the Pledgor has the legal competence and capacity to execute the same. (c) This Agreement constitutes a legal, valid and binding obligation of the Pledgor, enforceable in accordance with its terms. (d) The Pledgor's interest in the Collateral has not been assigned, transferred or in any way encumbered.
Appears in 4 contracts
Samples: Pledge and Security Agreement (Aitken Timothy M), Pledge and Security Agreement (Allied Healthcare International Inc), Pledge and Security Agreement (Transworld Healthcare Inc)
