Authorization of Equity Interest. All Equity Interests which constitute Pledged Collateral are duly authorized, validly issued, and if applicable, fully paid and nonassessable and are not subject to preemptive rights of any Person.
Appears in 7 contracts
Samples: Pledge Agreement (ExchangeRight Income Fund), Pledge Agreement (Office Properties Income Trust), Pledge Agreement (Service Properties Trust)
Authorization of Equity Interest. All Equity Interests which constitute Pledged Collateral are duly authorized, validly issued, and if applicable, fully paid and nonassessable and are not subject to preemptive rights of any Person.
Appears in 5 contracts
Samples: Security Agreement (Ashford Hospitality Trust Inc), Security Agreement (Morgans Hotel Group Co.), Security Agreement (Morgans Hotel Group Co.)
