Common use of Authorization of Pledged Capital Stock Clause in Contracts

Authorization of Pledged Capital Stock. The Pledged Capital Stock is duly authorized and validly issued, is fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, nonassessable and is not subject to the preemptive rights of any Person. All other shares of Capital Stock constituting Pledged Collateral will be duly authorized and validly issued, fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, nonassessable and not subject to the preemptive rights of any Person.

Appears in 10 contracts

Samples: Credit Agreement (Ryman Hospitality Properties, Inc.), Credit Agreement (Ryman Hospitality Properties, Inc.), Credit Agreement (Ryman Hospitality Properties, Inc.)

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Authorization of Pledged Capital Stock. The Pledged Capital Stock is duly authorized and validly issued, is fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, nonassessable and is not subject to the preemptive rights of any Person. All other shares of Capital Stock constituting Pledged Collateral will be duly authorized and validly issued, fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, nonassessable and not subject to the preemptive rights of any Person.

Appears in 8 contracts

Samples: Credit Agreement (U S Restaurant Properties Inc), Pledge Agreement (Trustreet Properties Inc), Pledge Agreement (U S Restaurant Properties Inc)

Authorization of Pledged Capital Stock. The Pledged Capital Stock is duly authorized and validly issued, is fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, and nonassessable and is not subject to the preemptive rights of any Person. All other shares of Capital Stock or other interests constituting Pledged Collateral will be are duly authorized and validly issued, fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, and nonassessable and not subject to the preemptive rights of any Person.

Appears in 6 contracts

Samples: Credit Agreement (Nci Building Systems Inc), Credit Agreement (Rock-Tenn CO), Pledge Agreement (Mortons Restaurant Group Inc)

Authorization of Pledged Capital Stock. The Pledged Capital Stock is duly authorized and validly issued, is fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, and nonassessable and is not subject to the preemptive rights of any Person. All other shares of Capital Stock constituting Pledged Collateral will be duly authorized and validly issued, fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, nonassessable and not subject to the preemptive rights of any Person.

Appears in 5 contracts

Samples: Pledge Agreement (Unifi Inc), Pledge Agreement (Unifi Inc), Pledge Agreement (Applied Digital Solutions Inc)

Authorization of Pledged Capital Stock. The Pledged Capital Stock is duly authorized and validly issued, is fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, and nonassessable and is not subject to the preemptive rights of any Person. All other shares of Capital Stock constituting Pledged Collateral will be duly authorized and validly issued, fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, and nonassessable and not subject to the preemptive rights of any Person.

Appears in 5 contracts

Samples: Credit Agreement (Wolverine Tube Inc), Pledge Agreement (Wolverine Tube Inc), Pledge Agreement (Nacco Industries Inc)

Authorization of Pledged Capital Stock. The Pledged Capital Stock is duly authorized and validly issued, is fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, and nonassessable and is not subject to the preemptive rights of any Person. All other shares of Capital Stock or other interests constituting Pledged Collateral will be duly authorized and validly issued, fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, and nonassessable and not subject to the preemptive rights of any Person.

Appears in 4 contracts

Samples: Pledge Agreement (Pantry Inc), Pledge Agreement (Pantry Inc), Pledge Agreement (Pantry Inc)

Authorization of Pledged Capital Stock. The All of the Pledged Capital Stock is duly authorized and validly issued, is fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, and nonassessable and is not subject to the preemptive first-refusal or other similar rights of any Person. All other shares of Capital Stock hereafter constituting Pledged Collateral will be duly authorized and validly issued, fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, and nonassessable and not subject to the preemptive first-refusal or other similar rights of any Person.

Appears in 4 contracts

Samples: Credit Agreement (Flow International Corp), Credit Agreement (Flow International Corp), Credit Agreement (Usana Health Sciences Inc)

Authorization of Pledged Capital Stock. The Pledged Capital Stock is duly authorized and validly issued, is fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, nonassessable and non assessable and is not subject to the preemptive rights of any Person. All other shares of Capital Stock capital stock constituting Pledged Collateral will be duly authorized and validly issued, fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, and nonassessable and not subject to the preemptive rights of any Person.

Appears in 1 contract

Samples: Stock Pledge Agreement (Crown Crafts Inc)

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Authorization of Pledged Capital Stock. The Pledged Capital Stock is duly authorized and validly issued, is fully paid and, and with respect to any Pledged the Capital Stock consisting of stock of a corporation, nonassessable fully paid and nonassessable, and is not subject to the preemptive rights of any Person. All other shares of Capital Stock constituting Pledged Collateral will be duly authorized and validly issued, fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, and nonassessable and not subject to the preemptive rights of any Person.

Appears in 1 contract

Samples: Senior Secured Working Capital Credit Facility (Transmontaigne Inc)

Authorization of Pledged Capital Stock. The Pledged Capital Stock is duly authorized and validly issued, is fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, and nonassessable and is not subject to the preemptive rights of any Person. All other shares of Capital Stock stock constituting Pledged Collateral will be duly authorized and validly issued, fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, and nonassessable and not subject to the preemptive rights of any Person.

Appears in 1 contract

Samples: Equity Pledge Agreement (Tidel Technologies Inc)

Authorization of Pledged Capital Stock. The Pledged Capital Stock is duly authorized and validly issued, is fully paid and, and with respect to any Pledged the Capital Stock consisting of stock of a corporation, nonassessable is fully paid and nonassessable, and is not subject to the preemptive rights of any Person. All other shares of Capital Stock constituting Pledged Collateral will be duly authorized and validly issued, fully paid and, and with respect to any Pledged the Capital Stock consisting of stock of a corporation, nonassessable fully paid and nonassessable, and not subject to the preemptive rights of any Person.

Appears in 1 contract

Samples: Senior Secured Credit Facility (TransMontaigne Partners L.P.)

Authorization of Pledged Capital Stock. The Pledged Capital Stock is duly authorized and validly issued, is fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, and nonassessable and is not subject to the preemptive rights of any Person. All other shares of Capital Stock constituting Pledged Collateral Capital Stock will be duly authorized and validly issued, fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, and nonassessable and not subject to the preemptive rights of any Person.

Appears in 1 contract

Samples: Pledge Agreement (Telex Communications Intermediate Holdings LLC)

Authorization of Pledged Capital Stock. The Pledged Capital Stock -------------------------------------- is duly authorized and validly issued, is fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, nonassessable and is not subject to the preemptive rights of any Person. All other shares of Certificated Capital Stock constituting Pledged Collateral will be duly authorized and validly issued, fully paid and, with respect to any Pledged Capital Stock consisting of stock of a corporation, nonassessable and not subject to the preemptive rights of any Person.

Appears in 1 contract

Samples: Credit Agreement (Packaging Dynamics Corp)

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