Borrower Control Shares. The Borrower Control Shares have been duly and validly authorized for issuance and pledge pursuant to this Agreement and, when issued and delivered as provided hereunder, will be duly authorized, validly issued, fully paid and non-assessable and free and clear of all Liens imposed by the Borrower or any other person other than restrictions on transfer provided for in the Loan Documents. As used in this Agreement “Lien” means a lien, charge, security interest, right of first refusal, preemptive right, mortgage, pledge, title retention device, or other encumbrance or restriction.
Appears in 3 contracts
Samples: Reversal Loan and Control Share Pledge and Security Agreement (California Gold Corp.), Reversal Loan and Control Share Pledge and Security Agreement (US Uranium Inc.), Bridge Loan and Control Share Pledge and Security Agreement (Cromwell Uranium Corp.)
Borrower Control Shares. The Borrower Control Shares have been duly and validly authorized for issuance and pledge pursuant to this Agreement and, when issued and delivered as provided hereunder, will be duly authorized, validly issued, fully paid and non-assessable and free and clear of all Liens imposed by the Borrower or any other person other than restrictions on transfer provided for in the Loan Documents. As used in this Agreement “"Lien” " means a lien, charge, security interest, right of first refusal, preemptive right, mortgage, pledge, title retention device, or other encumbrance or restriction.
Appears in 2 contracts
Samples: Bridge Loan and Control Share Pledge and Security Agreement (Foothills Resources Inc), Bridge Loan and Control Share Pledge and Security Agreement (Goldstrike Inc)
