Common use of Ownership of Collateral; Encumbrances Clause in Contracts

Ownership of Collateral; Encumbrances. Except as otherwise permitted by the Credit Agreement, Pledgor is the record and beneficial owner of the Collateral free and clear of any Lien except for the security interest created by this Agreement, and Pledgor has full right, power and authority to pledge, assign and grant a security interest in the Collateral to Secured Party.

Ownership of Collateral; Encumbrances. Except as otherwise permitted by the Credit Agreement, Pledgor is the record legal and beneficial owner of the Collateral free and clear of any Lien adverse claim, lien, security interest, option or other charge or encumbrance except for the security interest created by this Security Agreement, and . Pledgor has full right, power and authority to pledge, assign and grant a security interest in the Collateral to Secured Party.

Ownership of Collateral; Encumbrances. Except as otherwise --------------------------------------- permitted by the Credit Agreement, Pledgor is the record and beneficial owner of the Collateral free and clear of any Lien except for the security interest created by this Agreement, and Pledgor has full right, power and authority to pledge, assign and grant a security interest in the Collateral to Secured Party.

Ownership of Collateral; Encumbrances. Except as otherwise permitted by the Credit Agreement, Pledgor is the record and beneficial owner of the Collateral free and clear of any Lien except for the security interest created by this Agreement, and Pledgor has full right, power and authority to pledge, assign and grant a security interest in the Collateral to Secured Party.

Ownership of Collateral; Encumbrances. Except as otherwise permitted by the Credit Agreement, Pledgor is the Pledgors are the record and beneficial owner owners of the Collateral free and clear of any Lien except for the security interest created by this Agreement, and Pledgor has the Pledgors have full right, power and authority to pledge, assign and grant a security interest in the Collateral to Secured Partythe US Administrative Agent.

Ownership of Collateral; Encumbrances. Except as otherwise ------------------------------------- permitted by the Credit Agreement, Pledgor is the record and beneficial owner of the Collateral free and clear of any Lien except for the security interest created by this Agreement, and Pledgor has full right, power and authority to pledge, assign and grant a security interest in the Collateral to Secured Party.

Ownership of Collateral; Encumbrances. Except as otherwise permitted by the Credit Agreement, Pledgor is the record legal and beneficial owner of the Collateral free and clear of any Lien adverse claim, lien, security interest, option or other charge or encumbrance except for the security interest created by this Agreement and the security interest granted to the Senior Loan Agent pursuant to the Senior Security Agreement, and Pledgor has full right, power and authority to pledge, assign and grant a security interest in the Collateral to Secured Party.

Ownership of Collateral; Encumbrances. Except as otherwise permitted by the Credit Agreement, Pledgor is the record legal and beneficial owner of the Collateral free and clear of any Lien adverse claim, lien, security interest, option or other charge or encumbrance except for the security interest created by this Agreement, and Pledgor has full right, power and authority to pledge, assign and grant a security interest in the Collateral to Secured Party.

Ownership of Collateral; Encumbrances. Except as otherwise permitted by the Credit Agreement, The Pledgor is the record and beneficial owner of the Collateral in which it has rights free and clear of any Lien Lien, except for the security interest Lien created by this AgreementAgreement and Permitted Liens, and the Pledgor has full right, power and authority to pledge, assign and grant a security interest in such Collateral to the Collateral to Agent, for the ratable benefit of the Secured PartyParties.

Ownership of Collateral; Encumbrances. Except as otherwise permitted by Other than subject to vesting provisions contained in the Credit AgreementRestricted Stock Agreement between Pledgor and Secured Party governing the Collateral, Pledgor is the record legal and beneficial owner of the Collateral free and clear of any Lien adverse claim, lien, security interest, option or other charge or encumbrance except for the security interest created by this Security Agreement, and Pledgor has full right, power and authority to pledge, assign and grant a security interest in the Collateral to Secured Party.

Ownership of Collateral; Encumbrances. Except as otherwise permitted by the Credit Agreement, Pledgor is the record legal and beneficial owner of the Collateral free and clear of any Lien adverse claim, lien, security interest, option or other charge or encumbrance except for the security interest created by this Agreement, and Pledgor has full right, power and authority to pledge, assign and grant a security interest in the Collateral to Secured Party. Pledgor owns a 99% limited partner interest in the Borrower. Pledgor's limited partner interest in the Borrower is not represented by a certificate.

Ownership of Collateral; Encumbrances. Except as otherwise permitted by the Credit Agreement, Pledgor is the record and beneficial owner of the Collateral free and clear of any Lien adverse claim, lien, security interest, option or other charge or encumbrance except for the security interest created by this Agreement, and Pledgor has full right, power and authority to pledge, assign and grant a security interest in the Collateral to Secured Party.

Ownership of Collateral; Encumbrances. Except as otherwise permitted by the Credit Agreement, Pledgor is the Pledgors are the record and beneficial owner owners of the Collateral free and clear of any Lien except for the security interest created by this Agreement, and Pledgor has the Pledgors have full right, power and authority to pledge, assign and grant a security interest in the Collateral to Secured Partythe Administrative Agent.

Ownership of Collateral; Encumbrances. Except as otherwise permitted by the Credit Agreement, Pledgor is the record and beneficial owner of the Collateral Collateral, which is, except as otherwise permitted by the Indenture or any other applicable Parity Lien Document, free and clear of any Lien except for the security interest created by this AgreementLien, and Pledgor has full right, power and authority to pledge, assign and grant a security interest in the Collateral to Collateral Trustee, for the benefit of the Parity Lien Secured PartyParties.