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.
Appears in 5 contracts
Samples: Pledge and Security Agreement (Williams Randa Duncan), Pledge and Security Agreement (Williams Randa Duncan), Pledge and Security Agreement (Williams Randa Duncan)
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.
Appears in 4 contracts
Samples: Security Agreement (Corrida Resources Inc), Pledge and Security Agreement (Corrida Resources Inc), Security Agreement (Queen Sand Resources Inc)
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.
Appears in 3 contracts
Samples: Guaranty Agreement (St Mary Land & Exploration Co), Pledge and Security Agreement (St Mary Land & Exploration Co), Pledge and Security Agreement (St Mary Land & Exploration Co)
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.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Duncan Dan L), Pledge and Security Agreement (Duncan Dan L)
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.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Universal Compression Inc), Us Pledge Agreement (Exterran Holdings Inc.)
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.
Appears in 2 contracts
Samples: Pledge and Security Agreement (St Mary Land & Exploration Co), Pledge and Security Agreement (St Mary Land & Exploration Co)
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.
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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.
Appears in 1 contract
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.
Appears in 1 contract
Samples: Pledge and Security Agreement (Black Elk Energy Finance Corp.)
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.
Appears in 1 contract
Samples: Security Agreement (Dailey Petroleum Services Corp)
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.
Appears in 1 contract
Samples: Security Agreement (Kinder Morgan Energy Partners Lp)
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.
Appears in 1 contract
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.
Appears in 1 contract
Samples: Pledge and Security Agreement (Universal Compression Holdings Inc)
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.
Appears in 1 contract
