Common use of Ownership of Pledged Assets Clause in Contracts

Ownership of Pledged Assets. It is the sole legal owner of all the Pledged Assets and has not created any other nantissement (pledge) and has not sold or disposed of, or granted any options or pre-emption rights in respect of any of its rights, in the Pledged Assets (to the extent prohibited under the Credit Documents).

Ownership of Pledged Assets. It is the sole legal owner of all the Pledged Assets and has not created any other nantissement (pledge) and has not sold or disposed of, or granted any options or pre-emption rights in respect of any of its rights, in the Pledged Assets (to the extent prohibited other than as permitted under the Credit Loan Documents).