Common use of Ownership of Pledged Collateral Clause in Contracts

Ownership of Pledged Collateral. Pledgor is the legal, record and beneficial owner of the Pledged Collateral pledged by such Pledgor free and clear of any lien, except for the security interests created by this Pledge Agreement and the lien of Foothill Capital Corporation, as AG Collateral Agent (as defined in the Intercreditor Agreement).

Appears in 2 contracts

Samples: Junior Stock Pledge Agreement (Atlantic Gulf Communities Corp), Junior Stock Pledge Agreement (Atlantic Gulf Communities Corp)

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Ownership of Pledged Collateral. Pledgor is the legal, record and beneficial owner of the Pledged Collateral pledged by such Pledgor free and clear of any lien, except for the security interests created by this Pledge Agreement and the junior lien of Foothill Capital CorporationThe Bank of New York, as AG Collateral Agent (as defined in the Intercreditor Agreement)Agent.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Atlantic Gulf Communities Corp), Stock Pledge Agreement (Atlantic Gulf Communities Corp)

Ownership of Pledged Collateral. Pledgor is the legal, record and beneficial owner of the Pledged Collateral pledged by such Pledgor free and clear of any lien, Lien except for the security interests created by this Pledge Liens permitted under Section 7.2.3 of the Credit Agreement and the lien of Foothill Capital Corporation, as AG Collateral Agent (as defined in the Intercreditor Agreement"Permitted Liens").

Appears in 1 contract

Samples: Security Agreement (Merrill Corp)

Ownership of Pledged Collateral. Pledgor is the legal, record and beneficial owner of the such Pledgor's Pledged Collateral pledged by such Pledgor free and clear of any lien, Lien except for Liens permitted under Section 7.2.3 of the security interests created by this Pledge Credit Agreement and the lien of Foothill Capital Corporation, as AG Collateral Agent (as defined in the Intercreditor Agreement"PERMITTED LIENS").

Appears in 1 contract

Samples: Security Agreement (Merrill Corp)

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Ownership of Pledged Collateral. Pledgor is the legal, record and beneficial owner of the Pledged Collateral pledged by such Pledgor free and clear of any lien, Lien except for Liens permitted under Section 7.2.3 of the security interests created by this Pledge Credit Agreement and the lien of Foothill Capital Corporation, as AG Collateral Agent (as defined in the Intercreditor Agreement"PERMITTED LIENS").

Appears in 1 contract

Samples: Security Agreement (Merrill Corp)

Ownership of Pledged Collateral. Pledgor is the legal, record and beneficial owner of the Pledged Collateral pledged by such Pledgor free and clear of any lien, Lien except for the security interests interest created by this Pledge Agreement and the lien of Foothill Capital Corporation, as AG Collateral Agent (as defined in the Intercreditor Agreement)Permitted Liens.

Appears in 1 contract

Samples: Pledge Agreement (Santa Fe Gaming Corp)

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