Ownership of Pledged Stock. Pledgor is the direct legal and beneficial owner of the Pledged Stock, and such Pledged Stock represents 100% of the issued and outstanding stock of its issuer.
Appears in 3 contracts
Samples: Pledge Agreement (Platinum Entertainment Inc), Pledge Agreement (Gibraltar Packaging Group Inc), Pledge Agreement (Gibraltar Packaging Group Inc)
Ownership of Pledged Stock. Pledgor is the direct legal and beneficial owner of the Pledged Stock, each share of each Borrower and such Pledged Stock represents 100% of the issued and outstanding stock of its issuer. The Pledged Stock represents all of the issued and outstanding shares of stock of such issuer owned by Pledgor.
Appears in 2 contracts
Samples: Pledge Agreement (Lois/Usa Inc), Pledge Agreement (Lois/Usa Inc)
