Common use of Pledged Interests Clause in Contracts

Pledged Interests. The Pledged Interest constitutes all of Guarantor's ownership interest in the Borrower; and such Pledged Interest has been duly issued, is fully paid and non-assessable, and is free of all claims, security interests, liens, charges and encumbrances other than transfer restrictions set forth in the Partnership Agreement of Borrower;

Pledged Interests. The Pledged Interest constitutes all of Guarantor's ownership membership interest in the Borrower; and such Pledged Interest has been duly issued, is fully paid and non-assessable, and is free of all claims, security interests, liens, charges and encumbrances other than transfer restrictions set forth in the Partnership Operating Agreement of Borrower;