Pledged Membership Interests. All Pledged Membership Interests have been duly authorized and validly issued, and are fully paid and non-assessable, and are subject to no options to purchase or similar rights of any Person. The Pledgor is not and will not become a party to or otherwise bound by any agreement, other than this Agreement, which restricts in any manner the rights of any present or future holder of any of the Pledged Membership Interests with respect thereto.
Pledged Membership Interests. At any time and from time to time after the occurrence of an Event of Default (as hereinafter defined) or a default under any of the Obligations which is continuing uncured and unwaived, the Borrower shall, upon request of any of DJS, PTA or DSI, execute and deliver to the requesting party any proxies, stock powers or assignments with respect to the Pledged Membership Interests or endorse any instruments or chattel paper with respect to Pledged Membership Interests as so requested in order to enforce its rights under Section 9.4(g).
Pledged Membership Interests. In the event that a reclassification, split, reverse split, dividend, readjustment, or other change is made in the capital structure of any of the Operating Companies (a) any additional or substituted shares issued on behalf of the Pledged Membership Interests shall be subject to the pledge contained in this Agreement and (b) if such change reduces the number of the membership interests of any of the Operating Companies, then the number of Pledged Membership Interests shall be reduced in proportion to such reduction.
Pledged Membership Interests. The Pledged Membership Interests (a) were duly and validly issued, are fully paid and non‑assessable and (b) with respect to any certificates delivered to the Lender representing an ownership interest in the Borrower, either such certificates are “securities” as defined in Article 8 of the UCC of the applicable jurisdiction as a result of actions by the Borrower or otherwise, or, if such certificates are not Securities, such Pledgor has so informed the Lender so that the Lender may take steps to perfect its Security Interest therein as a general intangible. COVENANTS From the date of this Agreement, and thereafter until this Agreement is terminated:
Pledged Membership Interests. 100% of the membership interests owned by such Pledgor of each Material Subsidiary which is a limited liability company as more fully described on Schedule 2(a) attached hereto (collectively, together with any membership interests described in Sections 2(d) and 2(e) below, the "Pledged Membership Interests").
Pledged Membership Interests. Borrower is the sole and lawful owner of the Pledged Membership Interests and has the right and authority to subject the same to the security interest of the Lenders and the Secured Party Representative on behalf of the Lenders under this Agreement. None of the Pledged Membership Interests is subject to any Lien (other than pursuant to this Agreement and a junior priority lien in favor of the Junior Secured Parties). This Agreement creates in favor of each Lender and the Secured Party Representative on behalf of the Lenders a valid security interest in the Pledged Membership Interests. All of the Pledged Membership Interests have been duly and validly issued and are fully paid and nonassessable.
Pledged Membership Interests. All of the Pledged Membership Interests;
Pledged Membership Interests. Pledgor Pledged Subsidiary Percentage of Membership Interest owned by the Pledgor Pledgor Pledged Subsidiary Percentage of Partnership Interest owned by the Pledgor Pledgor Type of Entity Jurisdiction of Organization Mailing Address of Chief Executive Office Pledgor Prior Name Date of Name Change
Pledged Membership Interests. Grantor Securities Issuer State of Organization of Securities Issuer No. of Membership Interests Membership Interests % of Interests Pledged Certificate No.
Pledged Membership Interests. Borrower is the sole and lawful owner of the Pledged Membership Interests and has the right and authority to subject the same to the security interest of the Lender and the Secured Parties under this Agreement. None of the Pledged Membership Interests is subject to any Lien (other than pursuant to this Agreement and subject to a lien in favor of the holder of the Senior Debt). This Agreement creates in favor of each of DJS, PTA and DSI a valid security interest in the Pledged Membership Interests. All of the Pledged Membership Interests have been duly and validly issued and are fully paid and nonassessable.
