Pledged Ownership Interests. (a) The Pledged Ownership Interests identified in Annex 5 are duly authorized, validly existing, fully paid and nonassessable, and none of the Pledged Ownership Interests is subject to any contractual restriction, or any restriction under the organizational documents of any Subsidiary Guarantor, upon the transfer of such Pledged Ownership Interests (except for any such restriction contained in any Transaction Document). Such Pledged Ownership Interests exist in a certificated form.
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Samples: Pledge and Security Agreement (Ormat Funding Corp.), Pledge and Security Agreement (Ormat Funding Corp.), Pledge and Security Agreement (Ormat Funding Corp.)
Pledged Ownership Interests. (a) The Pledged Ownership Interests identified in Annex 5 are duly authorized, validly existing, fully paid and nonassessablenon-assessable, and none of the Pledged Ownership Interests is subject to any contractual restriction, or any restriction under the organizational documents of any Subsidiary Guarantor, upon the transfer of such Pledged Ownership Interests (except for any such restriction contained in any Transaction Document). Such Pledged Ownership Interests exist in a certificated form.Pledged
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Samples: Pledge and Security Agreement (Brady Power Partners)