Pledgor Representations and Warranties. Pledgor hereby represents and warrants to the LLC, the Company and Lender that: (i) Pledgor is entitled to effect the instructions given in this Agreement, and that the entry into this Agreement and the performance thereunder of the parties hereto does and will not breach or violate any of the terms or provisions of the LLC Unit Documents; (ii) Pledgor is not an affiliate of Lender; (iii) the Credit Agreement constitutes a bona fide extension of credit to Pledgor by Lender and such extension of credit is with recourse to Pledgor; and (iv) pursuant to the terms of the Credit Agreement and the Security Agreement and any other agreement with respect to the Pledge, Pledgor retains voting rights with respect to the Pledged Collateral prior to any foreclosure upon the Pledged Collateral after a default in accordance with the terms of the Pledge.
Pledgor Representations and Warranties. Pledgor hereby represents --------------------------------------- and warrants to Pledgees that (a) Pledgor owns the Shares free and clear of all liens, charges, options, encumbrances, rights or interests of others of any kind except those created by this Agreement, (b) that Pledgor has the absolute and unrestricted right, power, authority and capacity, without the consent of any other person, to pledge the Shares in accordance with the terms of this Agreement, (c) that the Pledgor will not assign, sell, transfer, pledge or hypothecate, or otherwise dispose of, or encumber or permit any lien on the Shares, without prior written notice to and consent of the Pledgees, and (d) that there are no restrictions on the voting of the Shares or transfer of the Shares, except as may be imposed by federal or state securities laws.
Pledgor Representations and Warranties. The Pledgor represents and warrants:
