Common use of Securities of the Borrower Clause in Contracts

Securities of the Borrower. Intermediate Holdings owns good, valid and insurable legal title to all the outstanding common stock of the Borrower, free and clear of all Liens of every kind, whether absolute, matured, contingent or otherwise, other than those arising under the Collateral Documents. Except as set forth on Schedule 5.21, there are no shareholder agreements or other agreements pertaining to Intermediate Holdings’ beneficial ownership of the common stock of the Borrower, including any agreement that would restrict Intermediate Holdings’ right to dispose of such common stock and/or its right to vote such common stock.

Securities of the Borrower. Intermediate Holdings owns good, valid and insurable legal marketable title to all the outstanding common stock of the Borrower, free and clear of all Liens of every kind, whether absolute, matured, contingent or otherwise, other than those arising under the Collateral Documents. Except as set forth on Schedule 5.215.22, there are no shareholder or member, as the case may be, agreements or other agreements pertaining to Intermediate Holdings’ beneficial ownership of the common stock of the Borrower, including any agreement that would restrict Intermediate Holdings’ right to dispose of such common stock and/or its right to vote such common stock.

Securities of the Borrower. Intermediate Holdings owns good, valid and insurable legal title to all the outstanding common stock of the Borrower, free and clear of all Liens of every kind, whether absolute, matured, contingent or otherwise, other than those arising under the Collateral Documents. Except as set forth on Schedule 5.21, there are no shareholder agreements or other agreements pertaining to Intermediate Holdings’ ' beneficial ownership of the common stock of the Borrower, including any agreement that would restrict Intermediate Holdings’ ' right to dispose of such common stock and/or its right to vote such common stock.