Share security. Each Obligor (other than UPC Broadband Holdco) will not, and will procure that no member of the Borrower Group will, issue any shares of any class provided that:
Share security. The Share Security in respect of each of the Owners duly executed by the Borrower together with all letters, transfers, certificates and other documents required to be delivered under the Share Security.
Share security. If the Security Document to be executed by the relevant Obligor creates a Security Interest over shares in a Subsidiary of that Obligor:
Share security. Each Obligor will not, and will procure that no member of the Group will, issue any shares of any class provided that:
Share security. Each member of the Group that has entered into any Security Document for the purposes of granting Security over its shares in another member of the Group is the legal and beneficial owner of all of such shares and other assets (the “charged assets") secured, or purported to be secured, under such Security Document free from any Security (other than the relevant Security created pursuant to that Security Document); and the charged assets are free from any restrictions as to transfer or registration and are not subject to any calls or other liability to pay money.
Share security procure compliance by the Sponsor of its obligations under the Share Pledges;
Share security. The Issuer shall ensure there are no restrictions on the sale or transfer (including any lien, right of pre-emption, or director discretion) upon enforcement by a mortgagee of security held over all or any of its shares under its articles of association or other constitutional or organisational documents, or otherwise.
Share security. The Guarantor shall grant no Security over shares of the Issuer subject to the Issuer Share Charge other than Permitted Security.
Share security. Each Obligor that has entered into any Security Document for the purposes of granting Security over its shares in another Obligor is the legal and beneficial owner of all of such shares and rights in respect of such shares (the "charged assets") secured, or purported to be secured, under such Security Document free from any Security (other than the 11/11665581 73 relevant Security created pursuant to that Security Document); and except as provided in laws of general application, the charged assets are free from any restrictions as to transfer or registration and are not subject to any calls or other liability to pay money.
Share security. Where an Obligor pledges shares, the Security Document will (subject to agreed exceptions) be governed by the law of the company whose shares are being pledged and not by the law of the country of the pledgor.
