Status of Pledged Interests. The registration of the Pledged Interests on the permanent ownership records of the Pledgor shall at all times be valid and genuine and shall not be altered. The Pledged Interests at all times shall be duly authorized, validly registered, fully paid, and non-assessable, and shall not be registered in violation of the organic documents of the Pledgor or the preemptive rights of any Person, if any, or of any agreement by which Pledgor or any Pledged Interest Issuer is bound.
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Samples: Pledge Agreement (National Energy Group Inc), Pledge Agreement (National Energy Group Inc)
Status of Pledged Interests. The registration of the Pledged Interests on the permanent ownership records of the Pledgor Pledged Interests Issuers shall at all times be valid and genuine and shall not be altered. The Pledged Interests at all times shall be duly authorized, validly registered, fully paid, and non-assessable, and shall not be registered in violation of the organic documents of the Pledgor or the preemptive rights of any Person, if any, or of any agreement by which Pledgor or any Pledged Interest Interests Issuer is bound.
Appears in 2 contracts
Samples: Credit Agreement (Atlantic Power Corp), Credit Agreement (U.S. Shipping Partners L.P.)
Status of Pledged Interests. The registration of the Pledged Interests on the permanent ownership records of the Pledgor Pledged Interest Issuer shall at all times be valid and genuine and shall not be altered. The Pledged Interests at all times shall be duly authorized, validly registered, fully paid, and non-assessable, and shall not be registered in violation of the organic documents of the each Pledgor or the preemptive rights of any Person, if any, or of any agreement by which such Pledgor or any Pledged Interest Issuer is bound.
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