Common use of Title to Pledged Collateral Clause in Contracts

Title to Pledged Collateral. Pledgor is the sole legal and beneficial owner of the Pledged Collateral free and clear of any Liens other than the Security Interests and Liens permitted under the Indentures, provided that this Section shall apply only to Pledged Collateral constituting equity interests in entities that are also Guarantors.

Title to Pledged Collateral. The Pledgor is the sole legal and beneficial equitable owner of the Pledged Collateral Collateral, and holds good title to the same free and clear of any Liens other than all liens, charges, encumbrances and security interests or rights of others of every kind and nature whatsoever, except for the Security Interests and Liens permitted under security interest granted hereunder to the Indentures, provided that this Section shall apply only to Bank. The Pledgor has owned the Pledged Collateral constituting equity interests in entities that are also Guarantorscontinuously since April 22, 1996.