Title to Pledged Securities. The Pledgor owns all of the Pledged Stock, free and clear of any Liens other than the Security Interests. All of the Pledged Stock has been duly authorized and validly issued, and is fully paid and non-assessable, and is subject to no options to purchase or similar rights of any
Title to Pledged Securities. The Pledgor owns all of the Pledged Securities, free and clear of any Liens other than the Security Interests. All of the Pledged Stock has been duly authorized and validly issued, is fully paid and nonassessable (if applicable), and is subject to no options to purchase or similar rights of any person, and constitutes all and not less than all the Pledgor's securities of any class in the capital of the Subsidiary. The Pledgor is not and agrees that it will not become a party to or otherwise bound by any agreement, other than this Pledge Agreement or any of the Loan Documents, which might affect or restrict in any manner the rights of the Collateral Agent or the other Secured Parties or both or any present or future holder of any of the Pledged Stock with respect thereto.
Title to Pledged Securities. The Company owns all of the Pledged Securities, free and clear of any Liens other than the Security Interests. The Pledged Stock includes all of the issued and outstanding capital stock of each Issuer. All of the Pledged Stock has been duly authorized and validly issued, and is fully paid and non-assessable, and is subject to no options to purchase or similar rights of any Person. The Company is not and will not become a party to or otherwise bound by any agreement, other than this Agreement, which restricts in any manner the rights of any present or future holder of any of the Pledged Securities with respect thereto.
Title to Pledged Securities. The Grantors own all of the Pledged Securities, free and clear of any Liens other than the Security Interests. The Pledged Stock includes all of the issued and outstanding capital stock of each Issuer owned by the Grantors. All of the Pledged Stock has been duly authorized and validly issued, and is fully paid and non-assessable, and is subject to no options to purchase or similar rights of any Person. No Grantor is or will become a party to or otherwise bound by any agreement, other than this Agreement, which restricts in any manner the rights of any present or future holder of any of the Pledged Securities with respect thereto.
Title to Pledged Securities. Such Pledgor owns all of the Pledged Securities listed on Schedule I and Schedule II across from its name, free and clear of any Liens other than the Security Interests. Except as set forth on Schedule I, the Pledged Stock includes all of the issued and outstanding capital stock of each Issuer. All of the Pledged Stock has been duly authorized and validly issued, and is fully paid and non-assessable, and is subject to no options to purchase or similar rights of any Person. Such Pledgor is not and will not become a party to or otherwise bound by any agreement, other than this Agreement or various franchise agreements between such Pledgor and automobile franchisors, which restricts in any manner the rights of any present or future holder of any of the Pledged Securities with respect thereto.
Title to Pledged Securities. The Pledgor owns all of the Pledged Securities, free and clear of any Liens other than the Security Interests, and has full right and authority to grant the Security Interests to the Secured Party as provided in Section 3. All of the Pledged Stock has been duly authorized and validly issued, and is fully paid and non-assessable, and is subject to no options to purchase or similar rights of any Person. The Pledgor is not and will not become a party to or otherwise bound by any agreement, other than this Agreement, which restricts in any manner the rights of any present or future holder of any of the Pledged Securities with respect thereto.
Title to Pledged Securities. Holdings owns all of the Pledged Stock and will own any Pledged Securities hereafter issued, in each event free and clear of any Liens other than (i) the Security Interests and (ii) the junior Lien granted to the Seller pursuant to the Stock Pledge Agreement dated December 31, 1996 between the Seller and Holdings and subject to the Intercreditor Agreement dated as of December 31, 1996 between the Agent and the Seller. All of the Pledged Stock has been duly authorized and validly issued, and is fully paid and non-assessable, and is subject to no options to purchase or similar rights of any Person. Other than the Seller Pledge Agreement, Holdings is not and will not become a party to or otherwise bound by any agreement, other than this Agreement, which restricts in any manner the rights of any present or future holder of any of the Pledged Stock or any future holder of Pledged Securities with respect thereto.
Title to Pledged Securities. HIG owns all of the Pledged Stock and will own any Pledged Securities hereafter issued, in each event free and clear of any Liens other than the Security Interests. All of the Pledged Stock has been duly authorized and validly issued, and is fully paid and non-assessable, and is subject to no options to purchase or similar rights of any Person. HIG is not and will not become a party to or otherwise bound by any agreement, other than this Agreement, which restricts in any manner the rights of any present or future holder of any of the Pledged Stock or any future holder of Pledged Securities with respect thereto.
Title to Pledged Securities. LTC owns all of the Pledged Stock and will own any Pledged Securities hereafter issued, in each event free and clear of any Liens other than the Security Interests. All of the Pledged Stock has been duly authorized and validly issued, and is fully paid and non-assessable, and is subject to no options to purchase or similar rights of any Person. LTC is not and will not become a party to or otherwise bound by any agreement, other than this Agreement, which restricts in any manner the rights of any present or future holder of any of the Pledged Stock or any future holder of Pledged Securities with respect thereto.
Title to Pledged Securities. Except as disclosed on Schedule 7.1(h) and Schedule 7.1(n), the Borrower is the sole owner of, and has good and Marketable title to the Pledged Securities free and clear of all encumbrances and the Security will constitute a first fixed charge on the Pledged Securities. The Pledged Securities are fully-paid and non-assessable and are not subject to any voting trust, shareholder agreement or voting agreement;
