Examples of Shareholder Pledge Agreement in a sentence
Such Stockholder is the lawful owner, of record and --------- beneficially, of the Securities owned by such Stockholder (which are those Securities listed opposite such Stockholder's name on Annex I) and has good ------- title to such Securities, free and clear of any and all Encumbrances (except for the Encumbrances granted by certain of the Stockholders under the Shareholder Pledge Agreement, dated as of January 31, 1997) other than liens for taxes not yet due and payable.
It is a condition to the release of the Pledged Shares from the lien under the Original Shareholder Pledge Agreement that the Pledgor enter into this Agreement.
Each Company Shareholder that executes this Agreement as a trustee, executor or personal representative has all fiduciary powers (pursuant to the instruments and agreements establishing such trust or estate and applicable law) required to execute, deliver and perform this Agreement, the Shareholder Pledge Agreement and the Registration Rights Agreement as such a trustee, executor or personal representative.
The execution, delivery and performance by the Company and each Company Shareholder of this Agreement, the Shareholder Pledge Agreement and the Registration Rights Agreement and the consummation by the Company and each Company Shareholder of the transactions contemplated hereby are within such party's corporate or legal powers and have been duly authorized by all necessary corporate, entity, shareholder, partner, member, trustee and beneficiary actions.
Each Company Shareholder that is a corporation, limited partnership, limited liability company or similar entity is a corporation or other such entity duly incorporated or formed, validly existing and in good standing under the laws of its jurisdiction of incorporation or formation, and has all corporate or legal powers required to execute, deliver and perform this Agreement, the Shareholder Pledge Agreement and the Registration Rights Agreement.