Description of Pledged Shares. The Pledged Shares constitute 65% of the voting power of all classes of Equity Securities of each issuer thereof, and there are no outstanding warrants, options or other rights to purchase, or other agreements outstanding with respect to, or property that is now or hereafter convertible into, or that requires the issuance or sale of, any Pledged Shares.
Appears in 2 contracts
Sources: Pledge Agreement (Nu Skin Enterprises Inc), Pledge Agreement (Nu Skin Enterprises Inc)
Description of Pledged Shares. The Pledged Shares constitute 65% all of the voting power issued and outstanding shares of all classes of Equity Securities stock of each issuer thereof, and there are no outstanding warrants, options or other rights to purchase, or other agreements outstanding with respect to, or property that is now or hereafter convertible into, or that requires the issuance or sale of, any Pledged Shares.
Appears in 1 contract
Sources: Senior Secured Revolving Credit Agreement (Wyndham Hotel Corp)