Common use of APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC Clause in Contracts

APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The Pledgee shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Securities, which may be held (in the discretion of the Pledgee) in the name of such Pledgor, endorsed or assigned in blank or in favor of the Pledgee or any nominee or nominees of the Pledgee or a sub-agent appointed by the Pledgee. The Pledgee agrees to promptly notify the relevant Pledgor after the appointment of any sub-agent; provided, however, that the failure to give such notice shall not affect the validity of such appointment.

Appears in 8 contracts

Samples: Pledge and Security Agreement (Felcor Lodging Trust Inc), Pledge Agreement (Therma Wave Inc), Pledge Agreement (Carcomp Services Inc)

AutoNDA by SimpleDocs

APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The Pledgee shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Securities, which may be held (in the discretion of the Pledgee) in the name of such Pledgor, endorsed or assigned in blank or in favor of the Pledgee or any nominee or nominees of the Pledgee or a sub-agent appointed by the Pledgee. The Pledgee agrees to promptly notify the relevant Pledgor after the appointment of any sub-agent; provided, however, that -------- ------- the failure to give such notice shall not affect the validity of such appointment.

Appears in 5 contracts

Samples: Pledge Agreement (Cambridge Industries Inc /De), Pledge Agreement (Kilovac International Inc), Pledge Agreement (Dade International Inc)

APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The Pledgee shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the any Pledged SecuritiesSecurities that are represented by certificates, which may be held (in the discretion of the Pledgee) in the name of such Pledgor, endorsed or assigned in blank or in favor of the Pledgee or any nominee or nominees of the Pledgee or a sub-agent appointed by the Pledgee. The Pledgee agrees to promptly notify the relevant Pledgor after the appointment of any sub-agent; provided, however, that the failure to give such notice shall not affect the validity of such appointment.

Appears in 4 contracts

Samples: Pledge and Security Agreement (Host Marriott Corp/), Pledge and Security Agreement (Host Marriott L P), Pledge and Security Agreement (HMH HPT Courtyard Inc)

APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. (a) The Pledgee shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Securities, which may be held (in the discretion of the Pledgee) in the name of such Pledgor, endorsed or assigned in blank or in favor of the Pledgee or any nominee or nominees of the Pledgee or a sub-agent appointed by the Pledgee. The Pledgee agrees to promptly notify the relevant Pledgor after the appointment of any sub-agent; provided, however, that the failure to give such notice shall not affect the validity of such appointment.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Starwood Hotel & Resorts Worldwide Inc), Bailee Agreement (Alliance Gaming Corp)

APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The Pledgee shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged SecuritiesStock, which may be held (in the discretion of the Pledgee) in the name of such the Pledgor, endorsed or assigned in blank or in favor of the Pledgee or any nominee or nominees of the Pledgee or a sub-agent appointed by the Pledgee. The Pledgee agrees to promptly notify the relevant Pledgor after the appointment of any sub-agent; provided, however, that the failure to give such notice shall not affect the validity of such appointment.

Appears in 1 contract

Samples: Pledge Agreement (Alpine Group Inc /De/)

APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The Pledgee shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Securities, which may be held (in the discretion of the Pledgee) in the name of such the Pledgor, endorsed or assigned in blank or in favor of the Pledgee or any nominee or nominees of the Pledgee or a sub-agent appointed by the Pledgee. The Pledgee agrees to promptly notify the relevant Pledgor after the appointment appointment" of any sub-agent; providedPROVIDED, howeverHOWEVER, that the failure to give such notice shall not affect the validity of such appointment.

Appears in 1 contract

Samples: Security Agreement (Agency Com LTD)

APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The Pledgee shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Securities, which may be held (in the discretion of the Pledgee) in the name of such Pledgor, endorsed or assigned in blank or in favor of the Pledgee or any nominee or nominees of the Pledgee or a sub-agent appointed by the Pledgee. The Pledgee agrees to promptly notify the relevant Pledgor after the appointment of any sub-agent; providedPROVIDED, howeverHOWEVER, that the failure to give such notice shall not affect the validity of such appointment.

Appears in 1 contract

Samples: Pledge Agreement (Safelite Glass Corp)

APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The Pledgee shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the any Pledged SecuritiesSecurities that are represented by certificates, which may be held (in the discretion of the Pledgee) in the name of such Pledgor, endorsed or assigned in blank or in favor of the Pledgee or any nominee or nominees of the Pledgee or a sub-agent appointed by the Pledgee. The Pledgee agrees to promptly notify the relevant Pledgor after the appointment of any sub-agent; provided, however, that the failure to give such notice shall not -------- ------- affect the validity of such appointment.

Appears in 1 contract

Samples: Pledge and Security Agreement (Host Marriott L P)

AutoNDA by SimpleDocs

APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The Pledgee shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Securities, which may be held (in the discretion of the Pledgee) in the name of such Pledgorthe Pledgee, as pledgee, or endorsed or assigned in blank or in favor of the Pledgee Pledgee, as pledgee, or any nominee or nominees of the Pledgee or a sub-agent appointed by the Pledgee. The Pledgee agrees to promptly notify the relevant Pledgor after the appointment of any sub-agent; provided, however, that the failure to give such notice shall not affect the validity of such appointment.

Appears in 1 contract

Samples: Security Agreement (Eldertrust)

APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The Pledgee shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged SecuritiesStock, which may be held (in the discretion of the Pledgee) in the name of such the Pledgor, endorsed or assigned in blank or in favor of the Pledgee or any nominee or nominees of the Pledgee or a sub-agent appointed by the Pledgee. The Pledgee agrees to promptly notify the relevant Pledgor after the appointment of any sub-agent; providedPROVIDED, howeverHOWEVER, that the failure to give such notice shall not affect the validity of such appointment.

Appears in 1 contract

Samples: Alpine Pledge Agreement (Alpine Group Inc /De/)

APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The Pledgee shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Securities, which may be held (in the discretion of the Pledgee) in the name of such Pledgor, endorsed or assigned in blank or in favor of the Pledgee or any nominee or nominees of the Pledgee or a sub-agent appointed by the Pledgee. The Pledgee agrees to promptly notify the relevant Pledgor after the appointment of any sub-sub- agent; provided, however, that the failure to give such notice shall not affect the validity of such appointment.

Appears in 1 contract

Samples: Pledge Agreement (Globe Manufacturing Corp)

APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The Pledgee shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Securities, which may be held (in the discretion of the Pledgee) in the name of such the Pledgor, endorsed or assigned in blank or in favor of the Pledgee or any nominee or nominees of the Pledgee or a sub-agent appointed by the Pledgee. The Pledgee agrees to promptly notify the relevant Pledgor after the appointment of any sub-agent; providedPROVIDED, howeverHOWEVER, that the failure to give such notice shall not affect the validity of such appointment.

Appears in 1 contract

Samples: Borrower Pledge Agreement (Amerus Life Holdings Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.