APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The Administrative Agent 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 Administrative Agent) in the name of the relevant Pledgor, endorsed or assigned in blank or in favor of the Administrative Agent or any nominee or nominees of the Administrative Agent or a sub-agent appointed by the Administrative Agent.
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Samples: Credit Agreement (American Residential Properties, Inc.), Credit Agreement (American Residential Properties, Inc.), Pledge Agreement (Fairpoint Communications Inc)
APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The If and to the extent necessary to enable the Administrative Agent to perfect its security interest in any of the Collateral or to exercise any of its remedies hereunder, the Administrative Agent shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged SecuritiesCollateral, which may be held (in the discretion of the Administrative Agent) in the name of the relevant PledgorGrantor, endorsed or assigned in blank or in favor of the Administrative Agent or any nominee or nominees of the Administrative Agent or a sub-agent appointed by the Administrative Agent.
Appears in 2 contracts
Samples: Security Agreement, Security Agreement (Spirit Realty Capital, Inc.)
APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The With respect to any Collateral consisting of a Certificated Security, the Administrative Agent shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Securitiessuch Collateral, which may be held (in the discretion of the Administrative Agent) in the name of the relevant Pledgor, endorsed or assigned in blank or in favor of the Administrative Agent or any nominee or nominees of the Administrative Agent or a sub-agent appointed by the Administrative Agent.
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APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The Administrative Agent shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged SecuritiesEquity Interests, which may be held (in the discretion of the Administrative Agent) in the name of the relevant Pledgor, endorsed or assigned in blank or in favor of the Administrative Agent or any nominee or nominees of the Administrative Agent or a sub-agent appointed by the Administrative Agent.
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