Certificates and Powers. Concurrently with the execution and delivery of this Agreement, Pledgor shall deliver to Agent, on behalf of Lender, each original certificate evidencing the Pledged Securities (which certificates shall constitute “security certificates” (as defined in the Code)), together with an undated limited liability company membership power covering each such certificate duly executed in blank.
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Samples: Mezzanine Pledge and Security Agreement, Mezzanine Pledge and Security Agreement (New York REIT, Inc.), Mezzanine Pledge and Security Agreement (New York REIT, Inc.)
Certificates and Powers. Concurrently with the execution and delivery of this Agreement, Pledgor shall deliver to Agent, Agent on behalf of Lender, Lender each original certificate evidencing the Pledged Securities (which certificates shall constitute “security certificates” (as defined in the Code)), together with an undated limited liability company membership power covering each such certificate duly executed in blank.
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Samples: Pledge and Security Agreement (New York REIT, Inc.)
Certificates and Powers. Concurrently with the execution and delivery of this Agreement, Pledgor shall deliver to Agent, on behalf of Lender, each Secured Party the original certificate evidencing the Pledged Securities Interests (which certificates shall constitute the “security certificates” (as defined in the Code)), together with an undated limited liability company membership interest transfer power covering each such certificate certificate, duly executed in blank, in the form of Exhibit B attached hereto.
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