Completion of Documents. Upon the occurrence of an Event of Default and during the continuation thereof, the Secured Party may: (a) complete the blank, signed and undated transfers; (b) cause to be dated each undated letter of resignation from each director; and (c) date the undated shareholder power and proxy, delivered to it pursuant to this Agreement.
Appears in 3 contracts
Samples: Security Agreement (Gulf United Energy, Inc.), Security Agreement (Gulf United Energy, Inc.), Security Agreement (Gulf United Energy, Inc.)
Completion of Documents. Upon the occurrence and during the continuance of an Event of Default and during the continuation thereofDefault, the Secured Party may:
(ai) complete the blank, signed and undated transfers;
(bii) cause to be dated each undated letter of resignation from each director; and
(ciii) date the undated shareholder power and proxy, delivered to it pursuant to this Agreement.
Appears in 2 contracts
Samples: Pledge Agreement (Gulf United Energy, Inc.), Pledge Agreement (Gulf United Energy, Inc.)
