Common use of Delivery and Maintenance of Collateral Clause in Contracts

Delivery and Maintenance of Collateral. On the Effective Date, the Executive shall deliver to the Company certificates representing the Original Covered Shares (together with undated stock powers signed in blank). No later than the fifth Business Day after each Revaluation Date, the Company shall determine the Share Value of the Executive's Covered Shares as of such Revaluation Date and promptly notify the Executive thereof. If the Share Value of the Covered Shares then subject to this Section 13 exceeds the Required Amount and no Default shall have occurred and be continuing, the Company shall release from the pledge hereunder that number of the Covered Shares having a Share Value equal to the excess of the Share Value of the Covered Shares therefore subject to this Section 13 over the Required Amount (the Shares not so released from the pledge the "ADJUSTED COVERED SHARES").

Delivery and Maintenance of Collateral. On the Effective Date, the Executive shall deliver to the Company certificates representing the Original Covered Shares (together with undated stock powers signed in blank). No later than the fifth Business Day after each Revaluation Date, the Company shall determine the Share Value of the Executive's ’s Covered Shares as of such Revaluation Date and promptly notify the Executive thereof. If the Share Value of the Covered Shares then subject to this Section 13 exceeds the Required Amount and no Default shall have occurred and be continuing, the Company shall release from the pledge hereunder that number of the Covered Shares having a Share Value equal to the excess of the Share Value of the Covered Shares therefore subject to this Section 13 over the Required Amount (the Shares not so released from the pledge the "ADJUSTED COVERED SHARES"“Adjusted Covered Shares”).

Delivery and Maintenance of Collateral. On the Effective Date, the Executive Director shall deliver to the Company certificates representing the Original Covered Shares (together with undated stock powers signed in blank). No later than the fifth Business Day after each Revaluation Date, the Company shall determine the Share Value of the ExecutiveDirector's Covered Shares as of such Revaluation Date and promptly notify the Executive Director thereof. If the Share Value of the Covered Shares then subject to this Section 13 6 exceeds the Required Amount and no Default shall have occurred and be continuing, the Company shall release from the pledge hereunder that number of the Covered Shares having a Share Value equal to the excess of the Share Value of the Covered Shares therefore subject to this Section 13 6 over the Required Amount (the Shares not so released from the pledge the "ADJUSTED COVERED SHARES").