Common use of Delivery Covenants Clause in Contracts

Delivery Covenants. Each Grantor will deliver and pledge to the Collateral Agent, for the ratable benefit of itself and the other Secured Parties, to the extent such items constitute Collateral, all Certificated Securities, Partnership/LLC Interests evidenced by a certificate, negotiable Documents with respect to any Collateral which exceeds $500,000 in value, Instruments, and Tangible Chattel Paper owned or held by such Grantor, in each case, together with an Effective Endorsement and Assignment and all Supporting Obligations, as applicable, unless such delivery and pledge has been waived in writing by the Collateral Agent.

Delivery Covenants. Each Grantor will deliver and pledge to the Collateral Agent, for the ratable benefit of itself and the other Secured Parties, to the extent such items constitute Collateral, all Certificated Securities, Partnership/LLC Interests evidenced by a certificate, negotiable Documents with respect to any Collateral which exceeds $500,000 in valueDocuments, Instruments, and Tangible Chattel Paper owned or held by such Grantor, in each case, together with an Effective Endorsement and Assignment and all Supporting Obligations, as applicable, unless such delivery and pledge has been waived in writing by the Collateral Agent.