Common use of Delivery Covenants Clause in Contracts

Delivery Covenants. (a) To the extent constituting Collateral and subject to the time periods for delivery set forth in the Credit Agreement or elsewhere herein, such Grantor will deliver and pledge to the Administrative Agent, for the benefit of the Secured Parties, all of such Grantor’s (i) Certificated Securities and (ii) Partnership/LLC Interests evidenced by a certificate, together in each case with an Effective Endorsement and Assignment, in each case to the extent constituting Collateral. (b) If at any time any of the Partnership/LLC Interests included in the Collateral (i) are dealt in or traded on a securities exchange or in securities markets, (ii) by their terms expressly provide that they are Securities governed by Article 8 of the UCC or (iii) are Investment Company Securities, the applicable Grantor shall notify the Administrative Agent and, upon the request of the Administrative Agent, use commercially reasonable efforts to certificate such Partnership/LLC Interests and deliver such certificates to the Administrative Agent, together with an Effective Endorsement and Assignment.