Common use of Delivery of Instruments and Certificated Securities Clause in Contracts

Delivery of Instruments and Certificated Securities. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Certificated Security, such Instrument or Certificated Security shall be immediately delivered to the Collateral Agent, duly indorsed in a manner satisfactory to the Collateral Agent, to be held as Collateral pursuant to this Agreement.

Appears in 4 contracts

Samples: Share Pledge Agreement (U S Energy Systems Inc), Collateral Agreement (Conseco Inc), Collateral Agreement (Conseco Inc)

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Delivery of Instruments and Certificated Securities. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument (other than an Instrument that constitutes Chattel Paper) or Certificated Security, such Instrument or Certificated Security shall be immediately delivered to the Collateral Administrative Agent, duly indorsed in a manner satisfactory to the Collateral Administrative Agent, to be held as Collateral pursuant to this Agreement.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Fah Co Inc)

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