Delivery of Ownership Certificates and Conveyance Powers. Simultaneously with the delivery of this Guaranty, NCMC is delivering to the Buyer all certificated instruments and ownership certificates representing the Pledged Equity, together with conveyance powers duly executed in blank by NCMC and the registration book maintained by the Seller with respect to the Pledged Equity. NCMC shall promptly deliver to the Buyer, or cause the Seller or any other entity issuing the Pledged Collateral to deliver directly to the Buyer, (i) ownership certificates or other instruments representing any Pledged Equity acquired or received by NCMC after the date of this Guaranty and (ii) a conveyance power or bond power duly executed in blank by NCMC. If at any time the Buyer notifies NCMC that it requires additional conveyance powers endorsed in blank, NCMC shall promptly execute in blank and deliver the requested power to the requesting party.
Appears in 7 contracts
Samples: Guaranty and Pledge Agreement (New Century Financial Corp), Guaranty and Pledge Agreement (New Century Financial Corp), Guaranty and Pledge Agreement (New Century TRS Holdings Inc)
