Delivery of Pledged Collateral; Financing Statements. All certificates or instruments representing or evidencing the Pledged Securities shall immediately be delivered to Secured Party and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, in the form set forth as Exhibit B. Debtor hereby covenants to immediately deliver to Secured Party any Pledged Securities distributed to Debtor pursuant to the terms of the Escrow Agreement (as defined in Exhibit A).
Delivery of Pledged Collateral; Financing Statements. (a) Each Pledgor shall deliver to the Administrative Agent (i) within 10 Business Days following the execution and delivery of this Pledge Agreement (or such later date as may be agreed to by the Administrative Agent in its sole discretion), all certificates representing the Pledged Interests held by or on behalf of such Pledgor, together with a supplement to Schedule I setting forth the certificate number of each such certificate, and (ii) promptly upon the receipt thereof by or on behalf of such Pledgor, any other certificates and instruments constituting Pledged Collateral. Prior to delivery to the Administrative Agent, all such certificates and instruments, if any, constituting Pledged Collateral shall be held in trust by such Pledgor for the benefit of the Administrative Agent pursuant hereto. Each such certificate shall be delivered in suitable form for transfer by delivery or shall be accompanied by a duly executed instrument of transfer or assignment in blank, substantially in the form provided in Exhibit C attached hereto (a “Transfer Power”).
Delivery of Pledged Collateral; Financing Statements. (a) All certificates representing or evidencing the Pledged Collateral, if any, shall be delivered to and held by or on behalf of the Secured Party pursuant hereto and shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to the Secured Party. In addition, the Secured Party shall have the right at any time to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations.
Delivery of Pledged Collateral; Financing Statements. (a) All certificates or instruments representing or evidencing the Pledged Collateral shall, from time to time, be delivered to and held by or on behalf of the Secured Party pursuant hereto and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to the Secured Party. The Pledgor shall promptly deliver to the Secured Party certificates or other instruments representing or evidencing the Pledged Collateral acquired or received after the date of this Pledge Agreement with a stock power or such other instrument of transfer or assignment in blank duly executed by such Pledgor. If at any time the Secured Party notifies the Pledgor that it requires additional stock powers or such other instruments of transfer endorsed in blank, such Pledgor shall promptly execute in blank and deliver the requested stock power or transfer instrument to the Secured Party.
Delivery of Pledged Collateral; Financing Statements. Concurrently with the execution of this Pledge Agreement, Debtor shall deliver to the Secured Party one or more original certificates representing the Pledged Securities in suitable form for transfer by delivery or accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Secured Party. Debtor hereby authorizes the Secured Party to file a UCC-1 financing statement, naming the Debtor, as debtor, and covering the Collateral, in the appropriate filing office (or offices) under the Uniform Commercial Code as in effect in New York or any other applicable jurisdiction.
Delivery of Pledged Collateral; Financing Statements. (a) Pledgor shall deliver to the Administrative Agent (i) all certificates representing the Pledged Interests held by or on behalf of Pledgor, and (ii) promptly upon the receipt thereof by or on behalf of Pledgor, any other certificates and instruments constituting Pledged Collateral (including, without limitation, any certificate representing stock and/or liquidating dividends, other distributions in property, return of capital or other distributions made on or in respect of the Pledged Collateral, whether resulting from a subdivision, combination or reclassification of outstanding Equity Interests or received in exchange for Pledged Collateral or any part thereof or as a result of any merger, consolidation, acquisition or other exchange of assets or on the liquidation, whether voluntary or involuntary, or otherwise), instrument, option or rights in respect of any Pledged Collateral, whether in addition to, in substitution of, as a conversion of, or in exchange for, any Pledged Collateral, or otherwise in respect thereof). Prior to delivery to the Administrative Agent, all such certificates and instruments, if any, constituting Pledged Collateral shall be held in trust by Pledgor for the benefit of the Administrative Agent pursuant hereto. Each such certificate shall be delivered in suitable form for transfer by delivery or shall be accompanied by a duly executed instrument of transfer or assignment in blank, substantially in the form provided in Exhibit A attached hereto (a “Transfer Power”).
Delivery of Pledged Collateral; Financing Statements. All certificates or instruments representing or evidencing the Pledged Collateral shall be promptly delivered to Collateral Agent and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed assignment in blank, in the form attached as Exhibit A hereto.
Delivery of Pledged Collateral; Financing Statements. All certificates or instruments representing or evidencing the Pledged Collateral shall be promptly delivered to Secured Party and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Secured Party. Concurrently with the execution of this Pledge Agreement, Pledgor shall execute and deliver to Secured Party the UCC-1 financing statement prOvided by Secured Party.
Delivery of Pledged Collateral; Financing Statements. (a) All certificates or instruments representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of the Collateral Agent pursuant hereto and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to the Collateral Agent. Each of the Pledgors shall promptly deliver to the Collateral Agent, certificates or other instruments representing or evidencing the Pledged Collateral acquired or received after the date of this Pledge Agreement (including without limitation, the share certificates (if any) of any Subsidiary which becomes a Vessel Owner after the Closing Date) with a stock or bond power or such other instrument of transfer or assignment in blank duly executed by the relevant Pledgor. If at any time the Collateral Agent notifies a Pledgor that, in its reasonable determination, it requires additional stock powers or such other instruments of transfer endorsed in blank, such Pledgor shall promptly execute in blank and deliver the requested stock power or transfer instrument to the Collateral Agent.
Delivery of Pledged Collateral; Financing Statements. Pledgor shall promptly deliver to Secured Party all certificates or instruments representing or evidencing the Pledged Collateral which certificates or negotiable instruments shall be in suitable form for transfer by delivery and shall be accompanied by duly executed instruments of stock transfer power or assignment in blank, all in form and substance satisfactory to Secured Party. Concurrently with the execution of this Agreement, the Pledgor irrevocably and unconditionally authorizes the Secured Party to file at any time, and from time to time, such financing statements with respect to the Pledged Collateral naming the Secured Party or its designee as the secured party and the Pledgor as the debtor and including any other information as may be required by the UCC and/or as Secured Party may determine, together with amendments and continuations with respect thereto. Secured Party shall have the right, but not the obligation, to pay any taxes or levies on or relating to the Pledged Collateral and any costs to preserve the Pledged Collateral, which payments shall automatically be deemed part of the Repayment Amount under the Note. No injury to, or loss or destruction of any of, the Pledged Collateral shall relieve Pledgor of any of the Obligations.
