Common use of Delivery of Pledged Collateral Clause in Contracts

Delivery of Pledged Collateral. All certificates representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Agent pursuant hereto and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed undated instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to Agent. Agent shall have the right, at any time in its discretion and without notice to Company if an Event of Default has occurred and is continuing to transfer to or to register in the name of Agent or any of its nominees any or all of the Pledged Collateral. In addition, in connection with the exercise of its remedies pursuant to Section 12 below following the occurrence and during the continuance of an Event of Default, Agent shall have the right to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations.

Delivery of Pledged Collateral. All certificates certificates, if any, representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Agent pursuant hereto and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed undated instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to Agent. Agent shall have the right, at any time in its discretion and without notice to Company if an Event of Default has occurred and is continuing to transfer to or to register in the name of Agent or any of its nominees any or all of the Pledged Collateral. In addition, in connection with the exercise of its remedies pursuant to Section 12 below following the occurrence and during the continuance of an Event of Default, Agent shall have the right to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations.

Delivery of Pledged Collateral. 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 undated instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to the Collateral Agent. The Collateral Agent shall have the right, at any time in its discretion and without notice to Company if an Event of Default has occurred and is continuing any Pledgor, to transfer to or to register in its name or in the name of Agent or any of its nominees any or all of the Pledged Collateral. In addition, in connection with the exercise of its remedies pursuant to Section 12 below following the occurrence and during the continuance of an Event of Default, Collateral Agent shall have the right at any time to exchange certificates or instruments representing or evidencing any of the Pledged Collateral for certificates or instruments of smaller or larger denominations.