Common use of Delivery of Pledged Securities Clause in Contracts

Delivery of Pledged Securities. (a) Simultaneously with the execution of this Agreement, each Pledgor shall deliver to the Escrow Agent, and the Escrow Agent shall hold in escrow pursuant to the terms of this Agreement, stock certificates, membership interest certificates or other certificated securities made out in favor of such Pledgor representing the Pledged Securities together with stock powers or membership interest powers duly executed in blank and with medallion bank guarantees or other instruments and documents as the Pledgee may reasonably request the (“Transfer Documents”).

Appears in 4 contracts

Samples: Pledge and Escrow Agreement (Carbonics Capital Corp), Pledge and Escrow Agreement (Carbonics Capital Corp), Pledge and Escrow Agreement (Carbonics Capital Corp)

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Delivery of Pledged Securities. (a) Simultaneously with the execution of this Agreement, each Pledgor shall deliver to the Escrow Agent, and the Escrow Agent shall hold in escrow pursuant to the terms of this Agreement, stock certificates, membership interest certificates or other certificated securities made out in favor of such Pledgor representing the Pledged Securities together with three (3) stock powers or membership interest powers duly executed in blank and with medallion bank guarantees or and any other instruments and documents as the Pledgee may reasonably request the (“Transfer Documents”).

Appears in 1 contract

Samples: Global Pledge Agreement (Mobilepro Corp)

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