Common use of Delivery of Pledged Shares Clause in Contracts

Delivery of Pledged Shares. All certificates, instruments or documents, if any, representing or evidencing the Pledged Shares will be delivered to and held by or on behalf of Lender pursuant hereto and will be in suitable form for transfer by delivery, will be accompanied by duly executed instruments of transfer or assignment in blank, irrevocable proxies, all in form and substance satisfactory to Lender. In the event any or all of the Pledged Shares are evidenced by a book entry, Parent will execute and deliver or cause to be executed and delivered to Lender such control agreements, documents, and agreements as are required by Lender to create and perfect a security interest in such uncertificated Pledged Shares, including an Acknowledgement of Issuer in the form of Exhibit 3. In addition, Lender will have the right at any time to exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations.

Appears in 2 contracts

Samples: Securities Pledge Agreement (American BioCare, Inc.), Securities Pledge Agreement (American BioCare, Inc.)

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Delivery of Pledged Shares. All certificates, instruments or documents, if any, representing or evidencing the Pledged Shares will shall be delivered to and held by or on behalf of Lender the Pledgee pursuant hereto and will shall be in suitable form for transfer by delivery, will shall be accompanied by duly executed instruments of transfer or assignment in blank, irrevocable proxies, all in form and substance satisfactory to Lenderthe Pledgee. In the event any or all of the Pledged Shares are evidenced by a book entry, Parent will Pledgor shall execute and deliver or cause to be executed and delivered to Lender Pledgee such control agreements, documents, and agreements as are required by Lender Pledgee to create and perfect a security interest in such uncertificated Pledged Shares, including an Acknowledgement of Issuer in the form of Exhibit 3. In addition, Lender will the Pledgee shall have the right at any time to exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations.

Appears in 2 contracts

Samples: Securities Pledge Agreement (Colonial Commercial Corp), Securities Pledge Agreement (Tarpon Industries, Inc.)

Delivery of Pledged Shares. All certificates, instruments or documents, if any, representing or evidencing the Pledged Shares will be delivered to and held by or on behalf of Lender Allezoe pursuant hereto and will be in suitable form for transfer by delivery, will be accompanied by duly executed instruments of transfer or assignment in blank, irrevocable proxies, all in form and substance satisfactory to LenderAllezoe. In the event any or all of the Pledged Shares are evidenced by a book entry, Parent will execute and deliver or cause to be executed and delivered to Lender Allezoe such control agreements, documents, and agreements as are required by Lender Allezoe to create and perfect a security interest in such uncertificated Pledged Shares, including an Acknowledgement of Issuer in the form of Exhibit 3. In addition, Lender Allezoe will have the right at any time to exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations.

Appears in 1 contract

Samples: Securities Pledge Agreement (Allezoe Medical Holdings Inc)

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Delivery of Pledged Shares. All certificates, instruments or documents, if any, representing or evidencing the Pledged Shares will be delivered to and held by or on behalf of Lender Allezoe pursuant hereto and will be in suitable form for transfer by delivery, will be accompanied by duly executed instruments of transfer or assignment in blank, irrevocable proxies, all in form and substance satisfactory to LenderAllezoe. In the event any or all of the Pledged Shares are evidenced by a book entry, Parent will execute and deliver or cause to be executed and delivered to Lender Allezoe such control agreements, documents, and agreements as are required by Lender Allezoe to create and perfect a security interest in such uncertificated Pledged Shares, including an Acknowledgement of Issuer in the form of Exhibit 3. In addition, Lender Allezoe will have the right at any time to exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations. 4.

Appears in 1 contract

Samples: Securities Pledge Agreement (Allezoe Medical Holdings Inc)

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