Common use of Delivery of Security Collateral and Account Collateral Clause in Contracts

Delivery of Security Collateral and Account Collateral. All certificates or instruments representing or evidencing any Security Collateral or Account Collateral shall be delivered to and held by or on behalf of the 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 Agent. If any Event of Default shall have occurred and be continuing, the Agent shall have the right to transfer to or to register in the name of the Agent or any of its nominees any or all of the Security Collateral and Account Collateral, subject only to the revocable rights specified in Section 10(a). In addition, the Agent shall have the right at any time to exchange certificates or instruments representing or evidencing the Security Collateral or Account Collateral for certificates or instruments of smaller or larger denominations.

Delivery of Security Collateral and Account Collateral. All certificates or instruments representing or evidencing any Security Collateral or Account Collateral shall be delivered to and held by or on behalf of the Agent Trustee pursuant hereto and shall be in suitable form for transfer by delivery, delivery or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to the AgentTrustee. If any Event of Default shall have occurred and be continuing, the Agent The Trustee shall have the right right, at any time and without notice to the Company, to transfer to or to register in the name of the Agent Trustee or any of its nominees any or all of the Security Collateral and Account Collateral, subject only to the revocable rights specified in Section 10(a)13(a) hereof. In addition, the Agent Trustee shall have the right at any time to exchange certificates or instruments representing or evidencing the Security Collateral or Account Collateral for certificates or instruments of smaller or larger denominations.