Common use of Delivery of Security Collateral Clause in Contracts

Delivery of Security Collateral. All certificates constituting or evidencing the Collateral shall 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 undated and duly executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to the Secured Party. If an Event of Default exists, the Secured Party has the right, without notice to the Debtor, to transfer to or to register in the name of the Secured Party or any of its nominees any or all of such Collateral. In addition, the Secured Party has the right at any time, with the consent of the Debtor prior to an Event of Default, to exchange certificates or instruments representing or evidencing Collateral for certificates or instruments of smaller or larger denominations.

Delivery of Security Collateral. All certificates constituting or instruments representing or evidencing the Collateral shall 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 undated and duly executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to the Secured Party. If After the occurrence of an Event of Default existsDefault, the Secured Party has shall have the right, at any time in its discretion and without notice to the Debtor, to transfer to or to register in the name of the Secured Party or any of its nominees any or all of such the Collateral. In addition, after the occurrence of any Event of Default, Secured Party has shall have the right at any time, with the consent of the Debtor prior to an Event of Default, time to exchange certificates or instruments representing or evidencing Collateral for certificates or instruments of smaller or larger denominations.

Delivery of Security Collateral. All certificates constituting or instruments representing or evidencing the Collateral shall 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 undated and duly executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to the Secured Party. If an Event After the occurrence of a Default existsor potential default, the Secured Party has shall have the right, at any time in its discretion and without notice to the Debtor, to transfer to or to register in the name of the Secured Party or any of its nominees any or all of such the Collateral. In addition, after the occurrence of any Default, Secured Party has shall have the right at any time, with the consent of the Debtor prior to an Event of Default, time to exchange certificates or instruments representing or evidencing Collateral for certificates or instruments of smaller or larger denominations.

Delivery of Security Collateral. All certificates constituting or instruments representing or evidencing the Collateral shall 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 undated and duly executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to the Secured Party. If After the occurrence of an Event of Default existsDefault, the Secured Party has shall have the right, at any time in its discretion and without notice to the Debtor, to transfer to or to register in the name of the Secured Party or any of its nominees any or all of such the Collateral. In addition, after the occurrence of any Default, Secured Party has shall have the right at any time, with the consent of the Debtor prior to an Event of Default, time to exchange certificates or instruments representing or evidencing Collateral for certificates or instruments of smaller or larger denominations.