Common use of Delivery of the Collateral; Intercompany Obligations Clause in Contracts

Delivery of the Collateral; Intercompany Obligations. (a) Upon delivery to the Security Agent, (i) the Pledged Securities shall be accompanied by stock powers duly executed in blank or other instruments of transfer satisfactory to the Security Agent and by such other instruments and documents as the Security Agent may reasonably request and (ii) all other property comprising part of the Collateral shall be accompanied by proper instruments of assignment duly executed by the applicable Pledgor and such other instruments or documents as the Security Agent may reasonably request. Each delivery of Pledged Securities shall be accompanied by a schedule describing the securities theretofore and then being pledged hereunder, which schedule shall be attached hereto as Schedule I and made a part hereof. Each schedule so delivered shall supersede any prior schedules so delivered. (b) Each of the Pledgors agrees to promptly deliver or cause to be delivered to the Security Agent any and all Pledged Securities, and any and all certificates or other instruments or documents representing the Collateral. (c) Each Pledgor will cause any obligations in respect of borrowed money or similar advances owed to such Pledgor by the Borrower or any Subsidiary to be evidenced by a duly executed promissory note which is pledged and delivered to the Security Agent pursuant to the terms hereof. Any such promissory notes may be in the form of a demand note for any and all moneys advanced.

Delivery of the Collateral; Intercompany Obligations. (a) Upon delivery to the Security Agent, Representative (i) the Pledged Securities shall be accompanied by stock powers duly executed in blank or other instruments of transfer satisfactory to the Security Agent Representative and by such other instruments and documents as the Security Agent Representative may reasonably request and (ii) all other property comprising part of the Collateral shall be accompanied by proper instruments of assignment duly executed by the applicable Pledgor and such other instruments or documents as the Security Agent Representative may reasonably request. Each delivery of Pledged Securities shall be accompanied by a schedule describing the securities theretofore and then being pledged hereunder, which schedule shall be attached hereto as Schedule I and made a part hereof. Each schedule so delivered shall supersede any prior schedules so delivered. (b) Each of the Pledgors agrees to promptly deliver or cause to be delivered to the Security Agent Representative any and all Pledged Securities, and any and all certificates or other instruments or documents representing the Collateral. (c) Each Pledgor will cause any obligations in respect of borrowed money or similar advances owed to such Pledgor by the Borrower or any Subsidiary to be evidenced by a duly executed promissory note which that is pledged and delivered to the Security Agent Representative pursuant to the terms hereof. Any such promissory notes may be in the form of a demand note for any and all moneys advanced.

Delivery of the Collateral; Intercompany Obligations. (a) Each Pledgor shall deliver original certificates and other instruments evidencing all Pledged Securities of such Pledgor listed on Schedule 2 hereto to the Collateral Agent contemporaneously with its execution hereof, duly endorsed in a manner satisfactory to the Collateral Agent. Upon delivery to the Security Collateral Agent, (i) the Pledged Securities shall be accompanied by stock powers duly executed in blank or other instruments of transfer satisfactory to the Security Collateral Agent and by such other instruments and documents as the Security Collateral Agent may reasonably request and (ii) all other property comprising part of the Collateral shall be accompanied by proper instruments of assignment duly executed by the each applicable Pledgor and such other instruments or documents as the Security Collateral Agent may reasonably request. Each delivery of Pledged Securities shall be accompanied by a schedule describing the securities theretofore and then being pledged hereunder, which schedule shall be attached hereto as Schedule I 2 and made a part hereof. Each schedule so delivered as to any Pledgor shall supersede any prior schedules so delivereddelivered as to such Pledgor. (b) Each of the Pledgors Pledgor agrees to promptly deliver or cause to be delivered to the Security Collateral Agent from time to time after the execution hereof any and all other Pledged SecuritiesSecurities held by such Pledgor, and any and all other certificates or other instruments or documents representing the Collateral. (c) Each Pledgor will cause any obligations in respect of borrowed money or similar advances owed to such Pledgor by the Borrower or from any Subsidiary to be evidenced by a duly executed promissory note Intercompany Note which is pledged and delivered to the Security Collateral Agent pursuant to the terms hereof. Any such promissory notes may Nothing herein shall be in construed as implying that any loan, advance or other investment by any Pledgor is permitted under the form of a demand note for any and all moneys advancedCredit Agreement or the Note Agreements.

Delivery of the Collateral; Intercompany Obligations. (a) Upon delivery to the Security Agent, (i) the Pledged Securities shall be accompanied by stock powers duly executed in blank or other instruments of transfer satisfactory to the Security Agent and by such other instruments and documents as the Security Agent may reasonably request and (ii) all other property comprising part of the Collateral shall be accompanied by proper instruments of assignment duly executed by the applicable Pledgor and such other instruments or documents as the Security Agent may reasonably request. Each delivery of Pledged Securities shall be accompanied by a schedule describing the securities theretofore and then being pledged hereunder, which schedule shall be attached hereto as Schedule I and made a part hereof. Each schedule so delivered deliv- ered shall supersede any prior schedules so delivered. (b) Each of the Pledgors agrees to promptly deliver or cause to be delivered to the Security Agent any and all Pledged Securities, and any and all certificates or other instruments or documents representing the Collateral. (c) Each Pledgor will cause any obligations in respect of borrowed money or similar advances owed to such Pledgor by the Borrower or any Subsidiary to be evidenced by a duly executed promissory note which is pledged and delivered to the Security Agent pursuant to the terms hereof. Any such promissory notes may be in the form of a demand note for any and all moneys advanced.