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.

Appears in 2 contracts

Samples: Pledge Agreement (Brylane Inc), Amended And (Brylane Inc)

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Delivery of the Collateral; Intercompany Obligations. (a) Upon delivery to the Security Collateral Agent, (i) the Pledged Securities shall be accompanied by stock powers or similar 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 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 and made a part hereof. Each schedule so delivered shall supersede supplement any prior schedules so delivered.

Appears in 1 contract

Samples: Credit Agreement (Winstar Communications Inc)

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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.

Appears in 1 contract

Samples: Pledge Agreement (Brylane Inc)

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