Common use of Instruments, Securities, Chattel Paper, Documents and Pledged Deposits Clause in Contracts

Instruments, Securities, Chattel Paper, Documents and Pledged Deposits. Each Grantor will deliver to the Administrative Agent immediately upon execution of this Security Agreement the originals of all Securities constituting Equity Interests of any Pledge Subsidiary. Each Grantor, after the occurrence and during the continuance of a Default and promptly following its receipt of the Administrative Agent’s request will (i) deliver to the Administrative Agent the originals of all other Chattel Paper, Securities and Instruments constituting Collateral (if any then exist), (ii) hold in trust for the Administrative Agent upon receipt and immediately thereafter deliver to the Administrative Agent any Chattel Paper, Securities and Instruments constituting Collateral, (iii) deliver to the Administrative Agent (and thereafter hold in trust for the Administrative Agent upon receipt and immediately deliver to the Administrative Agent) any Document evidencing or constituting Collateral and (iv) deliver to the Administrative Agent any Pledged Deposits (as may have been designated in accordance with the definition thereof) which are evidenced by certificates included in the Collateral endorsed in blank, marked with such legends and assigned as the Administrative Agent shall specify. Notwithstanding the foregoing, each Grantor agrees that it shall not deliver or endorse originals of any such Chattel Paper, Securities, Investments and certificates constituting Collateral to any Person other than any other Grantor or (to the extent required by this Section 4.4) the Administrative Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Myr Group Inc.)

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Instruments, Securities, Chattel Paper, Documents and Pledged Deposits. Each Grantor will (i) deliver to the Administrative Agent immediately promptly upon execution of this Security Agreement the originals of all Securities constituting Equity Interests of any Pledge Subsidiary. Each Grantor, after the occurrence and during the continuance of a Default and promptly following its receipt of the Administrative Agent’s request will (i) deliver to the Administrative Agent the originals of all other Chattel Paper, Securities (to the extent certificated) and Instruments constituting Collateral (if any then exist) with a principal amount in excess of $1,000,000 (provided that such Dollar threshold shall not apply to Securities and Instruments constituting Investment Property representing Equity Interests in Subsidiaries), (ii) hold in trust for the Administrative Agent upon receipt and immediately thereafter deliver to the Administrative Agent any Chattel Paper, Securities and Instruments constituting Collateral, (iii) upon the designation of any Pledged Deposits (as set forth in the definition thereof), deliver to the Administrative Agent such Pledged Deposits which are evidenced by certificates included in the Collateral endorsed in blank, marked with such legends and assigned as the Administrative Agent shall specify, and (iv) upon the Administrative Agent’s request, after the occurrence and during the continuance of an Event of Default, deliver to the Administrative Agent (and thereafter hold in trust for the Administrative Agent upon receipt and immediately deliver to the Administrative Agent) any Document evidencing or constituting Collateral and (iv) deliver to the Administrative Agent any Pledged Deposits (as may have been designated in accordance with the definition thereof) which are evidenced by certificates included in the Collateral endorsed in blank, marked with such legends and assigned as the Administrative Agent shall specify. Notwithstanding the foregoing, each Grantor agrees that it shall not deliver or endorse originals of any such Chattel Paper, Securities, Investments and certificates constituting Collateral to any Person other than any other Grantor or (to the extent required by this Section 4.4) the Administrative AgentCollateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Priceline Com Inc)

Instruments, Securities, Chattel Paper, Documents and Pledged Deposits. Each Grantor will (i) deliver to the Administrative Agent immediately upon execution of this Security Agreement the originals of all Chattel Paper (with a value, individually, of $500,000 or more), Securities constituting Equity Interests of any Pledge Subsidiary. Each Grantor, after the occurrence and during the continuance of a Default and promptly following its receipt of the Administrative Agent’s request will (i) deliver to the Administrative Agent the originals of all other Chattel Paper, Securities extent certificated) and Instruments constituting Collateral (if any then exist, with a value, individually, of $500,000 or more), in each case constituting Collateral, (ii) hold in trust for the Administrative Agent upon receipt and immediately thereafter deliver to the Administrative Agent any such Chattel Paper, Securities and Instruments constituting Collateral, (iii) upon the designation of any Pledged Deposits (as set forth in the definition thereof) with a value, individually, of $500,000 or more, deliver to the Administrative Agent such Pledged Deposits which are evidenced by certificates included in the Collateral endorsed in blank, marked with such legends and assigned as the Administrative Agent shall specify, (iv) upon the Administrative Agent’s request, after the occurrence and during the continuance of a Default, deliver to the Administrative Agent (and thereafter hold in trust for the Administrative Agent upon receipt and immediately deliver to the Administrative Agent) any Document evidencing or constituting Collateral Collateral, and (ivv) upon the Administrative Agent’s request, deliver to the Administrative Agent any Pledged Deposits (as may have been designated in accordance with the definition thereof) which are evidenced by certificates included a duly executed amendment to this Agreement, in the Collateral endorsed in blankform of Exhibit I hereto (the “Amendment”), marked with pursuant to which such legends and assigned as Grantor will pledge such additional Collateral. Such Grantor hereby authorizes the Administrative Agent shall specify. Notwithstanding the foregoing, to attach each Grantor Amendment to this Agreement and agrees that all additional Collateral owned by it set forth in such Amendments shall not deliver or endorse originals be considered to be part of any such Chattel Paper, Securities, Investments and certificates constituting Collateral to any Person other than any other Grantor or (to the extent required by this Section 4.4) the Administrative AgentCollateral.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Stonemor Partners Lp)

Instruments, Securities, Chattel Paper, Documents and Pledged Deposits. Each Grantor will (i) upon the Administrative Agent’s request, deliver to the Administrative Agent immediately upon execution of this Security Agreement the originals of all Securities constituting Equity Interests of any Pledge Subsidiary. Each Grantor, after the occurrence and during the continuance of a Default and promptly following its receipt of the Administrative Agent’s request will (i) deliver to the Administrative Agent the originals of all other Chattel Paper, Securities (to the extent certificated) and Instruments constituting Collateral (if any then exist), (ii) hold in trust for the Administrative Agent upon receipt and immediately promptly thereafter deliver to the Administrative Agent any Chattel Paper, Securities and Instruments constituting Collateral, (iii) upon the designation of any Pledged Deposits (as set forth in the definition thereof), deliver to the Administrative Agent (and thereafter hold in trust for the Administrative Agent upon receipt and immediately deliver to the Administrative Agent) any Document evidencing or constituting Collateral and (iv) deliver to the Administrative Agent any such Pledged Deposits (as may have been designated in accordance with the definition thereof) which are evidenced by certificates included in the Collateral endorsed in blank, marked with such legends and assigned as the Administrative Agent shall specify. Notwithstanding the foregoing, each Grantor agrees that it shall not deliver or endorse originals of any such Chattel Paper, Securities, Investments and certificates constituting Collateral to any Person other than any other Grantor or (to the extent required by this Section 4.4iv) upon the Administrative Agent’s request, after the occurrence and during the continuance of a Default, deliver to the Administrative Agent (and thereafter hold in trust for the Administrative Agent upon receipt and promptly deliver to the Administrative Agent) any Document evidencing or constituting Collateral, and (v) upon the Administrative Agent’s request, deliver to the Administrative Agent a duly executed amendment to this Security Agreement, in the form of Exhibit “I” hereto (the “Amendment”), pursuant to which such Grantor will pledge such additional Collateral. Such Grantor hereby authorizes the Administrative Agent to attach each Amendment to this Security Agreement and agrees that all additional Collateral owned by it set forth in such Amendments shall be considered to be part of the Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Vistaprint N.V.)

Instruments, Securities, Chattel Paper, Documents and Pledged Deposits. Each Grantor will (i) upon the Administrative Agent’s request, deliver to the Administrative Agent immediately upon execution of this Security Agreement the originals of all Securities constituting Equity Interests of any Pledge Subsidiary. Each Grantor, after the occurrence and during the continuance of a Default and promptly following its receipt of the Administrative Agent’s request will (i) deliver to the Administrative Agent the originals of all other Chattel Paper, Securities (to the extent certificated) and Instruments constituting Collateral (if any then exist), (ii) hold in trust for the Administrative Agent upon receipt and immediately promptly thereafter deliver to the Administrative Agent any Chattel Paper, Securities and Instruments constituting Collateral, (iii) upon the designation of any Pledged Deposits (as set forth in the definition thereof), deliver to the Administrative Agent (and thereafter hold in trust for the Administrative Agent upon receipt and immediately deliver to the Administrative Agent) any Document evidencing or constituting Collateral and (iv) deliver to the Administrative Agent any such Pledged Deposits (as may have been designated in accordance with the definition thereof) which are evidenced by certificates included in the Collateral endorsed in blank, marked with such legends and assigned as the Administrative Agent shall specify. Notwithstanding the foregoing, each Grantor agrees that it shall not deliver or endorse originals of any such Chattel Paper, Securities, Investments and certificates constituting Collateral to any Person other than any other Grantor or (to the extent required by this Section 4.4iv) upon the Administrative Agent’s request, after the occurrence and during the continuance of a Default, deliver to the Administrative Agent (and thereafter hold in trust for the Administrative Agent upon receipt and promptly deliver to the Administrative Agent) any Document evidencing or constituting Collateral, and (v) upon the Administrative Agent's request, deliver to the Administrative Agent a duly executed amendment to this Security Agreement, in the form of Exhibit “I” hereto (the “Amendment”), pursuant to which such Grantor will pledge such additional Collateral. Such Grantor hereby authorizes the Administrative Agent to attach each Amendment to this Security Agreement and agrees that all additional Collateral owned by it set forth in such Amendments shall be considered to be part of the Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Cimpress N.V.)

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Instruments, Securities, Chattel Paper, Documents and Pledged Deposits. Each Grantor will (i) except to the extent otherwise expressly provided in the Credit Agreement, deliver to the Administrative Agent immediately upon execution of this Security Agreement the originals of all Chattel Paper and Instruments in excess of $500,000 and all Securities constituting Equity Interests of any Pledge Subsidiary. Each Grantor, after the occurrence and during the continuance of a Default and promptly following its receipt of the Administrative Agent’s request will (i) deliver to the Administrative Agent the originals of all other Chattel Paper, Securities and Instruments extent certificated) constituting Collateral (if any then exist), (ii) hold in trust for the Administrative Agent upon receipt and immediately promptly thereafter deliver to the Administrative Agent any Chattel Paper, Securities and Instruments constituting Collateral, (iii) upon the designation of any Pledged Deposits (as set forth in the definition thereof), deliver to the Administrative Agent (and thereafter hold in trust for the Administrative Agent upon receipt and immediately deliver to the Administrative Agent) any Document evidencing or constituting Collateral and (iv) deliver to the Administrative Agent any such Pledged Deposits (as may have been designated in accordance with the definition thereof) which are evidenced by certificates included in the Collateral endorsed in blank, marked with such legends and assigned as the Administrative Agent shall specify. Notwithstanding the foregoing, each Grantor agrees that it shall not deliver or endorse originals of any such Chattel Paper, Securities, Investments and certificates constituting Collateral to any Person other than any other Grantor or (to the extent required by this Section 4.4iv) upon the Administrative Agent’s request after the occurrence and during the continuance of an Event of Default, deliver to the Administrative Agent (and thereafter hold in trust for the Administrative Agent upon receipt and promptly deliver to the Administrative Agent) any Document evidencing or constituting Collateral, and (v) upon the Administrative Agent’s request, deliver to the Administrative Agent a duly executed amendment to this Security Agreement, in the form of Exhibit “I” hereto (the “Amendment”), pursuant to which such Grantor will pledge such additional Collateral. Such Grantor hereby authorizes the Administrative Agent to attach each Amendment to this Security Agreement and agrees that all additional Collateral owned by it set forth in such Amendments shall be considered to be part of the Collateral. 4.5.

Appears in 1 contract

Samples: Pledge and Security Agreement

Instruments, Securities, Chattel Paper, Documents and Pledged Deposits. Each Grantor will (i) deliver to the Administrative Agent immediately upon execution of this Security Agreement the originals of all Securities constituting Equity Interests of any Pledge Subsidiary. Each Grantor, after the occurrence and during the continuance of a Default and promptly following its receipt of the Administrative Agent’s request will (i) deliver to the Administrative Agent the originals of all other Chattel Paper, Securities Paper and Instruments (excluding checks) constituting Collateral (if any then exist), (ii) deliver to the Administrative Agent as promptly as possible, but in any event within sixty (60) days (or by such later date as the Administrative Agent may agree in the exercise of its reasonable discretion) originals of all Securities constituting Collateral, (iii) hold in trust for the Administrative Agent upon receipt and immediately thereafter deliver to the Administrative Agent any Chattel Paper, Securities and Instruments (excluding checks) constituting Collateral, (iiiiv) upon the designation of any Pledged Deposits (as set forth in the definition thereof), deliver to the Administrative Agent such Pledged Deposits which are evidenced by certificates included in the Collateral endorsed in blank, marked with such legends and assigned as the Administrative Agent shall specify, and (v) upon the Administrative Agent’s request, after the occurrence and during the continuance of a Default, deliver to the Administrative Agent (and thereafter hold in trust for the Administrative Agent upon receipt and immediately deliver to the Administrative Agent) any Document evidencing or constituting Collateral Collateral. Notwithstanding the foregoing, so long as no Default shall have occurred and (iv) be continuing, Grantors shall not be required to deliver to the Administrative Agent (i) any Pledged Deposits Chattel Paper having a term of less than ninety (as may have been designated in accordance with the definition thereof90) which are evidenced by certificates included in the Collateral endorsed in blank, marked with such legends and assigned as the Administrative Agent shall specify. Notwithstanding the foregoing, each Grantor agrees that it shall not deliver or endorse originals of any such Chattel Paper, Securities, Investments and certificates constituting Collateral to any Person other than any other Grantor days or (to the extent required by this Section 4.4ii) the Administrative Agentany Instrument having a face amount of less than $100,000.

Appears in 1 contract

Samples: Security Agreement (Abx Air Inc)

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