Common use of Pledged Stock; Stock Powers; Acknowledgment and Consent; Pledged Notes Clause in Contracts

Pledged Stock; Stock Powers; Acknowledgment and Consent; Pledged Notes. The Administrative Agent shall have received (i) the certificates, if any, representing all of the shares of Capital Stock pledged pursuant to the Guarantee and Collateral Agreement and the Canadian Guarantee and Collateral Agreement, together with an undated stock power and irrevocable proxy for each such certificate executed in blank by a duly authorized officer of the pledgor thereof, (ii) an Acknowledgment and Consent, substantially in the form of Annex II to the Guarantee and Collateral Agreement, duly executed by any issuer of Capital Stock pledged pursuant to the Guarantee and Collateral Agreement or the Canadian Guarantee and Collateral Agreement that is not itself a party to the Guarantee and Collateral Agreement or the Canadian Guarantee and Collateral Agreement, as applicable, and (iii) each promissory note pledged pursuant to the Guarantee and Collateral Agreement or the Canadian Guarantee and Collateral Agreement endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank satisfactory to the Administrative Agent) by the pledgor thereof.

Appears in 2 contracts

Samples: Credit Agreement (Waste Services, Inc.), Credit Agreement (Capital Environmental Resource Inc)

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Pledged Stock; Stock Powers; Acknowledgment and Consent; Pledged Notes. The Administrative Agent shall have received (i) the certificates, if any, representing all of the shares of Capital Stock pledged pursuant to the Guarantee and US Collateral Agreement and the Canadian Guarantee and Collateral Agreement, together with an undated stock power and irrevocable proxy for each such certificate executed in blank by a duly authorized officer of the pledgor thereof, (ii) an Acknowledgment and Consent, substantially in the form of Annex II to the Guarantee and US Collateral Agreement, duly executed by any issuer of Capital Stock pledged pursuant to the Guarantee and US Collateral Agreement or the Canadian Guarantee and Collateral Agreement that is not itself a party to the Guarantee and US Collateral Agreement or the Canadian Guarantee and Collateral Agreement, as applicable, and (iii) each promissory note pledged pursuant to the Guarantee and US Collateral Agreement or the Canadian Guarantee and Collateral Agreement endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank satisfactory to the Administrative Agent) by the pledgor thereof.

Appears in 2 contracts

Samples: Credit Agreement (Waste Services, Inc.), Intellectual Property Security Agreement (Waste Services, Inc.)

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Pledged Stock; Stock Powers; Acknowledgment and Consent; Pledged Notes. The Administrative Agent shall have received (i) the certificates, if any, representing all of the shares of Capital Stock pledged pursuant to the Guarantee and Collateral Agreement and the Canadian Guarantee and Collateral Agreement, together with an undated stock power and irrevocable proxy for each such certificate executed in blank by a duly authorized officer of the pledgor thereof, (ii) an Acknowledgment and Consent, substantially in the form of Annex II to the Guarantee and Collateral Agreement, duly executed by any issuer of Capital Stock pledged pursuant to the Guarantee and Collateral Agreement or the Canadian Guarantee and Collateral Agreement that is not itself a party to the Guarantee and Collateral Agreement or the Canadian Guarantee and Collateral Agreement, as applicable, Agreement and (iii) each promissory note pledged pursuant to the Guarantee and Collateral Agreement or the Canadian Guarantee and Collateral Agreement endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank satisfactory to the Administrative Agent) by the pledgor thereof.

Appears in 1 contract

Samples: Credit Agreement (Capital Environmental Resource Inc)

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