Possession and Control of Collateral. The Obligor shall, on request by the Credit Union from time to time, deliver to the Credit Union possession of all chattel paper, instruments and negotiable documents of title. The Obligor shall also take whatever steps the Credit Union requires from time to time to enable the Credit Union to obtain control of any investment property forming part of the Collateral, including (a) arranging for any securities intermediary, futures intermediary or issuer of uncertificated securities to enter into an agreement satisfactory to the Credit Union to enable the Credit Union to obtain control, (b) delivering any certificated security to the Credit Union with any necessary endorsement and (c) having any security registered in the name of the Credit Union or its nominee. If requested by the Credit Union, the Obligor shall also cause each Issuer to maintain a notation concerning this Agreement satisfactory to the Credit Union in its securities register and provide the Credit Union with a certificate of the Issuer attaching a copy of the notation.
Appears in 4 contracts
Samples: Security Agreement, Security Agreement, Security Agreement
