Possession of Pledged Collateral. Except as otherwise expressly permitted herein, all of the Pledged Collateral (to the extent it is certificated form) shall be held by the Lender, in its capacity as a first lienholder on the Pledged Collateral, accompanied by proper instruments of assignment duly executed in blank by the Borrower and by such other instruments or documents as the Lender or its counsel may reasonably request sufficient to transfer the title thereto to the Lender or its nominee.
Appears in 4 contracts
Samples: Securities Purchase Agreement (Royal Energy Resources, Inc.), Securities Purchase Agreement (Royal Energy Resources, Inc.), Securities Purchase Agreement (Rhino Resource Partners LP)
