Common use of Possession of the Collateral Clause in Contracts

Possession of the Collateral. The Corporation shall hold in its -------------------------------- possession in the State of California all the Pledged Stock and all other certificates, documents or instruments constituting Pledged Stock Collateral pledged, assigned to transferred hereunder except as form time to time any such certificate, document or instrument may be required for recordation or for the purchase of enforcing or realizing upon any right or value thereby represented; provided, however, that Borrower in his capacity as xx xxxxcer of the Corporation or otherwise, shall have no ability to assign, release, transfer or otherwise deal with the Pledged Stock Collateral. The Corporation may, from time to time, in its sole discretion appoint one or more agents or trustees (which in no case shall be Borrower or any of his affiliates) to hold physical custody, for the account of the Corporation, of any or all such certificates, documents or instruments.

Possession of the Collateral. The Corporation shall hold in its -------------------------------- possession in the State of California all the Pledged Stock and all other certificates, documents or instruments constituting Pledged Stock Collateral pledged, assigned to transferred hereunder except as form time to time any such certificate, document or instrument may be required for recordation or for the purchase of enforcing or realizing upon any right or value thereby represented; provided, however, that Borrower in his capacity as xx xxxxcer an officer of the Corporation or otherwise, shall have no ability to assign, release, transfer or otherwise deal with the Pledged Stock Collateral. The Corporation may, from time to time, in its sole discretion appoint one or more agents or trustees (which in no case shall be Borrower or any of his affiliates) to hold physical custody, for the account of the Corporation, of any or all such certificates, documents or instruments.

Possession of the Collateral. The Corporation shall hold in its -------------------------------- ----------------------------- possession in the State of California all the Pledged Stock and all other certificates, documents or instruments constituting Pledged Stock Collateral pledged, assigned to or transferred hereunder except as form from time to time any such certificate, document or instrument may be required for recordation re-cordation or for the purchase purpose of enforcing or realizing upon any right or value thereby represented; provided, however, that Borrower Xxxxxxxx, in his capacity as xx xxxxcer an officer of the Corporation or otherwise, shall have no ability to assign, release, transfer or otherwise deal with the Pledged Stock Collateral. The Corporation may, from time to time, in its sole discretion appoint one or more agents or trustees (which in no case shall be Borrower or any of his affiliates) to hold physical custody, for the account of the Corporation, of any or all such certificates, documents or instrumentsin-struments.

Possession of the Collateral. The Corporation shall hold in its -------------------------------- possession in the State of California all the Pledged Stock and all other certificates, documents or instruments constituting Pledged Stock Collateral pledged, assigned to or transferred hereunder except as form from time to time any such certificate, document or instrument may be required for recordation or for the purchase purpose of enforcing or realizing upon any right or value thereby represented; provided, however, that Borrower Borrower, in his capacity as xx xxxxcer an officer of the Corporation or otherwise, shall have no ability to assign, release, transfer or otherwise deal with the Pledged Stock Collateral. The Corporation may, from time to time, in its sole discretion appoint one or more agents or trustees (which in no case shall be Borrower or any of his affiliates) to hold physical custody, for the account of the Corporation, of any or all such certificates, documents or instruments.