Record Owner of Collateral. Secured Party shall have the right, in its sole and absolute discretion, to hold any stock certificates, notes, instruments or securities now or hereafter included in the Collateral in its own name or the name of its nominee. In addition, the parties agree that the Pledged Shares, when issued in the name of the Secured Party and delivered to Escrow Agent, shall be deemed issued and held in the name of Secured Party as of the date of issuance in the name of Secured Party. The Pledgor will promptly give to the Secured Party copies of any notices or other communications received by and with respect to Collateral registered in the name of the Pledgor.
Appears in 7 contracts
Samples: Pledge and Escrow Agreement (Revolutions Medical CORP), Pledge and Escrow Agreement (Aqualiv Technologies, Inc.), Pledge and Escrow Agreement (Aqualiv Technologies, Inc.)
