Common use of Record Ownership of Pledged Securities Clause in Contracts

Record Ownership of Pledged Securities. Debtor will promptly give to Secured Party copies of any notices or other communications received by Debtor with respect to Pledged Securities registered in the name of Debtor. Upon the occurrence of an Event of Default, Secured Party may cause any or all of the Pledged Securities to be transferred of record into the name of Secured Party (or a designee of Secured Party).

Appears in 7 contracts

Samples: Security Agreement (Broadway & Seymour Inc), Security Agreement (Broadway & Seymour Inc), Security Agreement (PCD Inc)

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Record Ownership of Pledged Securities. Upon the occurrence of an Event of Default, Secured Party may cause any or all of the Pledged Securities to be transferred of record into Secured Party's name. Debtor will promptly give to Secured Party copies of any notices or other communications received by Debtor with respect to Pledged Securities registered in the name of Debtor. Upon the occurrence of an Event of Default, Debtor and Secured Party may cause will promptly give to Debtor copies of any or all of the notices and communications received by Secured Party with respect to Pledged Securities to be transferred of record into registered in the name of Secured Party (or a designee of Secured Party).

Appears in 2 contracts

Samples: Security Agreement (Markland Technologies Inc), Security Agreement (Markland Technologies Inc)

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