Common use of Record Ownership of Securities Clause in Contracts

Record Ownership of Securities. During the continuation of an Event of Default, Administrative Agent may have any Pledged Equity Interests or other Investment Property that is in the possession of Administrative Agent, or its nominee or nominees, registered in its name, or in the name of its nominee or nominees on behalf of Administrative Agent; and, as to any Pledged Equity Interest or other Investment Related Property so registered, Administrative Agent shall (if applicable) execute and deliver (or cause to be executed and delivered) to the applicable Grantor all such proxies, powers of attorney, dividend coupons or orders, and other documents as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise any voting rights and powers which it is entitled to exercise under this Security Agreement or to receive any dividends and other distributions and payments in respect of such Collateral or proceeds thereof which it is authorized to receive and retain under this Security Agreement.

Record Ownership of Securities. During After the continuation occurrence of an Event of Default, Administrative Agent may have any Pledged Equity Interests or other Investment Property that is in the possession of Administrative Agent, or its nominee or nominees, registered in its name, or in the name of its nominee or nominees on behalf of Administrative Agent; and, as to any Pledged Equity Interest or other Investment Related Property so registered, Administrative Agent shall (if applicable) execute and deliver (or cause to be executed and delivered) to the applicable Grantor all such proxies, powers of attorney, dividend coupons or orders, and other documents as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise any voting rights and powers which it is entitled to exercise under this Security Agreement or to receive any dividends and other distributions and payments in respect of such Collateral or proceeds thereof which it is authorized to receive and retain under this Security Agreement.