Common use of Registration in Nominee Name; Denominations Clause in Contracts

Registration in Nominee Name; Denominations. The Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the Pledgors, endorsed or assigned in blank or in favor of the Collateral Agent; provided that the Collateral Agent shall not exercise such right without the consent of the Borrowers in the event an Event of Default is not continuing. Each Pledgor will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Pledgor. The Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement.

Appears in 7 contracts

Samples: Credit Agreement (Crown Holdings Inc), Bank Pledge Agreement (Crown Holdings Inc), Shared Pledge Agreement (Crown Holdings Inc)

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Registration in Nominee Name; Denominations. The Collateral Agent, on behalf of the Secured Parties, Agent shall have the right (in its sole and absolute discretion) to hold the Pledged Securities Collateral in its own name as pledgee, the name of its nominee (as pledgee Collateral Agent or as sub-agent) or the name of the Pledgorsapplicable Pledgor, endorsed or assigned in blank pursuant to a separate blank stock power or in favor of the Collateral Agent; provided that Agent or (where applicable) registered in the name of the Collateral Agent shall not exercise such right without in the consent relevant stock registry. Each of the Borrowers in the event an Event of Default is not continuing. Each Pledgor Pledgors will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities Collateral registered in the name of such Pledgor. The Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities Collateral for certificates of smaller or larger denominations numbers of shares for any purpose consistent with this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Guilford Mills Inc), Subordinated Note and Warrant Purchase Agreement (Crown Crafts Inc), Credit Agreement (Crown Crafts Inc)

Registration in Nominee Name; Denominations. The Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the Pledgors, endorsed or assigned in blank or in favor of the Collateral Agent; provided that the Collateral Agent shall not exercise such right without the consent of the Borrowers Borrower in the event an Event of Default is not continuing. Each Pledgor will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Pledgor. The Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement.

Appears in 2 contracts

Samples: Pledge Agreement (Constar Inc), Pledge Agreement (Constar International Inc)

Registration in Nominee Name; Denominations. The Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in the name of the Pledgors (or, upon the occurrence and during the continuance of an Event of Default, in its own name as pledgee, pledgee or in the name of its nominee (as pledgee or as sub-agent) or the name of the Pledgors, endorsed or assigned in blank or in favor of the Collateral Agent; provided that the Collateral Agent shall not exercise such right without the consent of the Borrowers in the event an Event of Default is not continuing. Each Pledgor will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Pledgor. The Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement.

Appears in 2 contracts

Samples: Pledge Agreement (McDermott International Inc), Pledge Agreement (McDermott International Inc)

Registration in Nominee Name; Denominations. The Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities (i) in its own name as pledgee, (ii) the name of its nominee (as pledgee or as sub-agent) or (iii) the name of the Pledgorsapplicable Grantor, endorsed or assigned in blank or in favor of the Collateral Agent; provided that the Collateral Agent shall not exercise such right without the consent of the Borrowers that, in the event case of clause (ii), an Event of Default has occurred and is not continuing. Each Pledgor Grantor will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such PledgorGrantor. The Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Shea Homes Limited Partnership), Security Agreement (Vistancia Marketing, LLC)

Registration in Nominee Name; Denominations. The Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the Pledgors, endorsed or assigned in blank or in favor of the Collateral Agent; provided that the Collateral Agent shall not exercise such right without the consent of the Borrowers in the event unless and until an Event of Default has occurred and is not continuing. Each Pledgor will promptly give to If an Event of Default has occurred and is continuing, the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Pledgor. The Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this AgreementAgreement to the extent permitted by the terms of the Pledged Securities.

Appears in 2 contracts

Samples: Pledge Agreement (Consolidated Communications Texas Holdings, Inc.), Pledge Agreement (Consolidated Communications Illinois Holdings, Inc.)

Registration in Nominee Name; Denominations. The Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute reasonable discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the Pledgorsapplicable Pledgor, endorsed or assigned in blank or in favor of the Collateral Agent; provided that Agent except that, in the case of the Pledged Stock, the Collateral Agent shall not exercise such right without will hold the consent Pledged Stock in the name of the Borrowers in the event an Event of Default is not continuingapplicable Pledgor only. Each Pledgor will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Pledgor. The Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement.

Appears in 2 contracts

Samples: Pledge Agreement (Colonial Downs, LLC), Pledge Agreement (Colonial Downs, LLC)

Registration in Nominee Name; Denominations. The After the occurrence and during the continuance of an Event of Default, but subject to Section 27, the Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the Pledgors, endorsed or assigned in blank or in favor of the Collateral Agent; provided that the Collateral Agent shall not exercise such right without the consent of the Borrowers in the event an Event of Default is not continuing. Each Pledgor will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Pledgor. The Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Triton PCS Holdings Inc)

Registration in Nominee Name; Denominations. The Except in the case of ULC Shares, the Collateral Agent, on behalf of the Secured PartiesCreditors, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the Pledgors, endorsed or assigned in blank or in favor of the Collateral Agent; provided that the Collateral Agent shall not exercise such right without the consent of the Borrowers in the event an Event of Default is not continuing. Each Pledgor will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Pledgor. The Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Crown Holdings Inc)

Registration in Nominee Name; Denominations. The Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the Pledgors, endorsed or assigned in blank or in favor of the Collateral Agent; , provided that the Collateral Agent shall not exercise such right without the consent of the Borrowers CCSC in the event an Event of Default is not continuing. Each Pledgor will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Pledgor. The Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Crown Cork & Seal Co Inc)

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Registration in Nominee Name; Denominations. The Collateral Agent, on behalf of the Secured Parties, shall have the right following an Event of Default which is continuing (in its sole and absolute discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the Pledgors, endorsed or assigned 218 4 in blank or in favor of the Collateral Agent; provided that the Collateral Agent shall not exercise such right without the consent of the Borrowers in the event an Event of Default is not continuing. Each Pledgor will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Pledgor. The Collateral Agent shall at all times following an Event of Default which is continuing have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Fairchild Semiconductor International Inc)

Registration in Nominee Name; Denominations. The Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the Pledgors, endorsed or assigned in blank or in favor of the Collateral Agent; provided that the Collateral Agent shall not exercise any such right without the prior written consent of the Borrowers Borrower in the event an Event of Default is not continuing. Each Pledgor will promptly upon receipt give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Pledgor. The Collateral Agent shall at all times have the right to to, upon reasonable prior notice, exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Lifepoint Health, Inc.)

Registration in Nominee Name; Denominations. The Collateral Agent, on behalf of the Secured Parties, Agent shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the Pledgorsapplicable Pledgor, endorsed or assigned in blank or in favor of the Collateral Agent; provided provided, that it is understood that the Collateral Agent shall not exercise such have the right without the consent to cause a reissuance of the Borrowers Pledged Securities in its own name or the event name of its nominee until after the occurrence and during the continuance of an Event of Default is not continuingDefault. Each Pledgor will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Pledgorits name. The Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations (representing in the aggregate the same number of Pledged Securities) for any purpose consistent with this Agreement.

Appears in 1 contract

Samples: Credit Agreement (United Surgical Partners International Inc)

Registration in Nominee Name; Denominations. The Collateral Agent, on behalf of the Secured Parties, Agent shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the Pledgorsapplicable Pledgor, endorsed or assigned in blank or in favor of the Collateral Agent; provided , provided, that it is understood that the Collateral Agent shall not exercise such have the right without the consent to cause a reissuance of the Borrowers Pledged Securities in its own name or the event name of its nominee until after the occurrence of an Event of Default is not continuingDefault. Each Pledgor will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Pledgorits name. The Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations (representing in the aggregate the same number of Pledged Securities) for any purpose consistent with this Agreement.

Appears in 1 contract

Samples: Pledge and Security Agreement (Robbins & Myers Inc)

Registration in Nominee Name; Denominations. The Collateral Agent, on behalf of the Secured Parties, Agent shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the Pledgors, endorsed or assigned in blank or in favor of the Collateral Agent; provided that , or upon the Collateral Agent shall not exercise such right without occurrence and during the consent continuance of the Borrowers in the event an Event of Default is not continuingin its own name as pledgee or the name of its nominee (as pledgee or as sub-agent). Each Pledgor will promptly give to the Collateral Agent copies of any material notices or other communications received by it with respect to Pledged Securities registered in the name of such Pledgor. The Upon the occurrence of an Event of Default, the Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Jeffboat LLC)

Registration in Nominee Name; Denominations. The Upon the occurrence and during the continuance of an Event of Default, the Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the Pledgors, endorsed or assigned in blank or in favor of the Collateral Agent; provided that , subject to the Collateral Agent shall not exercise such right without the consent of the Borrowers rights specified in the event an Event of Default is not continuingSection 5(a). Each Pledgor will promptly give to the Collateral Agent copies of any material notices or other communications received by it with respect to Pledged Securities registered in the name of such Pledgor. The Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Monterey Carpets Inc)

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