Common use of Registration in Nominee Name Clause in Contracts

Registration in Nominee Name. Denominations. Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion), after the occurrence and during the continuance of an Event of Default to hold any Equity Interests which are included in the Collateral in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the relevant Obligor, endorsed or assigned in blank or in favor of Agent. Each Obligor will promptly give to Agent copies of any material notices or other communications received by them with respect to such Collateral registered in the name of the relevant Obligor. Agent shall have the right after the occurrence and during the continuance of an Event of Default to exchange the certificates registered in its name representing such pledged Equity Interests for certificates of smaller or larger denominations for any purpose consistent with this Agreement.

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 applicable Pledgor, after endorsed or assigned in blank or in favor of the occurrence and during the continuance of Collateral Agent or, if an Event of Default to hold any Equity Interests which are included in the Collateral shall have occurred and be continuing, in its own name as pledgee, pledgee or the name of its nominee (as pledgee or as sub-agent) or the name of the relevant Obligor, endorsed or assigned in blank or in favor of Agent). Each Obligor Pledgor will promptly give to the Collateral Agent copies of any material notices or other communications received by them it with respect to such Collateral Pledged Securities registered in the name of such Pledgor. If an Event of Default shall have occurred and be continuing, the relevant Obligor. Collateral Agent shall have the right after the occurrence and during the continuance of an Event of Default to exchange the certificates registered in its name representing such pledged Equity Interests Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement.