Common use of Stock Powers, etc Clause in Contracts

Stock Powers, etc. The Pledgor agrees that (a) all Pledged ----------------- Shares delivered by the Pledgor pursuant to this Pledge Agreement will be accompanied by duly executed, undated blank stock powers, or other equivalent instruments of transfer acceptable to the Lender and (b) in the event that any capital stock constituting Collateral is pursuant to Section 2.3 delivered to ----------- the Lender, such Pledgor shall duly execute, upon the request of the Lender, undated blank stock powers or other equivalent instruments of transfer acceptable to the Lender. The Pledgor will, from time to time upon the request of the Lender, promptly deliver to the Lender such stock powers, instruments, and similar documents, satisfactory in form and substance to the Lender, with respect to the Collateral as the Lender may reasonably request and will, from time to time upon the request of the Lender after the occurrence and during the continuance of any Event of Default, promptly transfer any Pledged Shares or other shares of capital stock constituting Collateral into the name of the Lender or any nominee designated by the Lender.

Appears in 4 contracts

Samples: Stock Pledge Agreement (MCG Capital Corp), Stock Pledge Agreement (MCG Capital Corp), Stock Pledge Agreement (MCG Capital Corp)

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Stock Powers, etc. The Pledgor agrees that (a) all Pledged ----------------- Shares delivered by the Pledgor pursuant to this Pledge Agreement will be accompanied by duly executed, undated blank stock powers, or other equivalent instruments of transfer acceptable to the Lender and (b) in the event that any capital stock constituting Collateral is deemed pursuant to Section 2.3 to be delivered to ----------- the Lender, such Pledgor shall duly execute, upon the request of the Lender, undated blank stock powers or other equivalent instruments of transfer acceptable to the Lender. The Pledgor will, from time to time upon the request of the Lender, promptly deliver to the Lender such stock powers, instruments, and similar documents, satisfactory in form and substance to the Lender, with respect to the Collateral as the Lender may reasonably request and will, from time to time upon the request of the Lender after the occurrence and during the continuance of any Event of Default, promptly transfer any Pledged Shares or other shares of capital stock constituting Collateral into the name of the Lender or any nominee designated by the Lender.

Appears in 1 contract

Samples: Pledge Agreement (Medis Technologies LTD)

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Stock Powers, etc. The Pledgor agrees that (a) all Pledged ----------------- Shares delivered by the Pledgor pursuant to this Pledge Agreement will be accompanied by duly executed, undated blank stock powers, or other equivalent instruments of transfer acceptable to the Lender and (b) in the event that any capital stock constituting Collateral is deemed pursuant to Section 2.3 to be ----------- delivered to ----------- the Lender, such Pledgor shall duly execute, upon the request of the Lender, undated blank stock powers or other equivalent instruments of transfer acceptable to the Lender. The Pledgor will, from time to time upon the request of the Lender, promptly deliver to the Lender such stock powers, instruments, and similar documents, satisfactory in form and substance to the Lender, with respect to the Collateral as the Lender may reasonably request and will, from time to time upon the request of the Lender after the occurrence and during the continuance of any Event of Default, promptly transfer any Pledged Shares or other shares of capital stock constituting Collateral into the name of the Lender or any nominee designated by the Lender.

Appears in 1 contract

Samples: Pledge Agreement (MCG Capital Corp)

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