Common use of Stock Powers, etc Clause in Contracts

Stock Powers, etc. The Pledgor agrees that all Certificated Interests constituting Collateral 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 Administrative Agent, as are necessary under all applicable laws to perfect the Lien in favor of the Secured Parties on such Collateral. The Pledgor will, from time to time upon the request of the Administrative Agent, promptly deliver to the Administrative Agent such stock powers, instruments, and similar documents, satisfactory in form and substance to the Administrative Agent, with respect to the Collateral as the Administrative Agent may reasonably request and will, from time to time upon the request of the Administrative Agent after the occurrence, and during the continuance, of any Event of Default, promptly transfer any Pledged Interests or other shares of Capital Stock or other ownership interests constituting Collateral into the name of any nominee designated by the Administrative Agent.

Stock Powers, etc. The Each Pledgor agrees that all Certificated Interests constituting Collateral delivered by the such 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 Administrative Agent, as are is necessary under all applicable laws to perfect the Lien in favor of the Secured Parties on such Collateral. The Each Pledgor will, from time to time upon the request of the Administrative Agent, promptly deliver to the Administrative Agent such stock powers, instruments, and similar documents, satisfactory in form and substance to the Administrative Agent, with respect to the Collateral as the Administrative Agent may reasonably request and will, from time to time upon the request of the Administrative Agent after the occurrence, and during the continuance, of any Event of Default, promptly transfer any Pledged Interests or other shares of Capital Stock or other ownership interests constituting Collateral into the name of any nominee designated by the Administrative Agent.

Stock Powers, etc. The Pledgor agrees that all Certificated Interests Pledged Shares (and all other Capital Securities constituting Collateral Collateral) delivered by the Pledgor pursuant to this Pledge Agreement will be accompanied by duly executed executed, undated blank stock powers, powers or other equivalent instruments of transfer reasonably acceptable to the Administrative Agent, as are necessary under all applicable laws to perfect the Lien in favor of the Secured Parties on such Collateral. The Pledgor will, from time to time upon the reasonable request of the Administrative Agent, promptly deliver to the Administrative Agent Agent, such stock powers, instruments, instruments and similar documents, reasonably satisfactory in form and substance to the Administrative Agent, with respect to the Collateral as the Administrative Agent may reasonably request and will, from time to time upon the request of the Administrative Agent after the occurrence, and during the continuance, occurrence of any Event of Default, promptly cause, without further order of or application to the Bankruptcy Court, the Pledged Share Issuer to transfer any Pledged Interests Shares or other shares of Capital Stock or other ownership interests Securities constituting Collateral into the name of any nominee designated by the Administrative Agent.