Transfer of Record Ownership. (a) If an Actionable Event of Default shall have occurred and be continuing, the Collateral Agent may (and to the extent that action by it is required, the relevant Lien Grantor, if directed to do so by the Collateral Agent, will as promptly as practicable) cause each of the Pledged Securities (or any portion thereof specified in such direction) to be transferred of record into the name of the Collateral Agent or its nominee.
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Samples: Guarantee and Security Agreement (Xerox Corp), Guarantee and Security Agreement (Xerox Corp), Canadian Guarantee and Security Agreement (Xerox Corp)
Transfer of Record Ownership. (a) If At any time when an Actionable Event of Default shall have occurred and be continuing, the Collateral Agent may (and to the extent that action by it is required, the relevant Lien Grantor, if directed to do so by the Collateral Agent, will as promptly as practicable) cause each of the Pledged Securities (or any portion thereof specified in such direction) to be transferred of record into the name of the Collateral Agent or its nominee.):
Appears in 2 contracts
Samples: Security Agreement (Cummins Inc), Security Agreement (Cummins Inc)
Transfer of Record Ownership. (a) If a)At any time when an Actionable Event of Default shall have occurred and be continuing, the Collateral Agent may (and to the extent that action by it is required, the relevant Lien Grantor, if directed to do so by the Collateral Agent, will as promptly as practicable) cause each of the Pledged Securities (or any portion thereof specified in such direction) to be transferred of record into the name of the Collateral Agent or its nominee.):
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