Common use of Uncertificated Securities and Certain Other Investment Property Clause in Contracts

Uncertificated Securities and Certain Other Investment Property. Debtor will permit Secured Party from time to time to cause the appropriate issuers (and, if held with a securities intermediary, such securities intermediary) of uncertificated securities or other types of Investment Property not represented by certificates which are Collateral to mxxx their books and records with the numbers and face amounts of all such uncertificated securities or other types of Investment Property not represented by certificates and all rollovers and replacements therefor to reflect the Lien of Secured Party granted pursuant to this Security Agreement. Debtor will take any actions necessary to cause (a) the issuers of uncertificated securities which are Collateral and which are Securities and (b) any financial intermediary which is the holder of any Investment Property, to cause Secured Party to have and retain Control over such Securities or other Investment Property. Without limiting the foregoing, Debtor will, with respect to Investment Property held with a financial intermediary, cause such financial intermediary to enter into a control agreement with Secured Party in form and substance satisfactory to Secured Party.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Innovative Food Holdings Inc), Pledge and Security Agreement (Innovative Food Holdings Inc), Pledge and Security Agreement (Innovative Food Holdings Inc)

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Uncertificated Securities and Certain Other Investment Property. Debtor will permit Secured Party from time to time to cause the appropriate issuers (and, if held with a securities intermediary, such securities intermediary) of uncertificated securities or other types of Investment Property not represented by certificates which are Collateral to mxxx mark their books and records with the numbers and face amounts of all such uncertificated securities or other types of Investment Property not represented by certificates and all rollovers and replacements therefor to reflect the Lien of Secured Party granted pursuant to this Security Agreement. Debtor will take any actions necessary to cause (a) the issuers of uncertificated securities which are Collateral and which are Securities and (b) any financial intermediary which is the holder of any Investment Property, to cause Secured Party to have and retain Control over such Securities or other Investment Property. Without limiting the foregoing, Debtor will, with respect to Investment Property held with a financial intermediary, cause such financial intermediary to enter into a control agreement with Secured Party in form and substance satisfactory to Secured Party.

Appears in 1 contract

Samples: Pledge and Security Agreement (Innovative Food Holdings Inc)

Uncertificated Securities and Certain Other Investment Property. Debtor will permit Secured Party Collateral Agent from time to time to cause the appropriate issuers (and, if held with a securities intermediary, such securities intermediary) of uncertificated securities or other types of Investment Property investment property not represented by certificates which are Collateral to mxxx xxxx their books and records with the numbers and face amounts of all such uncertificated securities or other types of Investment Property investment property not represented by certificates and all rollovers and replacements therefor to reflect the Lien lien of Secured Party Collateral Agent granted pursuant to this Security Agreement. Debtor will take any actions necessary to cause (ai) the issuers of uncertificated securities which are Collateral and which are Securities securities and (bii) any financial intermediary which is the holder of any Investment investment Property, to cause Secured Party Collateral Agent to have and retain Control control over such Securities securities or other Investment Propertyinvestment property. Without limiting the foregoing, Debtor will, with respect to Investment Property investment property held with a financial intermediary, cause such financial intermediary to enter into a control agreement with Secured Party Collateral Agent in form and substance satisfactory to Secured PartyCollateral Agent.

Appears in 1 contract

Samples: Security Agreement (Northstar Healthcare Inc)

Uncertificated Securities and Certain Other Investment Property. Debtor will permit Secured Party from time to time to cause the appropriate issuers (and, if held with a securities intermediary, such securities intermediary) of uncertificated securities or other types of Investment Property not represented by certificates which are Collateral to mxxx xxxx their books and records with the numbers and face amounts of all such uncertificated securities or other types of Investment Property not represented by certificates and all rollovers and replacements therefor to reflect the Lien of Secured Party granted pursuant to this Security Agreement. Debtor will take any actions necessary to cause (a) the issuers of uncertificated securities which are Collateral and which are Securities and (b) any financial intermediary which is the holder of any Investment Property, to cause Secured Party to have and retain Control over such Securities or other Investment Property. Without limiting the foregoing, Debtor will, with respect to Investment Property held with a financial intermediary, cause such financial intermediary to enter into a control agreement with Secured Party in form and substance satisfactory to Secured Party.

Appears in 1 contract

Samples: Pledge and Security Agreement (PreCheck Health Services, Inc.)

Uncertificated Securities and Certain Other Investment Property. Each Debtor will permit Secured Party from time to time to cause the appropriate issuers (and, if held with a securities intermediary, such securities intermediary) of uncertificated securities or other types of Investment Property not represented by certificates which are Collateral to mxxx xxxx their books and records with the numbers and face amounts of all such uncertificated securities or other types of Investment Property not represented by certificates and all rollovers and replacements therefor to reflect the Lien of Secured Party granted pursuant to this Security Agreement. Each Debtor will take any actions necessary make commercially reasonable to cause (ai) the issuers of uncertificated securities which are Collateral and which are Securities and (bii) any financial intermediary which is the holder of any Investment Property, to cause Secured Party to have and retain Control over such Securities or other Investment Property. Without limiting the foregoing, each Debtor will, with respect to Investment Property held with a financial intermediary, take commercially reasonable efforts to cause such financial intermediary to enter into a control agreement with the Secured Party in form and substance satisfactory to Secured Party.

Appears in 1 contract

Samples: Pledge and Security Agreement (Home Solutions of America Inc)

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Uncertificated Securities and Certain Other Investment Property. Debtor Grantor will permit Secured Party from time to time to cause the appropriate issuers (and, if held with a securities intermediary, such securities intermediary) of uncertificated securities or other types of Investment Property investment property not represented by certificates which are Collateral to mxxx xxxx their books and records with the numbers and face amounts of all such uncertificated securities or other types of Investment Property investment property not represented by certificates and all rollovers and replacements therefor to reflect the Lien of Secured Party granted pursuant to this Security Agreement. Debtor Grantor will take any actions necessary to cause (a) the issuers of uncertificated securities which are Collateral and which are Securities and (b) any financial intermediary which is the holder of any Investment Propertyinvestment property, to cause Secured Party to have and retain Control over such Securities or other Investment Propertyinvestment property. Without limiting the foregoing, Debtor Grantor will, with respect to Investment Property investment property which is Collateral and held with a financial intermediary, cause such financial intermediary to enter into a control agreement with Secured Party in form and substance satisfactory to Secured Party.

Appears in 1 contract

Samples: Pledge Agreement

Uncertificated Securities and Certain Other Investment Property. Each Debtor will permit Secured Party from time to time to cause the appropriate issuers (and, if held with a securities intermediary, such securities intermediary) of uncertificated securities or other types of Investment Property not represented by certificates which are Collateral to mxxx xxxx their books and records with the numbers and face amounts of all such uncertificated securities or other types of Investment Property not represented by certificates and all rollovers and replacements therefor to reflect the Lien of Secured Party granted pursuant to this Security Agreement. Each Debtor will take any actions necessary make commercially reasonable efforts to cause (ai) the issuers of uncertificated securities which are Collateral and which are Securities and (bii) any financial intermediary which is the holder of any Investment Property, to cause Secured Party to have and retain Control over such Securities or other Investment Property. Without limiting the foregoing, each Debtor will, with respect to Investment Property held with a financial intermediary, take commercially reasonable efforts to cause such financial intermediary to enter into a control agreement with the Secured Party in form and substance satisfactory to Secured Party.

Appears in 1 contract

Samples: Pledge and Security Agreement (Home Solutions of America Inc)

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