CERTIFICATES OR INSTRUMENTS Clause Samples
The "Certificates or Instruments" clause defines the requirements and procedures for issuing, delivering, or transferring official documents or financial instruments related to the agreement. Typically, this clause outlines the types of certificates or instruments involved—such as stock certificates, promissory notes, or other evidences of ownership or debt—and specifies how and when they must be provided to the relevant parties. Its core practical function is to ensure that all parties receive the necessary documentation to evidence their rights or obligations, thereby reducing the risk of disputes over ownership or entitlement.
CERTIFICATES OR INSTRUMENTS. Any certificates or instruments representing or evidencing Collateral shall be delivered to and held by or on behalf of the Collateral Agent for the benefit of the Secured Parties pursuant hereto and to the Collateral Agency Agreement and be in suitable form for transfer by delivery or accompanied by duly executed instruments of transfer or assignment in blank, all in form reasonably satisfactory to the Collateral Agent and in form and substance reasonably satisfactory to the Bank. Upon the occurrence and during the continuance of any Event of Default, the Collateral Agent will have the right at any time in its sole discretion and without notice to Pledgor to transfer to or to register in the name of the Collateral Agent or its nominees any or all of the Collateral, subject only to the revocable rights specified in Section 7(a) and compliance with ACC Regulations. In addition, on the occurrence and during the continuance of any Event of Default, the Collateral Agent will have the right to exchange certificates or instruments representing or evidencing Collateral for certificates or instruments of smaller or larger denominations.
CERTIFICATES OR INSTRUMENTS. Seller shall have delivered to Purchaser such other certificates or instruments as Purchaser may reasonably request in a form and substance reasonably satisfactory to Purchaser.