Common use of Delivery and Control Clause in Contracts

Delivery and Control. Grantor agrees that with respect to any Collateral Investment Related Property in which it currently has rights it shall comply with the provisions of this Section 4.4.1(b) on or before the Completion Date and with respect to any Collateral Investment Related Property hereafter acquired by Grantor it shall comply with the provisions of this Section 4.4.1(b) promptly (in any event no later than 15 days thereafter) upon acquiring rights therein, in each case in form and substance satisfactory to the Security Agent. With respect to any Collateral Investment Related Property that is represented by a certificate or that is an “instrument” (other than any Collateral Investment Related Property credited to a Securities Account) it shall cause such certificate or instrument to be delivered to the Security Agent, indorsed in blank by an “effective indorsement” (as defined in Section 8-107 of the UCC), regardless of whether such certificate constitutes a “certificated security” for purposes of the UCC. With respect to any Collateral Investment Related Property that is an “uncertificated security” for purposes of the UCC (other than any “uncertificated securities” credited to a Securities Account), it shall cause the issuer of such uncertificated security to either (i) register the Security Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable to the Security Agent, pursuant to which such issuer agrees to comply with the Security Agent’s instructions with respect to such uncertificated security without further consent by Grantor.

Appears in 1 contract

Samples: Notes Pledge and Security Agreement (Altice USA, Inc.)

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Delivery and Control. (i) Each Grantor agrees that with respect to any Collateral Investment Related Property in which it currently has rights it shall comply with the provisions of this Section 4.4.1(b) on or before the Completion Closing Date and with respect to any Collateral Investment Related Property hereafter acquired by such Grantor it shall comply with the provisions of this Section 4.4.1(b) promptly (in any event no later than 15 days thereafter) immediately upon acquiring rights therein, in each case in form and substance satisfactory to the Security Collateral Agent. With respect to any Collateral Investment Related Property that is represented by a certificate or that is an “instrument” (other than any Collateral Investment Related Property credited to a Securities Account) it shall cause such certificate or instrument to be delivered to the Security Collateral Agent, indorsed in blank by an “effective indorsement” (as defined in Section 8-107 of the UCC), regardless of whether such certificate constitutes a “certificated security” for purposes of the UCC. With respect to any Collateral Investment Related Property that is an “uncertificated WEIL:\96958198\8\71605.0155 security” for purposes of the UCC (other than any “uncertificated securities” credited to a Securities Account), it shall cause the issuer of such uncertificated security to either (i) register the Security Collateral Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an uncertificated securities control agreement substantially in the form of Exhibit B hereto or such other form as shall be and substance reasonably acceptable satisfactory to the Security Collateral Agent, pursuant to which such issuer agrees to comply with the Security Collateral Agent’s instructions with respect to such uncertificated security without further consent by such Grantor.

Appears in 1 contract

Samples: Pledge and Security Agreement (REVA Medical, Inc.)

Delivery and Control. Each Grantor agrees that with respect to any Collateral Investment Related Property in which it currently has rights it shall comply with the provisions of this Section 4.4.1(b) on or before the Completion Closing Date and with respect to any Collateral Investment Related Property hereafter acquired by such Grantor it shall comply with the provisions of this Section 4.4.1(b) promptly (in any event no later than 15 days thereafter) upon acquiring rights therein, in each case in form and substance satisfactory to the Security Agent. With respect to any Collateral Investment Related Property that is represented by a certificate or that is an “instrument” (other than any Collateral Investment Related Property credited to a Securities Account) it shall cause such certificate or instrument to be delivered to the Security Agent, indorsed in blank by an “effective indorsement” (as defined in Section 8-107 of the UCC), regardless of whether such certificate constitutes a “certificated security” for purposes of the UCC. With respect to any Collateral Investment Related Property that is an “uncertificated security” for purposes of the UCC (other than any “uncertificated securities” credited to a Securities Account), it shall cause the issuer of such uncertificated security to either (i) register the Security Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable to the Security Agent, pursuant to which such issuer agrees to comply with the Security Agent’s instructions with respect to such uncertificated security without further consent by such Grantor.

Appears in 1 contract

Samples: Loans Pledge and Security Agreement (Altice USA, Inc.)

Delivery and Control. Grantor agrees that with respect to any Collateral Investment Related Property in which it currently has rights it shall comply with the provisions of this Section 4.4.1(b) on or before the Completion Date date hereof and with respect to any Collateral Investment Related Property hereafter acquired by Grantor it shall comply with the provisions of this Section 4.4.1(b) promptly (in any event no later than 15 days thereafter) upon acquiring rights therein, in each case in form and substance satisfactory to the Security Agent. With respect to any Collateral Investment Related Property that is represented by a certificate or that is an “instrument” (other than any Collateral Investment Related Property credited to a Securities Account) it shall cause such certificate or instrument to be delivered to the Security Agent, indorsed in blank by an “effective indorsement” (as defined in Section 8-107 of the UCC), regardless of whether such certificate constitutes a “certificated security” for purposes of the UCC. With respect to any Collateral Investment Related Property that is an “uncertificated security” for purposes of the UCC (other than any “uncertificated securities” credited to a Securities Account), it shall cause the issuer of such uncertificated security to either (i) register the Security Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable to the Security Agent, pursuant to which such issuer agrees to comply with the Security Agent’s instructions with respect to such uncertificated security without further consent by Grantor.

Appears in 1 contract

Samples: Patent Security Agreement (Altice USA, Inc.)

Delivery and Control. (i) Each Grantor agrees that with respect to any Collateral Investment Related Property in which it currently has rights it shall comply with the provisions of this Section 4.4.1(b) on or before the Completion Credit Date and with respect to any Collateral Investment Related Property hereafter acquired by such Grantor it shall comply with the provisions of this Section 4.4.1(b) promptly (in any event no later than 15 days thereafter) upon after acquiring rights thereintherein (or as otherwise would comply with Section 5.10 of the Credit Agreement), in each case in form and substance satisfactory to the Security Collateral Agent. With respect to any Collateral Investment Related Property that is represented by a certificate or that is an “instrument” (other than any Collateral Investment Related Property credited to a Securities Account) it shall cause such certificate or instrument to be delivered to the Security Collateral Agent, indorsed in blank by an “effective indorsement” (as defined in Section 8-107 of the UCC), regardless of whether such certificate constitutes a “certificated security” for purposes of the UCC. With respect to any Collateral Investment Related Property that is an “uncertificated security” for purposes of the UCC (other than any “uncertificated securities” credited to a Securities Account), it shall cause the issuer of such uncertificated security to either (i) register the Security Collateral Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable to the Security Agenthereto, pursuant to which such issuer agrees to comply with the Security Collateral Agent’s instructions with respect to such uncertificated security without further consent by such Grantor.

Appears in 1 contract

Samples: Pledge and Security Agreement (Mortons Restaurant Group Inc)

Delivery and Control. (i) Each Grantor agrees that (A) with respect to any Collateral Investment Related Property in which it currently has rights rights, it shall comply with the provisions of this Section 4.4.1(b) on or before the Completion Closing Date or Credit Date and (B) with respect to any Collateral Investment Related Property hereafter acquired by such Grantor it shall comply with the provisions of this Section 4.4.1(b) promptly (in any event no later than 15 days thereafter) immediately upon acquiring rights therein, in each case in form and substance reasonably satisfactory to the Security Collateral Agent. With respect to any Collateral Investment Related Property that is represented by a certificate or that is an "instrument" (other than any Collateral Investment Related Property credited to a Securities Account) ), it shall cause such certificate or instrument to be delivered to the Security Collateral Agent, indorsed in blank by an "effective indorsement" (as defined in Section 8-107 of the UCC), regardless of whether such certificate constitutes a "certificated security" for purposes of the UCC. With respect to any Collateral Investment Related Property that is an "uncertificated security" for purposes of the UCC (other than any "uncertificated securities" credited to a Securities Account), it shall cause the issuer of such uncertificated security to either (i) register the Security Collateral Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable to the Security Agenthereto, pursuant to which such issuer agrees to comply with the Security Collateral Agent’s 's instructions with respect to such uncertificated security without further consent by such Grantor.

Appears in 1 contract

Samples: Pledge and Security Agreement (Mariner Health Care Inc)

Delivery and Control. (i) Grantor agrees that with respect to any Collateral Investment Related Property in which it currently has rights it shall comply with the provisions of this Section 4.4.1(b) on or before the Completion Closing Date and with respect to any Collateral Investment Related Property hereafter acquired by Grantor it shall comply with the provisions of this Section 4.4.1(b) promptly (in any event no later than 15 days thereafter) upon acquiring rights therein, in each case in form and substance satisfactory to the Security Agent. With respect to any Collateral Investment Related Property that is represented by a certificate or that is an “instrument” (other than any Collateral Investment Related Property credited to a Securities Account) it shall cause such certificate or instrument to be delivered to the Security Agent, indorsed in blank by an “effective indorsement” (as defined in Section 8-107 of the UCC), regardless of whether such certificate constitutes a “certificated security” for purposes of the UCC. With respect to any Collateral Investment Related Property that is an “uncertificated security” for purposes of the UCC (other than any “uncertificated securities” credited to a Securities Account), it shall cause the issuer of such uncertificated security to either (i) register the Security Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable to the Security Agent, pursuant to which such issuer agrees to comply with the Security Agent’s instructions with respect to such uncertificated security without further consent by Grantor.

Appears in 1 contract

Samples: Loans Pledge and Security Agreement (Altice USA, Inc.)

Delivery and Control. (i) Each Grantor agrees that with respect to any Collateral Investment Related Property in which it currently has rights it shall comply with the provisions of this Section 4.4.1(b) on or before the Completion Closing Date and with respect to any Collateral Investment Related Property hereafter acquired by such Grantor it shall comply with the provisions of this Section 4.4.1(b) promptly (in any event no later than 15 days thereafter) upon acquiring rights therein, in each case in form and substance reasonably satisfactory to the Security Collateral Agent. With respect to any Collateral Investment Related Property that is represented by a certificate or that is an "instrument" (other than any Collateral Investment Related Property credited to a Securities Account) it shall cause such certificate or instrument to be delivered to the Security Collateral Agent, indorsed in blank by an "effective indorsement" (as defined in Section 8-107 of the UCC), regardless of whether such certificate constitutes a "certificated security" for purposes of the UCC. With respect to any Collateral Investment Related Property that is an "uncertificated security" for purposes of the UCC (other than any "uncertificated securities" credited to a Securities Account), it shall use commercially reasonable efforts to cause the issuer of such uncertificated security to either (i) register the Security Collateral Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable to the Security AgentUncertificated Securities Control Agreement, pursuant to which such issuer agrees to comply with the Security Collateral Agent’s 's instructions with respect to such uncertificated security without further consent by such Grantor.

Appears in 1 contract

Samples: Pledge and Security Agreement (Autocam Corp/Mi)

Delivery and Control. Each Grantor agrees that with respect to any Collateral Investment Related Property in which it currently has rights it shall comply with the provisions of this Section 4.4.1(b) on or before the Completion Date and with respect to any Collateral Investment Related Property hereafter acquired by such Grantor it shall comply with the provisions of this Section 4.4.1(b) promptly (in any event no later than 15 days thereafter) upon acquiring rights therein, in each case in form and substance satisfactory to the Security Agent. With respect to any Collateral Investment Related Property that is represented by a certificate or that is an “instrument” (other than any Collateral Investment Related Property credited to a Securities Account) it shall cause such certificate or instrument to be delivered to the Security Agent, indorsed in blank by an “effective indorsement” (as defined in Section 8-107 of the UCC), regardless of whether such certificate constitutes a “certificated security” for purposes of the UCC. With respect to any Collateral Investment Related Property that is an “uncertificated security” for purposes of the UCC (other than any “uncertificated securities” credited to a Securities Account), it shall cause the issuer of such uncertificated security to either (i) register the Security Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable to the Security Agent, pursuant to which such issuer agrees to comply with the Security Agent’s instructions with respect to such uncertificated security without further consent by such Grantor.

Appears in 1 contract

Samples: Notes Pledge and Security Agreement (Altice USA, Inc.)

Delivery and Control. (A) Except as otherwise provided in the Financing Agreement, each Grantor agrees that with respect to any Collateral Investment Related Property in which it currently has rights it shall comply with the provisions of this Section 4.4.1(b) on or before the Completion Credit Date and with respect to any Collateral Investment Related Property hereafter acquired by such Grantor it shall comply with the provisions of this Section 4.4.1(b) promptly (in any event no later than 15 days thereafter) immediately upon acquiring rights therein, in each case in form and substance satisfactory to the Security Collateral Agent. With respect to any Collateral Investment Related Property that is represented by a certificate or that is an “instrument” (other than any Collateral Investment Related Property credited to a Securities Account) it shall cause such certificate or instrument to be delivered to the Security Collateral Agent, indorsed in blank by an “effective indorsement” (as defined in Section 8-8 107 of the UCC), regardless of whether such certificate constitutes a “certificated security” for purposes of the UCC. With respect to any Collateral Investment Related Property that is an “uncertificated security” for purposes of the UCC (other than any “uncertificated securities” credited to a Securities Account), it shall cause the issuer of such uncertificated security to either (i) register the Security Collateral Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable to the Security Agenthereto, pursuant to which such issuer agrees to comply with the Security Collateral Agent’s instructions with respect to such uncertificated security without further consent by such Grantor. *** Certain confidential information has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.

Appears in 1 contract

Samples: Financing Agreement (Federal Signal Corp /De/)

Delivery and Control. (i) Each Grantor agrees that with respect to any Collateral Investment Related Property in which it currently has rights it shall comply with the provisions of this Section 4.4.1(bSECTION 4.4.4(b) on or before the Completion Representation Date and with respect to any Collateral Investment Related Property hereafter acquired by such Grantor it shall comply with the provisions of this Section 4.4.1(bSECTION 4.4.4(b) promptly (in any event no later than 15 days thereafter) immediately upon acquiring rights therein, in each case in form and substance satisfactory to the Security Agent. With Each Grantor agrees that with respect to any Collateral Investment Related Property that is represented by a certificate or that is an "instrument" (other than any Collateral Investment Related Property credited to a Securities Account) it shall cause such certificate or instrument to be delivered to the Security Agent, indorsed endorsed in blank by an "effective indorsement” endorsement" (as defined in Section 8-107 of the UCC), regardless of whether such certificate constitutes a "certificated security" for purposes of the UCC. With respect to any Collateral Investment Related Property that is an "uncertificated security" for purposes of the UCC (other than any "uncertificated securities" credited to a Securities Account), it shall cause the issuer of such uncertificated security to either (i) register the Security Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable and substance satisfactory to the Security Agent, pursuant to which such issuer agrees to comply with the Security Agent’s 's instructions with respect to such uncertificated security without further consent by such Grantor.

Appears in 1 contract

Samples: Security and Pledge Agreement (Hawk Corp)

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Delivery and Control. (i) Each Grantor agrees that with respect to any Collateral Investment Related Property in which it currently has rights it shall comply with the provisions of this Section 4.4.1(b) on or before the Completion Closing Date and with respect to any Collateral Investment Related Property hereafter acquired by such Grantor it shall comply with the provisions of this Section 4.4.1(b) promptly (in any event no later than 15 days thereafter) upon acquiring rights therein, in each case in form and substance satisfactory to the Security Collateral Agent. With respect to any Collateral Investment Related Property that is represented by a certificate or that is an “instrument” (other than any Collateral Investment Related Property credited to a Securities Account) it shall cause such certificate or instrument to be delivered to the Security Collateral Agent, indorsed in blank by an “effective indorsement” (as defined in Section 8-107 of the UCC), regardless of whether such certificate constitutes a “certificated security” for purposes of the UCC. With respect to any Collateral Investment Related Property that is an “uncertificated security” for purposes of the UCC (other than any “uncertificated securities” credited to a Securities Account), it shall cause the issuer of such uncertificated security to either (i) register the Security Collateral Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable to the Security Collateral Agent, pursuant to which such issuer agrees to comply with the Security Collateral Agent’s instructions with respect to such uncertificated security without further consent by such Grantor.

Appears in 1 contract

Samples: Pledge and Security Agreement

Delivery and Control. (i) Each Grantor agrees that with respect to any Collateral Investment Related Property in which it currently has rights it shall comply with the provisions of this Section 4.4.1(b) on or before the Completion Closing Date and with respect to any Collateral Investment Related Property hereafter acquired by such Grantor it shall comply with the provisions of this Section 4.4.1(b) promptly (in any event no later than 15 days thereafter) upon acquiring rights therein, in each case in form and substance reasonably satisfactory to the Security Collateral Agent. With Subject to the provisions of the Intercreditor Agreement, with respect to any Collateral Investment Related Property that is represented by a certificate or that is an "instrument" (other than any Collateral Investment Related Property credited to a Securities Account) it shall cause such certificate or instrument to be delivered to the Security Collateral Agent, indorsed in blank by an "effective indorsement" (as defined in Section 8-107 of the UCC), regardless of whether such certificate constitutes a "certificated security" for purposes of the UCC. With Subject to the provisions of the Intercreditor Agreement, with respect to any Collateral Investment Related Property that is an "uncertificated security" for purposes of the UCC (other than any "uncertificated securities" credited to a Securities Account), it shall use commercially reasonable efforts to cause the issuer of such uncertificated security to either (i) register the Security Collateral Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable to the Security AgentUncertificated Securities Control Agreement, pursuant to which such issuer agrees to comply with the Security Collateral Agent’s 's instructions with respect to such uncertificated security without further consent by such Grantor.

Appears in 1 contract

Samples: Pledge and Security Agreement (Autocam Corp/Mi)

Delivery and Control. Each Grantor agrees that with respect to any Collateral Investment Related Property in which it currently has rights it shall comply with the provisions of this Section 4.4.1(b) on or before the Completion Credit Date and with respect to any Collateral Investment Related Property hereafter acquired by such Grantor it shall comply with the provisions of this Section 4.4.1(b) promptly (in any event no later than 15 days thereafter) upon acquiring rights therein, in each case in form and substance reasonably satisfactory to the Security Collateral Agent. With respect to any Collateral Investment Related Property having a value in excess of $100,000 that is represented by a certificate or that is an "instrument" (other than any Collateral Investment Related Property credited to a Securities Account) it shall cause such certificate or instrument to be delivered to the Security Collateral Agent, indorsed in blank by an "effective indorsement" (as defined in Section 8-107 of the UCC), regardless of whether such certificate constitutes a "certificated security" for purposes of the UCC. With respect to any Collateral Investment Related Property having a value in excess of $100,000 that is an "uncertificated security" for purposes of the UCC (other than any "uncertificated securities" credited to a Securities Account), it shall use its commercially reasonable efforts to cause the issuer of such uncertificated security to either (i) register the Security Collateral Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable to the Security Agenthereto, pursuant to which such issuer agrees to comply with the Security Collateral Agent’s 's instructions with respect to such uncertificated security without further consent by such Grantor.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Carmike Cinemas Inc)

Delivery and Control. (i) Each Grantor agrees that (A) with respect to any Collateral Investment Related Property in which it currently has rights rights, it shall comply with the provisions of this Section 4.4.1(b) on or before the Completion Closing Date and or Credit Date, (B) with respect to any Collateral Investment Related Property hereafter acquired by such Grantor it shall comply with the provisions of this Section 4.4.1(b) promptly (in any event no later than 15 days thereafter) immediately upon acquiring rights thereintherein and (C) with respect to Pledged Debt as set forth in Schedule 4.4(A)(5)(B) attached hereto, it shall comply with the provisions of Section 5.17(h) of the Credit Agreement, in each case in form and substance satisfactory to the Security Joint Collateral Agent. With respect to any Collateral Investment Related Property that is represented by a certificate or that is an "instrument" (other than any Collateral Investment Related Property credited to a Securities Account) ), it shall cause such certificate or instrument to be delivered to the Security Joint Collateral Agent, indorsed in blank by an "effective indorsement" (as defined in Section 8-107 of the UCC), regardless of whether such certificate constitutes a "certificated security" for purposes of the UCC. With respect to any Collateral Investment Related Property that is an "uncertificated security" for purposes of the UCC (other than any "uncertificated securities" credited to a Securities Account), it shall cause the issuer of such uncertificated security to either (i) register the Security Joint Collateral Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable to the Security Agenthereto, pursuant to which such issuer agrees to comply with the Security Joint Collateral Agent’s 's instructions with respect to such uncertificated security without further consent by such Grantor.

Appears in 1 contract

Samples: Pledge and Security Agreement (Mariner Health Care Inc)

Delivery and Control. Each Grantor agrees that with respect to any Collateral Investment Related Property in which it currently has rights it shall comply with the provisions of this Section 4.4.1(b) on or before the Completion Date date hereof and with respect to any Collateral Investment Related Property hereafter acquired by such Grantor it shall comply with the provisions of this Section 4.4.1(b) promptly (in any event no later than 15 days thereafter) upon acquiring rights therein, in each case in form and substance satisfactory to the Security Agent. With respect to any Collateral Investment Related Property that is represented by a certificate or that is an “instrument” (other than any Collateral Investment Related Property credited to a Securities Account) it shall cause such certificate or instrument to be delivered to the Security Agent, indorsed in blank by an “effective indorsement” (as defined in Section 8-107 of the UCC), regardless of whether such certificate constitutes a “certificated security” for purposes of the UCC. With respect to any Collateral Investment Related Property that is an “uncertificated security” for purposes of the UCC (other than any “uncertificated securities” credited to a Securities Account), it shall cause the issuer of such uncertificated security to either (i) register the Security Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable to the Security Agent, pursuant to which such issuer agrees to comply with the Security Agent’s instructions with respect to such uncertificated security without further consent by such Grantor.

Appears in 1 contract

Samples: Notes Pledge and Security Agreement (Altice USA, Inc.)

Delivery and Control. Grantor agrees that Each of the Grantors agree that, with respect to any Collateral Investment Related Property constituting Collateral in which it currently has rights rights, it shall comply with the provisions of this Section 4.4.1(b) 4.04 on or before the Completion Closing Date and with respect to any Collateral Investment Related Property constituting Collateral hereafter acquired by the Grantor it shall comply with the provisions of this Section 4.4.1(b4.04 within ten (10) promptly (in any event no later than 15 days thereafter) upon of acquiring rights therein, in each case in form and substance satisfactory to the Security AgentGrantee. With respect to any Collateral Investment Related Property constituting Collateral that is represented by a certificate or that is an “instrument” Instrument (other than any Collateral Investment Related Property credited to a Securities Account) ), upon the reasonable request of Grantee, it shall promptly cause such certificate or instrument to be delivered to the Security AgentGrantee or, indorsed in blank by an “effective indorsement” (as defined in Section 8-107 of the UCC)Effective Endorsement, regardless of whether such certificate constitutes a “certificated security” for purposes of the UCCCertificated Security. With respect to any Collateral Investment Related Property constituting Collateral that is an “uncertificated security” for purposes of the UCC Uncertificated Security (other than any “uncertificated securities” Uncertificated Securities credited to a Securities Account), it shall shall, upon the reasonable request of Grantee, promptly cause the issuer of such uncertificated security Uncertificated Security to either (i) register the Security Agent Grantee as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto or such other form as shall be reasonably acceptable and substance satisfactory to the Security AgentGrantee, pursuant to which such issuer agrees to comply with the Security AgentGrantee’s instructions with respect to such uncertificated security Uncertificated Security without further consent by the Grantor.

Appears in 1 contract

Samples: Senior Security Agreement (Sg Blocks, Inc.)

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