Common use of Delivery of Pledged Collateral Clause in Contracts

Delivery of Pledged Collateral. All certificates or instruments representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Secured Party pursuant hereto and shall be in suitable form for transfer by delivery or, as applicable, shall be accompanied by Pledgor's endorsement, where necessary, or duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Secured Party. Upon the occurrence and during the continuation of an Event of Default (as defined in the Credit Agreement), Secured Party shall have the right to transfer to or to register in the name of Secured Party or any of its nominees any or all of the Pledged Collateral, subject only to the revocable rights specified in Section 7(a); provided that, except in the case of a bankruptcy default or an acceleration of the Loan, no such transfer or registration shall be made without notice to Pledgor. In addition, Secured Party shall have the right at any time to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations.

Appears in 3 contracts

Samples: Subsidiary Pledge Agreement (Express Scripts Inc), Subsidiary Pledge Agreement (Express Scripts Inc), Company Pledge Agreement (Express Scripts Inc)

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Delivery of Pledged Collateral. All certificates or instruments representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Secured Party pursuant hereto and shall be in suitable form for transfer by delivery or, as applicable, shall be accompanied by the appropriate Pledgor's endorsement, where necessary, or duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Secured Party. Upon the occurrence and during the continuation of an Event of Default (as defined in the Credit Agreement), Secured Party shall have the right right, without notice to any Pledgor, to transfer to or to register in the name of Secured Party or any of its nominees any or all of the Pledged Collateral, subject only to the revocable rights specified in Section 7(a); provided that, except in the case of a bankruptcy default or an acceleration of the Loan, no such transfer or registration shall be made without notice to Pledgor. In addition, Secured Party shall have the right at any time to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations.

Appears in 2 contracts

Samples: Shareholder Pledge Agreement (Global Telesystems Group Inc), Shareholder Pledge Agreement (Flag Telecom Holdings LTD)

Delivery of Pledged Collateral. All certificates or ------------------------------ instruments representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Secured Party pursuant hereto and shall be in suitable form for transfer by delivery or, as applicable, shall be accompanied by Pledgor's endorsement, where necessary, or duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Secured Party. Upon the occurrence and during the continuation of an Event of Default (as defined in the Credit Agreement), Secured Party shall have the right right, without notice to Pledgor, to transfer to or to register in the name of Secured Party or any of its nominees any or all of the Pledged Collateral, subject only to the revocable rights specified in Section 7(a); provided that, except in the case of a bankruptcy default or an acceleration of the Loan, no such transfer or registration shall be made without notice to Pledgor. In addition, Secured Party shall have the right at any time to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations.

Appears in 2 contracts

Samples: Subsidiary Pledge Agreement (Sandhills Inc), Subsidiary Pledge Agreement (Pantry Inc)

Delivery of Pledged Collateral. All certificates or instruments representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Secured Party pursuant hereto and shall be in suitable form for transfer by delivery or, as applicable, shall be accompanied by Pledgor's endorsement, where necessary, or duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Secured Party. Upon the occurrence and during the continuation of an Event of Default (as defined in the Credit Agreement), Secured Party shall have the right right, without notice to Pledgor, to transfer to or to register in the name of Secured Party or any of its nominees any or all of the Pledged Collateral, subject only to the revocable rights specified in Section 7(a); provided PROVIDED that, except in the case of a bankruptcy default or an acceleration of the Loan, no such transfer or registration shall be made without notice to Pledgor. In addition, Secured Party shall have the right at any time to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations.

Appears in 2 contracts

Samples: Credit Agreement (Express Scripts Inc), Subsidiary Pledge Agreement (Express Scripts Inc)

Delivery of Pledged Collateral. All certificates or instruments representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Secured Party pursuant hereto and shall be in suitable form for transfer by delivery or, as applicable, shall be accompanied by Pledgor's endorsement, where necessary, or duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Secured Party. Upon the occurrence and during the continuation continuance of an Event of Default (as defined in the Credit Agreement), Secured Party shall have the right right, without notice to Pledgor, to transfer to or to register in the name of Secured Party or any of its nominees any or all of the Pledged Collateral, subject only to the revocable rights specified in Section 7(a); provided PROVIDED that, except in the case of a bankruptcy default or an acceleration of the LoanLoans, no such transfer or registration shall be made without notice to Pledgor. In addition, Secured Party shall have the right at any time to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations.

Appears in 2 contracts

Samples: Credit Agreement (Express Scripts Inc), Company Pledge Agreement (Express Scripts Inc)

Delivery of Pledged Collateral. All certificates or instruments representing or evidencing the Pledged Collateral shall be have been, and for additional Pledged Collateral will be, delivered to and held by or on behalf of Secured Party pursuant hereto or such other bailee as directed by Secured Party, and shall be in suitable form for transfer by delivery or, as applicable, shall be accompanied by Pledgor's ’s endorsement, where necessary, or duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Secured Party. Upon the occurrence and during the continuation of an Event of Default (as defined in the Credit Agreement)Default, Secured Party shall have the right right, without notice to Pledgor, to transfer to or to register in the name of Secured Party or any of its nominees any or all of the Pledged Collateral, subject only to the revocable rights specified in Section 7(a); provided that, except in the case of a bankruptcy default or an acceleration of the Loan, no such transfer or registration shall be made without notice to Pledgor. In addition, Secured Party shall have the right at any time to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations.

Appears in 1 contract

Samples: Pledge Agreement (Anchor Bancorp Wisconsin Inc)

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Delivery of Pledged Collateral. All certificates or instruments representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Secured Party pursuant hereto and shall be in suitable form for transfer by delivery or, as applicable, shall be accompanied by Pledgor's endorsement, where necessary, or duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Secured Party. Upon the occurrence and during the continuation continuance of an Event of Default (as defined in the Credit Agreement), Secured Party shall have the right to transfer to or to register in the name of Secured Party or any of its nominees any or all of the Pledged Collateral, subject only to the revocable rights specified in Section 7(a); provided that, except in the case of a bankruptcy default or an acceleration of the LoanLoans, no such transfer or registration shall be made without notice to Pledgor. In addition, Secured Party shall have the right at any time to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations.

Appears in 1 contract

Samples: Company Pledge Agreement (Express Scripts Inc)

Delivery of Pledged Collateral. All certificates or ------------------------------ instruments representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Secured Party pursuant hereto and shall be in suitable form for transfer by delivery or, as applicable, shall be accompanied by Pledgor's endorsement, where necessary, or duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Secured Party. Upon the occurrence and during the continuation continuance of an Event of Default (as defined in the Credit Agreement), Secured Party shall have the right right, without notice to Pledgor, to transfer to or to register in the name of Secured Party or any of its nominees any or all of the Pledged Collateral, subject only to the revocable rights specified in Section 7(a); provided that, except in the case of a bankruptcy default or an acceleration of the Loan, no such transfer or registration shall be made without notice to Pledgor. In addition, Secured Party shall have the right at any time to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations.

Appears in 1 contract

Samples: Company Pledge Agreement (Sandhills Inc)

Delivery of Pledged Collateral. All certificates or instruments representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of the Secured Party pursuant hereto and shall be in suitable form for transfer by delivery or, as applicable, shall be accompanied by each Pledgor's ’s endorsement, where necessary, or duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to the Secured Party. Upon the occurrence and during the continuation of an Event of Default (as defined in the Credit AgreementSection 11), the Secured Party shall have the right right, without notice to the Pledgors, to transfer to or to register in the name of the Secured Party or any of its nominees any or all of the Pledged Collateral, subject only to the revocable rights specified in Section 7(a); provided that, except in the case of a bankruptcy default or an acceleration of the Loan, no such transfer or registration shall be made without notice to Pledgor. In addition, upon the occurrence and during the continuation of an Event of Default, the Secured Party shall have the right at any time to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations.

Appears in 1 contract

Samples: Pledge Agreement (Apogent Technologies Inc)

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