Delivery of Pledged Property. REGISTRATION OF PLEDGE, TRANSFER, ETC. All certificates or instruments representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of the Pledgee pursuant hereto, shall be in suitable form for transfer by delivery, and shall be accompanied by all necessary instruments of transfer or assignment, duly executed in blank. The Pledgee shall have the right, at any time and without notice to the Pledgor, to transfer to, or to register in the name of the Pledgee or any of its nominees, any or all of the Pledged Collateral, subject only to the revocable rights of the Pledgor specified in SECTION 5 hereof.
Appears in 8 contracts
Samples: Pledge Agreement (Safety Insurance Group Inc), Pledge Agreement (Safety Insurance Group Inc), Pledge Agreement (Safety Insurance Group Inc)
