Common use of Delivery of Pledged Securities Clause in Contracts

Delivery of Pledged Securities. The certificates representing the Pledged Securities duly endorsed by the appropriate person in blank for transfer or accompanied by powers of attorney satisfactory to the Agent will forthwith be delivered to and remain in the custody of the Agent or its nominee. All Pledged Securities may, at the option of the Agent, be registered in the name of the Agent or its nominee. If the Agent so requests, the certificates representing the Pledged Securities will also be guaranteed by a Canadian chartered bank.

Delivery of Pledged Securities. The certificates representing the Pledged Securities duly endorsed by the appropriate person in blank for transfer or accompanied by powers of attorney satisfactory to the Agent Bank will forthwith be delivered to and remain in the custody of the Agent Bank or its nominee. All Pledged Securities may, at the option of the AgentBank, be registered in the name of the Agent Bank or its nominee. If the Agent Bank so requests, the certificates representing the Pledged Securities will also be guaranteed by a Canadian chartered bank.