Common use of Delivery of Pledged Securities Clause in Contracts

Delivery of Pledged Securities. (a) Simultaneously with the execution of this Agreement, each Pledgor shall deliver to the Pledgee any stock certificates, membership interest certificates or other certificated securities made out in favor of such Pledgor representing the Pledged Securities together with stock powers or membership interest powers duly executed in blank or other instruments and documents as the Pledgee may reasonably request, including, without limitation, any medallion bank guarantees (“Transfer Documents”).

Delivery of Pledged Securities. (a) Simultaneously with the Upon execution and delivery of this Agreement, each Pledgor shall deliver to Pledgee the Pledgee any Certificates and the Warrant, accompanied by (1) executed stock certificates, membership interest certificates or other certificated securities made out powers in blank in favor of Pledgee, the rights of Pledgee under which shall be exercisable only during the continuation of an Event of Default and in accordance with the terms of this Agreement, and (2) such Pledgor representing the Pledged Securities together with stock powers or membership interest powers duly executed in blank or other instruments and or documents as the Pledgee or its counsel may reasonably request, including, without limitation, any medallion bank guarantees (“Transfer Documents”).in each case in a form acceptable to Pledgee;

Delivery of Pledged Securities. (a) Simultaneously with Upon the execution of this Pledge Agreement, each Pledgor shall deliver to the Pledgee any stock certificates, membership interest Company (i) the certificates or other certificated securities made out in favor of such Pledgor representing the Pledged Securities which are Stock and (ii) the instrument representing the Subordinated Note together with stock powers or membership interest powers duly executed in blank or other instruments and documents as forms of assignment sufficient to transfer title thereto to the Pledgee may reasonably request, including, without limitation, any medallion bank guarantees (“Transfer Documents”)Company.