Common use of Delivery of Pledged Shares Clause in Contracts

Delivery of Pledged Shares. All certificates or instruments representing or evidencing the Pledged Shares shall be delivered to and held by or on behalf of the Lender pursuant hereto and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to the Lender. The Lender shall have the right, at any time in its discretion and without notice to Pledgor, whether prior to or following the occurrence of an Event of Default (as defined herein), to transfer to or to register in the name of the Lender or any of its nominees any or all of the Pledged Shares. In addition, the Lender shall have the right, subject to the reasonable approval of Lender's transfer agent, at any time to exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations.

Delivery of Pledged Shares. (a) All certificates or instruments representing or evidencing the Pledged Shares shall be delivered to and held by or on behalf of the Lender Bank pursuant hereto and shall be duly endorsed to Bank or shall be otherwise in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Bank. After the Lender. The Lender occurrence of an Event of Default and during its continuance, Bank shall have the right, at any time in its discretion and without further notice to Pledgor, whether prior to or following the occurrence of an Event of Default (as defined herein), to transfer to or to register in the name of the Lender Bank or any of its nominees nominees, any or all of the Pledged Shares. In addition, upon the Lender occurrence and during the continuance of an Event of Default as hereinafter defined, Bank shall have the right, subject to the reasonable approval of Lender's transfer agent, right at any time to exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations.

Delivery of Pledged Shares. All certificates or instruments representing or evidencing the Pledged Shares Share. shall be delivered to and held by or on behalf of the Lender pursuant hereto and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to the Lender. The Lender shall have the right, at any time in its discretion and without notice to Pledgor, whether prior to or following the occurrence of an Event of Default (as defined herein), to transfer to or to register in the name of the Lender or any of its nominees any or all of the Pledged Shares. In addition, the Lender shall have the right, subject to the reasonable approval of LenderIntek's transfer agent, at any time to exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations.