Common use of Delivery of Pledged Shares Clause in Contracts

Delivery of Pledged Shares. The certificates representing the Pledged Shares are hereby delivered to Secured Party, to be held by Secured Party, in accordance with the terms of this Agreement, accompanied by duly executed instruments of transfer.

Delivery of Pledged Shares. The All certificates or instruments representing or evidencing the Pledged Shares are hereby Shares, together with appropriate stock powers therefor signed in blank, shall, simultaneously with the execution and delivery hereof, be delivered to and held by the Secured PartyParty in trust for the Company, and shall continue to be held by in trust until the Secured Party, in accordance Party exercises its rights with respect thereto upon and during the terms continuance of an Event of Default or until the security interest created under this Agreement, accompanied by duly executed instruments of transferAgreement terminates.