Deposit and Custody of Stock Sample Clauses

Deposit and Custody of Stock. Management Company hereby acknowledges receipt of stock certificate no. 01 (the "Certificate") of the Corporation, said Certificate evidencing 1,000.00 shares of the Stock of the Corporation respectively, deposited by the Stockholder upon execution hereof duly endorsed in blank. Management Company agrees to hold said Certificate for the benefit of the Designated Transferee. Upon the occurrence of a Transfer Event, Management Company shall endorse the Certificate to the Clerk of the Corporation for cancellation by the Clerk, registration of the shares represented thereby in the name of the Designated Transferee on the books of the Corporation, and issuance of a new certificate in the name of the Designated Transferee.
Sample 1
AutoNDA by SimpleDocs
Deposit and Custody of Stock. DCA hereby acknowledges ---------------------------- receipt of stock certificate no. (the "Certificate") of Medical --------- Group, evidencing shares of the Stock of Medical Group, which stock -------- certificate has been delivered by the Stockholder upon execution hereof and has been duly endorsed by the Stockholder in blank. DCA agrees to hold such Certificate in trust for the benefit of the Designated Transferee. Upon the occurrence of a Transfer Event, DCA shall endorse the Certificate in the name of the Designated Transferee and shall release the Certificate to the Medical Group's secretary for cancellation by the secretary, for registration of the shares represented thereby in the name of the Designated Transferee on the books of Medical Group, and for issuance of a new certificate in the name of the Designated Transferee.
Sample 1
Deposit and Custody of Stock. Upon release of the Certificate from Xxxxxx Xxxxx Bank the parties agree that MMI shall hold stock certificate no. 5 (the "Certificate") of the Corporation, evidencing 4000 shares of the Stock of the Corporation, duly endorsed in blank, for the benefit of the Designated Transferee. Upon the occurrence of a Transfer Event, MMI shall endorse the Certificate in the name of the Designated Transferee and release the Certificate to the Clerk of the Corporation for cancellation by the Clerk, registration of the shares represented thereby in the name of the Designated Transferee on the books of the Corporation, and issuance of a new certificate in the name of the Designated Transferee.
Sample 1
Deposit and Custody of Stock. First Dental hereby acknowledges receipt of stock certificates no. 1 and no. 2 (the "Certificates") of the Corporation, the Certificates, each of which evidence 100 shares of the Stock of the Corporation, have been deposited by the Stockholder with First Dental upon execution hereof duly endorsed in blank. First Dental agrees to hold the Certificates for the benefit of the Designated Transferee. Upon the occurrence of a Transfer Event, First Dental shall endorse a Certificate in the name of the Designated Transferee and release the Certificate to the Clerk of the Corporation for cancellation by the Clerk, registration of the shares represented thereby in the name of the Designated Transferee on the books of the Corporation, and issuance of a new certificate in the name of the Designated Transferee.
Sample 1

Related to Deposit and Custody of Stock

  • Fund Custody Accounts As to each Fund, the Custodian shall open and maintain in its trust department a custody account in the name of the Trust coupled with the name of the Fund, subject only to draft or order of the Custodian, in which the Custodian shall enter and carry all Securities, cash and other assets of such Fund which are delivered to it.

  • Disbursement of Moneys from Fund Custody Account Upon receipt of Proper Instructions, the Custodian shall disburse moneys from the Fund Custody Account but only in the following cases:

  • Delivery of Securities from Fund Custody Account Upon receipt of Proper Instructions, the Custodian shall release and deliver, or cause the Sub-Custodian to release and deliver, Securities from the Fund Custody Account but only in the following cases:

  • Delivery of Instruments, Certificated Securities and Chattel Paper If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument, Certificated Security or Chattel Paper, such Instrument, Certificated Security or Chattel Paper shall be immediately delivered to the Administrative Agent, duly indorsed in a manner satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement.

  • Custody Account The Custodian shall open and maintain in its trust department a custody account in the name of each Fund, subject only to draft or order of the Custodian, in which the Custodian shall enter and carry all Securities, cash and other assets of the Fund which are delivered to it.

  • Deposit and Securities Accounts (Please list all accounts; attach separate sheet if additional space needed) Institution Name Account Number New Account? Account Control Agreement in place?

  • Disbursements of Custodian Upon receipt of a Written Instruction directing payment and setting forth the name and address of the person to whom such payment is to be made, the amount of such payment, the name of the Fund from which payment is to be made, and the purpose for which payment is to be made, the Custodian shall disburse amounts as and when directed from the assets of that Fund. The Custodian is authorized to rely on such directions and shall be under no obligation to inquire as to the propriety of such directions.

  • Delivery of Instruments and Chattel Paper If any amount payable under or in connection with any of such Grantor’s Collateral shall be or become evidenced by any Instrument or Chattel Paper, such Grantor shall (except as provided in the following sentence) be entitled to retain possession of all Collateral of such Grantor evidenced by any Instrument or Chattel Paper, and shall hold all such Collateral in trust for the Collateral Agent, for the benefit of the Secured Parties. In the event that an Event of Default shall have occurred and be continuing, upon the request of the Collateral Agent, the Note Agent, the applicable Collateral Representative or any Additional Agent, as applicable, in accordance with the Intercreditor Agreement, such Instrument or Chattel Paper shall be promptly delivered to the Collateral Agent, the Note Agent, the applicable Collateral Representative or any Additional Agent, as applicable, in accordance with the Intercreditor Agreement, duly indorsed in a manner reasonably satisfactory to the Collateral Agent, the Note Agent, the applicable Collateral Representative or any Additional Agent, as applicable, in accordance with the Intercreditor Agreement, to be held as Collateral pursuant to this Agreement. Such Grantor shall not permit any other Person to possess any such Collateral at any time other than in connection with any sale or other disposition of such Collateral in a transaction permitted by the Credit Agreement or as contemplated by the Intercreditor Agreement.

  • Deposit, Commodities and Securities Accounts On or prior to the date hereof, the Grantor shall cause each bank and other financial institution with an account referred to in Schedule IV hereto to execute and deliver to the Collateral Agent (or its designee) a control agreement, in form and substance satisfactory to the Collateral Agent, duly executed by the Grantor and such bank or financial institution, or enter into other arrangements in form and substance satisfactory to the Collateral Agent, pursuant to which such institution shall irrevocably agree, among other things, that (i) it will comply at any time with the instructions originated by the Collateral Agent (or its designee) to such bank or financial institution directing the disposition of cash, Commodity Contracts, securities, Investment Property and other items from time to time credited to such account, without further consent of the Grantor, (ii) all cash, Commodity Contracts, securities, Investment Property and other items of the Grantor deposited with such institution shall be subject to a perfected, first priority security interest in favor of the Collateral Agent (or its designee), (iii) any right of set off, banker’s Lien or other similar Lien, security interest or encumbrance shall be fully waived as against the Collateral Agent (or its designee) and (iv) upon receipt of written notice from the Collateral Agent during the continuance of an Event of Default, such bank or financial institution shall immediately send to the Collateral Agent (or its designee) by wire transfer (to such account as the Collateral Agent (or its designee) shall specify, or in such other manner as the Collateral Agent shall direct) all such cash, the value of any Commodity Contracts, securities, Investment Property and other items held by it. Without the prior written consent of the Collateral Agent, the Grantor shall not make or maintain any Deposit Account, Commodity Account or Securities Account except for the accounts set forth in Schedule IV hereto. The provisions of this Section 6(h) shall not apply to Deposit Accounts for which the Collateral Agent is the depositary.

Time is Money Join Law Insider Premium to draft better contracts faster.