Common use of First Time of Delivery Clause in Contracts

First Time of Delivery. At the First Time of Delivery, the Pledgor shall either (1) deliver to the Collateral Agent in pledge hereunder one or more certificates in registered form representing in the aggregate __________ shares of the Common Stock, together with undated stock powers with respect thereto duly endorsed in blank, or (2) if such shares of Common Stock are not held in certificated form but are held in book entry form by The Depository Trust Company or other comparable depositary, transfer such shares of Common Stock to an account of the Collateral Agent with the Depositary Trust Company or such other depositary, as applicable.

Appears in 2 contracts

Samples: Collateral Agreement (CVS Automatic Common Exchange Security Trust), Collateral Agreement (Fourth Automatic Common Exchange Security Trust)

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First Time of Delivery. At the First Time of Delivery, the Pledgor shall either (1) deliver to the Collateral Agent in pledge hereunder one or more certificates in registered form representing in the aggregate ___________ shares of the Common Stock, together with undated stock powers with respect thereto duly endorsed in blank, or (2) if such shares of Common Stock are not held in certificated form but are held in book entry form by The Depository Trust Company or other comparable depositary, transfer such shares of Common Stock to an account of the Collateral Agent with the Depositary Trust Company or such other depositary, as applicable.

Appears in 1 contract

Samples: Collateral Agreement (Automatic Common Exchange Security Trust Ii)

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First Time of Delivery. At the First Time of Delivery, the Pledgor shall either (1) deliver to the Collateral Agent in pledge hereunder one or more certificates certifi xxxxx in registered form representing in the aggregate at least __________ shares of the Class A Common Stock, together with undated stock powers with respect thereto duly endorsed in blank, or (2) if such shares of Class A Common Stock are not held in certificated form but are held in book entry form by The Depository Trust Company or other comparable depositary, transfer such shares of Class A Common Stock to an account of the Collateral Agent with the The Depositary Trust Company or such other depositary, as applicable.

Appears in 1 contract

Samples: Collateral Agreement (Estee Lauder Automatic Common Exchange Security Trust)

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