Common use of Second Time of Delivery Clause in Contracts

Second Time of Delivery. Effective upon and subject to the receipt by Pledgor of the Additional Purchase Price at the Second Time of Delivery, Pledgor shall either (1) deliver to the Collateral Agent in pledge hereunder one or more certificates representing in the aggregate at least the Additional Share Base Amount of Common Stock, registered in the name of the Collateral Agent or its nominee or duly endorsed in blank or accompanied by undated stock powers duly endorsed in blank, or (2) if such shares of Common Stock are not held in certificated form but is held in book-entry form by The Depository Trust Company or any other comparable depositary, transfer such shares of Common Stock to an account of the Collateral Agent or to an account (other than an account of Pledgor) designated by the Collateral Agent with The Depository Trust Company or such other depositary, as applicable.

Appears in 2 contracts

Samples: Collateral Agreement (Murdock David H), Collateral Agreement (2009 Dole Food Automatic Common Exchange Security Trust)

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Second Time of Delivery. Effective upon and subject to the receipt by the Pledgor of the Additional Purchase Price Price, at the Second 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 at least Common Stock representing the Additional Share Base Amount of Common Stock, registered in the name of the Collateral Agent or its nominee or duly endorsed in blank or accompanied by 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 is are held in book-book entry form by The Depository Trust Company or any other comparable depositary, transfer such number of shares of Common Stock representing the Additional Share Base Amount of Common Stock to an account of the Collateral Agent or to an account (other than an account of the Pledgor) designated by the Collateral Agent with The Depository the Depositary Trust Company or such other depositary, as applicable.

Appears in 2 contracts

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

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