Common use of Special Covenants With Respect to the Securities Collateral Clause in Contracts

Special Covenants With Respect to the Securities Collateral. The Grantor agrees that upon the execution of and as a condition precedent to the effectiveness of this Agreement all certificates or instruments representing or evidencing the Securities Collateral shall be delivered to and held by or on behalf of the Secured Parties pursuant hereto and shall be in suitable form for transfer by delivery or, as applicable, shall be accompanied by such Grantor’s endorsement, where necessary, or duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to the Secured Parties. For purposes of this Section 9, delivery of all such items to the Trust pursuant to that certain Security Agreement dated as of August 10, 2001 between Grantor and the Trust shall also be deemed delivery of such items to Secured Parties as required hereunder.