Common use of Stock Powers, etc Clause in Contracts

Stock Powers, etc. The Pledgor agrees that (a) all Pledged ----------------- Shares delivered by the Pledgor pursuant to this Pledge Agreement will be accompanied by duly executed, undated blank stock powers, or other equivalent instruments of transfer acceptable to the Lender and (b) in the event that any capital stock constituting Collateral is pursuant to Section 2.3 delivered to ----------- the Lender, such Pledgor shall duly execute, upon the request of the Lender, undated blank stock powers or other equivalent instruments of transfer acceptable to the Lender. The Pledgor will, from time to time upon the request of the Lender, promptly deliver to the Lender such stock powers, instruments, and similar documents, satisfactory in form and substance to the Lender, with respect to the Collateral as the Lender may reasonably request and will, from time to time upon the request of the Lender after the occurrence and during the continuance of any Event of Default, promptly transfer any Pledged Shares or other shares of capital stock constituting Collateral into the name of the Lender or any nominee designated by the Lender.

Appears in 4 contracts

Samples: Stock Pledge Agreement (MCG Capital Corp), Form of Stock Pledge Agreement (MCG Capital Corp), Stock Pledge Agreement (MCG Capital Corp)

AutoNDA by SimpleDocs

Stock Powers, etc. The Pledgor agrees that (a) all Pledged ----------------- Shares delivered by the Pledgor pursuant to this Pledge Agreement will be accompanied by duly executed, undated blank stock powers, or other equivalent instruments of transfer acceptable to the Lender Pledgee and (b) in the event that any capital stock or other securities constituting Collateral is deemed pursuant to Section 2.3 to be delivered to ----------- the LenderPledgee, such Pledgor shall duly execute, upon the request of the LenderPledgee, undated blank stock powers or other equivalent instruments of transfer acceptable to the LenderPledgee. The Pledgor will, from time to time upon the request of the LenderPledgee, promptly deliver to the Lender Pledgee such stock powers, instruments, and similar documents, satisfactory in form and substance to the LenderPledgee, with respect to the Collateral as the Lender Pledgee may reasonably request and will, from time to time upon the request of the Lender Pledgee after the occurrence and during the continuance of any Event of Default, promptly transfer any Pledged Shares or other shares of capital stock constituting Collateral into the name of the Lender Pledgee or any nominee designated by the Lenderits nominee.

Appears in 2 contracts

Samples: Pledge Agreement (Goldman Sachs Group Inc), Pledge Agreement (Goldman Sachs Group Inc)

Stock Powers, etc. The Pledgor agrees that (a) all Pledged ----------------- Shares delivered by the Pledgor pursuant to this Pledge Agreement will be accompanied by duly executed, undated blank stock powers, or other equivalent instruments of transfer acceptable to the Lender and (b) in the event that any capital stock constituting Collateral is deemed pursuant to Section 2.3 to be delivered to ----------- the Lender, such Pledgor shall duly execute, upon the request of the Lender, undated blank stock powers or other equivalent instruments of transfer acceptable to the Lender. The Pledgor will, from time to time upon the request of the Lender, promptly deliver to the Lender such stock powers, instruments, and similar documents, satisfactory in form and substance to the Lender, with respect to the Collateral as the Lender may reasonably request and will, from time to time upon the request of the Lender after the occurrence and during the continuance of any Event of Default, promptly transfer any Pledged Shares or other shares of capital stock constituting Collateral into the name of the Lender or any nominee designated by the Lender.

Appears in 1 contract

Samples: Pledge Agreement (Medis Technologies LTD)

AutoNDA by SimpleDocs

Stock Powers, etc. The Pledgor agrees that (a) all Pledged ----------------- Shares delivered by the Pledgor pursuant to this Pledge Agreement will be accompanied by duly executed, undated blank stock powers, or other equivalent instruments of transfer acceptable to the Lender and (b) in the event that any capital stock constituting Collateral is deemed pursuant to Section 2.3 to be ----------- delivered to ----------- the Lender, such Pledgor shall duly execute, upon the request of the Lender, undated blank stock powers or other equivalent instruments of transfer acceptable to the Lender. The Pledgor will, from time to time upon the request of the Lender, promptly deliver to the Lender such stock powers, instruments, and similar documents, satisfactory in form and substance to the Lender, with respect to the Collateral as the Lender may reasonably request and will, from time to time upon the request of the Lender after the occurrence and during the continuance of any Event of Default, promptly transfer any Pledged Shares or other shares of capital stock constituting Collateral into the name of the Lender or any nominee designated by the Lender.

Appears in 1 contract

Samples: Pledge Agreement (MCG Capital Corp)

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