Common use of Transfer of Pledged Securities Clause in Contracts

Transfer of Pledged Securities. All certificates and instruments representing or evidencing the Pledged Equity Interests shall be delivered to and held pursuant hereto by the Collateral Agent or a Person designated by the Collateral Agent and, in the case of an instrument or certificate in registered form, shall be duly indorsed to the Collateral Agent or in blank by an effective indorsement (whether on the certificate or instrument or on a separate writing), and accompanied by any required transfer tax stamps to effect the pledge of the Pledged Equity Interests to the Collateral Agent. Notwithstanding the preceding sentence, all Pledged Equity Interests must be delivered or transferred in such manner, and each Grantor shall take all such further action as may be reasonably requested by the Collateral Agent, as to permit the Collateral Agent to be a “protected purchaser” to the extent of its security interest as provided in Section 8-303 of the New York UCC (if the Collateral Agent otherwise qualifies as a protected purchaser).

Transfer of Pledged Securities. All certificates and instruments instruments, if any, representing or evidencing the Pledged Equity Interests Securities shall be delivered to and held pursuant hereto by the Collateral Administrative Agent or a Person designated by the Collateral Administrative Agent and, in the case of an instrument or certificate in registered form, shall be duly indorsed to the Collateral Administrative Agent or in blank by an effective indorsement endorsement (whether on the certificate or instrument or on a separate writing), and accompanied by any required transfer tax stamps to effect the pledge of the Pledged Equity Interests Securities to the Collateral Administrative Agent. Notwithstanding the preceding sentence, all Pledged Equity Interests Securities must be delivered or transferred in such manner, and each Grantor shall take all such further action as may be reasonably requested by the Collateral Administrative Agent, as to permit the Collateral Administrative Agent to be a “protected purchaser” to the extent of its security interest as provided in Section 8-303 of the New York UCC (if the Collateral Administrative Agent otherwise qualifies as a protected purchaser).