Common use of Transfer Powers Clause in Contracts

Transfer Powers. Subject to the Subordination Agreement, upon the reasonable request of the Lender, such Pledgor shall deliver to the Lender (i) any certificates or instruments representing the Collateral of such Pledgor and (ii) concurrently therewith, an undated stock power, transfer power or endorsement covering such certificate or instrument, duly indorsed in blank; provided that, so long as the Senior Loan Documents remain in effect and subject to the Subordination Agreement, the delivery by such Pledgor to the Senior Lender of the items described in the foregoing clauses (i) and (ii), as applicable, shall satisfy the requirements of this Section 5(d).

Transfer Powers. Subject to the Subordination Agreement, upon the reasonable request of the Lender, such the Pledgor shall deliver to the Lender (i) any certificates or instruments Instruments representing the Collateral of such Pledgor and (ii) concurrently therewith, an undated stock power, transfer power or endorsement covering such certificate or instrumentInstrument, duly indorsed in blank; provided that, so long as the Senior Loan Documents remain in effect and subject to the Subordination Agreement, the delivery by such the Pledgor to the Senior Lender of the items described in the foregoing clauses (i) and (ii), as applicable, shall satisfy the requirements of this Section 5(d).