Common use of Sell Securities Clause in Contracts

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable or believes it is unable to sell the securities in an open market transaction, Grantor agrees that (A) Lender will have no obligation to delay sale until the securities can be registered, and (B) Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are “restricted securities” as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state “Blue Sky” laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor’s family, nor any other person signing this Agreement will sell or dispose of any securities of such Issuer without obtaining Lender’s prior written consent. Rights and Remedies with Respect to Investment Property, Financial Assets and Related Collateral. In addition to other rights and remedies granted under this Agreement and under applicable law, Lender may exercise any or all of the following rights and remedies: (A) register with any issuer or broker or other securities intermediary any of the Collateral consisting of investment property or financial assets (collectively, “Investment Property”) in Lender’s sole name or in the name of Lender’s broker, agent or nominee; (B) cause any issuer, broker or other securities intermediary to deliver to Lender any of the Collateral consisting of securities or Investment Property capable of being delivered; (C) enter into a control agreement or power of attorney with any issuer or securities intermediary with respect to any Collateral consisting of investment property, on such terms as Lender may deem appropriate, in its sole discretion, including without limitation, an agreement granting to Lender any of the rights provided hereunder without further notice to or consent by Grantor; (D) execute any such control agreement on Grantor’s behalf and in Grantor’s name, and Grantor hereby irrevocably appoints Lender as agent and attorney-in-fact, coupled with an interest, for the purpose of executing such control agreement on Grantor’s behalf; (E) exercise any and all rights of Lender under any such control agreement or power of attorney; (F) exercise any voting, conversion, registration, purchase, option, or other rights with respect to any Collateral; (G) collect, with or without legal action, and issue receipts concerning any notes, checks, drafts, remittances or distributions that are paid or payable with respect to any Collateral consisting of Investment Property. Any control agreement entered with respect to any Investment Property shall contain the following provisions:

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable unable, or believes it Lender is unable unable, to sell the securities in an open market transaction, Grantor agrees that (A) Lender will have no obligation to delay sale until the securities can be registered, and (B) . Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are “"restricted securities” " as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state “"Blue Sky” " laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor’s 's family, nor any other person signing this Agreement will sell or dispose of any securities of such Issuer issuer without obtaining Lender’s 's prior written consent. Rights and Remedies with Respect to Investment PropertyRIGHTS AND REMEDIES WITH RESPECT TO INVESTMENT PROPERTY, Financial Assets and Related CollateralFINANCIAL ASSETS AND RELATED COLLATERAL. In addition to other rights and remedies granted under this Agreement and under applicable law, Lender may exercise any or all of the following rights and remedies: (A1) register with any issuer or broker or other securities intermediary any of the Collateral consisting of investment property or financial assets (collectivelycollectively herein, “Investment Property”"investment property") in Lender’s 's sole name or in the name of Lender’s 's broker, agent or nominee; (B2) cause any issuer, broker or other securities intermediary to deliver to Lender any of the Collateral consisting of securities securities, or Investment Property investment property capable of being delivered; (C3) enter into a control agreement or power of attorney with any issuer or securities intermediary with respect to any Collateral consisting of investment property, on such terms as Lender may deem appropriate, in its sole discretion, including without limitation, an agreement granting to Lender any COMMERCIAL PLEDGE AGREEMENT (Continued) Page 4 of the rights provided hereunder without further notice to or consent by Grantor; (D4) execute any such control agreement on Grantor’s 's behalf and in Grantor’s 's name, and Grantor hereby irrevocably appoints Lender as agent and attorney-in-fact, coupled with an interest, for the purpose of executing such control agreement on Grantor’s 's behalf; (E5) exercise any and all rights of Lender under any such control agreement or power of attorney; (F6) exercise any voting, conversion, registration, purchase, option, or other rights with respect to any Collateral; (G7) collect, with or without legal action, and issue receipts concerning any notes, checks, drafts, remittances or distributions that are paid or payable with respect to any Collateral consisting of Investment Propertyinvestment property. Any control agreement entered with respect to any Investment Property investment property shall contain the following provisions:, at Lender's discretion. Lender shall be authorized to instruct the issuer, broker or other securities intermediary to take or to refrain from taking such actions with respect to the investment property as Lender may instruct, without further notice to or consent by Grantor. Such actions may include without limitation the issuance of entitlement orders, account instructions, general trading or buy or sell orders, transfer and redemption orders, and stop loss orders. Lender shall be further entitled to instruct the issuer, broker or securities intermediary to sell or to liquidate any investment property, or to pay the cash surrender or account termination value with respect to any and all investment property, and to deliver all such payments and liquidation proceeds to Lender. Any such control agreement shall contain such authorizations as are necessary to place Lender in "control" of such investment collateral, as contemplated under the provisions of the Uniform Commercial Code, and shall fully authorize Lender to issue "entitlement orders" concerning the transfer, redemption, liquidation or disposition of investment collateral, in conformance with the provisions of the Uniform Commercial Code.

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable unable, or believes it Lender is unable unable, to sell the securities in an open market transaction, Grantor agrees that (A) Lender will have no obligation to delay sale until the securities can be registered, and (B) . Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are “"restricted securities” " as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state “"Blue Sky” " laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer Issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor’s 's family, nor any other person signing this his Agreement will sell or dispose of any securities of such Issuer issuer without obtaining Lender’s 's prior written consent. Rights and Remedies with Respect to Investment Property, Financial Assets and Related Collateral. In addition to other rights and remedies granted under this Agreement and under applicable law, Lender may exercise any or all of the following rights and remedies: (A1) register with any issuer or broker or other securities intermediary any of the Collateral consisting of investment property properly or financial assets (collectivelycollectively herein, “Investment Propertyinvestment property”) in Lender’s sole name or in the name of the Lender’s broker, agent agent, or nominee; (B2) cause any issuer, broker or other securities intermediary to deliver to Lender any of the Collateral consisting of securities securities, or Investment Property investment property capable of being delivered; (C3) enter into a control agreement or power of attorney with any issuer or securities intermediary with respect to any Collateral consisting of investment property, on such terms as Lender may deem appropriate, in its Its sole discretion, including without limitation, an agreement granting to Lender any of the rights provided hereunder without further notice to or consent by Grantor; (D4) execute any such control agreement on Grantor’s behalf and in Grantor’s name, and Grantor hereby irrevocably appoints Lender as agent and attorney-in-fact, coupled with an interest, for the purpose of executing such control agreement on Grantor’s 's behalf; (E5) exercise any and all rights of Lender under any such control agreement or power of attorney; (F6) exercise any voting, conversion, registration, purchase, option, or other rights with respect to any Collateral; (G7) collect, with or without legal action, and issue receipts concerning any notes, checks, drafts, remittances or distributions that are paid or payable with respect to any Collateral consisting of Investment Propertyproperty. Any control agreement entered with respect to any Investment Property investment property shall contain the he following provisions:, at Lender discretion. Lender shall be authorized to Instruct the Issuer, broker or other securities intermediary to take or to refrain from taking such actions with respect to the investment properly as Lender may instruct, without further notice to or consent by Grantor. Such actions may include without limitation the issuance of entitlement orders, account instructions, general trading or buy or sell orders, transfer and redemption orders, and stop loss orders. Lender shall be further entitled to Instruct the Issuer, broker or securities intermediary to sell or to liquidate any investment property, or to pay the cash surrender or account termination value with respect to any and all investment property, and to deliver all such payments and liquidation proceeds to Lender. Any such control agreement shall contain such authorizations as are necessary to place Lender in "control" of such investment collateral, as contemplated under the provisions of the Uniform Commercial Code, and shall fully authorize Lender to Issue "entitlement orders" concerning the transfer, redemption, liquidation or disposition of investment collateral, In conformance with the provisions of the Uniform Commercial Code. Foreclosure. Maintain a judicial suit for foreclosure and sale of the Collateral. Transfer Title. Effect transfer of title upon sale of all or part of the Collateral. For this purpose, Grantor Irrevocably appoints Lender as Grantor's attorney-In-fact to execute endorsements, assignments and Instruments in the name of Grantor and each of them (if more than one) as shall be necessary or reasonable. Other Rights and Remedies, Have and exercise any or all of the rights and remedies of a secured creditor under the provisions of the Uniform Commercial Code, at law, In equity, or otherwise. Application of Proceeds. Apply any cash which is part of the Collateral, or which is received from the collection or sale of the Collateral, to reimbursement of any expenses, including any costs for registration of securities, commissions incurred in connection with a sale, reasonable attorneys’ fees and court costs, whether or not there is a lawsuit and including any fees on appeal, incurred by Lender in connection with the collection and sale of such Collateral and to the payment of the indebtedness of Grantor to Lender, with any excess funds to be paid to Grantor as the interests of Grantor may appear. Grantor agrees, to the extent permitted by law, to pay any deficiency after application of the proceeds of the Collateral to the Indebtedness.

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable unable, or believes it Lender is unable unable, to sell the securities in an open market transaction, Grantor agrees that (A) Lender will have no obligation to delay sale until the securities can be registered, and (B) . Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are “'restricted securities” ' as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state “"Blue Sky” " laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor’s 's family, nor any other person signing this Agreement will sell or dispose of any securities of such Issuer issuer without obtaining Lender’s 's prior written consent. Rights and Remedies with Respect to Investment Property, Financial Assets and Related Collateral. In addition to other rights and remedies granted under this Agreement and under applicable law, Lender may exercise any or all of the following rights and remedies: (A1) register with any issuer or broker or other securities intermediary any of the Collateral consisting of investment property or financial assets (collectivelycollectively herein, “Investment Property”property") in Lender’s 's sole name or in the name of Lender’s 's broker, agent or nominee; (B2) cause any issuer, broker or other securities intermediary to deliver to Lender any of the Collateral consisting of securities securities, or Investment Property investment property capable of being delivered; (C3) enter into Into a control agreement or power of attorney attomey with any issuer or securities intermediary with respect to any Collateral consisting of investment property, on such terms as Lender may deem appropriate, in its sole discretion, including without limitation, an agreement granting to Lender any of the rights provided hereunder without further notice to or consent by Grantor; , (D4) execute any such control agreement on Grantor’s 's behalf and in Grantor’s 's name, and Grantor hereby irrevocably appoints Lender as agent and attorney-in-fact, coupled with an interest, for the purpose of executing such control agreement on Grantor’s 's behalf; (E5) exercise any and all rights of Lender under any such control agreement or power of attorney; (F6) exercise any voting, conversion, registration, purchase, option, or other rights with respect to any Collateral; (G7) collect, with or without legal action, and issue receipts concerning any notes, checks, drafts, remittances or distributions that are paid or payable with respect to any Collateral consisting of Investment Propertyinvestment property. Any control agreement entered with respect to any Investment Property investment property shall contain the following provisions:, at Lender's discretion, Lender shall be authorized to instruct the issuer, broker or other securities intermediary to take or to refrain from taking such actions with respect to the investment property as Lender may instruct, without further notice to or consent by Grantor. Such actions may include without limitation the issuance of entitlement orders, account instructions, general trading or buy or sell orders, transfer and redemption orders, and stop loss orders. Lender shall be further entitled to instruct the issuer, broker or securities intermediary to sell or to liquidate any investment property, or to pay the cash surrender or account termination value with respect to any and all investment property, and to deliver all such payments and liquidation proceeds to Lender. Any such control agreement shall contain such authorizations as are necessary to place Lender in "control" of such investment collateral, as contemplated under the provisions of the Uniform Commercial Code, and shall fully authorize Lender to issue "entitlement orders" concerning the transfer, redemption, liquidation or disposition of investment collateral, In conformance with the provisions of the Uniform Commercial Code.

Sell Securities. Sell Lender may sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws, notwithstanding any other provision of this or any other agreement. If, because of restrictions under such laws, Lender is unable or believes it is unable to sell the securities in an open market transaction, Grantor agrees that (Aa) Lender will shall have no obligation to delay sale until the securities can be registered, and (Bb) Lender may make a private sale to one a single person or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such , and (c) such a sale will shall be considered commercially reasonable. If any securities held as Collateral are “"restricted securities” " as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state “"Blue Sky” " laws, or if Grantor Grantor, or any other owner of the Collateral them (if more than one), is an affiliate of the issuer of the securities, Grantor agrees that Grantor will neither Grantor, sell nor any member of Grantor’s family, nor any other person signing this Agreement will sell or dispose of any securities of such Issuer issuer without obtaining Lender’s 's prior written consent. Rights and Remedies with Respect to Investment Property, Financial Assets and Related TRANSFER TITLE. Lender may effect transfer of title upon sale of all or part of the Collateral. In addition For this purpose, Grantor irrevocably appoints Lender as its attorney-in-fact to other rights execute endorsements, assignments and remedies granted under this Agreement and under applicable law, Lender may exercise any or all of the following rights and remedies: (A) register with any issuer or broker or other securities intermediary any of the Collateral consisting of investment property or financial assets (collectively, “Investment Property”) in Lender’s sole name or instruments in the name of Lender’s broker, agent Grantor and each of them (if more than one) as shall be necessary or nominee; (B) cause reasonable. APPLICATION OF PROCEEDS. Lender may apply any issuer, broker or other securities intermediary to deliver to Lender any cash which is part of the Collateral consisting Collateral, or which is received from the collection or sale of the Collateral, to (a) reimbursement of any expenses, including any costs of any securities registration, commissions incurred in connection with a sale, attorney fees as provided below and court costs, whether or Investment Property capable not there is a lawsuit and including any fees on appeal, incurred by Lender in connection with the collection and sale of being delivered; such Collateral, and (Cb) enter into a control agreement or power to the payment of attorney the Indebtedness of Grantor to Lender, with any issuer or securities intermediary with respect excess funds to any Collateral consisting be paid to Grantor as the interests of investment property, on such terms as Lender Grantor may deem appropriate, in its sole discretion, including without limitation, an agreement granting to Lender any of the rights provided hereunder without further notice to or consent by Grantor; (D) execute any such control agreement on Grantor’s behalf and in Grantor’s name, and Grantor hereby irrevocably appoints Lender as agent and attorney-in-fact, coupled with an interest, for the purpose of executing such control agreement on Grantor’s behalf; (E) exercise any and all rights of Lender under any such control agreement or power of attorney; (F) exercise any voting, conversion, registration, purchase, option, or other rights with respect to any Collateral; (G) collect, with or without legal action, and issue receipts concerning any notes, checks, drafts, remittances or distributions that are paid or payable with respect to any Collateral consisting of Investment Property. Any control agreement entered with respect to any Investment Property shall contain the following provisions:appear.

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable unable, or believes it Xxxxxx is unable unable, to sell the securities in an open market transaction, Grantor agrees that (A) Lender will have no obligation to delay sale until the securities can be registered, and (B) Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are “"restricted securities” " as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state “"Blue Sky” " laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor Xxxxxxx agrees that neither Grantor, nor any member of Grantor’s 's family, nor any other person signing this Agreement will sell or dispose of any securities of such Issuer issuer without obtaining Lender’s Xxxxxx's prior written consent. Rights and Remedies with Respect to Investment Property, Financial Assets and Related Collateral. In addition to other rights and remedies granted under this Agreement and under applicable law, Lender may exercise any or all of the following rights and remedies: (A1) register with any issuer or broker or other securities intermediary any of the Collateral consisting of investment property or financial assets (collectivelycollectively herein, “Investment Property”"investment property") in Lender’s 's sole name or in the name of Lender’s Xxxxxx's broker, agent or nominee; (B2) cause any issuer, broker or other securities intermediary to deliver to Lender any of the Collateral consisting of securities securities, or Investment Property investment property capable of being delivered; (C3) enter into a control agreement or power of attorney with any issuer or securities intermediary with respect to any Collateral consisting of investment propertyproperly, on such terms as Lender may deem appropriate, in its sole discretion, including without limitation, an agreement granting to Lender any of the rights provided hereunder without further notice to or consent by Grantor; (D4) execute any such control agreement on Grantor’s 's behalf and in Grantor’s 's name, and Grantor hereby irrevocably appoints Lender Xxxxxx as agent and attorney-in-fact, coupled with an interest, for the purpose of executing such control agreement on Grantor’s 's behalf; (E5) exercise any and all rights of Lender under any such control agreement or power of attorney; : (F6) exercise any voting, conversion, registration, purchase, option, or other rights with respect to any Collateral; (G7) collect, with or without legal action, and issue receipts concerning any notes, checks, drafts, remittances or distributions that are paid or payable with respect to any Collateral consisting of Investment Propertyinvestment property. Any control agreement entered with respect to any Investment Property investment property shall contain the following provisions:, at Xxxxxx's discretion. Lender shall be authorized to instruct the issuer, broker or other securities intermediary to take or to refrain from taking such actions with respect to the investment property as Lender may instruct, without further notice to or consent by Grantor. Such actions may include without limitation the issuance of entitlement orders, account instructions, general trading or buy or sell orders, transfer and redemption orders, and stop loss orders. Lender shall be further entitled to instruct the issuer, broker or securities intermediary to sell or to liquidate any investment Property, or to pay the cash surrender or account termination value with respect to any and all investment property, and to deliver all such payments and liquidation proceeds to Lender. Any such control agreement shall contain such authorizations as are necessary to place Lender in "control" of such investment collateral, as contemplated under the provisions of the Uniform Commercial Code, and shall fully authorize Lender to issue "entitlement orders" concerning the transfer, redemption, liquidation or disposition of investment collateral, in conformance with the provisions of the Uniform Commercial Code.

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable unable, or believes it Xxxxxx is unable unable, to sell the securities in an open market transaction, Grantor agrees that (A) Lender will have no obligation to delay sale until the securities can be registered, and (B) Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are “"restricted securities” " as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state “"Blue Sky” " laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor Xxxxxxx agrees that neither Grantor, nor not any member of Grantor’s 's family, nor any other person signing this Agreement will sell or dispose of any securities of such Issuer issuer without obtaining Lender’s Xxxxxx's prior written consent. Rights and Remedies with Respect to Investment Property, Financial Assets and Related Collateral. In addition to other rights and remedies granted under this Agreement and under applicable law, Lender may exercise any or all of the following rights and remedies: (AI) register with any issuer or broker or other securities intermediary any of the Collateral consisting of investment property or financial assets (collectivelycollectively herein, “Investment Property”"investment property") in Lender’s 's sole name or in the name of Lender’s Xxxxxx's broker, agent or nominee; (B2) cause any issuer, issuer or broker or other securities intermediary to deliver to Lender any of the Collateral consisting of securities securities, or Investment Property investment property capable of being delivered; (C3) enter into a control agreement or power of attorney with any issuer or securities intermediary with respect to any Collateral consisting of investment property, on such terms as Lender may deem appropriate, in its sole discretion, including without limitation, an agreement granting to Lender any of the rights provided hereunder without further notice to or consent by Grantor; (D4) execute any such control agreement on Grantor’s behalf and in Grantor’s name, and Grantor hereby irrevocably appoints Lender as agent and attorney-in-fact, coupled with an interest, for the purpose of executing such control agreement on Grantor’s 's behalf; (E5) exercise any and all rights of Lender under any such control agreement or power of attorney; (F6) exercise any voting, conversion, registration, purchase, option, or other rights with respect to any Collateral; (G7) collect, with or without legal action, and issue receipts concerning any notes, checks, drafts, remittances or distributions that are paid or payable with respect to any Collateral consisting of Investment Propertyinvestment property. Any control agreement entered with respect to any Investment Property investment property shall contain the following provisions:, at Xxxxxx's discretion. Lender shall be authorized to instruct the issuer, broker or other securities intermediary to take or to refrain from taking such actions with respect to the investment property as Lender may instruct, without further notice to or consent by Grantor. Such actions may include without limitation the issuance of entitlement orders, account instructions, general trading or buy or sell orders, transfer and redemption orders, and stop loss orders. Lender shall be further entitled to instruct the issuer, broker or securities intermediary to sell or to liquidate any investment property, or to pay the cash surrender or account COMMERCIAL PLEDGE AGREEMENT termination value with respect to any and all investment property, and to deliver all such payments and liquidation proceeds to Lender. Any such control agreement shall contain such authorizations as are necessary to place Lender in "control" of such investment collateral, as contemplated under the provisions of the Uniform Commercial Code, and shall fully authorize Lender to issue "entitlement orders" concerning the transfer, redemption, liquidation or disposition of investment collateral, in conformance with the provisions of the Uniform Commercial Code. Foreclosure. Maintain a judicial suit for foreclosure and sale of the Collateral.

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender is unable unable, or believes it Lender is unable unable, to sell the securities in an open market transaction, Grantor agrees that (A) Lender will have no obligation to delay sale until the securities can be registered, and (B) . Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are “"restricted securities” " as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state “"Blue Sky” " laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor’s 's family, nor any other person signing this Agreement will sell or dispose of any securities of such Issuer issuer without obtaining Lender’s 's prior written consent. Rights and Remedies with Respect to Investment Property, Financial Assets and Related Collateral. In addition to other rights and remedies granted under this Agreement and under applicable law, Lender may exercise any or all of the following rights and remedies: (A1) register with any issuer or broker or other securities intermediary any of the Collateral consisting of investment property or financial assets (collectivelycollectively herein, “Investment Property”"investment property") in Lender’s 's sole name or in the name of Lender’s 's broker, agent or nominee; (B2) cause any issuer, broker or other securities intermediary to deliver to Lender any of the Collateral consisting of securities securities, or Investment Property investment property capable of being delivered; (C3) enter into a control agreement or power of attorney with any issuer or securities intermediary with respect to any Collateral consisting of investment property, on such terms as Lender may deem appropriate, in its sole discretion, including without limitation, an agreement granting to Lender any of the rights provided hereunder without further notice to or consent by Grantor; (D4) execute any such control agreement on Grantor’s 's behalf and in Grantor’s 's name, and Grantor hereby irrevocably appoints Lender as agent and attorney-in-fact, coupled with an interest, for the purpose of executing such control agreement on Grantor’s 's behalf; (E5) exercise any and all rights of Lender under any such control agreement or power of attorney; (F6) exercise any voting, conversion, registration, purchase, option, or other rights with respect to any Collateral; (G7) collect, with or without legal action, and issue receipts concerning any notes, checks, drafts, remittances or distributions that are paid or payable with respect to any Collateral consisting of Investment Propertyinvestment property. Any control agreement entered with respect to any Investment Property investment property shall contain the following provisions:, at Lender's discretion. Lender shall be authorized to instruct the issuer, broker or other securities intermediary to take or to refrain from taking such actions with respect to the investment property as Lender may instruct, without further notice to or consent by Grantor. Such actions may include without limitation the issuance of entitlement orders, account instructions, general trading or buy or sell orders, transfer and redemption orders, and stop loss orders. Lender shall be further entitled to instruct the issuer, broker or securities intermediary to sell or to liquidate any investment property, or to pay the cash surrender or account termination value with respect to any and all investment property, and to deliver all such payments and liquidation proceeds to Lender. Any such control agreement shall contain such authorizations as are necessary to place Lender in "control" of such investment collateral, as contemplated under the provisions of the Uniform Commercial Code, and shall fully authorize Lender to issue "entitlement orders" concerning the transfer, redemption, liquidation or disposition of investment collateral, in conformance with the provisions of the Uniform Commercial Code. COMMERCIAL PLEDGE AND SECURITY AGREEMENT

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender Lxxxxx is unable unable, or believes it Lxxxxx is unable unable, to sell the securities in an open market transaction, Grantor agrees that (A) Lender will have no obligation to delay sale until the securities can be registered, and (B) . Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are “"restricted securities” " as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state “"Blue Sky” " laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor Gxxxxxx agrees that neither Grantor, nor any member of Grantor’s 's family, nor any other person signing this Agreement will sell or dispose of any securities of such Issuer issuer without obtaining Lender’s Lxxxxx's prior written consent. Rights and Remedies with Respect to Investment Property, Financial Assets and Related Collateral. In addition to other rights and remedies granted under this Agreement and under applicable law, Lender may exercise any or all of the following rights and remedies: (A1) register with any issuer or broker or other securities intermediary any of the Collateral consisting of investment property or financial assets (collectivelycollectively herein, “Investment Property”"investment property") in Lender’s 's sole name or in the name of Lender’s Lxxxxx's broker, agent or nominee; (B2) cause any issuer, broker or other securities intermediary to deliver to Lender any of the Collateral consisting of securities securities, or Investment Property investment property capable of being delivered; (C3) enter into a control agreement or power of attorney with any issuer or securities intermediary with respect to any Collateral consisting of investment property, on such terms as Lender may deem appropriate, in its sole discretion, including without limitation, an agreement granting to Lender any of the rights provided hereunder without further notice to or consent by Grantor; (D4) execute any such control agreement on Grantor’s 's behalf and in Grantor’s 's name, and Grantor hereby irrevocably appoints Lender Lxxxxx as agent and attorney-in-fact, coupled with an interest, for the purpose of executing such control agreement on Grantor’s 's behalf; (E5) exercise any and all rights of Lender under any such control agreement or power of attorney; (F6) exercise any voting, conversion, registration, purchase, option, or other rights with respect to any Collateral; (G7) collect, with or without legal action, and issue receipts concerning any notes, checks, drafts, remittances or distributions that are paid or payable with respect to any Collateral consisting of Investment Propertyinvestment property. Any control agreement entered with respect to any Investment Property investment property shall contain the following provisions:, at Lxxxxx's discretion. Lender shall be authorized to instruct the issuer, broker or other securities intermediary to take or to refrain from taking such actions with respect to the investment property as Lender may instruct, without further notice to or consent by Grantor. Such actions may include without limitation the issuance of entitlement orders, account instructions, general trading or buy or sell orders, transfer and redemption orders, and stop loss orders. Lender shall be further entitled to instruct the issuer, broker or securities intermediary to sell or to liquidate any investment property, or to pay the cash surrender or account termination value with respect to any and all investment property, and to deliver all such payments and liquidation proceeds to Lender. Any such control agreement shall contain such authorizations as are necessary to place Lender in "control" of such investment collateral, as contemplated under the provisions of the Uniform Commercial Code, and shall fully authorize Lender to issue "entitlement orders" concerning the transfer, redemption, liquidation or disposition of investment collateral, in conformance with the provisions of the Uniform Commercial Code.

Sell Securities. Sell Lender may sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws, notwithstanding any other provision of this or any other agreement. If, because of restrictions under such laws, Lender is unable or believes it is unable to sell the securities in an open market transaction, Grantor agrees that (Aa) Lender will shall have no obligation to delay sale until the securities can be registered, and (Bb) Lender may make a private sale to one a single person or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such , and (c) such a sale will shall be considered commercially reasonable. If any securities held as Collateral are “"restricted securities” " as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state “"Blue Sky” " laws, or if Grantor Grantor, or any other owner of the Collateral them (if more than one), is an affiliate of the issuer of the securities, Grantor agrees that Grantor will neither Grantor, sell nor any member of Grantor’s family, nor any other person signing this Agreement will sell or dispose of any securities of such Issuer issuer without obtaining Lender’s 's prior written consent. Rights and Remedies with Respect to Investment Property, Financial Assets and Related TRANSFER TITLE. Lender may effect transfer of title upon sale of all or part of the Collateral. In addition For this purpose, Grantor irrevocably appoints Lender as its attorney- in-fact to other rights execute endorsements, assignments and remedies granted under this Agreement and under applicable law, Lender may exercise any or all of the following rights and remedies: (A) register with any issuer or broker or other securities intermediary any of the Collateral consisting of investment property or financial assets (collectively, “Investment Property”) in Lender’s sole name or instruments in the name of Lender’s broker, agent Grantor and each of them (if more than one) as shall be necessary or nominee; (B) cause reasonable. APPLICATION OF PROCEEDS. Lender may apply any issuer, broker or other securities intermediary to deliver to Lender any cash which is part of the Collateral consisting Collateral, or which is received from the collection or sale of the Collateral, to (a) reimbursement of any expenses, including any costs of any securities registration, commissions incurred in connection with a sale, attorney fees as provided below and court costs, whether or Investment Property capable not there is a lawsuit and including any fees on appeal, incurred by Lender in connection with the collection and sale of being delivered; such Collateral, and (Cb) enter into a control agreement or power to the payment of attorney the indebtedness of Grantor to Lender, with any issuer or securities intermediary with respect excess funds to any Collateral consisting be paid to Grantor as the interests of investment property, on such terms as Lender Grantor may deem appropriate, in its sole discretion, including without limitation, an agreement granting to Lender any of the rights provided hereunder without further notice to or consent by Grantor; (D) execute any such control agreement on Grantor’s behalf and in Grantor’s name, and Grantor hereby irrevocably appoints Lender as agent and attorney-in-fact, coupled with an interest, for the purpose of executing such control agreement on Grantor’s behalf; (E) exercise any and all rights of Lender under any such control agreement or power of attorney; (F) exercise any voting, conversion, registration, purchase, option, or other rights with respect to any Collateral; (G) collect, with or without legal action, and issue receipts concerning any notes, checks, drafts, remittances or distributions that are paid or payable with respect to any Collateral consisting of Investment Property. Any control agreement entered with respect to any Investment Property shall contain the following provisions:appear.

Sell Securities. Sell any securities included in Included In the Collateral in In a manner consistent with applicable federal and state securities laws, notwithstanding any other provision of this or any other agreement. If, because of restrictions under such laws, Lender is unable Is or believes it is It Is unable to sell the securities in In an open market transaction, Grantor agrees that (A) Lender will shall have no obligation to delay sale until the securities can be registered, and (B) Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in In a price that is Is less favorable than might be obtained in In an open market transaction. Such , and such a sale will shall be considered commercially reasonable. If any securities held as Collateral are “"restricted securities” " as defined in In the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state “"Blue Sky” " laws, or if If Borrower or Grantor or any other owner of the Collateral is Is an affiliate of the issuer Issuer of the securities, Borrower and Grantor agrees agree that neither Grantor, Grantor nor any member agent of Grantor’s family, nor any other person signing this Agreement Grantor will sell or dispose of any securities of such Issuer without obtaining Lender’s 's prior written consent. Foreclosure. Maintain a judicial suit for foreclosure and sale of the Collateral. Transfer Title. Effect transfer of title Upon sale of all or part of the Collateral. For this purpose, Grantor Irrevocably appoints Lender as Its attorney-In-fact to execute endorsements, assignments and Instruments In the name of Grantor and each of them (if more than one) as shall be necessary or reasonable. Other Rights and Remedies with Respect to Investment Property, Financial Assets Remedies. Have and Related Collateral. In addition to other rights and remedies granted under this Agreement and under applicable law, Lender may exercise any or all of the following rights and remedies: (A) register remedies of a secured creditor under the provisions of the Uniform Commercial Code, at law, in equity, or otherwise. Application of Proceeds. Apply any cash which Is part of the Collateral, or which Is received from the collection or sale of the Collateral, to reimbursement of any expenses, including any costs for registration of securities, commissions incurred in connection with a sale, attorney fees as provided below, and court costs, whether or not there is a lawsuit and including any fees on appeal, incurred by Lender in connection with the collection and sale of such Collateral and to the payment of the indebtedness of Borrower to Lender, with any issuer or broker or other securities intermediary excess funds to be paid to Grantor as the interests of Grantor may appear. Borrower agrees, to the extent permitted by law, to pay any deficiency after application of the proceeds of the Collateral consisting of investment property or financial assets (collectively, “Investment Property”) in Lender’s sole name or in to the name of Lender’s broker, agent or nominee; (B) cause any issuer, broker or other securities intermediary to deliver to Lender any of the Collateral consisting of securities or Investment Property capable of being delivered; (C) enter into a control agreement or power of attorney with any issuer or securities intermediary with respect to any Collateral consisting of investment property, on such terms as Lender may deem appropriate, in its sole discretion, including without limitation, an agreement granting to Lender any of the rights provided hereunder without further notice to or consent by Grantor; (D) execute any such control agreement on Grantor’s behalf and in Grantor’s name, and Grantor hereby irrevocably appoints Lender as agent and attorney-in-fact, coupled with an interest, for the purpose of executing such control agreement on Grantor’s behalf; (E) exercise any and all rights of Lender under any such control agreement or power of attorney; (F) exercise any voting, conversion, registration, purchase, option, or other rights with respect to any Collateral; (G) collect, with or without legal action, and issue receipts concerning any notes, checks, drafts, remittances or distributions that are paid or payable with respect to any Collateral consisting of Investment Property. Any control agreement entered with respect to any Investment Property shall contain the following provisions:indebtedness.

Sell Securities. Sell any securities included in the Collateral in a manner consistent with applicable federal and state securities laws. If, because of restrictions under such laws, Lender Xxxxxx is unable unable, or believes it Xxxxxx is unable unable, to sell the securities in an open market transaction, Grantor COMMERCIAL PLEDGE AGREEMENT Loan No: 2187612 (Continued) Xxxxxxx agrees that (A) Lender Xxxxxx will have no obligation to delay sale until the securities can be registered, and (B) . Then Lender may make a private sale to one or more persons or to a restricted group of persons, even though such sale may result in a price that is less favorable than might be obtained in an open market transaction. Such a sale will be considered commercially reasonable. If any securities held as Collateral are “restricted securities” as defined in the Rules of the Securities and Exchange Commission (such as Regulation D or Rule 144) or the rules of state securities departments under state “Blue Sky” laws, or if Grantor or any other owner of the Collateral is an affiliate of the issuer of the securities, Grantor agrees that neither Grantor, nor any member of Grantor’s 's family, nor any other person signing this Agreement will sell or dispose of any securities of such Issuer issuer without obtaining Lender’s Xxxxxx's prior written consent. Rights and Remedies with Respect to Investment Property, Financial Assets and Related Collateral. In addition to other rights and remedies granted under this Agreement and under applicable law, Lender may exercise any or all of the following rights and remedies: (A1) register with any issuer or broker or other securities intermediary any of the Collateral consisting of investment property or financial assets (collectivelycollectively herein, “Investment Propertyinvestment property”) in Lender’s 's sole name or in the name of Lender’s Xxxxxx's broker, agent or nominee; (B2) cause any issuer, broker or other securities intermediary to deliver to Lender any of the Collateral consisting of securities securities, or Investment Property investment property capable of being delivered; (C3) enter into a control agreement or power of attorney with any issuer or securities intermediary with respect to any Collateral consisting of investment property, on such terms as Lender may deem appropriate, in its sole discretion, including without limitation, an agreement granting to Lender any of the rights provided hereunder without further notice to or consent by Grantor; (D4) execute any such control agreement on Grantor’s 's behalf and in Grantor’s 's name, and Grantor hereby irrevocably appoints Lender Xxxxxx as agent and attorney-in-fact, coupled with an interest, for the purpose of executing such control agreement on Grantor’s behalf; (E5) exercise any and all rights of Lender under any such control agreement or power of attorney; (F6) exercise any voting, conversion, registration, purchase, option, or other rights with respect to any Collateral; (G7) collect, with or without legal action, and issue receipts concerning any notes, checks, drafts, remittances or distributions that are paid or payable with respect to any Collateral consisting of Investment Propertyinvestment property. Any control agreement entered with respect to any Investment Property investment property shall contain the following provisions:, at Xxxxxx’s discretion. Lender shall be authorized to instruct the issuer, broker or other securities intermediary to take or to refrain from taking such actions with respect to the investment property as Lender may instruct, without further notice to or consent by Grantor. Such actions may include without limitation the issuance of entitlement orders, account instructions, general trading or buy or sell orders, transfer and redemption orders, and stop loss orders. Lender shall be further entitled to instruct the issuer, broker or securities intermediary to sell or to liquidate any investment property, or to pay the cash surrender or account termination value with respect to any and all investment property, and to deliver all such payments and liquidation proceeds to Lender. Any such control agreement shall contain such authorizations as are necessary to place Lender in “control” of such investment collateral, as contemplated under the provisions of the Uniform Commercial Code, and shall fully authorize Lender to issue “entitlement orders” concerning the transfer, redemption, liquidation or disposition of investment collateral, in conformance with the provisions of the Uniform Commercial Code.