Common use of Certificated Securities (Stock Powers) Clause in Contracts

Certificated Securities (Stock Powers). Each Grantor agrees that all Pledged Shares that are Certificated Securities (and all other certificated shares of Equity Interests constituting Collateral) delivered by such Grantor pursuant to this Security Agreement will be accompanied by undated stock powers duly executed in blank, or other equivalent instruments of transfer reasonably acceptable to the Collateral Agent. Subject to the terms of the Intercreditor Agreement, each Grantor will, from time to time upon the reasonable request of the Collateral Agent, promptly deliver to the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor Agreement) such stock powers, instruments and similar documents, reasonably satisfactory in form and substance to the Collateral Agent, with respect to the Collateral as the Collateral Agent may reasonably request and will, from time to time upon the request of the Collateral Agent during the occurrence and continuance of any Event of Default and subject to the Intercreditor Agreement, promptly transfer any Pledged Shares, Pledged Interests or other shares of Equity Interests constituting Collateral into the name of any nominee designated by the Collateral Agent.