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

Certificated Securities (Stock Powers). Grantor agrees that all Certificated Securities constituting Collateral) delivered by Grantor pursuant to this Pledge Agreement will be accompanied by duly endorsed undated blank stock powers, with Medallion program signature guaranties, or other equivalent instruments of transfer acceptable to Buyer. Grantor will, from time to time upon the request of Buyer, promptly deliver to Buyer such stock powers, instruments and similar documents, satisfactory in form and substance to Buyer, with respect to the Collateral as Buyer may reasonably request. Upon the occurrence of an Event of Default, Buyer will have the right, without notice to Grantor, to transfer all or any portion of the Collateral to its name or the name of its nominee or agent solely for the purpose of enforcing its rights set forth in this Agreement.

Certificated Securities (Stock Powers). Grantor agrees that all Certificated Securities constituting Collateral) delivered by Grantor pursuant to this Pledge Agreement will be accompanied by duly endorsed undated blank stock powers, with Medallion program signature guaranties, or other equivalent instruments of transfer acceptable to BuyerHolder. Grantor will, from time to time upon the request of BuyerHolder, promptly deliver to Buyer Holder such stock powers, instruments and similar documents, satisfactory in form and substance to BuyerHolder, with respect to the Collateral as Buyer Holder may reasonably request. Upon the occurrence of an Event of Default, Buyer Holder will have the right, without notice to Grantor, to transfer all or any portion of the Collateral to its name or the name of its nominee or agent solely for the purpose of enforcing its rights set forth in this Agreement.