Common use of Control of Collateral Clause in Contracts

Control of Collateral. Pledgor shall promptly deliver to Pledgee any and all Certificated Securities comprising all or any portion of the Collateral for Pledgee to hold pursuant to the terms hereof, and if such Certificated Securities are in Registered Form, (i) such Certificated Securities shall be endorsed in blank by an effective undated Endorsement, in form and substance satisfactory to Pledgee in its sole and absolute discretion, or (ii) Pledgor shall cause the Company or the Company's transfer agent to transfer such Securities into the name of Pledgee and issue a replacement Security Certificate evidencing the same in the name of Pledgee. In the event that all or any portion of the Collateral consists of Uncertificated Securities, Pledgor shall cause the Company to enter into a control agreement with respect to such Uncertificated Securities, in form and substance satisfactory to Pledgee in its sole and absolute discretion.

Control of Collateral. Pledgor shall promptly deliver to Pledgee any and all Certificated Securities comprising all or any portion of the Collateral for Pledgee to hold pursuant to the terms hereof, and if such Certificated Securities are in Registered Form, (i) such Certificated Securities shall be endorsed in blank by an effective undated Endorsement, in form and substance satisfactory to Pledgee in its sole and absolute discretion, or (ii) Pledgor shall cause the Company or the Company's ’s transfer agent to transfer such Securities into the name of Pledgee and issue a replacement Security Certificate evidencing the same in the name of Pledgee. In the event that all or any portion of the Collateral consists of Uncertificated Securities, Pledgor shall cause the Company to enter into a control agreement with respect to such Uncertificated Securities, in form and substance satisfactory to Pledgee in its sole and absolute discretion.