DELIVERY AND MAINTENANCE OF PLEDGED COLLATERAL Sample Clauses

DELIVERY AND MAINTENANCE OF PLEDGED COLLATERAL. The Borrower and each Subsidiary Guarantor will deliver to the Agent all certificates representing or evidencing any Pledged Collateral (including Additional Pledged Collateral), whether now arising or hereafter acquired, in suitable form for transfer by delivery or, as applicable, accompanied by the Borrower's or such Subsidiary Guarantor's endorsement, where necessary, or duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to the Agent, together, in respect of any such Pledged Collateral, with a Pledge and Security Agreement, duly executed and substantially in the form of Exhibit C, or such other documentation acceptable to the Agent. The Agent shall have the right, at any time after an Event of Default in its discretion and without notice to the Borrower or any Subsidiary Guarantor, to transfer to or to register in its name or in the name of its nominees any or all of the Pledged Collateral.
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DELIVERY AND MAINTENANCE OF PLEDGED COLLATERAL. FOLLOWING THE FINAL POST-CONSTRUCTION TERM COMMENCEMENT DATE 4.1 DELIVERY OF FUNDS BY PLEDGOR. Prior to 12:00 noon, New York City time, on the Final Post-Construction Term Commencement Date, the Pledgor shall be obligated to deliver to the Collateral Agent immediately available funds in substitution for the Pledged Collateral held by the Depositary Banks at that time in U.S. Dollars to be held in the Deposit Accounts and evidenced by Pledged CDs in an amount, if any, required to establish or maintain the Value of the Pledged Collateral at a level equal to 100% of the aggregate outstanding Advances less the amount of any Losses described in Section 5.8. The delivery of the Cash Collateral referred to in this Section 4.1 is referred to in this Agreement as the "DELIVERY OF CASH COLLATERAL."
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DELIVERY AND MAINTENANCE OF PLEDGED COLLATERAL. The Borrower and each Subsidiary Guarantor will (i) deliver to the Administrative Agent, all certificates or Instruments representing or evidencing any Pledged Collateral (including Additional Pledged Collateral), whether now arising or hereafter acquired, in suitable form for transfer by delivery or, as applicable, accompanied by the Borrower's or such Subsidiary Guarantor's endorsement, where necessary, or duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to the Administrative Agent, together, in respect of any such Pledged Collateral, with a Pledge and Security Agreement, duly executed by (a) the Borrower, substantially in the form of Exhibit D-1, and (b) each Subsidiary Guarantor, substantially in the form of Exhibit D-2 or such other documentation acceptable to the Administrative Agent and (ii) maintain all other Pledged Collateral constituting Investment Property in a Control Account. The Administrative Agent shall have the right, at any time in its discretion and without notice to the Borrower or any Subsidiary Guarantor, to transfer to or to register in its name or in the name of its nominees any or all of the Pledged Collateral. The Administrative Agent shall have the right at any time to exchange certificates or instruments representing or evidencing any of the Pledged Collateral for certificates or instruments of smaller or larger denominations.
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Related to DELIVERY AND MAINTENANCE OF PLEDGED COLLATERAL

  • Delivery of Pledged Collateral All certificates and all promissory notes and instruments evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Agent, for itself and the benefit of Lenders, pursuant hereto. All Pledged Shares shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Agent and all promissory notes or other instruments evidencing the Pledged Indebtedness shall be endorsed by Pledgor.

  • Release of Pledged Collateral The Administrative Agent may release any of the Pledged Collateral from this Pledge Agreement or may substitute any of the Pledged Collateral for other Pledged Collateral without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Pledge Agreement as to any Pledged Collateral not expressly released or substituted, and this Pledge Agreement shall continue as a first priority lien on all Pledged Collateral not expressly released or substituted.

  • Retention of Pledged Collateral In addition to the rights and remedies hereunder, upon the occurrence of an Event of Default and during the continuation thereof, the Administrative Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC (or any successor sections of the UCC) or otherwise complying with the notice requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Pledged Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have provided such notices, however, the Administrative Agent shall not be deemed to have retained any Pledged Collateral in satisfaction of any Secured Obligations for any reason.

  • Sale of Pledged Collateral Upon the occurrence of an Event of Default and during the continuation thereof, without limiting the generality of this Section and without notice, the Administrative Agent may, in its sole discretion, sell or otherwise dispose of or realize upon the Pledged Collateral, or any part thereof, in one or more parcels, at public or private sale, at any exchange or broker’s board or elsewhere, at such price or prices and on such other terms as the Administrative Agent may deem commercially reasonable, for cash, credit or for future delivery or otherwise in accordance with applicable law. To the extent permitted by law, any holder of the Secured Obligations may in such event bid for the purchase of such securities. Each Pledgor agrees that, to the extent notice of sale shall be required by law and has not been waived by such Pledgor, any requirement of reasonable notice shall be met if notice, specifying the place of any public sale or the time after which any private sale is to be made, is personally served on or mailed postage prepaid to such Pledgor in accordance with the notice provisions of Section 11.02 of the Credit Agreement at least ten (10) days before the time of such sale. The Administrative Agent shall not be obligated to make any sale of Pledged Collateral of such Pledgor regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned.

  • Maintenance of Collateral Borrower will maintain the Collateral in good working condition, and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Silicon in writing of any material loss or damage to the Collateral.