Common use of Delivery of Certificates and Instruments Clause in Contracts

Delivery of Certificates and Instruments. The Pledgors shall deliver to the Pledgee: (a) the original certificates or other instruments or documents evidencing the Pledged Units concurrently with the execution and delivery of this Agreement, and (b) the original certificates or other instruments or documents evidencing all other Collateral (except for Collateral which this Agreement specifically permits the Pledgors to retain) within ten (10) days after Pledgor’s receipt thereof. All Collateral which is certificated securities shall be, if in registered form, issued in the name of the Pledgee or endorsed to the Pledgee or in blank. The Pledgor shall also deliver to the Pledgee an instrument of transfer or assignment, covering the original certificates, instruments or other documents so delivered to Pledgee that evidence the Pledged Units, which instrument of assignment or transfer shall be duly executed in blank by the Pledgor.

Delivery of Certificates and Instruments. The Pledgors shall deliver to the Pledgee: (a) the original certificates or other instruments or documents evidencing the Pledged Units concurrently with the execution and delivery of this Agreement, and (b) the original certificates or other instruments or documents evidencing all other Collateral (except for Collateral which this Agreement specifically permits the Pledgors to retain) within ten (10) days after a Pledgor’s 's receipt thereof. All Collateral (whether delivered to Pledgee concurrently with the execution and delivery of this Agreement or subsequent thereto) which is consists of certificated securities shall bebe in bearer form or, if in registered form, shall be issued in the name of the Pledgee or endorsed to the Pledgee or in blank. The Pledgor shall also deliver to the Pledgee an instrument blank or accompanied by stock power or other appropriate instruments of transfer or assignment, covering the original certificates, instruments or other documents so delivered to in favor of Pledgee that evidence the Pledged Units, which instrument of assignment or transfer shall be duly executed in blank by the Pledgorblank.