Common use of Delivery of Certificates and Instruments Clause in Contracts

Delivery of Certificates and Instruments. All certificates or instruments representing or evidencing the Partnership Interests shall be delivered to and held by or on behalf of the Collateral Agent pursuant hereto and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to the Collateral Agent. The Collateral Agent shall have the right, at any time following the occurrence and during the continuation of an Event of Default, without notice to the Pledgor, to transfer to or to register in its name or in the name of any of its nominees any or all of the Partnership Interests. In addition, the Collateral Agent shall have the right at any time to exchange certificates or instruments representing or evidencing any of the Partnership Interests for certificates or instruments of smaller or larger denominations.

Delivery of Certificates and Instruments. All certificates or instruments at any time representing or evidencing the Partnership Interests any Collateral shall be immediately delivered to and held by or on behalf of the Collateral Agent pursuant hereto hereto, and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment assignment, duly executed in blank, all in form and substance satisfactory to the Collateral Agent. The Collateral Agent shall have the right, at any time following the occurrence in its discretion and during the continuation of an Event of Default, without notice to the PledgorGrantor, to transfer to or to register in its name or in the name of the Collateral Agent or its nominee any of its nominees any or all of the Partnership InterestsCollateral in registered form. In addition, the Collateral Agent shall have the right at any time to exchange certificates or instruments representing or evidencing any of the Partnership Interests Collateral for certificates or instruments of smaller or larger denominations.