Delivery of Instruments and Certificated Securities Sample Clauses
The "Delivery of Instruments and Certificated Securities" clause sets out the requirements and procedures for transferring physical documents or certificates that represent ownership of financial instruments, such as stock certificates or promissory notes. Typically, this clause specifies how and when these documents must be delivered, who is responsible for their safekeeping, and any endorsements or assignments needed to effectuate the transfer. Its core function is to ensure that the legal and beneficial ownership of the relevant securities or instruments is properly and securely transferred, minimizing the risk of disputes or loss during the transaction process.
Delivery of Instruments and Certificated Securities. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Certificated Security, such Instrument or Certificated Security shall be immediately delivered to the Collateral Agent, duly indorsed in a manner satisfactory to the Collateral Agent, to be held as Collateral pursuant to this Agreement.
Delivery of Instruments and Certificated Securities. If any amount in excess of $100,000 payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Certificated Security, such Instrument or Certificated Security shall, to the extent permitted under applicable Law, be promptly delivered to the Administrative Agent, duly indorsed in a manner satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement.
Delivery of Instruments and Certificated Securities. Except for any Excluded Assets, if any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Certificated Security, such Instrument or Certificated Security shall be promptly (but in any event within 10 Business Days after receipt thereof by such Grantor) delivered to the Collateral Agent, duly indorsed in a manner satisfactory to the Collateral Agent, to be held as Collateral pursuant to this Agreement.
Delivery of Instruments and Certificated Securities. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Certificated Security, such Instrument or Certificated Security, in the case of Instruments, in an amount in excess of $5,000,000, shall be delivered to the Collateral Agent, duly indorsed to the Collateral Agent, to be held as Collateral pursuant to this Agreement provided that notwithstanding anything to the contrary herein, no actions will be required with respect to promissory notes that are not executed by a wet-ink signature thereto, provided, further that, each promissory note entered into in favor of a Grantor from and after the Closing Date in an amount in excess of $5,000,000 shall be executed in wet-ink.
Delivery of Instruments and Certificated Securities. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Certificated Security, such Instrument or Certificated Security issued to such Pledgor shall be immediately delivered to the Administrative Agent, duly indorsed in a manner satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement.
Delivery of Instruments and Certificated Securities. All certificates, agreements or instruments representing or evidencing the Collateral, to the extent not previously or simultaneously delivered to the Secured Party, shall immediately upon receipt thereof by any Debtor be delivered by such Debtor to and held by or on behalf of the Secured Party. All certificated Collateral 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 Secured Party. The Secured Party shall have the right, at any time upon the occurrence and during the continuance of any Event of Default, to endorse, assign or otherwise transfer or endorse for negotiation any or all of such Collateral, without any indication that such Collateral is subject to the security interest hereunder. In addition, the Secured Party shall have the right at any time to exchange certificates representing or evidencing Collateral for certificates of smaller or larger denominations.