Common use of Delivery of Pledged Collateral Clause in Contracts

Delivery of Pledged Collateral. All certificates or instruments representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Aames 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 Aames. Aames shall have the right, at any time in its discretion and without notice to the Pledgor, to transfer to or to have registered in the name of Aames or any of its nominees any or all of the Pledged Collateral, subject only to the revocable rights specified in Section 6(a). For the better perfection of Aames's rights in and to the Pledged Collateral, the Pledgor shall forthwith, upon the pledge of any Pledged Collateral hereunder, cause such Pledged Collateral to be registered in the name of Aames or such nominee or nominees of Aames as Aames shall direct, subject only to the revocable rights specified in Section 6(a). In addition, Aames shall have the right at any time to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations.

Appears in 13 contracts

Sources: Management Investment Agreement (Aames Financial Corp/De), Pledge Agreement (Aames Financial Corp/De), Preferred Stock Purchase Agreement (Capital Z Financial Services Fund Ii Lp)

Delivery of Pledged Collateral. All certificates or certificates, notes and other instruments representing or evidencing the Pledged Collateral Shares or the Pledged Debt and all other instruments now owned or at anytime hereafter acquired by the Grantor other than any Excluded Notes (collectively, the "Pledged Collateral") shall be delivered to and held by or on behalf of Aames the Agent pursuant hereto (except as otherwise provided in the last sentence of Section 4(f) hereof) and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment assignments in blank, all in form and substance satisfactory to Aamesthe Agent. Aames Upon the occurrence and during the continuance of an Event of Default, the Agent shall have the right, at any time in its discretion and without notice to the PledgorGrantor, to transfer to or to have registered register in the name of Aames the Agent or any nominee of its nominees the Agent any or all of the Pledged Collateral, subject only to the revocable rights specified in Section 6(a). For the better perfection of Aames's rights in and to the Pledged Collateral, the Pledgor shall forthwith, upon the pledge of any Pledged Collateral hereunder, cause such Pledged Collateral to be registered in the name of Aames or such nominee or nominees of Aames as Aames shall direct, subject only to the revocable rights specified in Section 6(a)8 hereof. In addition, Aames upon the occurrence and during the continuance of an Event of Default, the Agent shall have the right at any time to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations.

Appears in 2 contracts

Sources: Pledge Agreement (Anntaylor Inc), Credit Agreement (Anntaylor Inc)

Delivery of Pledged Collateral. All certificates or certificates, instruments ------------------------------ and other documents, if any, representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Aames the Lender 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 Aamesthe Lender. Aames All Pledged Collateral existing on the date hereof shall have be delivered to the Lender on or prior to the date hereof. Any Pledged Collateral in which the Pledgor obtains rights after the date hereof shall be pledged and delivered to the Lender hereunder within 5 Business Days of obtaining such rights. The Lender shall the right, at any time in its discretion and without notice to the Pledgor, to transfer to or to have registered register in the name of Aames the Lender or any of its nominees any or all of the Pledged Collateral, subject only to the revocable rights specified in Section 6(a). For the better perfection of Aames's rights in and to the Pledged Collateral, the Pledgor shall forthwith, upon the pledge of any Pledged Collateral hereunder, cause such Pledged Collateral to be registered in the name of Aames or such nominee or nominees of Aames as Aames shall direct, subject only to the revocable rights specified in Section 6(a5(a). In addition, Aames the Lender shall have the right at any time to exchange certificates certificates, instruments or instruments other documents, if any, representing or evidencing Pledged Collateral for certificates certificates, instruments or instruments other documents, if any, of smaller or larger denominations.

Appears in 1 contract

Sources: Pledge Agreement (Price David G)

Delivery of Pledged Collateral. All certificates or ------------------------------ instruments representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Aames the Lender 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 Aamesthe Lender. Aames The Lender shall have the right, at any time in its discretion and without notice to the Pledgor, to transfer to or to have registered register in the name of Aames the Lender or any of its nominees any or all of the Pledged Collateral, subject only to the revocable rights specified in Section 6(a). For the better perfection of Aamesthe Lender's rights in and to the Pledged Collateral, the Pledgor shall forthwith, upon the pledge of any Pledged Collateral hereunder, cause such Pledged Collateral to be registered in the name of Aames or such nominee or nominees of Aames the Lender as Aames the Lender shall direct, subject only to the revocable rights specified in Section 6(a). In addition, Aames the Lender shall have the right at any time to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations.

Appears in 1 contract

Sources: Pledge Agreement (Sulzer Medica Usa Holding Co)