Common use of Delivery of Stock Power to Secured Parties Clause in Contracts

Delivery of Stock Power to Secured Parties. Pledgor shall deliver to the Pledgeholder, for the benefit of the Secured Parties, concurrently with the execution of this Agreement, the Pledged Shares in certificated form and split into separate certificates representing the share numbers set forth in Section 1(e) below, along with an Assignment of Corporate Shares in the form of Exhibit "2" attached hereto and incorporated herein by this reference ("Stock Assignment"), signed by Pledgor, in blank, for each certificate, such Stock Assignment to be used by the Pledgeholder for the benefit of the Secured Parties in accordance with the terms of this Agreement.