Common use of DEPOSIT OF SHARE CERTIFICATES Clause in Contracts

DEPOSIT OF SHARE CERTIFICATES. Immediately upon execution of this Charge and as a condition to the initial disbursement under the Loan Agreement, DesalCo shall deposit with the Secured Party all share certificates and other documents of title relating to the Initially Charged Shares together with stock transfer forms in respect of the Initially Charged Shares duly executed in blank by or on behalf of DesalCo.

Appears in 2 contracts

Sources: Equitable Charge of Shares (Consolidated Water Co LTD), Equitable Charge of Shares (Consolidated Water Co LTD)