Common use of DEPOSIT OF SHARE CERTIFICATES Clause in Contracts

DEPOSIT OF SHARE CERTIFICATES. 4.1 Deposit of Certificates The Chargor shall, as soon as reasonably practicable: (a) deposit with the Administrative Agent (or as the Administrative Agent may direct) all bearer instruments, share certificates and other documents of title or evidence of ownership in relation to the Security Assets as are owned by it or in which it has or acquires an interest which entitles it to control such documents; (b) execute and deliver to the Administrative Agent all such stock transfer forms and other documents as may be reasonably requested by the Administrative Agent in order to enable the Administrative Agent (or its nominee) in accordance with paragraph (c) below to be registered as the owner or otherwise to obtain a legal title to the Security Assets; and (c) at any time following the occurrence of an Event of Default which is continuing, if the Administrative Agent so requests, procure that all such stock transfer forms are forthwith registered by the relevant person and that share certificates in the name of the Administrative Agent (or such nominee) in respect of the Shares and their Related Rights are forthwith delivered to the Administrative Agent.