Pledged Equity Interests; Pledged Notes. Except as otherwise agreed by the Administrative Agent or as specified under or pursuant to any Security Agreement, the Collateral Trustee, for the benefit of the Secured Parties, shall have received (i) the certificates (or share certificates (undated and duly endorsed in blank), in respect of any Equity Interests in a limited liability company incorporated in Sweden and a corporation incorporated in Switzerland) representing the Equity Interests pledged pursuant to the Security Agreements (if such Equity Interests are certificated) and outstanding on the Closing Date, together with an undated stock power for each such certificate or other instrument of transfer and bought and sold notes required to effect transfer of pledged Equity Interests, in each case, executed in blank by a duly authorized officer of the pledgor thereof and (ii) each promissory note required to be delivered by the Credit Parties pursuant to the Security Agreements endorsed in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof.
Appears in 3 contracts
Sources: Credit and Guaranty Agreement (Concordia International Corp.), Credit and Guaranty Agreement (Concordia International Corp.), Credit and Guaranty Agreement