Common use of Pledged Stock; Stock Powers Clause in Contracts

Pledged Stock; Stock Powers. The Agent shall have received the certificates representing the shares pledged pursuant to each of the Pledge Agreements, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof (or, in the case of the Foreign Subsidiaries, the applicable action required to perfect the Agent's pledge shall have been taken).

Appears in 2 contracts

Sources: Senior Secured Credit Agreement (Gencor Industries Inc), Credit Agreement (Gencor Industries Inc)

Pledged Stock; Stock Powers. The Agent shall have received the certificates representing the shares pledged pursuant to each of the Stock Pledge Agreements, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof (or, in the case of the Foreign Subsidiaries, the applicable action required to perfect the Agent's pledge shall have been taken)thereof.

Appears in 2 contracts

Sources: Term Loan Agreement (Infocrossing Inc), Acquisition Loan Agreement (Infocrossing Inc)

Pledged Stock; Stock Powers. The Agent shall have received the certificates representing the shares pledged pursuant to each of the Holdings Pledge AgreementsAgreement and the Borrower Pledge Agreement, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of Holdings or the pledgor thereof (orBorrower, in as the case may be, each endorsed in blank by a duly authorized officer of Holdings or the Foreign SubsidiariesBorrower, as the applicable action required to perfect the Agent's pledge shall have been taken)case may be.

Appears in 1 contract

Sources: Revolving Credit Agreement (Camelot Music Holdings Inc)

Pledged Stock; Stock Powers. The Agent shall have received the certificates representing the shares of capital stock pledged pursuant to each of the US Security Agreement and the Mexican Stock Pledge AgreementsAgreement, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof (or, in the case of the Foreign Subsidiaries, the applicable action required to perfect the Agent's pledge shall have been taken)thereof.

Appears in 1 contract

Sources: Credit Agreement (General Motors Corp)