Common use of Registration of Pledged Collateral Clause in Contracts

Registration of Pledged Collateral. Borrower will permit any registerable Pledged Collateral owned by it to be registered in the name of the Collateral Agent or its nominee at any time at the option of the Majority Holders after the occurrence and during the continuation of an Event of Default.

Appears in 1 contract

Sources: Pledge and Security Agreement (Elio Motors, Inc.)

Registration of Pledged Collateral. The Borrower will permit any registerable Pledged Collateral owned by it to be registered in the name of the Collateral Agent Lender or its nominee at any time at the option of the Majority Holders after the occurrence and during the continuation of an Event of DefaultLender’s option.

Appears in 1 contract

Sources: Pledge and Security Agreement (Macquarie CNL Global Income Trust, Inc.)