Common use of Registration of Pledged Collateral Clause in Contracts

Registration of Pledged Collateral. Upon the occurrence and during the continuation of an Event of Default, the Grantors will permit any registerable Pledged Collateral to be registered in the name of the Collateral Agent or its nominee, provided that, in no case shall the Pledged ULC Shares be registered in the name of the Collateral Agent other than upon 10 days' written notice from the Administrative Agent to the Grantor, as applicable (which notice has not been rescinded during such 10-day period).