Security Interests in Personal and Mixed Property. Administrative Agent shall have received evidence satisfactory to it that Loan Parties shall have taken or caused to be taken all such actions, executed and delivered or caused to be executed and delivered all such agreements, documents and instruments, and made or caused to be made all such filings and recordings (other than the filing or recording of items described in clauses (ii) and (iii) below) that Administrative Agent may reasonably request in order to evidence, in favor of Collateral Agent, for the benefit of Secured Parties, a valid and perfected security interest in the entire personal and mixed property Collateral, with the priority set forth in the Collateral Documents (it being understood that such actions by CEA shall relate solely to its pledge of the common stock of Company). Such actions shall include the following: (i) Stock Certificates and Instruments. Delivery to Collateral Agent of (a) certificates (which certificates shall be accompanied by irrevocable undated stock powers, duly endorsed in blank and otherwise satisfactory in form and substance to Collateral Agent) representing all capital stock included in the Collateral and (b) all promissory notes or other instruments (duly endorsed, where appropriate, in a manner satisfactory to Collateral Agent) evidencing any Collateral;
Appears in 2 contracts
Sources: Credit Agreement (Danielson Holding Corp), Credit Agreement (Covanta Energy Corp)
Security Interests in Personal and Mixed Property. Administrative Agent shall have received evidence satisfactory to it that Loan Parties Holdings and Company shall have taken or caused to be taken all such actions, executed and delivered or caused to be executed and delivered all such agreements, documents and instruments, and made or caused to be made all such filings and recordings (other than the filing or recording of items described in clauses (ii), (iii) and (iiiv) below) that Administrative Agent may reasonably request be necessary or, in the opinion of Agent, desirable in order to evidence, create in favor of Collateral Agent, for the benefit of Secured PartiesLenders, a valid and (upon such filing and recording) perfected first priority security interest as of such date in the entire personal and mixed property Collateral, with the priority set forth in the Collateral Documents (it being understood that such actions by CEA shall relate solely to its pledge of the common stock of Holdings and Company). Such actions shall include include, without limitation, the following:
(i) Stock Certificates and InstrumentsSTOCK CERTIFICATES AND INSTRUMENTS. Delivery to Collateral Agent of (a) certificates (which certificates shall be registered in the name of Agent or properly endorsed in blank for transfer or accompanied by irrevocable undated stock powers, powers duly endorsed in blank and otherwise satisfactory blank, all in form and substance satisfactory to Collateral Agent) representing all the capital stock included in pledged pursuant to the Collateral Security Agreements and (b) all promissory notes or other instruments (duly endorsed, where appropriate, in a manner satisfactory to Collateral Agent) evidencing any Collateral;.
Appears in 1 contract
Sources: Multicurrency Credit Agreement (Goss Graphic Systems Inc)
Security Interests in Personal and Mixed Property. To the extent not otherwise satisfied pursuant to subsection 4.1M, Administrative Agent and Documentation Agent shall have received evidence satisfactory to it that each Loan Parties Party shall have taken or caused to be taken all such actions, executed and delivered or caused to be executed and delivered all such agreements, documents and instruments, and made or caused to be made all such filings and recordings (other than the filing or recording of items described in clauses (ii), (iii) and (iiiiv) below) that may be necessary or, in the opinion of Administrative Agent may reasonably request or Documentation Agent, desirable in order to evidence, create in favor of Collateral Administrative Agent, for the benefit of Secured PartiesLenders, a valid and (upon such filing and recording) perfected security interest in substantially of all of the entire their real, personal and or mixed property Collateral, with the priority set forth (other than in the case of Holding Co., the Capital Stock of any Unrestricted Subsidiary), consisting of a Second Priority security interests in the Revolver Primary Collateral Documents (it being understood that such actions by CEA shall relate solely to its pledge and First Priority security interest in all of the common stock of Company)Term Primary Collateral and Shared Collateral. Such actions shall include the following:
(i) Stock Certificates and Instruments. Delivery to Collateral Administrative Agent of (a) certificates (which certificates shall be accompanied by irrevocable undated stock powers, duly endorsed in blank and otherwise satisfactory in form and substance to Collateral Administrative Agent) representing all capital stock included in Capital Stock pledged pursuant to the Collateral Security Agreement and (b) all promissory notes or other instruments (duly endorsed, where appropriate, in a manner satisfactory to Collateral Administrative Agent) evidencing any Collateral;
Appears in 1 contract