Transfer Powers Sample Clauses
The Transfer Powers clause defines the authority and procedures by which rights, obligations, or interests under an agreement may be assigned or transferred from one party to another. Typically, this clause outlines whether such transfers require prior written consent, are subject to certain conditions, or are restricted entirely, and may specify exceptions such as transfers to affiliates or in connection with a merger. Its core practical function is to control and clarify the circumstances under which contractual positions can change hands, thereby protecting parties from unwanted or unauthorized assignments and ensuring stability in contractual relationships.
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Transfer Powers. If at any time any equity interest in any Issuer is evidenced by a certificate or other written instrument or document (a “certificate”), the Pledgors shall immediately deliver such certificate to Collateral Agent and, concurrently with the delivery of each certificate by the Pledgors, the Pledgors shall deliver an undated transfer power covering such certificate, duly executed in blank with signature guaranteed, in the form attached hereto in Schedule 2 or such other form as reasonably acceptable to Collateral Agent to be held as part of the Collateral pursuant hereto.
Transfer Powers. Concurrently with the delivery to the Administrative Agent of each certificate representing one or more shares of the Pledged Stock, Pledged LLC Interest or Pledged Partnership Interest which is a Security, each Pledgor shall deliver an undated stock power or transfer power covering such certificate, duly executed in blank with, if the Administrative Agent so requests, signature guaranteed.
Transfer Powers. Seller shall have executed and delivered to Purchaser on or prior to the Closing Date assignments and other instruments of conveyance sufficient to convey and set over to Purchaser the LLC Interests, as required pursuant to this Agreement.
Transfer Powers. Any Transfer Powers delivered in connection with this Pledge Agreement are duly executed and give the Administrative Agent the authority they purport to confer.
Transfer Powers. Concurrently with the delivery to the Collateral Agent of each Pledged Certificate and each certificate representing one or more shares of Pledged Stock to the Collateral Agent, the Pledgor shall deliver an undated transfer power covering each such certificate, duly executed in blank by the Pledgor with, if the Collateral Agent so requests, signature guaranteed.
Transfer Powers. Upon the request of the Lender, the Pledgor shall deliver to the Lender (i) any certificates or Instruments representing the Collateral and (ii) concurrently therewith, an undated stock power, transfer power or endorsement covering such certificate or Instrument, duly indorsed in blank.
Transfer Powers. Subject to the Subordination Agreement, upon the reasonable request of the Lender, such Pledgor shall deliver to the Lender (i) any certificates or instruments representing the Collateral of such Pledgor and (ii) concurrently therewith, an undated stock power, transfer power or endorsement covering such certificate or instrument, duly indorsed in blank; provided that, so long as the Senior Loan Documents remain in effect and subject to the Subordination Agreement, the delivery by such Pledgor to the Senior Lender of the items described in the foregoing clauses (i) and (ii), as applicable, shall satisfy the requirements of this Section 5(d).
Transfer Powers. The Pledgor agrees that all certificated Pledged Stock delivered by the Pledgor to the Collateral Agent pursuant to this Agreement will be accompanied by all necessary instruments of transfer or assignment, duly executed in blank. Thereafter, the Pledgor will, upon the request of the Collateral Agent, promptly deliver to it such transfer powers, instruments and similar documents, reasonably satisfactory in form and substance to the Collateral Agent, with respect to the Collateral as the Collateral Agent may reasonably request and will, from time to time upon the request of the Collateral Agent, promptly transfer any Pledged Stock or other Stock, including all Distributions to the extent required under Section 4.4 hereof, constituting Collateral into the name of the Collateral Agent or any nominee designated by the Collateral Agent.
Transfer Powers. Concurrently with the delivery to the Pledgee of each of the certificates representing the shares the Pledged Stock, Pledgor has delivered an undated stock power covering such certificate, duly executed in blank with signature guaranteed.
Transfer Powers. Pledgor hereby delivers to Pledgee, and Pledgee acknowledges receipt of, a certificate representing the Pledged Class A Units, with an undated unit transfer power covering such certificate, duly executed in blank by Pledgor. Such certificates and unit transfer power shall be held and released by Pledgee pursuant to the terms hereof.