Common use of Transfer Powers Clause in Contracts

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.

Appears in 1 contract

Sources: Pledge Agreement (Honigfeld Bradford)

Transfer Powers. Concurrently with the delivery to the Pledgee of each certificate, if any, representing one or more shares of the certificates representing the shares the Pledged Stock, Pledged LLC Interest or Pledged Partnership Interest which is a Security, Pledgor has delivered shall deliver an undated stock power or transfer power covering such certificate, duly executed in blank with signature guaranteedblank.

Appears in 1 contract

Sources: Pledge Agreement (BlueLinx Holdings Inc.)