If the amount payable under or in connection with any of the Collateral in excess of $500,000 individually or $1,000,000 in the aggregate shall be or become evidenced by any Instrument, Certificated Security or Tangible Chattel Paper, such Instrument, Certificated Security or Tangible Chattel Paper shall be immediately delivered to the Administrative Agent, duly indorsed in a manner satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement.
certificated securities