Common use of Stock Dividends, Distributions, Etc Clause in Contracts

Stock Dividends, Distributions, Etc. If, while this Agreement is in effect, the Borrower shall become entitled to receive or shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization), whether as an addition to, in substitution of or in exchange for any shares of any Pledged Securities, or otherwise, the Borrower agrees to accept the same as agent for Dyax and to hold the same in trust on behalf of and for the benefit of Dyax and to deliver the same forthwith to Dyax in the exact form received, with the indorsement of the Borrower when necessary and/or with appropriate undated stock powers duly executed in blank, to be held by Dyax as part of the Collateral. In case any distribution of capital shall be made on or in respect of the Pledged Securities or any property shall be distributed upon or with respect to the Pledged Securities pursuant to the recapitalization or reclassification of the capital of Dyax or pursuant to the reorganization thereof, the property so distributed shall be delivered to Dyax as Collateral. All sums of money and property so paid or distributed in respect of the Pledged Securities which are received by the Borrower shall, until paid or delivered to Dyax, be held by the Borrower in trust as Collateral.

Stock Dividends, Distributions, Etc. If, while this Agreement is in effect, the Borrower Pledgor shall become entitled to receive or shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend or a stock distribution in connection with any reclassification, increase or reduction of capital, capital or issued in connection with any reorganization), or any options or rights, whether as an addition to, in substitution of for, or in exchange for any shares of any the Pledged SecuritiesShares, or otherwise, the Borrower Pledgor agrees to accept the same as Pledgee's agent for Dyax and to hold the same in trust on behalf of and for the benefit of Dyax Pledgee, and to deliver the same forthwith to Dyax Pledgee in the exact form received, with the indorsement endorsement of the Borrower Pledgor when necessary and/or with or appropriate undated stock powers duly executed in blank, to be held by Dyax Pledgee, subject to the terms hereof, as part of the additional Pledged Collateral. In case If any distribution of capital shall be made on or in respect of the Pledged Securities Shares or any property shall be distributed upon or with respect to the Pledged Securities Shares pursuant to the recapitalization or reclassification of the capital of Dyax the issuer thereof or pursuant to the reorganization thereof, the property so distributed shall be delivered to Dyax Pledgee to be held as additional Pledged Collateral. All Except as provided in Section 6(a)(ii) below, all sums of money and property so paid or distributed in respect of the Pledged Securities Shares which are received by the Borrower Pledgor shall, until paid or delivered to Dyaxby Pledgee, be held by the Borrower Pledgor in trust as additional Pledged Collateral.

Stock Dividends, Distributions, Etc. If, while this Pledge Agreement is in effect, the Borrower shall become KB becomes entitled to receive or shall receive receives any promissory note (or other instrument) or stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital, capital or issued in connection with any reorganization), whether as an addition tooption or rights, in substitution of of, or in exchange for for, the Pledged Note or any shares of any Pledged SecuritiesStock, or otherwise, the Borrower KB agrees to accept the same as agent for Dyax KBI and to hold the same in trust on behalf of and for the benefit of Dyax KBI and to deliver the same forthwith to Dyax KBI in the exact form received, with the indorsement of the Borrower when all necessary and/or with appropriate endorsement and undated stock or other powers duly executed in blank, to be held by Dyax KBI, subject to the terms hereof, as part of additional collateral security for the CollateralObligations. In case If any property is distributed or any distribution of capital shall be is made on or in respect of the Pledged Securities or any property shall be distributed upon or with respect to the Pledged Securities Stock pursuant to the recapitalization or reclassification of the capital of Dyax KBI or pursuant to the reorganization thereofof KBI, the property so distributed shall be delivered to Dyax KBI, subject to the terms and conditions hereof, as Collateraladditional collateral security for the Obligations. All sums of money and property so paid or distributed to KB in respect of the Pledged Securities which are received by the Borrower Collateral shall, until paid or delivered to DyaxKBI, be held by the Borrower KB in trust as Collateraladditional collateral security for the Obligations.

Stock Dividends, Distributions, Etc. If, while this Pledge Agreement is in effect, the Borrower Pledgor shall become entitled to receive or shall receive receives any stock certificate or other certificate or evidence of ownership (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital, or stock or security issued in connection with any reorganization), option or rights, whether as an addition to, in substitution of of, or in exchange for any shares of any Pledged SecuritiesCollateral, or otherwise, the Borrower Pledgor agrees to accept the same as agent for Dyax Agent and to hold the same in trust on behalf of and for the benefit of Dyax Agent and to deliver the same forthwith to Dyax Agent in the exact form received, with the indorsement endorsement of the Borrower when Pledgor if necessary and/or with appropriate undated updated stock powers duly executed in blank, subject to the terms hereof, as additional Collateral for payment or performance of the Obligation Secured. Any sums paid upon or in respect of the Collateral upon the liquidation or dissolution of the issuer thereof shall be paid over to the Agent to be held by Dyax the Agent in trust as part of the additional Collateral. In case , and in case, any distribution of capital shall be is made on or in respect of the Pledged Securities Collateral or any property shall be distributed upon or with respect to the Pledged Securities Collateral pursuant to the recapitalization or reclassification of the capital of Dyax the issuer thereof or pursuant to the reorganization thereofa reorganization, the property so distributed merger, or consolidation, such capital shall be delivered to Dyax as Collateral. All sums of money and property so paid or distributed in respect of the Pledged Securities which are received by the Borrower shall, until paid or delivered Agent to Dyax, be held by the Borrower in trust as additional Collateral.

Stock Dividends, Distributions, Etc. If, while this Agreement is in effect, the Borrower shall become entitled to receive or shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization), with respect to the Pledged Securities, whether as an addition to, in substitution of or in exchange for any shares of any Pledged Securities, or otherwise, the Borrower agrees to accept the same as agent for Dyax Xxxxx and to hold the same in trust on behalf of and for the benefit of Dyax Xxxxx and to deliver the same forthwith to Dyax Xxxxx in the exact form received, with the indorsement of the Borrower when necessary and/or with appropriate undated stock powers duly executed in blank, to be held by Dyax Xxxxx as part of the Collateral. In case any distribution of capital shall be made on or in respect of the Pledged Securities or any property shall be distributed upon or with respect to the Pledged Securities pursuant to the recapitalization or reclassification of the capital of Dyax Xxxxx or pursuant to the reorganization thereof, the property so distributed shall be delivered to Dyax Xxxxx as Collateral. All sums of money and property so paid or distributed in respect of the Pledged Securities which are received by the Borrower shall, until paid or delivered to DyaxXxxxx, be held by the Borrower in trust as Collateral.

Stock Dividends, Distributions, Etc. If, while this Agreement is in effect, the Borrower shall become entitled to receive or shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization), whether as an addition to, in substitution of or in exchange for any shares of any Pledged Securities, or otherwise, the Borrower agrees to accept the same as agent for Dyax Asthmatx and to hold the same in trust on behalf of and for the benefit of Dyax Asthmatx and to deliver the same forthwith to Dyax Asthmatx in the exact form received, with the indorsement endorsement of the Borrower when necessary and/or with appropriate undated stock powers duly executed in blank, to be held by Dyax Asthmatx as part of the Collateral. In case any distribution of capital shall be made on or in respect of the Pledged Securities or any property shall be distributed upon or with respect to the Pledged Securities pursuant to the recapitalization or reclassification of the capital of Dyax Asthmatx or pursuant to the reorganization thereof, the property so distributed shall be delivered to Dyax Asthmatx as Collateral. All sums of money and property so paid or distributed in respect of the Pledged Securities which are received by the Borrower shall, until paid or delivered to DyaxAsthmatx, be held by the Borrower in trust as Collateral.