Common use of Additional Assignments Clause in Contracts

Additional Assignments. In the event of the dissolution or liquidation of the Company, or in the event of any reorganization, merger or consolidation thereof, or in the event of a sale of all or substantially all of the assets of the Company, or in the event of any reclasssification or increase in the number of issued shares of capital stock of the Company by reason of a stock dividend, stock split, recapitalization, conversion or exchange of shares or any like capital adjustment, all securities issued in exchange for or in respect of the Shares and all securities , monies or other property of whatever nature distributed with respect to the Shares shall be pledged and delivered to Pledgeholder hereunder and Pledgor will promptly execute and deliver to Pledgeholder an assignment of all shares resulting therefrom and attributable to the Shares, and Pledgor agrees to transfer the certificates evidencing the same as additional collateral, and to be held by the Pledgeholder subject to all of the terms hereof.