Common use of Additional Securities Clause in Contracts

Additional Securities. If the Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) certificate, including any certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interests, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the Pledgor’s other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a), to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 3 contracts

Samples: Canadian Pledge Agreement (Armstrong World Industries Inc), Canadian Pledge Agreement (Armstrong World Industries Inc), Canadian Pledge Agreement (Armstrong World Industries Inc)

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Additional Securities. If the Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral AgentNoteholder, shall segregate it from the Pledgor’s other property and shall deliver it forthwith to the Collateral Agent Noteholder in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, blank substantially in the form provided in Exhibit 4(a)Schedule 2, to be held by the Collateral Agent Noteholder as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 3 contracts

Samples: Share Purchase Agreement (VIASPACE Inc.), Stock Pledge Agreement (VIASPACE Green Energy Inc.), Stock Pledge Agreement (VIASPACE Inc.)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit Schedule 4(a), to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Pledgor Obligations.

Appears in 3 contracts

Samples: Pledge Agreement (Galey & Lord Inc), Pledge Agreement (Galey & Lord Inc), Pledge Agreement (Galey & Lord Inc)

Additional Securities. If the Pledgor such Obligor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the Pledgor such Obligor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Administrative Agent, shall segregate it from the Pledgor’s such Obligor's other property and shall deliver it forthwith to the Collateral Administrative Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a), to be held by the Collateral Administrative Agent as Pledged Collateral and as further collateral security for the Secured Obligor Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Jw Childs Equity Partners Ii Lp), Credit Agreement (Signal Medical Services)

Additional Securities. If the Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) certificate, including without limitation, any certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other membership or equity interests, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities or other equity interests in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral AgentBank, shall segregate it from the Pledgor’s other property and shall deliver it forthwith to the Collateral Agent Bank in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a)B, to be held by the Collateral Agent Bank as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 2 contracts

Samples: Pledge Agreement (Argyle Security, Inc.), Loan and Security Agreement (Argyle Security, Inc.)

Additional Securities. If the Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) certificate, including without limitation, any certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, amalgamation, sale of assets, combination of shares or other equity interestsPledged Securities, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securitiesPledged Securities; or (iv) distributions of securities Pledged Securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral AgentPledgees, shall segregate it from the Pledgor’s other property and shall deliver it forthwith to the Collateral Agent on behalf of the Pledgees in the exact form received together with any necessary endorsement and/or appropriate stock power accompanied by duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a), blank to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Origo Acquisition Corp), Stock Purchase Agreement (Hightimes Holding Corp.)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a3(a), to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Pledgor Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Lincare Holdings Inc), Note Purchase Agreement (Lincare Holdings Inc)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) certificate, including without limitation, any certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other membership or equity interests, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities or other equity interests in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral AgentBank, shall segregate it from the such Pledgor’s other property and shall deliver it forthwith to the Collateral Agent Bank in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a)B, to be held by the Collateral Agent Bank as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 2 contracts

Samples: Pledge Agreement (Argyle Security, Inc.), Pledge Agreement (Argyle Security, Inc.)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) certificate, including any certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interests, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s other property and shall deliver it forthwith to the Collateral Agent in the exact form received CHAR1\887016v3 together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a), to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Rehabcare Group Inc)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a3(a), to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Pledgor Obligations.

Appears in 1 contract

Samples: Credit Agreement (Lincare Holdings Inc)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) certificatecertificate evidencing Capital Stock, including without limitation, any certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such certificate, instrument, option, right right, or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock transfer power duly executed in blank, substantially in the form provided in Exhibit Schedule 4(a), accompanied by an irrevocable proxy coupled with an interest duly executed by such Pledgor in form and substance satisfactory to Agent, to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 1 contract

Samples: Stock Pledge Agreement (Infocrossing Inc)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral AgentLender, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent Lender in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a), to be held by the Collateral Agent Lender as Pledged Collateral and as further collateral security for the Secured Pledgor Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Applied Analytical Industries Inc)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, Collateral any (i) certificate, including any certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interests, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a), to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Kraton Polymers LLC)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral AgentLender, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent Lender in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially blank in the form provided in Exhibit 4(a)SCHEDULE 2, to be held by the Collateral Agent Lender as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Genicom Corp)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) certificate, including any certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interests, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Administrative Agent, shall segregate it from the such Pledgor’s other property and shall deliver it forthwith to the Collateral Administrative Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a), to be held by the Collateral Administrative Agent as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 1 contract

Samples: Credit Agreement (Cbeyond Communications Inc)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, 4 substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially blank in the form provided in Exhibit Schedule 4(a), to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Pledgor Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Ivex Packaging Corp /De/)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Administrative Agent, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Administrative Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a), to be held by the Collateral Administrative Agent as Pledged Collateral and as further collateral security for the Secured Pledgor Obligations.

Appears in 1 contract

Samples: Pledge Agreement (PRG Schultz International Inc)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a3(a), to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 1 contract

Samples: Credit Agreement (Lincare Holdings Inc)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, Collateral any (i) certificate, including any certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interests, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a)) , to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Kraton Performance Polymers, Inc.)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a), to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Pledgor Obligations.

Appears in 1 contract

Samples: Credit Agreement (Delta Woodside Industries Inc /Sc/)

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Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interests, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a), to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Pledgor Obligations.

Appears in 1 contract

Samples: Credit Agreement (Cluett Peabody & Co Inc /De)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, a substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral AgentAgent and the Lenders, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate undated stock power duly executed in blank, substantially blank in the form provided in Exhibit 4(a)Schedule 2 attached hereto, to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 1 contract

Samples: Credit Agreement (Personnel Group of America Inc)

Additional Securities. If the Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) certificatestock certificate or other certificate representing stock, including without limitation, any certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other membership or equity interests, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral AgentLaurus, shall segregate it from the Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent Laurus in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a)Schedule 2, to be held by the Collateral Agent Laurus as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 1 contract

Samples: Equity Pledge Agreement (Tidel Technologies Inc)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit EXHIBIT 4(a), to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Pledgor Obligations.

Appears in 1 contract

Samples: Credit Agreement (Simonds Industries Inc)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially blank in the form provided in Exhibit Schedule 4(a), to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Pledgor Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Ivex Packaging Corp /De/)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interests, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(aEXHIBIT 4(A), to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Pledgor Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Cluett Peabody & Co Inc /De)

Additional Securities. If the Pledgor shall receive by virtue of its his being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral AgentLenders, shall segregate it from the Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a), to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 1 contract

Samples: Stock Pledge Agreement (Farley William)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral AgentLender, shall segregate it from the such Pledgor’s other property and shall deliver it forthwith to the Collateral Agent Lender in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially blank in the form provided in Exhibit 4(a)Schedule 2, to be held by the Collateral Agent Lender as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Hadron Inc)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate undated stock power duly executed in blank, substantially in the form provided in Exhibit EXHIBIT 4(a), to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Pledgor Obligations.

Appears in 1 contract

Samples: Credit Agreement (Chattem Inc)

Additional Securities. If the 1f such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, a substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral AgentAgent and the Lenders, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate undated stock power duly executed in blank, substantially blank in the form provided in Exhibit 4(a)Schedule 2 attached hereto, to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 1 contract

Samples: Credit Agreement (Personnel Group of America Inc)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Administrative Agent, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Administrative Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially in the form provided in Exhibit 4(a), to be held by the Collateral Administrative Agent as Pledged Collateral and as further collateral security for the Secured Pledgor Obligations.

Appears in 1 contract

Samples: Credit Agreement (Modtech Holdings Inc)

Additional Securities. If the such Pledgor shall receive by virtue of its being or having been the owner of any Pledged Collateral, any (i) stock certificate, including without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or other equity interestsshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Pledged Collateral or otherwise; (iii) dividends payable in securities; or (iv) distributions of securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then the such Pledgor shall receive such stock certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from the such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Agent in the exact form received together with any necessary endorsement and/or appropriate stock power duly executed in blank, substantially blank in the form provided in Exhibit 4(a)Schedule 2, to be held by the Collateral Agent as Pledged Collateral and as further collateral security for the Secured Obligations.

Appears in 1 contract

Samples: Credit Agreement (Genicom Corp)

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