ADDITIONS TO COLLATERAL. Any stock rights, and rights to subscribe, cash dividends, liquidating dividends, stock dividends, dividends paid in stock, new securities, or other property, which Pledgors may hereafter become entitled to receive on account of the Collateral, shall be and become a part of the Collateral, and in the event that Pledgors shall receive any such, they represent, warrant, covenant and agree that they will immediately deliver it to the Pledge Holder to be held by it in the same manner as the Collateral originally pledged hereunder.
Appears in 4 contracts
Samples: Stock Pledge Agreement (Ellenburg Gerald D), Stock Pledge Agreement (Karno Norton S), Stock Pledge Agreement (Edwards Michael Dennis)
