Common use of Assignment of Collateral Clause in Contracts

Assignment of Collateral. As security for the due and punctual performance of all of the covenants and obligation of Pledgor under the Note,including payment of the Indebtedness,Pledgor hereby pledges to, deposits with, and delivers to Pledgeholder, and hereby creates a security interest in favor of Pledgee in the Shares and all dividends, interest or other distributions with respect to the Shares or made on account thereof (collectively "Collateral") . the term "Collateral," as used herein, shall include not only the Shares but also any of the following derived from or on account of the ownership thereof by Pledgor:

Assignment of Collateral. As security for the due and punctual performance of all of the covenants and obligation of Pledgor under the Note,including payment of the Indebtedness,Pledgor hereby pledges to, deposits with, and delivers to Pledgeholder, and hereby creates a security interest in favor of Pledgee in the Shares and all dividends, interest or other distributions with respect to the Shares or made on account thereof (collectively "Collateral") ). the term "Collateral," as used herein, shall include not only the Shares but also any of the following derived from or on account of the ownership thereof by Pledgor: