Common use of Cash Dividends and Cash Distributions Clause in Contracts

Cash Dividends and Cash Distributions. All cash dividends and cash distributions made upon the PLEDGED STOCK shall be paid to the PLEDGOR until the occurrence of an EVENT OF DEFAULT except to the extent otherwise prohibited by the terms and conditions of the LOAN AGREEMENT or any other agreements between the PLEDGOR and/or the CORPORATION and the SECURED PARTIES. During the continuance of any EVENT OF DEFAULT, all cash dividends and cash distributions shall be paid to the SECURED PARTIES, and if any such dividends or distributions are paid to the PLEDGOR, the PLEDGOR shall accept the same as the SECURED PARTIES’ agent, in trust for the SECURED PARTIES, and shall deliver such dividends or distributions forthwith to the SECURED PARTIES in exactly the form received with, as applicable, the PLEDGOR’S endorsement thereon. During the continuance of any EVENT OF DEFAULT, all cash dividends, cash distributions, and other distributions paid with respect to the PLEDGED STOCK shall be applied to the repayment of the OBLIGATIONS, in such order of application as the SECURED PARTIES determine, regardless of when the amounts due upon the OBLIGATIONS mature and are due and payable.

Cash Dividends and Cash Distributions. All cash dividends and cash distributions made upon the PLEDGED STOCK shall be paid to the PLEDGOR until the occurrence of an EVENT OF DEFAULT except to the extent otherwise prohibited by the terms and conditions of the LOAN AGREEMENT AGREEMENT, the GUARANTY, or any other agreements between the PLEDGOR and/or LENDER and any of the CORPORATION and BORROWERS, the SECURED PARTIESPLEDGOR, or the CORPORATION. During the continuance of any EVENT OF DEFAULT, all cash dividends and cash distributions shall be paid to the SECURED PARTIESLENDER, and if any such dividends or distributions are paid to the PLEDGOR, the PLEDGOR shall accept the same as the SECURED PARTIES’ LENDER'S agent, in trust for the SECURED PARTIESLENDER, and shall deliver such dividends or distributions forthwith to the SECURED PARTIES LENDER in exactly the form received with, as applicable, the PLEDGOR’S 'S endorsement thereon. During the continuance of any EVENT OF DEFAULT, all cash dividends, cash distributions, and other distributions paid with respect to the PLEDGED STOCK shall be applied to the repayment of the OBLIGATIONS, in such order of application as the SECURED PARTIES determineLENDER determines, regardless of when the amounts due upon the OBLIGATIONS mature and are due and payable.

Cash Dividends and Cash Distributions. All cash dividends and cash distributions made upon the PLEDGED STOCK shall be paid to the PLEDGOR until the occurrence of an EVENT OF DEFAULT except to the extent otherwise prohibited by the terms and conditions of the LOAN AGREEMENT AGREEMENT, the GUARANTY, or any other agreements between the PLEDGOR and/or LENDER and any of the CORPORATION and BORROWERS, the SECURED PARTIESPLEDGOR, or the CORPORATIONS. During the continuance of any EVENT OF DEFAULT, all cash dividends and cash distributions shall be paid to the SECURED PARTIESLENDER, and if any such dividends or distributions are paid to the PLEDGOR, the PLEDGOR shall accept the same as the SECURED PARTIES’ LENDER'S agent, in trust for the SECURED PARTIESLENDER, and shall deliver such dividends or distributions forthwith to the SECURED PARTIES LENDER in exactly the form received with, as applicable, the PLEDGOR’S 'S endorsement thereon. During the continuance of any EVENT OF DEFAULT, all cash dividends, cash distributions, and other distributions paid with respect to the PLEDGED STOCK shall be applied to the repayment of the OBLIGATIONS, in such order of application as the SECURED PARTIES determineLENDER determines, regardless of when the amounts due upon the OBLIGATIONS mature and are due and payable.

Cash Dividends and Cash Distributions. All cash dividends and cash distributions made upon the PLEDGED STOCK shall be paid to the PLEDGOR until the occurrence of an EVENT OF DEFAULT except to the extent otherwise prohibited by the terms and conditions of the LOAN AGREEMENT or the GUARANTY or any other agreements between the PLEDGOR and/or LENDER and any of the CORPORATION and BORROWERS, the SECURED PARTIESPLEDGOR, or the CORPORATIONS. During the continuance of any EVENT OF DEFAULT, all cash dividends and cash distributions shall be paid to the SECURED PARTIESLENDER, and if any such dividends or distributions are paid to the PLEDGOR, the PLEDGOR shall accept the same as the SECURED PARTIES’ LENDER'S agent, in trust for the SECURED PARTIESLENDER, and shall deliver such dividends or distributions forthwith to the SECURED PARTIES LENDER in exactly the form received with, as applicable, the PLEDGOR’S 'S endorsement thereon. During the continuance of any EVENT OF DEFAULT, all cash dividends, cash distributions, and other distributions paid with respect to the PLEDGED STOCK shall be applied to the repayment of the OBLIGATIONS, in such order of application as the SECURED PARTIES determineLENDER determines, regardless of when the amounts due upon the OBLIGATIONS mature and are due and payable.