Common use of Certain Proceeds Clause in Contracts

Certain Proceeds. Any and all dividends or distributions in property made on or in respect of the Collateral, and any proceeds of the Collateral, whether such dividends, distributions, or proceeds result from a subdivision, combination or reclassification of the Equity Securities of any Person or as a result of any merger, consolidation, acquisition or other exchange of assets to which Pledgor may be a party, or otherwise, shall be part of the Collateral hereunder, shall, if received by Pledgor, be held in trust for the benefit of Lender, and shall forthwith be delivered to Lender (accompanied by proper instruments of assignment and/or stock and/or bond powers executed by the Pledgor in accordance with Lender’s instructions) to be held subject to the terms hereof. Prior to the occurrence and continuation of an Event of Default, any cash proceeds of Collateral which come into the possession of Lender may, at the Pledgor’s option, be applied in whole or in part to the Obligations, or be released in whole or in part to or on the written instructions of the Pledgor(s) for any general or specific purpose not in violation of the Note, or be retained in whole or in part by Lender as additional Collateral. Upon the occurrence and continuation of an Event of Default, any cash proceeds of Collateral may, at Lender’s option, be applied to the Obligations. Any dividends, distributions or other payments received in respect of the Collateral that are received by Pledgor contrary to the provisions of this clause (e) shall be received in trust for the benefit of Lender, shall be segregated from the other funds of Pledgor and shall immediately be paid over to Lender as Collateral in the same form as so received.

Certain Proceeds. Any and all stock dividends or distributions in Distributions of property made on or in respect of the CollateralPledged Interests, any cash withdraws from any capital account relating to any of the Pledged Interests, and any proceeds of the CollateralPledged Interests, whether such dividends, distributionsDistributions, or proceeds result from a subdivision, combination or reclassification of the any outstanding Equity Securities of any Person Interests owned by Grantor or as a result of any merger, consolidation, acquisition or other exchange of assets to which Pledgor Grantor may be a party, or otherwise, shall be part of the Collateral Pledged Interests hereunder, shall, if received by PledgorGrantor, be held in trust for the benefit of Lender, and shall forthwith be delivered to Lender (accompanied by proper instruments of assignment and/or stock and/or bond transfer powers executed by the Pledgor applicable Grantor in accordance with LenderXxxxxx’s instructions) to be held subject to the terms hereof. Prior to the occurrence and continuation of an Event of Default, any cash proceeds of Collateral Pledged Interests which come into the possession of Lender may, at the PledgorGrantor’s option, be applied in whole or in part to the Secured Obligations, or be released in whole or in part to or on the written instructions of the Pledgor(s) Grantor’s for any general or specific purpose not in violation of the NoteCredit Agreement, or be retained in whole or in part by Lender Xxxxxx as additional CollateralPledged Interests. Upon the occurrence and continuation of an Event of Default, any cash proceeds of Collateral may, at Lender’s option, Pledged Interests shall be applied to the Secured Obligations. Any dividends, distributions or other payments received in respect of the Collateral that are received by Pledgor contrary to the provisions of this clause (e) shall be received in trust for the benefit of Lender, shall be segregated from the other funds of Pledgor and shall immediately be paid over to Lender as Collateral in the same form as so received.

Certain Proceeds. Any and all equity dividends or distributions in property made on or in respect of the Collateral, and any proceeds of the Collateral, whether such dividends, distributions, or proceeds result from a subdivision, combination or reclassification of the Equity Securities of any Person or as a result of any merger, consolidation, acquisition or other exchange of assets to which Pledgor or Pledged Issuer may be a party, or otherwise, shall be part of the Collateral hereunder, shall, if received by Pledgor, be held in trust for the benefit of LenderXxxxxx, and shall forthwith be delivered to Lender (accompanied by proper instruments of assignment and/or stock and/or bond powers Equity Powers executed by the Pledgor in accordance with LenderXxxxxx’s instructions) to be held subject to the terms hereof. Prior to the occurrence and continuation of an Event of Default, any cash proceeds of Collateral which come into the possession of Lender may, at the Pledgor’s option, be applied in whole or in part to the ObligationsObligation, or be released in whole or in part to or on the written instructions of the Pledgor(s) Pledgor for any general or specific purpose not in violation of the NoteLoan Agreement, or be retained in whole or in part by Lender as additional Collateral. Upon the occurrence and continuation during the continuance of an Event of Default, any cash proceeds of Collateral may, at Lender’s option, shall be applied to the Obligations. Any dividends, distributions or other payments received in respect of the Collateral that are received by Pledgor contrary to the provisions of this clause (e) shall be received in trust for the benefit of Lender, shall be segregated from the other funds of Pledgor and shall immediately be paid over to Lender as Collateral in the same form as so received.

Certain Proceeds. Any and all equity dividends or distributions in property made on or in respect of the Collateral, and any proceeds of the Collateral, whether such dividends, distributions, or proceeds result from a subdivision, combination or reclassification of the Equity Securities of any Person or as a result of any merger, consolidation, acquisition or other exchange of assets to which Pledgor or Pledged Issuer may be a party, or otherwise, shall be part of the Collateral hereunder, shall, if received by Pledgor, be held in trust for the benefit of Lender, and shall forthwith be delivered to Lender (accompanied by proper instruments of assignment and/or stock and/or bond powers Equity Powers executed by the Pledgor in accordance with Lender’s instructions) to be held subject to the terms hereof. Prior to the occurrence and continuation of an Event of Default, any cash proceeds of Collateral which come into the possession of Lender may, at the Pledgor’s option, be applied in whole or in part to the ObligationsObligation, or be released in whole or in part to or on the written instructions of the Pledgor(s) Pledgor for any general or specific purpose not in violation of the NoteLoan Agreement, or be retained in whole or in part by Lender as additional Collateral. Upon the occurrence and continuation during the continuance of an Event of Default, any cash proceeds of Collateral may, at Lender’s option, shall be applied to the Obligations. Any dividends, distributions or other payments received in respect of the Collateral that are received by Pledgor contrary to the provisions of this clause (e) shall be received in trust for the benefit of Lender, shall be segregated from the other funds of Pledgor and shall immediately be paid over to Lender as Collateral in the same form as so received.