Common use of Continuous Pledge Clause in Contracts

Continuous Pledge. Each Pledgor will, at all times, keep pledged to the Pledgee pursuant hereto all Pledged Interests and all other shares of Capital Stock or other ownership interests constituting Collateral, all Dividends and Distributions with respect thereto [(provided that if no Event of Default shall have occurred or be continuing, such Dividends and Distributions may be used for working capital or other purposes)], all Pledged Notes, all interest, principal and other proceeds received by the Pledgee with respect to the Pledged Notes, and all other Collateral and other securities, instruments, proceeds, and rights from time to time received by or distributable to such Pledgor in respect of any Collateral, and will not permit any Pledged Interest Issuer to issue any Capital Stock or other ownership interests or any options, warrants or other rights to subscribe for or purchase Capital Stock (other than as permitted by the Credit Agreement) which shall not have been immediately duly pledged hereunder on a first priority perfected basis.

Continuous Pledge. Each The Pledgor will, at all times, keep pledged to the Pledgee pursuant hereto all Pledged Interests and all other shares of Capital Stock or other ownership interests constituting Collateral, all Dividends and Distributions with respect thereto [(provided that if no Event of Default shall have occurred or be continuing, such Dividends and Distributions may be used for working capital or other purposes)], all Pledged Notes, all interest, principal and other proceeds received by the Pledgee with respect to the Pledged Notes, and all other Collateral and other securities, instruments, proceeds, and rights from time to time received by or distributable to such the Pledgor in respect of any Collateral, and will not permit any Pledged Interest Issuer to issue any Capital Stock or other ownership interests or any options, warrants or other rights to subscribe for or purchase Capital Stock (other than as permitted by the Credit Agreement) which shall not have been immediately duly pledged hereunder on a first priority perfected basis.