Common use of Covenants Relating to Collateral Clause in Contracts

Covenants Relating to Collateral. Until the Obligations shall have been paid in full, the Pledgor covenants and agrees that if the Pledgor shall become entitled to receive or shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization), option or rights in respect of the Collateral, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares of the Collateral, or otherwise in respect thereof, the Pledgor shall accept the same as the agent of the Secured Party, hold the same in trust for the Secured Party and deliver the same forthwith to the Secured Party in the exact form received, duly indorsed by the Pledgor to the Secured Party, if required, together with an undated assignment covering such certificate duly executed in blank by the Pledgor and with, if the Secured Party so requests, signature guaranteed, to be held by the Secured Party, subject to the terms thereof, as additional collateral security for the Obligations. If any of the foregoing property so distributed in respect of the Collateral shall be received by the Pledgor, the Pledgor shall, until such property is paid or delivered to the Secured Party, hold such property in trust for the Secured Party, segregated from other funds or property of the Pledgor, as additional collateral security for the Obligations.

Covenants Relating to Collateral. Until the Obligations shall have been paid in full, and the Pledgor Credit Agreement shall have terminated, Grantor covenants and agrees that if the Pledgor Grantor shall become entitled to receive or shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization), option or rights in respect of the Collateral, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares of the Collateral, or otherwise in respect thereof, the Pledgor Grantor shall accept the same as the agent of the Secured Party, hold the same in trust for the Secured Party and deliver the same forthwith to the Secured Party in the exact form received, duly indorsed by the Pledgor Grantor to the Secured Party, if required, together with an undated assignment covering such certificate duly executed in blank by the Pledgor Grantor and with, if the Secured Party so requests, signature guaranteed, to be held by the Secured Party, subject to the terms thereof, as additional collateral security for the Obligations. If any of the foregoing property so distributed in respect of the Collateral shall be received by the PledgorGrantor, the Pledgor Grantor shall, until such property is paid or delivered to the Secured Party, hold such property in trust for the Secured Party, segregated from other funds or property of the PledgorGrantor, as additional collateral security for the Obligations.

Covenants Relating to Collateral. Until Subject to any requirements under the Letter Agreement, until the Obligations shall have been paid in full, and the Pledgor Debenture and the Seller Note shall have terminated, Grantor covenants and agrees that if the Pledgor Grantor shall become entitled to receive or shall receive any certificate or instrument (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization), option or rights in respect of the Collateral, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares of the Collateral, or otherwise in respect thereof, the Pledgor Grantor shall accept the same as the agent of the Secured Party, hold the same in trust for the Secured Party and deliver the same forthwith to the Secured Party in the exact form received, duly indorsed by the Pledgor Grantor to the Secured Party, if required, together with an undated assignment covering such certificate or instrument duly executed in blank by the Pledgor Grantor and with, if the Secured Party so requests, signature guaranteed, to be held by the Secured Party, subject to the terms thereof, as additional collateral security for the Obligations. If any of the foregoing property so distributed in respect of the Collateral shall be received by the PledgorGrantor, the Pledgor Grantor shall, until such property is paid or delivered to the Secured Party, hold such property in trust for the Secured Party, segregated from other funds or property of the PledgorGrantor, as additional collateral security for the Obligations.

Covenants Relating to Collateral. Until the Obligations shall have been paid in full, and the Pledgor Subscription Agreement and Promissory Notes shall have terminated, Grantor covenants and agrees that if the Pledgor Grantor shall become entitled to receive or shall receive any certificate or instrument (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization), option or rights in respect of the Collateral, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares of the Collateral, or otherwise in respect thereof, the Pledgor Grantor shall accept the same as the agent of the Secured Party, hold the same in trust for the Secured Party and deliver the same forthwith to the Secured Party in the exact form received, duly indorsed by the Pledgor Grantor to the Secured Party, if required, together with an undated assignment covering such certificate or instrument duly executed in blank by the Pledgor Grantor and with, if the Secured Party so requests, signature guaranteed, to be held by the Secured Party, subject to the terms thereof, as additional collateral security for the Obligations. If any of the foregoing property so distributed in respect of the Collateral shall be received by the PledgorGrantor, the Pledgor Grantor shall, until such property is paid or delivered to the Secured Party, hold such property in trust for the Secured Party, segregated from other funds or property of the PledgorGrantor, as additional collateral security for the Obligations.

Covenants Relating to Collateral. Until Subject to any requirements under the Letter Agreement, until the Obligations shall have been paid in full, and the Pledgor Subscription Agreement and Promissory Notes shall have terminated, Grantor covenants and agrees that if the Pledgor Grantor shall become entitled to receive or shall receive any certificate or instrument (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization), option or rights in respect of the Collateral, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares of the Collateral, or otherwise in respect thereof, the Pledgor Grantor shall accept the same as the agent of the Secured Party, hold the same in trust for the Secured Party and deliver the same forthwith to the Secured Party in the exact form received, duly indorsed by the Pledgor Grantor to the Secured Party, if required, together with an undated assignment covering such certificate or instrument duly executed in blank by the Pledgor Grantor and with, if the Secured Party so requests, signature guaranteed, to be held by the Secured Party, subject to the terms thereof, as additional collateral security for the Obligations. If any of the foregoing property so distributed in respect of the Collateral shall be received by the PledgorGrantor, the Pledgor Grantor shall, until such property is paid or delivered to the Secured Party, hold such property in trust for the Secured Party, segregated from other funds or property of the PledgorGrantor, as additional collateral security for the Obligations.

Covenants Relating to Collateral. Until (a) Subject to the provisions of clause (b) below, until the Obligations shall have been paid in full, and the Pledgor Credit Agreement shall have terminated, Grantor covenants and agrees that if the Pledgor Grantor shall become entitled to receive or shall receive any certificate or instrument in respect of the Collateral (including, without limitation, any certificate share certificates, certificates representing a dividend warrants, options or a distribution in connection with any reclassification, increase other rights and promissory notes or reduction other evidences of capital or any certificate indebtedness issued in connection with any reorganization), option or rights in respect of the CollateralBorrowing Loans), whether constituting, in addition to, in substitution of, as a conversion of, or in exchange for, any shares of the Collateral, or otherwise in respect thereof, the Pledgor Grantor shall accept the same as the agent of the Secured Party, hold the same in trust for the Secured Party and deliver the same forthwith to the Secured Party in the exact form received, duly indorsed endorsed by the Pledgor Grantor to the Secured Party, if required, together with an undated assignment covering such certificate or instrument duly executed in blank by the Pledgor Grantor and with, if the Secured Party so requests, signature guaranteed, to be held by the Secured Party, subject to the terms thereof, as additional collateral security for the Obligations. If any of the foregoing property so distributed in respect of the Collateral shall be received by the PledgorGrantor, the Pledgor Grantor shall, until such property is paid or delivered to the Secured Party, hold such property in trust for the Secured Party, segregated from other funds or property of the PledgorGrantor, as additional collateral security for the Obligations.