Common use of Delivery of Additional Interests Clause in Contracts

Delivery of Additional Interests. If the Pledgor shall become entitled to receive or shall receive any share certificates, option or rights, whether as an addition to, in substitution of, or in exchange for any of the Pledged Shares, the Pledgor agrees to accept the same as the agent of the Pledgees and to hold the same in trust for the benefit of the Pledgees and to deliver the same forthwith to the Pledgees in the exact form received, with the endorsement of the Pledgor when necessary and/or appropriate undated instruments of transfer duly executed in blank, and irrevocable proxies to be held by the Pledgees, subject to the terms hereof, as additional collateral security for the Obligations. Any sums paid upon or in respect of the Pledged Shares on the liquidation or dissolution of any Pledged Company shall be paid over to the Pledgees to be held by it as additional collateral security for the Obligations.

Delivery of Additional Interests. If the Pledgor shall become entitled to receive or shall receive any share certificates, option or rights, whether as an addition toa dividend in respect of, in substitution of, or in exchange for any of the Pledged Shares, the Pledgor agrees to accept the same as the agent of the Pledgees Pledgee and to hold the same in trust for the benefit of the Pledgees Pledgee and to deliver the same forthwith to the Pledgees Pledgee in the exact form received, with the endorsement of the Pledgor when necessary and/or appropriate undated instruments of transfer duly executed in blank, and irrevocable proxies proxy to be held by the PledgeesPledgee, subject to the terms hereof, as additional collateral security for the Obligations. Any sums paid upon or in respect of the Pledged Shares on the liquidation or dissolution of any Pledged Company shall be paid over to the Pledgees Pledgee to be held by it as additional collateral security for the Obligations.