Common use of Delivery of Certain Items Clause in Contracts

Delivery of Certain Items. Except as otherwise permitted by the Credit Agreement, hold in trust for Agent and deliver forthwith (and without any necessity for any request or demand by Agent) to Agent, in the exact form received, with the endorsement of Pledgor when necessary and/or appropriate instruments of transfer, assignment or endorsement as applicable, duly executed in blank, any additional stock certificates, cash, checks, draft, remittances, documents, promissory notes, instruments, debt securities or other proceeds evidencing or constituting Pledged Collateral, whether as an addition to, in substitution for, or in exchange for any of the Pledged Collateral, or otherwise. In case any property shall be distributed upon or with respect to any Pledged Collateral pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, except as otherwise permitted by the Credit Agreement, the property so distributed shall be delivered to Agent to be held by it as additional collateral security for the Secured Obligations. Except as otherwise permitted by the Credit Agreement, all sums of money and property so paid or distributed in respect of any Pledged Collateral which are received by Pledgor shall, until paid or delivered to Agent in accordance with the terms hereof, be held by Pledgor in trust as additional collateral security for the Secured Obligations.

Delivery of Certain Items. Except as otherwise permitted by the Credit Loan Agreement, hold in trust for Agent and deliver forthwith (and without any necessity for any request or demand by Agent) to Agent, in the exact form received, with the endorsement of Pledgor when necessary and/or appropriate instruments of transfer, assignment or endorsement as applicable, duly executed in blank, any additional stock certificates, cash, checks, draft, remittances, documents, promissory notes, instruments, debt securities or other proceeds evidencing or constituting Pledged Collateral, whether as an addition to, in substitution for, or in exchange for any of the Pledged Collateral, or otherwise. In case any property shall be distributed upon or with respect to any Pledged Collateral pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, except as otherwise permitted by the Credit Loan Agreement, the property so distributed shall be delivered to Agent to be held by it as additional collateral security for the Secured Obligations. Except as otherwise permitted by the Credit Agreement, all All sums of money and property so paid or distributed in respect of any Pledged Collateral which are received by Pledgor shall, until paid or delivered to Agent in accordance with the terms hereof, be held by Pledgor in trust as additional collateral security for the Secured Obligations.