Common use of Direct Delivery of Dividends and Other Distributions Clause in Contracts

Direct Delivery of Dividends and Other Distributions. Direct that all dividends, interest, premium and other payments with respect to the Collateral of whatever kind or nature thereafter paid with respect to the Collateral be paid directly to the Secured Party, and Pledgor shall execute and deliver to the Secured Party any and all documents necessary to effectuate the foregoing.