Distributions, Etc. Upon the dissolution, winding up, liquidation or reorganization of the Tenant, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Tenant, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured Parties, to be held as collateral security for the Secured Obligations. If any dividend shall be declared on any of the Pledged Collateral (excluding cash dividends), or any share of beneficial interest or fraction thereof shall be issued pursuant to any split of beneficial interests involving any of the Pledged Collateral, or any distribution of capital shall be made on any of the Pledged Collateral, or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the Tenant, the shares or other property so distributed shall be delivered to the Secured Parties to be held as collateral security for the Secured Obligations.
Appears in 6 contracts
Samples: Beneficial Interest Agreement (Five Star Quality Care Inc), Beneficial Interest Agreement (Five Star Quality Care Inc), Shares of Beneficial Interest Agreement (Five Star Quality Care Inc)
Distributions, Etc. Upon the dissolution, winding up, liquidation or reorganization of the Tenantany Subtenant, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Tenantany Subtenant, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured Parties, to be held as collateral security for the Secured Obligations. If any dividend shall be declared on any of the Pledged Collateral (excluding cash dividends), or any share of beneficial interest or fraction thereof shall be issued pursuant to any split of beneficial interests involving any of the Pledged Collateral, or any distribution of capital shall be made on any of the Pledged Collateral, or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the Tenantany Subtenant, the shares or other property so distributed shall be delivered to the Secured Parties to be held as collateral security for the Secured Obligations.
Appears in 4 contracts
Samples: Beneficial Interests Agreement (Five Star Quality Care Inc), Pledge of Stock and Membership Interests Agreement (Five Star Quality Care Inc), Pledge of Stock and Membership Interests Agreement (Five Star Quality Care Inc)
Distributions, Etc. Upon the dissolution, winding up, liquidation or reorganization of the Tenant, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Tenant, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured PartiesParty, to be held as collateral security for the Secured Obligations. If any stock dividend shall be declared on any of the Pledged Collateral (excluding cash dividends)Collateral, or any share of beneficial interest stock or fraction thereof shall be issued pursuant to any stock split of beneficial interests involving any of the Pledged Collateral, or any distribution of capital (excluding cash dividends) shall be made on any of the Pledged Collateral, or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the Tenant, the shares or other property so distributed shall be delivered to the Secured Parties Party to be held as collateral security for the Secured Obligations.
Appears in 3 contracts
Samples: Stock Pledge Agreement (Candlewood Hotel Co Inc), Stock Pledge Agreement (Candlewood Hotel Co Inc), Stock Pledge Agreement (Candlewood Hotel Co Inc)
Distributions, Etc. Upon the dissolution, winding up, liquidation or reorganization of the Tenant, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling marshaling of the assets and liabilities of the Tenant, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured PartiesParty, to be held as collateral security for the Secured Obligations. If any stock dividend shall be declared on any of the Pledged Collateral (excluding cash dividends)Collateral, or any share of beneficial interest stock or fraction thereof shall be issued pursuant to any stock split of beneficial interests involving any of the Pledged Collateral, or any distribution of capital (excluding cash dividends) shall be made on any of the Pledged Collateral, or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the Tenant, the shares or other property so distributed shall be delivered to the Secured Parties Party to be held as collateral security for the Secured Obligations.
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Distributions, Etc. Upon the dissolution, winding up, liquidation or reorganization of the Tenant, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Tenant, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured PartiesParty, to be held as collateral security for the Secured Obligations. If any dividend shall be declared on any of the Pledged Collateral (excluding cash dividends), or any share of beneficial interest or fraction thereof shall be issued pursuant to any split of beneficial interests involving any of the Pledged Collateral, or any distribution of capital shall be made on any of the Pledged Collateral, or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the Tenant, the shares or other property so distributed shall be delivered to the Secured Parties Party to be held as collateral security for the Secured Obligations.
Appears in 1 contract
Samples: Company Interests Agreement (Five Star Quality Care Inc)
Distributions, Etc. Upon the dissolution, winding up, liquidation or reorganization of the any Entity comprising Tenant, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the any Entity comprising Tenant, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured PartiesParty, to be held as collateral security for the Secured Obligations. If any dividend shall be declared on any of the Pledged Collateral (excluding cash dividends), or any share of beneficial interest or fraction thereof shall be issued pursuant to any split of beneficial interests involving any of the Pledged Collateral, or any distribution of capital shall be made on any of the Pledged Collateral, or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the any Entity comprising Tenant, the shares or other property so distributed shall be delivered to the Secured Parties Party to be held as collateral security for the Secured Obligations.
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Distributions, Etc. Upon the dissolutionIn case, upon the, winding up, liquidation or reorganization of the TenantPledgor, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the TenantPledgor, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over or such property shall be distributed to the Secured PartiesBank, to be held as collateral security for the Secured Obligations. If In case any stock dividend shall be declared on any of the Pledged Collateral (excluding cash dividends)Collateral, or any share of beneficial interest stock or fraction thereof shall be issued pursuant to any stock split of beneficial interests involving any of the Pledged Collateral, or any distribution of capital shall be made on any of the Pledged Collateral, or any property shall be distributed upon on or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the TenantPledgor, the shares or other property so distributed shall be delivered to the Secured Parties Bank to be held as collateral security for the Secured Obligations.
Appears in 1 contract
Samples: Pledge Agreement (Applied Printing Technologies Lp)
Distributions, Etc. Upon the dissolution, winding up, liquidation or reorganization of the any Entity comprising Tenant, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the any Entity comprising Tenant, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured Parties, to be held as collateral security for the Secured Obligations. If any dividend shall be declared on any of the Pledged Collateral (excluding cash dividends), or any share of beneficial interest or fraction thereof shall be issued pursuant to any split of beneficial interests involving any of the Pledged Collateral, or any distribution of capital shall be made on any of the Pledged Collateral, or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the any Entity comprising Tenant, the shares or other property so distributed shall be delivered to the Secured Parties to be held as collateral security for the Secured Obligations.
Appears in 1 contract
Samples: Beneficial Interest Agreement (Five Star Quality Care Inc)
Distributions, Etc. Upon the dissolution, winding up, liquidation or reorganization of the Tenant, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Tenant, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured PartiesParty, to be held as collateral security for the Secured Obligations. If any stock dividend shall be declared on any of the Pledged Collateral (excluding cash dividends)Collateral, or any share of beneficial interest stock or fraction thereof shall be issued pursuant to any stock split of beneficial interests involving any of the Pledged Collateral, or any distribution of capital (excluding cash dividends) shall be made on any of the Pledged Collateral, [or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the Tenant], the shares or other property so distributed shall be delivered to the Secured Parties Party to be held as collateral security for the Secured Obligations.
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Samples: Stock Pledge (Sholodge Inc)
Distributions, Etc. Upon the dissolution, winding up, liquidation or reorganization of the Tenanteither Subtenant, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Tenantsuch Subtenant, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured PartiesParty, to be held as collateral security for the Secured Obligations. If any dividend shall be declared on any of the Pledged Collateral (excluding cash dividends), or any share of beneficial interest or fraction thereof shall be issued pursuant to any split of beneficial interests involving any of the Pledged Collateral, or any distribution of capital shall be made on any of the Pledged Collateral, or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the Tenant, the shares or other property so distributed shall be delivered to the Secured Parties Party to be held as collateral security for the Secured Obligations.
Appears in 1 contract
Samples: Subtenants’ Company Interests Agreement (Five Star Quality Care Inc)
Distributions, Etc. Upon the dissolution, winding up, liquidation or reorganization of the any Pledged Tenant, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the any Pledged Tenant, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured PartiesParty, to be held as collateral security for the Secured Obligations. If any dividend shall be declared on any of the Pledged Collateral (excluding cash dividends), or any share of beneficial interest or fraction thereof shall be issued pursuant to any split of beneficial interests involving any of the Pledged Collateral, or any distribution of capital shall be made on any of the Pledged Collateral, or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the any Pledged Tenant, the shares or other property so distributed shall be delivered to the Secured Parties Party to be held as collateral security for the Secured Obligations.
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