Distributions Held in Trust. All dividends and other distributions which are received by Grantor contrary to the provisions of this Agreement shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of Grantor, and forthwith shall be paid over to Administrative Agent for the account of Secured Party as Pledged Collateral in the same form as so received (with any necessary endorsements).
Appears in 2 contracts
Samples: Pledge Agreement, Pledge Agreement (Coast Hotels & Casinos Inc)
Distributions Held in Trust. All dividends and other distributions Distributions which are received by Grantor Grantors contrary to the provisions of this Agreement shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of GrantorGrantors, and forthwith shall be paid over to Administrative Agent for the account of Secured Party as Pledged Collateral in the same form as so received (with any necessary endorsements).
Appears in 1 contract
Samples: Pledge Agreement (Jakks Pacific Inc)
Distributions Held in Trust. All dividends and other distributions Distributions which are received by any Grantor contrary to the provisions of this Agreement shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of such Grantor, and forthwith shall be paid over to Administrative Agent for the account of Secured Party as Pledged Collateral in the same form as so received (with any necessary endorsements).
Appears in 1 contract
Samples: Pledge Agreement (Central Financial Acceptance Corp)
Distributions Held in Trust. All dividends and other distributions Distributions which are --------------------------- received by Grantor contrary to the provisions of this Agreement shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of Grantor, and forthwith shall be paid over to Administrative Agent for the account of Secured Party as Pledged Collateral in the same form as so received (with any necessary endorsements).
Appears in 1 contract
Distributions Held in Trust. All dividends and other distributions Distributions which are received by any Grantor contrary to the provisions of this Agreement shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of such Grantor, and forthwith shall be paid over to Administrative Agent for the account of Secured Party as Pledged Collateral in the same form as so received (with any necessary endorsements).
Appears in 1 contract
Samples: Credit Agreement (Herbst Gaming Inc)
Distributions Held in Trust. All dividends and other distributions Distributions which are received by any Grantor contrary to the provisions of this Agreement shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of such Grantor, and forthwith shall be paid over to Administrative Agent for the account of Secured Party as Pledged Collateral in the same form as so received (with any necessary endorsementsendorsements or stock powers).
Appears in 1 contract
Samples: Note Purchase and Private Shelf Agreement (Wd 40 Co)
Distributions Held in Trust. All dividends and other distributions Distributions which are received by Grantor Grantors contrary to the provisions of this Agreement shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of GrantorGrantors, and forthwith shall be paid over to Administrative Agent for the account of Secured Party as Pledged additional Collateral in the same form as so received (with any necessary endorsements).
Appears in 1 contract
Samples: Security Agreement (Central Financial Acceptance Corp)
Distributions Held in Trust. All dividends and other --------------------------- distributions which are received by Grantor contrary to the provisions of this Agreement shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of Grantor, and forthwith shall be paid over to Administrative Agent for the account of Secured Party as Pledged Collateral in the same form as so received (with any necessary endorsements).
Appears in 1 contract
Distributions Held in Trust. All dividends and other distributions which are received by Grantor contrary to the provisions of this Agreement shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of Grantor, and forthwith shall be paid over to Administrative Agent for the account of Secured Party as Pledged Collateral in the same form as so received (with any necessary endorsementsendorsements or stock powers).
Appears in 1 contract
Samples: Pledge Agreement (Svi Holdings Inc)
