Common use of Distributions Paid to Administrative Agent Clause in Contracts

Distributions Paid to Administrative Agent. Any sums or other property paid or distributed upon or with respect to any of the Securities, whether by dividend or redemption or upon the liquidation or dissolution of the Issuer thereof or otherwise, shall, except to the limited extent provided in Section 7, be paid over and delivered to the Administrative Agent to be held by the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, as security for the payment and performance in full of all of the Obligations. In case, pursuant to the recapitalization or reclassification of the capital of the Issuer thereof or pursuant to the reorganization thereof, any distribution of capital shall be made on or in respect of any of the Securities or any property shall be distributed upon or with respect to any of the Securities, the property so distributed shall be delivered to the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, to be held by it as security for the Obligations. Except to the limited extent provided in Section 7, all sums of money and property paid or distributed in respect of the Securities, whether as a dividend or upon such a liquidation, dissolution, recapitalization or reclassification or otherwise, that are received by any Pledgor shall, until paid or delivered to the Administrative Agent, be held in trust for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, as security for the payment and performance in full of all of the Obligations.

Distributions Paid to Administrative Agent. Any sums or other property paid or distributed upon or with respect to any of the Securities, whether by dividend or redemption or upon the liquidation or dissolution of the Issuer issuer thereof or otherwise, shall, except to the limited extent provided in Section 7, be paid over and delivered to the Administrative Agent to be held by the Administrative Agent, for the benefit of the Secured Parties Lenders and the Administrative Agent, as security for the payment and performance in full of all of the Obligations. In case, pursuant to the recapitalization or reclassification of the capital of the Issuer issuer thereof or pursuant to the reorganization thereof, any distribution of capital shall be made on or in respect of any of the Securities or any property shall be distributed upon or with respect to any of the Securities, the property so distributed shall be delivered to the Administrative Agent, for the benefit of the Secured Parties Lenders and the Administrative Agent, to be held by it as security for the Obligations. Except to the limited extent provided in Section 7, all sums of money and property paid or distributed in respect of the Securities, whether as a dividend or upon such a liquidation, dissolution, recapitalization or reclassification or otherwise, that are received by any Pledgor shall, until paid or delivered to the Administrative Agent, be held in trust for the Administrative Agent, for the benefit of the Secured Parties Lenders and the Administrative Agent, as security for the payment and performance in full of all of the Obligations.

Distributions Paid to Administrative Agent. Any sums or other property paid or distributed upon or with respect to any of the Securities, whether by dividend or redemption or upon the liquidation or dissolution of the Issuer issuer thereof or otherwise, shall, except to the limited extent provided in Section 7(S)6, be paid over and delivered to the Administrative Agent to be held by the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, as security for the payment and performance in full of all of the Obligations. In case, pursuant to the recapitalization or reclassification of the capital of the Issuer issuer thereof or pursuant to the reorganization thereof, any distribution of capital shall be made on or in respect of any of the Securities or any property shall be distributed upon or with respect to any of the Securities, the property so distributed shall be delivered to the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Agent to be held by it as security for the Obligations. Except to the limited extent provided in Section 7(S)6, all sums of money and property paid or distributed in respect of the Securities, whether as a dividend or upon such a liquidation, dissolution, recapitalization or reclassification or otherwise, that are received by any such Pledgor shall, until paid or delivered to the Administrative Agent, be held in trust for the Administrative Agent, for the benefit of the Secured Parties Lenders and the Administrative Agent, Agent as security for the payment and performance in full of all of the Obligations.

Distributions Paid to Administrative Agent. Any sums or other property paid or distributed upon or with respect to any of the Securities, whether by dividend or redemption or upon the liquidation or dissolution of the Issuer issuer thereof or otherwise, shall, except to the limited extent provided in Section 7§ 6, be paid over and delivered to the Administrative Agent to be held by the Administrative Agent, for the benefit of the Secured Parties Lenders and the Administrative Agent, as security for the payment and performance in full of all of the Obligations. In Except to the limited extent provided in § 6, in case, pursuant to the recapitalization or reclassification of the capital of the Issuer issuer thereof or pursuant to the reorganization thereof, any distribution of capital shall be made on or in respect of any of the Securities or any property shall be distributed upon or with respect to any of the Securities, the property so distributed shall be delivered to the Administrative Agent, for the benefit of the Secured Parties Lenders and the Administrative Agent, to be held by it as security for the Obligations. Except to Upon the limited extent provided in Section 7occurrence and during the continuation of an Event of Default, all sums of money and property paid or distributed in respect of the Securities, whether as a dividend or upon such a liquidation, dissolution, recapitalization or reclassification or otherwise, that are received by any Pledgor of the Pledgors shall, until paid or delivered to the Administrative Agent, be held in trust for the Administrative Agent, for the benefit of the Secured Parties Lenders and the Administrative Agent, as security for the payment and performance in full of all of the Obligations.

Distributions Paid to Administrative Agent. Any sums or other property paid or distributed upon or with respect to any of the SecuritiesStock, whether by dividend or redemption or upon the liquidation or dissolution of the Issuer issuer thereof or otherwise, shall, except to the limited extent provided in Section 7§6, be paid over and delivered to the Administrative Agent to be held by the Administrative Agent, for the benefit of the Secured Parties and the Administrative AgentParties, as security for the payment and performance in full of all of the Obligations. In case, pursuant to the recapitalization or reclassification of the capital of the Issuer issuer thereof or pursuant to the reorganization thereof, any distribution of capital shall be made on or in respect of any of the Securities Stock or any property shall be distributed upon or with respect to any of the SecuritiesStock, the property so distributed shall be delivered to the Administrative Agent, for the benefit of the Secured Parties and the Administrative AgentParties, to be held by it as security for the Obligations. Except to the limited extent provided in Section 7§6, all sums of money and property paid or distributed in respect of the SecuritiesStock, whether as a dividend or upon such a liquidation, dissolution, recapitalization or reclassification or otherwise, that are received by any Pledgor the Company shall, until paid or delivered to the Administrative Agent, be held in trust for the Administrative Agent, for the benefit of the Secured Parties and the Administrative AgentParties, as security for the payment and performance in full of all of the Obligations.