Common use of Dividend Rights in Respect of the Collateral Clause in Contracts

Dividend Rights in Respect of the Collateral. (i) So long as no Event of Default shall have occurred and be continuing and subject to Section 4(b) hereof, each Grantor may receive and retain any and all dividends (other than stock dividends and other dividends constituting Collateral addressed hereinabove) or interest paid in respect of the Collateral to the extent they are allowed under each of the Credit Agreements. (ii) Upon the occurrence and during the continuance of an Event of Default: (A) all rights of a Grantor to receive the dividends and interest payments which it would otherwise be authorized to receive and retain pursuant to paragraph (i) of this subsection shall cease and all such rights shall thereupon be vested in the Agent, which shall then have the sole right to receive and hold as Collateral such dividends and interest payments; and (B) all dividends and interest payments which are received by a Grantor contrary to the provisions of paragraph (A) of this subsection shall be received in trust for the benefit of the Agent, shall be segregated from other property or funds of such Grantor, and shall be forthwith paid over to the Agent as Collateral in the exact form received, to be held by the Agent as Collateral and as further collateral security for the Secured Obligations.

Dividend Rights in Respect of the Collateral. (i) So long as no Event of Default shall have occurred and be continuing and subject to Section 4(b) hereof, each Grantor the Pledgor may receive and retain any and all dividends and other distributions (other than stock dividends and other dividends distributions constituting Collateral which are addressed hereinabove) or interest paid in respect of the Collateral to the extent they are allowed under each of the Credit AgreementsDocuments. (ii) Upon the occurrence and during the continuance of an Event of Default: (A) all rights of a Grantor the Pledgor to receive the dividends dividends, other distributions and interest payments which it would otherwise be authorized to receive and retain pursuant to paragraph (i) of this subsection shall cease and all such rights shall thereupon be vested in the Agent, Pledgee which shall then have the sole right to receive and hold as Collateral such dividends dividends, other distributions and interest paymentspayments as Collateral; and (B) all dividends and interest payments which are received by a Grantor the Pledgor contrary to the provisions of paragraph (A) of this subsection clause shall be received in trust for the benefit of the AgentCreditor Parties, shall be segregated from other property or funds of such Grantor, the Pledgor and shall be forthwith paid over to the Agent Pledgee as Collateral in the exact form received, to be held by the Agent Pledgee as Collateral and as further collateral security for the Secured Obligations.

Dividend Rights in Respect of the Collateral. (i) So long as no Event of Default shall have occurred and be continuing and subject to Section 4(b) hereof, each Grantor the Pledgor may receive and retain any and all dividends and other distributions (other than stock dividends and other dividends distributions constituting Collateral which are addressed hereinabove) or interest paid in respect of the Collateral to the extent they are allowed under each of the Credit Agreements. (ii) Documents. Upon the occurrence and during the continuance of an Event of Default: (A) : all rights of a Grantor the Pledgor to receive the dividends dividends, other distributions and interest payments which it would otherwise be authorized to receive and retain pursuant to paragraph (i) of this subsection shall cease and all such rights shall thereupon be vested in the Agent, Calliope which shall then have the sole right to receive and hold as Collateral such dividends dividends, other distributions and interest paymentspayments as Collateral; and (B) and all dividends and interest payments which are received by a Grantor the Pledgor contrary to the provisions of paragraph (A) of this subsection clause shall be received in trust for the benefit of the AgentCalliope, shall be segregated from other property or funds of such Grantor, the Pledgor and shall be forthwith paid over to the Agent Calliope as Collateral in the exact form received, to be held by the Agent Calliope as Collateral and as further collateral security for the Secured Obligations.

Dividend Rights in Respect of the Collateral. (i) So long as no Event of Default shall have occurred and be continuing and subject to Section 4(b) hereof, each Grantor Pledgor may receive and retain any and all dividends (other than stock dividends and other dividends constituting Collateral which are addressed hereinabove) or interest paid in respect of the Collateral to the extent they are allowed under each of the Credit AgreementsAgreement. (ii) Upon the occurrence and during the continuance of an Event of Default: (A) all rights of a Grantor Pledgor to receive the dividends and interest payments which it would otherwise be authorized to receive and retain pursuant to paragraph (i) of this subsection Section shall cease and all such rights shall thereupon be vested in the Agent, Administrative Agent which shall then have the sole right to receive and hold as Collateral such dividends and interest payments; and (B) all dividends and interest payments which are received by a Grantor Pledgor contrary to the provisions of paragraph (A) of this subsection shall be received in trust for the benefit of the Administrative Agent, shall be segregated from other property or funds of such GrantorPledgor, and shall be forthwith paid over to the Administrative Agent as Collateral in the exact form received, to be held by the Administrative Agent as Collateral and as further collateral security for the Secured Pledgor Obligations.

Dividend Rights in Respect of the Collateral. (i) So long as no Event of Default shall have occurred and be continuing and subject to Section 4(b) hereof, each Grantor Pledgor may receive and retain any and all dividends and other distributions (other than stock dividends and other dividends distributions constituting Collateral which are addressed hereinabove) or interest paid in respect of the Collateral to the extent they are allowed under each of the Credit AgreementsDocuments. (ii) Upon the occurrence and during the continuance of an Event of Default: (A) all rights of a Grantor each Pledgor to receive the dividends dividends, other distributions and interest payments which it would otherwise be authorized to receive and retain pursuant to paragraph (i) of this subsection shall cease and all such rights shall thereupon be vested in Agent, for the ratable benefit of the Creditor Parties, or Agent’s designee, which shall then have the sole right to receive and hold as Collateral such dividends dividends, other distributions and interest paymentspayments as Collateral; and (B) all dividends and interest payments which are received by a Grantor Pledgor contrary to the provisions of paragraph (A) of this subsection clause shall be received in trust for the benefit of Agent, for the ratable benefit of the Creditor Parties, or the Agent’s designee, shall be segregated from other property or funds of such Grantor, Pledgor and shall be forthwith paid over to the Agent or its designee as Collateral in the exact form received, to be held by the Agent or its designee as Collateral and as further collateral security for the Secured Obligations.

Dividend Rights in Respect of the Collateral. (i) So long as no Event of Default shall have occurred and be continuing or no other Document prohibits the making or receiving of any dividends and other distributions and subject to Section 4(b) hereof, each Grantor Pledgors may receive and retain any and all dividends and other distributions (other than stock dividends and other dividends distributions constituting Collateral which are addressed hereinabove) or interest paid in respect of the Collateral to the extent they are allowed under each of the Credit AgreementsDocuments. (ii) Upon the occurrence and during the continuance of an Event of Default: (A) all rights of a Grantor each Pledgor to receive the dividends dividends, other distributions and interest payments which it would otherwise be authorized to receive and retain pursuant to paragraph (i) of this subsection shall cease and all such rights shall thereupon be vested in the Agent, Laurus which shall then have the sole right to receive and hold as Collateral such dividends dividends, other distributions and interest paymentspayments as Collateral; and (B) all dividends and interest payments which are received by a Grantor any Pledgor contrary to the provisions of paragraph (A) of this subsection clause shall be received in trust for the benefit of the AgentLaurus, shall be segregated from other property or funds of such Grantor, Pledgor and shall be forthwith paid over to the Agent Laurus as Collateral in the exact form received, to be held by the Agent Laurus as Collateral and as further collateral security for the Secured Obligations.

Dividend Rights in Respect of the Collateral. (i) So long as no Event of Default shall have occurred and be continuing and subject to Section 4(b) hereof, each Grantor Pledgor may receive and retain any and all dividends (other than stock dividends and other dividends distributions constituting Collateral which are addressed hereinabove) or interest paid in respect of the Collateral to the extent they are allowed under each of the Credit AgreementsPurchase Documents. (ii) Upon the occurrence and during the continuance of an Event of Default: (A) all rights of a Grantor Pledgor to receive the dividends and interest payments which it would otherwise be authorized to receive and retain pursuant to paragraph (i) of this subsection shall cease and all such rights shall thereupon be vested in the Agent, Laurus which shall then have the sole right to receive and hold as Collateral such dividends and interest payments; and (B) all dividends and interest payments which are received by a Grantor Pledgor contrary to the provisions of paragraph (A) of this subsection clause shall be received in trust for the benefit of the AgentLaurus, shall be segregated from other property or funds of such GrantorPledgor, and shall be forthwith paid over to the Agent Laurus as Collateral in the exact form received, to be held by the Agent Laurus as Collateral and as further collateral security for the Secured Obligations.