Common use of Dividends and Distributions Held in Trust Clause in Contracts

Dividends and Distributions Held in Trust. All dividends and other ----------------------------------------- distributions which are received by any Grantor contrary to the provisions of Section 7(a) 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 the Agent as Collateral in the same form as so received (with any necessary endorsements).

Appears in 2 contracts

Samples: Security Agreement (Entravision Communications Corp), Security Agreement (Entravision Communications Corp)

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Dividends and Distributions Held in Trust. All dividends and other ----------------------------------------- distributions which are received by any Grantor Pledgor contrary to the provisions of Section 7(a) of this Agreement shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of such Grantor Pledgor and forthwith shall be paid over to the Agent as Collateral in the same form as so received (with any necessary endorsements).

Appears in 2 contracts

Samples: Pledge Agreement (Entravision Communications Corp), Pledge Agreement (Entravision Communications Corp)

Dividends and Distributions Held in Trust. All dividends and other ----------------------------------------- distributions which that are received by any Grantor Pledgor contrary to the provisions of Section 7(a) of this Agreement shall be received in trust for the benefit of the Secured Party, shall be segregated from other funds of such Grantor Pledgor and forthwith shall be paid over to the Agent as Collateral in the same form as so received (with any necessary endorsements).

Appears in 2 contracts

Samples: Pledge Agreement (Entravision Communications Corp), Pledge Agreement (Entravision Communications Corp)

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Dividends and Distributions Held in Trust. All dividends and other ----------------------------------------- distributions which are received by any Grantor the Pledgor contrary to the provisions of Section 7(a) of the Letter Agreement or this Agreement shall be received in trust for the benefit of the Secured Party, shall be segregated from other funds of such Grantor the Pledgor, and forthwith shall be paid over to the Agent Secured Party as Pledged Collateral in the same form as so received (with any necessary endorsements).

Appears in 1 contract

Samples: Pledge Agreement (Tracinda Corp)

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