Dividends, Distributions, Etc. If, prior to irrevocable repayment in full in cash of the Obligations, the Pledgor shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests or otherwise, such Pledgor agrees, in each case, to accept the same as Pledgee’s agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five days) to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by Pledgee. The Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum to this Agreement. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests which are received by the Pledgor shall, until paid or delivered to Pledgee, be held by Pledgor in trust as additional Pledged Collateral.
Appears in 6 contracts
Samples: Pledge Agreement, Pledge Agreement (OncBioMune Pharmaceuticals, Inc), Pledge Agreement (OncBioMune Pharmaceuticals, Inc)
Dividends, Distributions, Etc. If, prior to irrevocable repayment in full in cash of the ObligationsLiabilities, the Pledgor shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Shares or otherwise, such Pledgor agrees, in each case, to accept the same as Pledgee’s agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five daysBusiness Days) to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by PledgeePledgee in writing. The Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum to this Agreement. In case any distribution of capital shall be made on or in respect of the Pledged Shares or any property shall be distributed upon or with respect to the Pledged Shares pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the property so distributed shall be delivered to Pledgee to be held by it as additional Pledged Collateral. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests Shares which are received by the Pledgor shall, until paid or delivered to Pledgee, be held by Pledgor in trust as additional Pledged Collateral.
Appears in 5 contracts
Samples: Pledge Agreement (Sonterra Resources, Inc.), Pledge Agreement (Longview Fund Lp), Pledge Agreement (Sonterra Resources, Inc.)
Dividends, Distributions, Etc. If, prior to irrevocable repayment in full in cash of the Obligations (other than Obligations which expressly survive termination of this Agreement by their terms which shall include without limitation any contingent indemnification Obligations), the Pledgor shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests or otherwise, such Pledgor agrees, in each case, to accept the same as Pledgeethe Collateral Agent’s agent and to hold the same in trust for Pledgeethe Collateral Agent, and to deliver the same promptly (but in any event within five days) to Pledgee the Collateral Agent in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee the Collateral Agent subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to Pledgee the Collateral Agent (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by Pledgeethe Collateral Agent. The Pledgor hereby authorizes Pledgee the Collateral Agent to attach each such Pledge Addendum to this Agreement. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests which are received by the Pledgor shall, until paid or delivered to Pledgeethe Collateral Agent, be held by the Pledgor in trust as additional Pledged Collateral.
Appears in 2 contracts
Samples: Security Agreement (Zhibao Technology Inc.), Pledge Agreement (Healthcare Triangle, Inc.)
Dividends, Distributions, Etc. If, prior to irrevocable repayment in full in cash of the Obligations, the Pledgor shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests or otherwise, such Pledgor agrees, in each case, to accept the same as the Pledgee’s agent and to hold the same in trust for the Pledgee, and to deliver the same promptly (but in any event within five days) to the Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by the Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to the Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by the Pledgee. The Pledgor hereby authorizes the Pledgee to attach each such Pledge Addendum to this Agreement. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests which are received by the Pledgor shall, until paid or delivered to the Pledgee, be held by the Pledgor in trust as additional Pledged Collateral.
Appears in 2 contracts
Samples: Pledge Agreement, Pledge Agreement (OncBioMune Pharmaceuticals, Inc)
Dividends, Distributions, Etc. If, prior while this Agreement is in effect, Pledgor shall become entitled to irrevocable repayment in full in cash of the Obligations, the Pledgor receive or shall receive any certificate (including, without limitation, any certificate representing a dividend rights or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rightssecurities, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Shares, or otherwise, such Pledgor agrees, in each case, agrees to accept the same as Pledgee’s agent for the Pledgees and to hold the same in trust for Pledgee, the Pledgees and to deliver the same promptly (but in any event within five days) forthwith to Pledgee the Pledgees in the exact form received, with the endorsement of such Pledgor when necessary and/or with and appropriate and undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee the Pledgees, subject to the terms hereof, as additional security for the Liabilities, and the securities represented by such certificates shall become part of the "Pledged CollateralShares" for all purposes of this Agreement. The Pledgor In case any dividends are paid in respect of the Pledged Shares or any property shall promptly deliver to Pledgee (i) a Pledge Addendum be distributed upon or with respect to such additional certificatesthe Pledged Shares for any reason whatsoever, and (ii) any financing statements or amendments the property so distributed shall be delivered to financing statements the Pledgees, to be held by the Pledgees as requested by Pledgeecollateral security for the Liabilities. The Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum to this Agreement. Except as provided in Section 5(b) below, all All sums of money and property so paid or distributed in respect of the Pledged Interests Shares which are received by the Pledgor shall, until paid or delivered to Pledgeethe Pledgees, be held by Pledgor in trust as additional Pledged Collateralsecurity for the Liabilities.
Appears in 2 contracts
Samples: Pledge Agreement (Skyline Multimedia Entertainment Inc), Pledge Agreement (Prospect Street Nyc Discovery Fund Lp)
Dividends, Distributions, Etc. If, prior to irrevocable repayment in full in cash of the ObligationsLiabilities, the any Pledgor shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests or otherwise, such Pledgor agrees, in each case, to accept the same as Pledgee’s agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five days) to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee subject to the terms hereof, as additional Pledged Collateral. The applicable Pledgor shall promptly deliver to Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by Pledgee. The Each Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum to this Agreement. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests which are received by the any Pledgor shall, until paid or delivered to Pledgee, be held by Pledgor in trust as additional Pledged Collateral.
Appears in 2 contracts
Samples: Pledge Agreement (usell.com, Inc.), Pledge Agreement (usell.com, Inc.)
Dividends, Distributions, Etc. If, prior to irrevocable repayment the Payment in full in cash Full of the Obligations, the any Pledgor shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests or otherwise, such Pledgor agrees, in each case, to accept the same as the Pledgee’s agent and to hold the same in trust for the Pledgee, and to deliver the same promptly (but in any event within five days(5) Business Days of receipt) to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by the Pledgee subject to the terms hereof, as additional Pledged Collateral. The applicable Pledgor shall promptly deliver to the Pledgee (i) a Pledge Addendum Supplement with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by the Pledgee. The Each Pledgor hereby authorizes the Pledgee to attach each such Pledge Addendum Supplement to this Agreement. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests which are received by the any Pledgor shall, until paid or delivered to the Pledgee, be held by each Pledgor in trust as additional Pledged Collateral.
Appears in 2 contracts
Samples: Pledge Agreement (Workhorse Group Inc.), Pledge Agreement
Dividends, Distributions, Etc. If, prior while this Agreement is in effect, any Pledgor shall become entitled to irrevocable repayment in full in cash of the Obligations, the Pledgor receive or shall receive any certificate (including, without limitation, any certificate representing a an equity dividend or a an equity distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Interests, or otherwise, such Pledgor agrees, in each case, agrees to accept the same as Pledgee’s agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five days) forthwith to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers certificate duly executed in blank, to be held by Pledgee Pledgee, subject to the terms hereof, as additional Pledged Collateral. The Pledgor Except as provided in subsection 5(a)(ii) below, in case any distribution of capital shall promptly deliver to Pledgee (i) a Pledge Addendum be made on or in respect of the Pledged Interests or any property shall be distributed upon or with respect to such additional certificatesthe Pledged Interests pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, and (ii) any financing statements or amendments the property so distributed shall be delivered to financing statements as requested by Pledgee. The Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum to this Agreementbe held by it as additional Pledged Collateral. Except as provided in Section 5(bsubsection 5(a)(ii) below, all sums of money and property so paid or distributed in respect of the Pledged Interests which are received by the a Pledgor shall, until paid or delivered to Pledgee, be held by such Pledgor in trust as additional Pledged Collateral.
Appears in 2 contracts
Samples: Pledge Agreement (Global Telecom & Technology, Inc.), Pledge Agreement (Global Telecom & Technology, Inc.)
Dividends, Distributions, Etc. If, prior to irrevocable repayment in full in cash of the Obligations, the Pledgor shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests or otherwise, such Pledgor agrees, in each case, to accept the same as Pledgeethe Collateral Agent’s agent and to hold the same in trust for Pledgeethe Collateral Agent, and to deliver the same promptly (but in any event within five days) to Pledgee the Collateral Agent in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee the Collateral Agent subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to Pledgee the Collateral Agent (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by Pledgeethe Collateral Agent. The Pledgor hereby authorizes Pledgee the Collateral Agent to attach each such Pledge Addendum to this Agreement. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests which are received by the Pledgor shall, until paid or delivered to Pledgeethe Collateral Agent, be held by the Pledgor in trust as additional Pledged Collateral.
Appears in 2 contracts
Samples: Securities Purchase Contract (Ascent Solar Technologies, Inc.), Pledge Agreement (American International Holdings Corp.)
Dividends, Distributions, Etc. If, prior to irrevocable repayment while this Agreement is in full in cash of the Obligationseffect, the Pledgor shall become entitled to receive or shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Shares or otherwise, such the Pledgor agrees, in each case, to accept the same as the Pledgee’s agent and to hold the same in trust for the Pledgee, and to deliver the same promptly (but in any event within five three days) to the Pledgee in the exact form received, with the endorsement of such the Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by the Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to the Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by the Pledgee. The Pledgor hereby authorizes the Pledgee to attach each such Pledge Addendum to this Agreement. In case any distribution of capital shall be made on or in respect of the Pledged Shares or any property shall be distributed upon or with respect to the Pledged Shares pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the property so distributed shall be delivered to the Pledgee to be held by it as additional Pledged Collateral. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests Shares which are received by the Pledgor shall, until paid or delivered to the Pledgee, be held by the Pledgor in trust as additional Pledged Collateral.
Appears in 2 contracts
Samples: Shareholder Pledge Agreement (Kaching Kaching, Inc.), Shareholder Pledge Agreement (Kaching Kaching, Inc.)
Dividends, Distributions, Etc. If, prior to irrevocable repayment while this Agreement is in full in cash of the Obligationseffect, the any Pledgor shall become entitled to receive or shall possess or receive any certificate (including, without limitation, any certificate representing a an equity dividend or a an equity distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any other securities, options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Interests, or otherwise, such Pledgor agrees, in each case, agrees to accept the same as Pledgee’s agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five days) forthwith to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers certificate duly executed in blank, to be held by Pledgee Pledgee, subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by Pledgee. The Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum to this Agreement. Except as provided in Section 5(b6(a)(ii) below, in case any distribution of capital shall be made on or in respect of the Pledged Interests or any property shall be distributed upon or with respect to the Pledged Interests pursuant to the recapitalization or reclassification of the capital of the Issuer or pursuant to the reorganization thereof, the property so distributed shall be delivered to Pledgee to be held by it as additional Collateral. Except as provided in Section 6(a)(ii) below, all sums of money and property so paid or distributed in respect of the Pledged Interests which are received by the a Pledgor shall, until paid or delivered to Pledgee, be held by such Pledgor in trust as additional Pledged Collateral.
Appears in 2 contracts
Samples: Non Recourse Guaranty and Pledge Agreement, Non Recourse Guaranty and Pledge Agreement (Moyes Jerry)
Dividends, Distributions, Etc. If, prior while this Agreement is in effect, Pledgor shall become entitled to irrevocable repayment in full in cash of the Obligations, the Pledgor receive or shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Shares or otherwise, such Pledgor agrees, in each case, to accept the same as Pledgee’s agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five days(5) Business Days) to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by Pledgee. The Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum Amendment to this Agreement. Subject to Section 5(b) below, in case any distribution of capital shall be made on or in respect of the Pledged Shares or any property shall be distributed upon or with respect to the Pledged Shares pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the property so distributed shall be delivered to Pledgee to be held by it as additional Pledged Collateral. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests Shares which are received by the Pledgor shall, until paid or delivered to Pledgee, be held by Pledgor in trust as additional Pledged Collateral.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Cumulus Investors LLC), Pledge Agreement (Averion International Corp.)
Dividends, Distributions, Etc. If, prior to irrevocable repayment in full in cash of the Obligations, the any Pledgor shall receive any certificate or notice (including, without limitation, any certificate or notice representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any Proceeds, options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Shares or otherwise, such Pledgor Xxxxxxx agrees, in each case, to accept the same as PledgeeXxxxxxx’s agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five days) to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, blank to be held by Pledgee subject to the terms hereof, as additional Pledged Collateral. The Each Pledgor shall promptly deliver to Pledgee (i) a Pledge Addendum with respect to such additional certificatescertificates or notices, and (ii) any financing statements or amendments to financing statements as requested by Pledgee. The Each Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum to this Agreement. Except as provided in Section 5(b4(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests Shares which are received by the any Pledgor shall, until paid or delivered to Pledgee, be held by such Pledgor in trust for Pledgee as additional Pledged Collateral.
Appears in 1 contract
Dividends, Distributions, Etc. If, prior while this Agreement is in effect, Pledgor shall become entitled to irrevocable repayment in full in cash of the Obligations, the Pledgor receive or shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Shares or otherwise, such the Pledgor agrees, in each case, to accept the same as the Pledgee’s agent and to hold the same in trust for the Pledgee, and to deliver the same promptly (but in any event within five three days) to the Pledgee in the exact form received, with the endorsement of such the Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by the Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to the Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by the Pledgee. The Pledgor hereby authorizes the Pledgee to attach each such Pledge Addendum Amendment to this Agreement. In case any distribution of capital shall be made on or in respect of the Pledged Shares or any property shall be distributed upon or with respect to the Pledged Shares pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the property so distributed shall be delivered to the Pledgee to be held by it as additional Pledged Collateral. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests Shares which are received by the Pledgor shall, until paid or delivered to the Pledgee, be held by the Pledgor in trust as additional Pledged Collateral.
Appears in 1 contract
Dividends, Distributions, Etc. If, prior while this Agreement is in effect, Pledgor shall become entitled to irrevocable repayment in full in cash of the Obligations, the Pledgor receive or shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Shares or otherwise, such Pledgor agrees, in each case, to accept the same as Pledgee’s agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five three days) to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by Pledgee. The Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum to this Agreement. Except In case any distribution of capital shall be made on or in respect of the Pledged Shares or any property shall be distributed upon or with respect to the Pledged Shares pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the property so distributed shall be delivered to Pledgee to be held by it as provided in Section 5(b) below, all additional Pledged Collateral. All sums of money and property so paid or distributed in respect of the Pledged Interests Shares which are received by the Pledgor shall, until paid or delivered to Pledgee, be held by Pledgor in trust as additional Pledged Collateral.
Appears in 1 contract
Dividends, Distributions, Etc. If, prior while this Agreement is in effect, Pledgor shall become entitled to irrevocable repayment in full in cash of the Obligations, the Pledgor receive or shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Shares or otherwise, such Pledgor agrees, in each case, to accept the same as Pledgee’s agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five three days) to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by Pledgee. The Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum Amendment to this Agreement. In case any distribution of capital shall be made on or in respect of the Pledged Shares or any property shall be distributed upon or with respect to the Pledged Shares pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the property so distributed shall be delivered to Pledgee to be held by it as additional Pledged Collateral. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests Shares which are received by the Pledgor shall, until paid or delivered to Pledgee, be held by Pledgor in trust as additional Pledged Collateral.
Appears in 1 contract
Samples: Pledge Agreement (interCLICK, Inc.)
Dividends, Distributions, Etc. If, prior to irrevocable repayment in full in cash of the ObligationsLiabilities, the Pledgor shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Shares or otherwise, such Pledgor agrees, in each case, to accept the same as Pledgee’s 's agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five daysBusiness Days) to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by PledgeePledgee in writing. The Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum to this Agreement. In case any distribution of capital shall be made on or in respect of the Pledged Shares or any property shall be distributed upon or with respect to the Pledged Shares pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the property so distributed shall be delivered to Pledgee to be held by it as additional Pledged Collateral. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests Shares which are received by the Pledgor shall, until paid or delivered to Pledgee, be held by Pledgor in trust as additional Pledged Collateral.
Appears in 1 contract
Dividends, Distributions, Etc. If, prior to irrevocable repayment in full in cash of the Obligations, the Pledgor shall receive any certificate or notice (including, without limitation, any certificate or notice representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any Proceeds, options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Shares or otherwise, such Pledgor Xxxxxxx agrees, in each case, to accept the same as PledgeeXxxxxxx’s agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five days) to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to Pledgee (i) a Pledge Addendum with respect to such additional certificatescertificates or notices, and (ii) any financing statements or amendments to financing statements as requested by Pledgee. The Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum to this Agreement. Except as provided in Section 5(b4(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests Shares which are received by the Pledgor shall, until paid or delivered to Pledgee, be held by Pledgor in trust for Pledgee as additional Pledged Collateral.
Appears in 1 contract
Dividends, Distributions, Etc. If, prior while this Agreement is in effect, any Pledgor shall become entitled to irrevocable repayment in full in cash of the Obligations, the Pledgor receive or shall receive any certificate (including, without limitation, any certificate representing a an equity dividend or a an equity distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Interests, or otherwise, such Pledgor agrees, in each case, agrees to accept the same as Pledgee’s agent and to hold the same in trust for Pledgee, and and, except as otherwise provided in the Intercreditor Agreement, to deliver the same promptly (but in any event within five days) forthwith to Pledgee in the exact form received, with the endorsement of such Pledgor Pledgor, when necessary and/or with appropriate appropriate, undated assignments separate from certificates or stock powers certificate duly executed in blank, to be held by Pledgee, for the benefit of Pledgee and the Lenders, subject to the terms hereof, as additional Pledged Collateral. The Pledgor Except as provided in subsection 5(a)(ii) below, in case any distribution of capital shall promptly deliver to Pledgee (i) a Pledge Addendum be made on or in respect of the Pledged Interests or any property shall be distributed upon or with respect to such additional certificatesthe Pledged Interests pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, and (ii) any financing statements or amendments the property so distributed shall, except as otherwise provided in the Intercreditor Agreement, be delivered to financing statements as requested by Pledgee. The Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum to this Agreementbe held by it as additional Pledged Collateral. Except as provided in Section 5(bsubsection 5(a)(ii) below, all sums of money and property so paid or distributed in respect of the Pledged Interests which are received by the a Pledgor shall, until paid or delivered to Pledgee, be held by such Pledgor in trust as additional Pledged Collateral.
Appears in 1 contract
Samples: Pledge Agreement (Bombay Co Inc)
Dividends, Distributions, Etc. If, prior to irrevocable repayment in full in cash of the Obligations, the Pledgor shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests or otherwise, such Pledgor agrees, in each case, to accept the same as the Pledgee’s 's agent and to hold the same in trust for the Pledgee, and to deliver the same promptly (but in any event within five days) to the Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by the Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to the Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by the Pledgee. The Pledgor hereby authorizes the Pledgee to attach each such Pledge Addendum to this Agreement. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests which are received by the Pledgor shall, until paid or delivered to the Pledgee, be held by the Pledgor in trust as additional Pledged Collateral.
Appears in 1 contract
Samples: Pledge Agreement (Esports Entertainment Group, Inc.)
Dividends, Distributions, Etc. If, prior while this Agreement is in effect, Pledgor shall become entitled to irrevocable repayment in full in cash of the Obligations, the Pledgor receive or shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Shares or otherwise, such Pledgor agrees, in each case, to accept the same as Pledgee’s agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five ten (10) business days) to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by Pledgee. The Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum Amendment to this Agreement. In case any distribution of capital shall be made on or in respect of the Pledged Shares or any property shall be distributed upon or with respect to the Pledged Shares pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the property so distributed shall be delivered to Pledgee to be held by it as additional Pledged Collateral. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests Shares which are received by the Pledgor shall, until paid or delivered to Pledgee, be held by Pledgor in trust as additional Pledged Collateral.
Appears in 1 contract
Dividends, Distributions, Etc. If, prior to irrevocable repayment in full in cash of the Obligations, the Pledgor shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests or otherwise, such Pledgor agrees, in each case, to accept the same as PledgeeXxxxxxx’s agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five days) to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to Pledgee Pledgee
(i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by PledgeeXxxxxxx. The Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum to this Agreement. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests which are received by the Pledgor shall, until paid or delivered to Pledgee, be held by Pledgor in trust as additional Pledged Collateral.
Appears in 1 contract
Samples: Pledge Agreement
Dividends, Distributions, Etc. If, prior to irrevocable repayment while this Agreement is in full in cash of the Obligationseffect, the Pledgor shall become entitled to receive or shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Shares or otherwise, such the Pledgor agrees, in each case, to accept the same as the Pledgee’s agent and to hold the same in trust for the Pledgee, and to deliver the same promptly (but in any event within five three days) to the Pledgee in the exact form received, with the endorsement of such the Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by the Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to the Pledgee (ia) a Pledge Addendum with respect to such additional certificates, and (iib) any financing statements or amendments to financing statements as requested by the Pledgee. The Pledgor hereby authorizes the Pledgee to attach each such Pledge Addendum to this Agreement. In case any distribution of capital shall be made on or in respect of the Pledged Shares or any property shall be distributed upon or with respect to the Pledged Shares pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the property so distributed shall be delivered to the Pledgee to be held by it as additional Pledged Collateral. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests Shares which are received by the Pledgor shall, until paid or delivered to the Pledgee, be held by the Pledgor in trust as additional Pledged Collateral.
Appears in 1 contract
Samples: Pledge Agreement (Friendable, Inc.)
Dividends, Distributions, Etc. If, prior while this Agreement is in effect, Pledgor shall become entitled to irrevocable repayment in full in cash of the Obligations, the Pledgor receive or shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Shares or otherwise, such Pledgor agrees, in each case, to accept the same as Pledgee’s agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five three days) to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blankblank (which assignments separate from certificates or stock powers may be filled in and completed at any time upon the occurrence of any Event of Default), to be held by Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by Pledgee. The Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum to this Agreement. Except In case any distribution of capital shall be made on or in respect of the Pledged Shares or any property shall be distributed upon or with respect to the Pledged Shares pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the property so distributed shall be delivered to Pledgee to be held by it as provided in Section 5(b) below, all additional Pledged Collateral. All sums of money and property so paid or distributed in respect of the Pledged Interests Shares which are received by the Pledgor shall, until paid or delivered to Pledgee, be held by Pledgor in trust as additional Pledged Collateral.
Appears in 1 contract
Samples: Pledge Agreement (Mru Holdings Inc)
Dividends, Distributions, Etc. (a) If, prior to irrevocable repayment while this Agreement is in full in cash of the Obligationseffect, the Pledgor shall become entitled to receive or shall receive any certificate representing the Pledged Shares (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any warrants, options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests or otherwiseShares (the “Securities Distributions”), such the Pledgor agrees, in each case, agrees to accept the same as Pledgee’s the Secured Parties’ agent and to hold the same in trust for Pledgeethe Secured Parties, and to deliver the same promptly (but in any event within five days) forthwith to Pledgee the Secured Parties in the exact form received, with the endorsement of such the Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blanknecessary, to be held by Pledgee subject to the terms hereof, Secured Parties as additional Pledged Collateralcollateral security for the Guaranteed Obligations. The Pledgor shall promptly deliver to Pledgee the Secured Parties (i) a pledge amendment, duly executed by the Pledgors, in substantially the form of Exhibit B hereto (a “Pledge Addendum Amendment”) with respect to such additional certificatesany Securities Distributions, and (ii) any financing statements and control agreements (or amendments to financing statements thereto) as reasonably requested by Pledgeethe Secured Parties. The Pledgor hereby authorizes Pledgee the Secured Parties to attach each such Pledge Addendum Amendment to this Agreement. Except as provided in Section 5(b.
(b) below, all All sums of money and property so paid or distributed in respect of the Pledged Interests which Shares (the “Cash Distributions”) that are received by the Pledgor shall, until paid or delivered to Pledgeethe Escrow Account (defined below) or the Secured Parties directly, be held by the Pledgor in trust as additional Pledged Collateralcollateral security for the Guaranteed Obligations.
(c) The Pledgor shall promptly deposit such Cash Distributions into an escrow account (the “Escrow Account”) pursuant to the terms of an escrow agreement to be entered into among the Pledgor, the Secured Parties and an escrow agent.
Appears in 1 contract
Samples: Guarantee and Pledge Agreement (China Biologic Products, Inc.)
Dividends, Distributions, Etc. If, prior to irrevocable repayment the Payment in full in cash Full of the Obligations, the any Pledgor shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests or otherwise, such Pledgor agrees, in each case, to accept the same as Pledgee’s agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five (5) days) to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee subject to the terms hereof, as additional Pledged Collateral. The applicable Pledgor shall promptly deliver to Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by Pledgee. The Pledgor hereby authorizes Pledgee to attach each such Pledge Addendum to this Agreement. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests which are received by the any Pledgor shall, until paid or delivered to Pledgee, be held by Pledgor in trust as additional Pledged Collateral.
Appears in 1 contract
Dividends, Distributions, Etc. If, prior to irrevocable repayment in full in cash of the Obligations, the each Pledgor shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests or otherwise, such Pledgor agrees, in each case, to accept the same as Pledgeethe Collateral Agent’s agent and to hold the same in trust for Pledgeethe Collateral Agent, and to deliver the same promptly (but in any event within five days) to Pledgee the Collateral Agent in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee the Collateral Agent subject to the terms hereof, as additional Pledged Collateral. The Each Pledgor shall promptly deliver to Pledgee the Collateral Agent (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by Pledgeethe Collateral Agent. The Each Pledgor hereby authorizes Pledgee the Collateral Agent to attach each such Pledge Addendum to this Agreement. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests which are received by the a Pledgor shall, until paid or delivered to Pledgeethe Collateral Agent, be held by such Pledgor in trust as additional Pledged Collateral.
Appears in 1 contract
Samples: Pledge Agreement (Helix TCS, Inc.)
Dividends, Distributions, Etc. (a) If, prior to irrevocable repayment while this Agreement is in full in cash of the Obligationseffect, the Pledgor shall become entitled to receive or shall receive any certificate representing the Pledged Shares (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any warrants, options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests or otherwiseShares (the “Securities Distributions”), such the Pledgor agrees, in each case, agrees to accept the same as Pledgee’s the Secured Parties’ agent and to hold the same in trust for Pledgeethe Secured Parties, and to deliver the same promptly (but in any event within five days) forthwith to Pledgee the Secured Parties in the exact form received, with the endorsement of such the Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blanknecessary, to be held by Pledgee subject to the terms hereof, Secured Parties as additional Pledged Collateralcollateral security for the Secured Obligations. The Pledgor shall promptly deliver to Pledgee the Secured Parties (i) a pledge amendment, duly executed by the Pledgors, in substantially the form of Exhibit B hereto (a “Pledge Addendum Amendment”) with respect to such additional certificatesany Securities Distributions, and (ii) any financing statements and control agreements (or amendments to financing statements thereto) as reasonably requested by Pledgeethe Secured Parties. The Pledgor hereby authorizes Pledgee the Secured Parties to attach each such Pledge Addendum Amendment to this Agreement. Except as provided in Section 5(b.
(b) below, all All sums of money and property so paid or distributed in respect of the Pledged Interests which Shares (the “Cash Distributions”) that are received by the Pledgor shall, until paid or delivered to Pledgeethe Escrow Account (defined below) or the Secured Parties directly, be held by the Pledgor in trust as additional Pledged Collateralcollateral security for the Secured Obligations.
(c) The Pledgor shall promptly deposit such Cash Distributions into an escrow account (the “Escrow Account”) pursuant to the terms of an escrow agreement to be entered into among the Pledgor, the Secured Parties and an escrow agent.
Appears in 1 contract
Samples: Pledge Agreement (JINHAO MOTOR Co)
Dividends, Distributions, Etc. If, prior while this Agreement is in effect, Pledgors shall become entitled to irrevocable repayment in full in cash of the Obligations, the Pledgor receive or shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Merger Shares, Pledged Interests Shares or otherwise, such Pledgor agreesPledgors agree, in each case, to accept the same as Pledgee’s agent and to hold the same in trust for Pledgee, and to deliver the same promptly (but in any event within five three days) to Pledgee in the exact form received, with the endorsement of such Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor Pledgors shall promptly deliver to Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by Pledgee. The Pledgor Pledgors hereby authorizes authorize Pledgee to attach each such Pledge Addendum Amendment to this Agreement. In case any distribution of capital shall be made on or in respect of the Merger Shares or Pledged Shares or any property shall be distributed upon or with respect to the Pledged Shares pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the property so distributed shall be delivered to Pledgee to be held by it as additional Pledged Collateral. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Merger Shares or Pledged Interests Shares which are received by the Pledgor Pledgors shall, until paid or delivered to Pledgee, be held by Pledgor Pledgors in trust as additional Pledged Collateral.
Appears in 1 contract
Dividends, Distributions, Etc. If, prior to irrevocable repayment while this Agreement is in full in cash of the Obligationseffect, the Pledgor shall become entitled to receive or shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization, merger or consolidation), or any options or rights, whether as an addition to, in substitution for, or in exchange for any of the Pledged Interests Shares or otherwise, such the Pledgor agrees, in each case, to accept the same as the Pledgee’s agent and to hold the same in trust for the Pledgee, and to deliver the same promptly (but in any event within five three days) to the Pledgee in the exact form received, with the endorsement of such the Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock powers duly executed in blank, to be held by the Pledgee subject to the terms hereof, as additional Pledged Collateral. The Pledgor shall promptly deliver to the Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or amendments to financing statements as requested by the Pledgee. The Pledgor hereby authorizes the Pledgee to attach each such Pledge Addendum to this Agreement. In case any distribution of capital shall be made on or in respect of the Pledged Shares or any property shall be distributed upon or with respect to the Pledged Shares pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the property so distributed shall be delivered to the Pledgee to be held by it as additional Pledged Collateral. Except as provided in Section 5(b) below, all sums of money and property so paid or distributed in respect of the Pledged Interests Shares which are received by the Pledgor shall, until paid or delivered to the Pledgee, be held by the Pledgor in trust as additional Pledged Collateral.
Appears in 1 contract
Samples: Shareholder Pledge Agreement (Kaching Kaching, Inc.)