Common use of Dividends, Distributions, Etc Clause in Contracts

Dividends, Distributions, Etc. If, while this Pledge Agreement is in effect, the Stockholder becomes entitled to receive or receives any stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital or issued in connection with any reorganization), option or rights, whether as an addition to, in substitution of, or in exchange for, any shares of Pledged Stock or otherwise, the Stockholder agrees to accept the same as agent for the Lender, to hold the same in trust on behalf of and for the benefit of the Lender and to deliver the same forthwith to the Escrow Agent in the exact form received, with the endorsement of the Stockholder when necessary and/or appropriate undated stock or other powers duly executed in blank, to be held by the Escrow Agent, subject to the terms of the Escrow Agreement, as additional collateral security for the Obligations. Any sums paid on or in respect of the Pledged Stock on the liquidation or dissolution of the issuer thereof shall be paid over to the Escrow Agent, to be held by the Escrow Agent, subject to the terms and conditions of the Escrow Agreement, as additional collateral security for the Obligations; and if any cash dividends or any other distribution is made on or in respect of the Pledged Stock or any property is distributed on or with respect to the Pledged Stock, the cash or other property so distributed shall be delivered to the Escrow Agent, to be held by the Escrow Agent, subject to the terms and conditions of the Escrow Agreement, as additional collateral security for the Obligations. All sums of money and property so paid or distributed in respect of the Pledged Stock that are received by the Stockholder shall, until paid or delivered to the Escrow Agent, be held by the Stockholder in trust as additional collateral security for the Obligations.

Dividends, Distributions, Etc. If, while this Pledge Agreement is in effect, the Stockholder becomes Pledgor shall become entitled to receive or receives shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital capital, or issued in connection with any reorganization, merger or consolidation), option or any options or rights, whether as an addition to, in substitution offor, or in exchange for, for any shares of the Pledged Stock Shares or otherwise, the Stockholder agrees Pledgor agrees, in each case, to accept the same as Pledgee’s agent for the Lender, and to hold the same in trust on behalf of and for the benefit of the Lender Pledgee, and to deliver the same forthwith promptly (but in any event within three days) to the Escrow Agent Pledgee in the exact form received, with the endorsement of the Stockholder Pledgor when necessary and/or with appropriate undated assignments separate from certificates or stock or other 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 the Escrow Agent, Pledgee subject to the terms of the Escrow Agreementhereof, as additional collateral security for the ObligationsPledged Collateral. Any sums paid on Pledgor shall promptly deliver to Pledgee (i) a Pledge Addendum with respect to such additional certificates, and (ii) any financing statements or in respect amendments to financing statements as requested by Pledgee. Pledgor hereby authorizes Pledgee to attach each Pledge Addendum to this Agreement. In case any distribution of the Pledged Stock on the liquidation or dissolution of the issuer thereof capital shall be paid over to the Escrow Agent, to be held by the Escrow Agent, subject to the terms and conditions of the Escrow Agreement, as additional collateral security for the Obligations; and if any cash dividends or any other distribution is made on or in respect of the Pledged Stock Shares or any property is shall be distributed on upon or with respect to the Pledged StockShares pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the cash or other property so distributed shall be delivered to the Escrow Agent, Pledgee to be held by the Escrow Agent, subject to the terms and conditions of the Escrow Agreement, it as additional collateral security for the ObligationsPledged Collateral. All sums of money and property so paid or distributed in respect of the Pledged Stock that Shares which are received by the Stockholder Pledgor shall, until paid or delivered to the Escrow AgentPledgee, be held by the Stockholder Pledgor in trust as additional collateral security for the ObligationsPledged Collateral.

Dividends, Distributions, Etc. If, while this Pledge Agreement is in effect, the Stockholder becomes Pledgor shall become entitled to receive or receives shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital capital, or issued in connection with any reorganization, merger or consolidation), option or any options or rights, whether as an addition to, in substitution offor, or in exchange forfor any of the Pledged Interests, any shares of Pledged Stock or otherwise, the Stockholder Pledgor agrees to accept the same as Pledgee's agent for the Lender, and to hold the same in trust on behalf of and for the benefit of the Lender Pledgee, and to deliver the same forthwith to the Escrow Agent Pledgee in the exact form received, with the endorsement indorsement of the Stockholder Pledgor when necessary and/or appropriate undated stock or other powers assignments separate from certificate duly executed in blank, to be held by the Escrow Agent, subject to the terms of the Escrow Agreement, Pledgee as additional collateral security for the ObligationsLiabilities. Any sums paid In case any distribution of capital shall be made to Pledgor on or in respect of the Pledged Stock on Interests or any property shall be distributed to Pledgor upon or with respect to the liquidation Pledged Interests pursuant to the recapitalization or dissolution reclassification of the capital of the issuer thereof or pursuant to the reorganization, merger or consolidation thereof, the property so distributed shall be paid over delivered by Pledgor to the Escrow Agent, Pledgee to be held by the Escrow Agent, subject to the terms and conditions of the Escrow Agreement, Pledgee as additional collateral security for the Obligations; and if any cash dividends or any other distribution is made on or Liabilities. Other than as set forth in respect of the Pledged Stock or any property is distributed on or with respect to the Pledged Stockpreceding sentence, the cash or other property so distributed shall be delivered to the Escrow Agent, to be held by the Escrow Agent, subject to the terms and conditions of the Escrow Agreement, as additional collateral security for the Obligations. All all sums of money and property so paid or distributed in respect of the Pledged Stock that Interests which are received by the Stockholder Pledgor shall, until paid or delivered to the Escrow AgentPledgee, be held by the Stockholder Pledgor in trust as additional collateral security for the ObligationsLiabilities. Provided, however, Pledgor shall not accept on behalf of Pledgee any such dividends or distributions from Subsidiary in the form of membership interests or other equity interests if the effect of such acceptance would increase Pledgee's equity holdings in Subsidiary above sixty-five percent (65%) of the issued and outstanding membership interests of Subsidiary.

Dividends, Distributions, Etc. If(a) Subject to the provisions of paragraph (b) of this Section 4.2, if, while this Pledge Agreement is in effect, the Stockholder Borrower becomes entitled to receive or receives any stock or other certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital or issued in connection with any reorganization), option or rights, whether as an addition to, in substitution of, or in exchange for, any shares instruments issued under or in respect of the Pledged Stock Securities or otherwiseany options or rights in respect of the Pledged Securities (which shall also be deemed to be included in the Pledged Securities), the Stockholder agrees to Borrower shall accept the same as agent for the Lender, to shall hold the same in trust on behalf of and for the benefit of the Lender and to shall deliver the same forthwith to the Escrow Agent Lender in the exact form received, with the endorsement of the Stockholder Borrower, as may be requested by the Lender, and when necessary and/or appropriate appropriate, undated stock or other assignments or powers duly executed in blank, with all signatures medallion guaranteed, to be held by the Escrow AgentLender, subject to the terms of the Escrow Agreementhereof, as additional collateral security for the Obligations. Any sums paid on or in respect of the Pledged Stock Securities on the liquidation or dissolution of the any other issuer thereof shall be paid over to the Escrow AgentLender, to be held by the Escrow AgentLender, subject to the terms and conditions of the Escrow Agreementhereof, as additional collateral security for the Obligations; and if . If any cash dividends or any other distribution is made on or in respect of the Pledged Stock Securities or any property is distributed on or with respect to the Pledged StockSecurities, the cash or other property so distributed shall be delivered to the Escrow AgentLender, to be held by the Escrow AgentLender, subject to the terms and conditions of the Escrow Agreementhereof, as additional collateral security for the Obligations. All sums of money and property so paid or distributed in respect of the Pledged Stock Securities that are received by the Stockholder Borrower shall, until paid or delivered to the Escrow AgentLender, be held by the Stockholder in trust as additional collateral security for the Obligations.

Dividends, Distributions, Etc. If, while this Pledge Agreement is in effect, the Stockholder becomes Pledgor shall become entitled to receive or receives shall receive any stock or other certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital capital, or issued in connection with any reorganization, merger or consolidation), option or any options or rights, whether as an addition to, in substitution offor, or in exchange forfor any of the Pledged Interests, any shares of Pledged Stock or otherwise, the Stockholder Pledgor agrees to accept the same as Pledgee's agent for the Lender, and to hold the same in trust on behalf of and for the benefit of the Lender Pledgee, and to deliver the same forthwith to the Escrow Agent Pledgee in the exact form received, with the endorsement indorsement of the Stockholder Pledgor when necessary and/or appropriate undated stock powers or other powers assignments separate from certificate duly executed in blank, to be held by the Escrow Agent, subject to the terms of the Escrow Agreement, Pledgee as additional collateral security for the ObligationsLiabilities. Any sums paid In case any distribution of capital shall be made to Pledgor on or in respect of the Pledged Stock on Interests or any property shall be distributed to Pledgor upon or with respect to the liquidation Pledged Interests pursuant to the recapitalization or dissolution reclassification of the capital of the issuer thereof or pursuant to the reorganization, merger or consolidation thereof, the property so distributed shall be paid over delivered by Pledgor to the Escrow Agent, Pledgee to be held by the Escrow Agent, subject to the terms and conditions of the Escrow Agreement, Pledgee as additional collateral security for the Obligations; and if any cash dividends or any other distribution is made on or Liabilities. Other than as set forth in respect of the Pledged Stock or any property is distributed on or with respect to the Pledged Stockpreceding sentence, the cash or other property so distributed shall be delivered to the Escrow Agent, to be held by the Escrow Agent, subject to the terms and conditions of the Escrow Agreement, as additional collateral security for the Obligations. All all sums of money and property so paid or distributed in respect of the Pledged Stock that Interests which are received by the Stockholder Pledgor shall, until paid or delivered to the Escrow AgentPledgee, be held by the Stockholder Pledgor in trust as additional collateral security for the ObligationsLiabilities. Provided, however, Pledgor shall not accept on behalf of Pledgee any such dividends or distributions from a Foreign Subsidiary in the form of stock or other equity interests if the effect of such acceptance would increase Pledgee's equity holdings in such Foreign Subsidiary above sixty-five percent (65%) of the issued and outstanding capital stock or other equity securities of such Foreign Subsidiary.

Dividends, Distributions, Etc. IfSubject to Article V, if, while ----------------------------- this Pledge Agreement is in effect, the Stockholder becomes Pledgor shall become entitled to receive or receives shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend or a stock distribution in connection with any reclassification, increase or reduction of capital capital, or issued in connection with any reorganization, merger or consolidation), option or any options or rights, whether as an addition to, in substitution offor, or in exchange forfor any of the Pledged Shares, any shares of Pledged Stock or otherwise, the Stockholder Pledgor agrees to accept the same as Pledgee's agent for the Lender, and to hold the same in trust on behalf of and for the benefit of the Lender Pledgee, and to deliver the same forthwith to the Escrow Agent Pledgee in the exact form received, with the endorsement indorsement of the Stockholder Pledgor when necessary and/or appropriate undated stock or other powers duly executed in blank, to be held by the Escrow Agent, subject to the terms of the Escrow Agreement, Pledgee as additional collateral security for the ObligationsLiabilities. Any sums paid In case any distribution of capital shall be made to Pledgor on or in respect of the Pledged Stock on Shares or any property shall be distributed to Pledgor upon or with respect to the liquidation Pledged Shares pursuant to the recapitalization or dissolution reclassification of the capital of the issuer thereof or pursuant to the reorganization, merger or consolidation thereof, the property so distributed shall be paid over delivered by Pledgor to the Escrow Agent, Pledgee to be held by the Escrow Agent, subject to the terms and conditions of the Escrow Agreement, Pledgee as additional collateral security for the Obligations; and if any cash dividends or any other distribution is made on or Liabilities. Other than as set forth in respect of the Pledged Stock or any property is distributed on or with respect to the Pledged Stockpreceding sentence, the cash or other property so distributed shall be delivered to the Escrow Agent, to be held by the Escrow Agent, subject to the terms and conditions of the Escrow Agreement, as additional collateral security for the Obligations. All all sums of money and property so paid or distributed in respect of the Pledged Stock that Shares which are received by the Stockholder Pledgor shall, until paid or delivered to the Escrow AgentPledgee, be held by the Stockholder Pledgor in trust as additional collateral security for the ObligationsLiabilities. Provided, however, Pledgor shall not accept on behalf of Pledgee any such dividends or distributions from a Foreign Subsidiary in the form of stock or other equity interests if the effect of such acceptance would increase Pledgee's equity holdings in such Foreign Subsidiary above sixty-five percent (65%) of the issued and outstanding capital stock of such Foreign Subsidiary.

Dividends, Distributions, Etc. If, while this Pledge Agreement is in effect, the Stockholder becomes entitled to receive or receives any stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital or issued in connection with any reorganization), option or rights, whether as an addition to, in substitution of, or in exchange for, any shares of Pledged Stock or otherwise, the Stockholder agrees to accept the same as agent for the LenderSecured Party, to hold the same in trust on behalf of and for the benefit of the Lender Secured Party and to deliver the same forthwith to the Escrow Agent Secured Party in the exact form received, with the endorsement of the Stockholder when necessary and/or appropriate undated stock or other powers duly executed in blank, to be held by the Escrow AgentSecured Party, subject to the terms of the Escrow Agreementhereof, as additional collateral security for the Obligations. Any sums paid on or in respect of the Pledged Stock on the liquidation or dissolution of the issuer thereof shall be paid over to the Escrow AgentSecured Party, to be held by the Escrow AgentSecured Party, subject to the terms and conditions of the Escrow Agreementhereof, as additional collateral security for the Obligations; and if any non-cash dividends dividend or any other non-cash distribution is made on or in respect of the Pledged Stock or any property is distributed on or with respect to the Pledged Stock, the cash or other property so distributed shall be delivered to the Escrow AgentSecured Party, to be held by the Escrow AgentSecured Party, subject to the terms and conditions of the Escrow Agreementhereof, as additional collateral security for the Obligations. All sums of money and property so paid or distributed in respect of the Pledged Stock that are is received by the Stockholder shall, until paid or delivered to the Escrow AgentSecured Party, be held by the Stockholder in trust as additional collateral security for the Obligations.

Dividends, Distributions, Etc. If, while this Pledge Agreement is in effect, the Stockholder becomes entitled to receive or receives any stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital or issued in connection with any reorganization), option or rights, whether as an addition to, in substitution of, or in exchange for, any shares of Pledged Stock or otherwise, the Stockholder agrees to accept the same as agent for the Lender, to hold the same in trust on behalf of and for the benefit of the Lender and to deliver the same forthwith to the Escrow Agent in the exact form received, with the endorsement of the Stockholder when necessary and/or appropriate undated stock or other powers duly executed in blank, to be held by the Escrow Agent, subject to the terms of the Escrow Agreement, as additional collateral security for the Obligations. Any sums paid on or in respect of the Pledged Stock on the liquidation or or. dissolution of the issuer thereof shall be paid over to the Escrow Agent, to be held by the Escrow Agent, subject to the terms and conditions of the Escrow Agreement, as additional collateral security for the Obligations; and if any cash dividends or any other distribution is made on or in respect of the Pledged Stock or any property is distributed on or with respect to the Pledged Stock, the cash or other property so distributed shall be delivered to the Escrow Agent, to be held by the Escrow Agent, subject to the terms and conditions of the Escrow Agreement, as additional collateral security for the Obligations. All sums of money and property so paid or distributed in respect of the Pledged Stock that are received by the Stockholder shall, until paid or delivered to the Escrow Agent, be held by the Stockholder in trust as additional collateral security for the Obligations.