Common use of Dividends Held In Trust Clause in Contracts

Dividends Held In Trust. All dividends and interest payments which are received by Pledgor contrary to the provisions of Section 9.2(a)(ii) shall be (i) received in trust for the benefit of Bank, (ii) shall be segregated from other property or funds of Pledgor and (iii) forthwith delivered to the Bank as Collateral in the same form as received (with any necessary documents, endorsements or assignments in blank with guaranteed signatures).

Dividends Held In Trust. All dividends and interest payments which are received by Pledgor contrary to the provisions of Section 9.2(a)(ii10.1(b) shall be (i) received in trust for the benefit of BankPledgees, (ii) shall be segregated from other property or funds of Pledgor and (iii) forthwith delivered to the Bank Collateral Agent as Collateral in the same form as received (with any necessary documents, endorsements or assignments in blank with guaranteed signatures).

Dividends Held In Trust. All dividends and interest payments which are received by Pledgor contrary to the provisions of Section 9.2(a)(ii9.2(a) shall be (i) received in trust for the benefit of BankLender, (ii) shall be segregated from other property or funds of Pledgor and (iii) forthwith delivered to the Bank Lender as Collateral in the same form as received (with any necessary documents, endorsements or assignments in blank with guaranteed signatures).