Dividends, Interest and Premiums. The Pledgor will have the right to receive all cash dividends, interest and premiums declared and paid on the Collateral prior to the occurrence of any Event of Default. In the event any additional shares are issued to the Pledgor as a stock dividend or in lieu of interest on any of the Collateral, as a result of any split of any of the Collateral, by reclassification or otherwise, any certificates evidencing any such additional shares will be immediately delivered to the Secured Party and such shares will be subject to this Pledge Agreement and a part of the Collateral to the same extent as the original Collateral. At any time after the occurrence of an Event of Default, the Secured Party shall be entitled to receive all cash or stock dividends, interest and premiums declared or paid on the Collateral, all of which shall be subject to the Secured Party’s rights under Section 5 above.
Dividends, Interest and Premiums. The Grantors will have the right to receive all cash dividends, interest and premiums declared and paid on the Investment Property Collateral prior to the occurrence of any Event of Default. In the event any additional shares are issued to any Grantor as a stock dividend or in lieu of interest on any of the Investment Property Collateral, as a result of any split of any of the Investment Property Collateral, by reclassification or otherwise, any certificates evidencing any such additional shares will be promptly delivered to the Collateral Agent and such shares will be subject to this Pledge Agreement and a part of the Investment Property Collateral to the same extent as the original Investment Property Collateral. After notice to the Grantors at any time after the occurrence of an Event of Default, the Collateral Agent shall be entitled to receive, for application to the applicable Obligations, all cash or stock dividends, interest and premiums declared or paid on the Investment Property Collateral.
Dividends, Interest and Premiums. The Borrower will have the right to receive all cash dividends, interest and premiums declared and paid on the Pledged Shares prior to the occurrence of any Event of Default. In the event any additional shares are issued to the Borrower as a stock dividend or in lieu of interest on any of the Pledged Shares, as a result of any split of any of the Pledged Shares, by reclassification or otherwise, any certificates evidencing any such additional shares will be immediately delivered to the Lender and such shares will be subject to this Agreement and a part of the Pledged Shares to the same extent as the original Pledged Shares. At any time after the occurrence of an Event of Default, the Lender shall be entitled to receive all cash or stock dividends, interest and premiums declared or paid on the Pledged Shares, all of which shall be subject to the Lender's rights under Section 5 above.
Dividends, Interest and Premiums. The Pledgor owning the Collateral will have the right to receive all cash dividends, interest and premiums declared and paid on the Collateral prior to the occurrence of any Event of Default. In the event any additional shares or membership interests are issued to the Pledgor owning the Collateral as a dividend or distribution in lieu of cash interest on any of the Collateral, including as a result of any split of any of the Collateral, by reclassification or otherwise, any certificates evidencing any such additional ownership interest will be immediately delivered to the Administrative Agent, together with an undated transfer power covering such certificate duly endorsed in blank, and such certificate will be subject to this Agreement and a part of the Collateral to the same extent as the original Collateral. At any time after the occurrence and during the continuance of an Event of Default, the Administrative Agent shall be entitled to receive all cash or stock dividends, distributions, interest and premiums declared or paid on the Collateral, all of which shall be subject to the Administrative Agent’s rights under the “Event of Default and Remedies” Section of this Agreement.
Dividends, Interest and Premiums. The Debtor will have the right to receive all cash dividends, interest and premiums declared and paid on the Collateral prior to the occurrence of any Event of Default. In the event any additional shares are issued to the Debtor as a stock dividend or in lieu of interest on any of the Collateral, as a result of any split of any of the Collateral, by reclassification or otherwise, any certificates evidencing any such additional shares will be immediately delivered to the Secured Party and such shares will be subject to this Agreement and be a part of the Collateral to the same extent as the original Collateral. At any time after the occurrence of an Event of Default, the Secured Party shall be entitled to receive all cash or stock dividends, interest and premiums declared or paid on the Collateral, all of which shall be subject to the Secured Party's rights under Section 5 above.
Dividends, Interest and Premiums. The Pledgor will have the right to receive all cash dividends, interest and premiums declared and paid on the Collateral prior to the occurrence of any Event of Default. In the event any additional shares are issued to the Pledgor as a stock dividend or in lieu of interest on any of the Collateral, as a result of any split of any of the Collateral by reclassification or otherwise, any Certificates evidencing any such additional shares will be immediately delivered to the Pledgee and such shares will be subject to this Agreement and a part of the Collateral to the same extent as the original Collateral. At any time after the occurrence of an Event of Default, the Pledgee shall be entitled to receive all cash or stock dividends, interest and premiums declared or paid on the Collateral, all of which shall be subject to the Pledgee's rights under Section 5 above.
Dividends, Interest and Premiums. The Pledgor will have the right to receive all cash dividends, interest and premiums declared and paid on the Collateral prior to the occurrence of any Event of Default. In the event any additional shares are issued to the Pledgor as a stock dividend or in lieu of interest on any of the Collateral, as a result of any split of any of the Collateral, by reclassification or otherwise, any certificates evidencing any such additional shares will be immediately delivered to the Secured Party, to be held on behalf of the Secured Party and Melvin Simon, and such shares will be subject to this Pledge Agreement xxx x xxxx xx the Collateral to the same extent as the original Collateral. At any time after the occurrence of an Event of Default, the Secured Party shall be entitled to receive all cash or stock dividends, interest and premiums declared or paid on the Collateral, all of which shall be subject to the Secured Party's rights under Section 5 above.
Dividends, Interest and Premiums. The Debtor will have the right to receive all cash dividends, interest and premiums declared and paid on the Collateral prior to the occurrence of a Debtor Event of Default, other than
Dividends, Interest and Premiums. In the event any additional ordinary shares of PCCW are issued to the Pledgor as a stock dividend or in lieu of interest on any of the Collateral, as a result of any sub-division of any of the Collateral, by reclassification or otherwise, in each case where such shares are issuable ratably to all (or substantially all) the holders of the ordinary shares of PCCW ("STOCK SPLIT SHARES"), any certificates evidencing any such Stock Split Shares will be immediately delivered to the Collateral Agent and such shares will be subject to this Pledge Agreement and a part of the Collateral to the same extent as the original Collateral. Each Secured Party authorises the Pledgor to deliver directly to such Secured Party Collateral Other Rights received by the Company as satisfaction of Pledgor's obligation to deliver an equal amount of Other Rights to the Secured Party. So long as the Pledgor has delivered to each of the Secured Parties, pursuant to the preceding sentence and Sections 1.03 and 5.03 of the respective Stock Exchange Agreements, an amount of Collateral Other Rights equal to all of the Other Rights (as defined in the respective Stock Exchange Agreement) to be delivered to each such Secured Party on any Other Rights Delivery Date (as defined in the respective Stock Exchange Agreements), then for purposes of this Pledge Agreement such Collateral Other Rights shall be deemed to, first, have been delivered to the Collateral Agent hereunder and, then, released and delivered to each of the Secured Parties at each such Secured Party's direction and, accordingly, shall be deemed to have satisfied each Secured Party's ratable portion (in the allocation set forth opposite each Secured Party's name in Schedule B hereto) of the portion of the Obligations represented by an amount of Other Rights equal to the Collateral Other Rights.
Dividends, Interest and Premiums. The Pledgor will have the right to receive all cash dividends, interest and premiums declared and paid on the Collateral prior to the occurrence of any Event of Default. In the event any additional shares are issued to the Pledgor as a stock dividend or in lieu of interest on any of the Collateral, as a result of any split of any of the Collateral, by reclassification or otherwise, any certificates evidencing any such additional shares will be immediately delivered to Keith Frankel, to hold on behalf of Keith Frankel and the Secured Pxxxx xxx xxxx shares will be subject xx xxxx Xxxxxx Agreement and a part of the Collateral to the same extent as the original Collateral. At any time after the occurrence of an Event of Default, the Secured Party shall be entitled to receive all cash or stock dividends, interest and premiums declared or paid on the Collateral, all of which shall be subject to the Secured Party's rights under Section 5 above.
