Common use of Dividends on Pledged Shares Clause in Contracts

Dividends on Pledged Shares. In the event that any Dividend is to be paid on any Pledged Share at a time when no Potential Event of Default of the nature referred to in Section 10.1(f) or 10.1(g) of the Credit Agreement or any Event of Default has occurred and is continuing, such Dividend may be paid directly to the Pledgor. If any such Potential Event of Default or Event of Default has occurred and is continuing, then any such Dividend shall be paid directly to the Lender.

Dividends on Pledged Shares. In the event that any Dividend is to be paid on any Pledged Share at a time when (x) no Potential Event of Default of the nature referred to in Section 10.1(f) or 10.1(g) 8.1.9 of the Credit Agreement or any has occurred and is continuing, and (y) no Event of Default has occurred and is continuing, such Dividend may be paid directly to the Pledgor. If any such Potential Event of Default or Event of Default has occurred and is continuing, then any such Dividend shall be paid directly to the LenderAdministrative Agent.

Dividends on Pledged Shares. In the event that any Dividend is to be paid on any Pledged Share at a time when (x) no Potential Event of Default of the nature referred to in Section 10.1(f) or 10.1(g) 8.1.9 of the Credit Agreement or any has occurred and is continuing, and (y) no Event of Default has occurred and is continuing, such Dividend may be paid directly to the applicable Pledgor. If any such Potential Event of Default or Event of Default has occurred and is continuing, then any such Dividend shall be paid directly to the LenderAdministrative Agent.

Dividends on Pledged Shares. In the event that any Dividend is to be paid on any Pledged Share at a time when no Potential Event of Default of the nature referred to in Section 10.1(f) 8.1.1 or 10.1(g) 8.1.9 of the Credit Agreement or any Event of Default has occurred and is continuing, such Dividend or payment may be paid directly to the Pledgor and retained by such Pledgor. If any such Potential Event of Default or Event of Default has occurred and is continuing, then any such Dividend or payment shall be paid directly to the LenderAdministrative Agent.