Common use of Later Acquired Equity, Ownership Dividends, Options or Adjustments Clause in Contracts

Later Acquired Equity, Ownership Dividends, Options or Adjustments. Until the Expiration Date, NCMC shall deliver to the Buyer any and all additional equity or any other property of any kind distributable on or by reason of the Pledged Collateral, whether in the form of or by way of ownership dividends, warrants, total or partial liquidation, conversion, prepayments, redemptions or otherwise, including, but not limited to, cash dividends or cash interest payments, as the case may be; provided, however, that prior to an Event of Default under the Master Repurchase Agreement, NCMC may receive any cash dividends from Seller which are permitted to be retained by Seller pursuant to the terms of the Master Repurchase Agreement. If any additional equity, instruments, or other property, a security interest in which can only be perfected by possession by the Buyer, which are distributable on or by reason of the Pledged Collateral, shall come into the possession or control of NCMC, NCMC shall forthwith transfer and deliver such property to the Buyer as Pledged Collateral hereunder.