Common use of Liquidation Recapitalization Etc Clause in Contracts

Liquidation Recapitalization Etc. Any sums paid upon or with respect to any of the Stock upon the liquidation or dissolution of the issuer thereof shall be paid over to Pledgee to be held by it as security for the Obligations; and in case any distribution of capital shall be made on or in respect of any of the Stock or any property shall be distributed upon or with respect to any of the Stock pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the capital or property so distributed shall be delivered to Pledgee to be held by it as security for the Obligations. All sums of money and property paid or distributed in respect of the Stock upon such a liquidation, dissolution, recapitalization or reclassification which are received by Pledgor shall, until paid or delivered to Pledgee, be held in trust for Pledgee as security for the Obligations.

Liquidation Recapitalization Etc. Any sums paid upon or with respect to any of the Stock upon the liquidation or dissolution of the issuer thereof Company shall be paid over to the Pledgee to be held by it as security for the Obligations; and in case any distribution of capital shall be made on or in respect of any of the Stock or any property shall be distributed upon or with respect to any of the Stock pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the capital or property so distributed shall be delivered to the Pledgee to be held by it as security for the Obligations. All sums of money and property paid or distributed in respect of the Stock upon such a liquidation, dissolution, recapitalization or reclassification which are received by the Pledgor shall, until paid or delivered to the Pledgee, be held in trust for the Pledgee as security for the Obligations.

Liquidation Recapitalization Etc. Any sums paid upon or with respect to any of the Stock upon the liquidation or dissolution of the any issuer thereof shall be paid over to the Pledgee to be held by it as security for the Obligations; and in case any distribution of capital shall be made on or in respect of any of the Stock or any property shall be distributed upon or with respect to any of the Stock pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the capital or property so distributed shall be delivered to the Pledgee to be held by it as security for the Obligations. All sums of money and property paid or distributed in respect of the Stock upon such a liquidation, dissolution, recapitalization or reclassification which are received by the Pledgor shall, until paid or delivered to the Pledgee, be held in trust for the Pledgee as security for the Obligations. The payment of a dividend, other than in cash, shall be deemed to be recapitalization.

Liquidation Recapitalization Etc. Any sums paid upon or with --------------------------------- respect to any of the Stock Stock, upon the liquidation or dissolution of the any issuer thereof shall be paid over to the Pledgee to be held by it as security for the Obligations; and in case any distribution of capital shall be made on or in respect of any of the Stock or any property shall be distributed upon or with respect to any of the Stock pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, ; the capital or property so distributed shall be delivered to the Pledgee to be held by it as security for the Obligations. All sums of money and property property, paid or distributed in respect of the Stock upon such a liquidation, dissolution, recapitalization or reclassification which are received by Pledgor the Pledgors shall, until paid or delivered to the Pledgee, be held in trust for the Pledgee as security for the Obligations.

Liquidation Recapitalization Etc. Any sums paid upon or with respect to any of the Stock Securities upon the liquidation or dissolution of the any issuer thereof shall be paid over to the Pledgee to be held by it as security for the Obligations; and in case any distribution of capital shall be made on or in respect of any of the Stock Securities or any property shall be distributed upon or with respect to any of the Stock Securities pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, the capital or property so distributed shall be delivered to the Pledgee to be held by it as security for the Obligationsobligations. All sums of money and property paid or distributed in respect of the Stock Securities upon such a liquidation, dissolution, recapitalization or reclassification which are received by the Pledgor shall, until paid or delivered to the Pledgee, be held in trust for the Pledgee as security for the Obligations.