Common use of Liquidation Recapitalization Etc Clause in Contracts

Liquidation Recapitalization Etc. (a) Any sums or other property paid or distributed upon or with respect to any of the Stock, whether by dividend or redemption or upon the liquidation or dissolution of the issuer thereof or otherwise, shall, except to the extent provided in Section 6, be paid over and delivered to the Trustee or its agent to be held by or for the benefit of the Trustee as security for the payment and performance in full of all of the Obligations. In case, pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, 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, the property so distributed shall be delivered to the Trustee or its agent, to be held by or for the benefit of the Trustee as security for the Obligations. Except to the extent provided in Section 6, all sums of money and property paid or distributed in respect of the Stock, whether as a dividend or upon such a liquidation, dissolution, recapitalization or reclassification or otherwise, that are received by the Company shall, until paid or delivered to the Trustee or its agent, be held in trust for the Trustee, for the benefit of the Holders from time to time of the Securities, as security for the payment and performance in full of all of the Obligations.

Liquidation Recapitalization Etc. (a) Any sums or other property paid or distributed upon or with respect to any of the StockPledged Collateral, whether by dividend or redemption or upon the liquidation or dissolution of the issuer thereof or otherwise, shall, except to the limited extent provided in Section 65, be paid over and delivered to the Trustee or its agent Agent to be held by or for the benefit of the Trustee Agent as security for the payment and performance in full of all of the Secured Obligations. In casethe event that, pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, any distribution of capital shall be made on or in respect of any of the Stock Pledged Collateral or any property such property, then such distribution of capital shall be distributed upon or with respect to any of the Stock, the property so distributed shall be paid over and delivered to the Trustee or its agent, Agent to be held by or for the benefit of the Trustee Agent as security for the Secured Obligations. Except to the limited extent provided in Section 65, all sums of money and property paid or distributed in respect of the StockPledged Collateral, whether as a dividend or upon such a liquidation, dissolution, recapitalization or reclassification or otherwise, that are received by the Company Pledgor shall, until paid or delivered to the Trustee or its agentAgent, be held in trust for the Trustee, for the benefit of the Holders from time to time of the Securities, Agent as security for the payment and performance in full of all of the Secured Obligations.

Liquidation Recapitalization Etc. (a) Any sums or other property paid or distributed upon or with respect to any of the Stock, whether by dividend or redemption or upon the liquidation or dissolution of the issuer thereof or otherwise, shall, except to the limited extent provided in Section §6, be paid over and delivered to the Trustee or its agent Lender to be held by or for the benefit of the Trustee Lender as security for the payment and performance in full of all of the Secured Obligations. In case, pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, 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, the property so distributed shall be delivered to the Trustee or its agent, Lender to be held by or for the benefit of the Trustee it as security for the Secured Obligations. Except to the limited extent provided in Section §6, all sums of money and property paid or distributed in respect of the Stock, whether as a dividend or upon such a liquidation, dissolution, recapitalization or reclassification or otherwise, that are received by the Company shall, until paid or delivered to the Trustee or its agentLender, be held in trust for the Trustee, for the benefit of the Holders from time to time of the Securities, Lender as security for the payment and performance in full of all of the Secured Obligations.