Common use of Non-Cash Dividends and Distributions Clause in Contracts

Non-Cash Dividends and Distributions. After the Issuer receives a Notice of Exclusive Control, the Issuer shall deliver to the Secured Party all dividends, interest and other distributions paid or made upon or with respect to the Securities.

Appears in 11 contracts

Samples: Security Agreement (Nortel Networks Corp), Pledge Agreement (Marvell Technology Group LTD), Canadian Security Agreement (Nortel Networks Corp)

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Non-Cash Dividends and Distributions. After the Issuer receives receipt of a Notice of Exclusive Control, the Issuer shall deliver to the Secured Party all dividends, interest and other distributions paid or made upon or with respect to the Securities.

Appears in 2 contracts

Samples: First Lien Term Loan Security Agreement (Tower Automotive, LLC), Notes Security Agreement (Tower Automotive, LLC)

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