Common use of Payment of Dividends and Interest Clause in Contracts

Payment of Dividends and Interest. Any dividends, interest or other moneys or property hereby charged which may be received by the Shareholder after the power of sale under clause 7.1 has arisen shall be held in trust for the Pledgee and paid or delivered to the Pledgee on demand in writing for application in accordance with clause 5.2.

Payment of Dividends and Interest. Any dividends, interest or other moneys or property hereby charged which may be received by the Shareholder after the power of sale under clause 7.1 has arisen shall be held in trust for the Pledgee Chargee and paid or delivered to the Pledgee Chargee on demand in writing for application in accordance with clause 5.2.