Pledged Collateral Adjustments Clause Samples

Pledged Collateral Adjustments. If, during the term of this Pledge Agreement: (a) Any stock dividend, reclassification, readjustment or other change is declared or made in the capital structure of any Direct Subsidiary, or any option included within the Pledged Collateral is exercised, or both, or (b) Any subscription warrants or any other rights or options shall be issued in connection with the Pledged Collateral, then all new, substituted and additional shares, warrants, rights, options or other securities, issued by reason of any of the foregoing, shall be immediately delivered to and held by the Indenture Trustee under the terms of this Pledge Agreement and shall constitute Pledged Collateral hereunder; provided, however, that nothing contained in this Section 3 shall be deemed to permit any stock dividend, issuance of additional stock, warrants, rights or options, reclassification, readjustment or other change in the capital structure of a Direct Subsidiary which is not permitted in the Indenture.

Pledged Collateral Adjustments. If, during the term of this Agreement: (a) Any stock dividend, reclassification, readjustment or other change is declared or made in the capital structure of any issuer of the Pledged Stock, or any option included within the Pledged Collateral is exercised, or both, or (b) Any subscription warrants, shares, or any other rights or options shall be issued in connection with the Pledged Collateral, then all new, substituted and additional shares, warrants, shares, rights, options or other securities, issued by reason of any of the foregoing, shall be immediately delivered to and held by the Administrative Agent under the terms of this Agreement and shall constitute Pledged Collateral hereunder; PROVIDED, HOWEVER, that nothing contained in this SECTION 4 shall be deemed to permit any distribution, issuance of additional shares, warrants, shares, rights or options, reclassification, readjustment or other change in the capital structure which is not expressly permitted in the Credit Agreement nor to prohibit any such distribution, issuance of additional equity interests, warrants, shares, rights or options, reclassification, readjustment or other change in the capital structure of such issuer which is expressly permitted in the Credit Agreement.

Pledged Collateral Adjustments. If, during the term of this Pledge Agreement: (a) Any stock dividend, reclassification, readjustment or other change is declared or made in the capital structure of any issuer of Pledged Stock, or any option included within the Pledged Collateral is exercised, or both, or (b) Any subscription warrants or any other rights or options shall be issued to the Pledgor in connection with the Pledged Collateral, [or (c) Any additional indebtedness owing to the Pledgor is incurred by any of the obligors of the Pledged Debt,] then all new, substituted and additional shares, warrants, rights, options, notes or other securities, issued by reason of any of the foregoing, shall be promptly delivered to and held by the Collateral Agent under the terms of this Pledge Agreement and shall constitute Pledged Collateral hereunder; provided, however, that nothing contained in this Section 4 shall be deemed to permit any stock dividend, issuance of additional stock, warrants, rights or options, reclassification, readjustment or other change in the capital structure of any issuer of Pledged Stock which is prohibited in the Credit Agreement.

Pledged Collateral Adjustments. If during the term of this Agreement: (a) any non-cash dividend or distribution, reclassification, readjustment or other change is declared or made in the capital structure of Company, or any option, warrant or similar instrument included within the Pledged Collateral is exercised, or both, or (b) any subscription, warrants, options shall be issued in connection with the Pledged Collateral, then HCM shall (i) promptly deliver new, substituted and additional shares, warrants, options, or other equity securities, issued by reason of any of the foregoing, and all certificates and other instruments evidencing the same to Noble to be held under the terms of this Agreement and shall constitute Pledged Collateral hereunder, and (ii) promptly deliver to Noble or the Collateral Agent such additional Pledged Collateral.

Pledged Collateral Adjustments. If, during the term of this Pledge Agreement: (a) Any distribution, reclassification, readjustment or other change is declared or made in the capital structure of Borrower, or any option included within the Pledged Collateral is exercised, or both, or (b) Any rights or options shall be issued in connection with the Pledged Collateral, then One Hundred Percent (100%) of all new, substituted and additional, membership interests, rights, options, investment property or other securities, issued to Pledgor by reason of any of the foregoing, shall be immediately delivered to and held by Lender under the terms of this Pledge Agreement and shall constitute Pledged Collateral hereunder; provided, however, that nothing contained in this Section 3 shall be deemed to permit any distribution, or membership interests, rights or options, reclassification, readjustment or other change in the capital structure of Borrower which is not expressly permitted by the Loan Agreement. Pledgor shall promptly deliver an executed Power to Lender with respect to any new membership interest obtained by Pledgor.

Pledged Collateral Adjustments. If, during the term of this Pledge Agreement: (a) Any stock dividend, reclassification, readjustment or other change is declared or made in the capital structure of the Corporation which affects the Pledged Collateral, or any option included within the Pledged Collateral is exercised, or both, or (b) Any subscription warrants or any other rights or options shall be issued in connection with the Pledged Collateral,

Pledged Collateral Adjustments. 2 4. Subsequent Changes Affecting Pledged Collateral...............3 5.

Pledged Collateral Adjustments. If during the term of this Agreement: (a) any non-cash dividend or distribution, reclassification, readjustment or other change is declared or made in the capital structure of Company, or any option, warrant or similar instrument included within the Pledged Collateral is exercised, or both, or (b) any subscription, warrants, options shall be issued in connection with the Pledged Collateral, then the Pledgor shall (i) promptly deliver new, substituted and additional shares, warrants, options, or other equity securities, issued by reason of any of the foregoing, and all certificates and other instruments evidencing the same to the Secured Party to be held under the terms of this Agreement and shall constitute Pledged Collateral hereunder, and (ii) promptly deliver to the Secured Party or the Collateral Agent such additional Pledged Collateral.

Pledged Collateral Adjustments. If, during the term of this Agreement: (a) any stock dividend, reclassification, readjustment or other change is declared or made in the capital structure of the Company, or any option included within the Pledged Collateral is exercised, or both, or (b) any subscription warrants, shares, or any other rights or options shall be issued in connection with the Pledged Collateral, in each case as may be permitted under the Indenture, then all new, substituted and additional shares, warrants, shares, rights, options or other securities, issued by reason of any of the foregoing, shall be immediately delivered to and held by the Collateral Agent, under the terms of this Agreement and shall constitute Pledged Collateral hereunder.