Common use of Pledged Stock, Etc Clause in Contracts

Pledged Stock, Etc. (i) all of the shares of the common stock of Choice Hotels International, Inc. (“Choice Hotels”) listed on Exhibit A attached hereto and any additional shares of the capital stock of Choice Hotels delivered by the Pledgor to the Bank in the future pursuant to the Loan Agreement (which additional shares of stock shall be deemed to be added to Exhibit A at the time of delivery of such additional stock to the Bank) (collectively, the “Pledged Stock”), (ii) any certificates representing or evidencing the Pledged Stock, (iii) any and all other property which may be delivered to or held by the Bank pursuant to the provisions of this Agreement, in addition to or in substitution for the Pledged Stock, (iv) subject to Section 2.5 below, all payments of principal or interest, dividends, cash, income, profits, instruments, securities and other property from time to time received, receivable or otherwise distributed in respect of, in exchange for or upon conversion of the Pledged Stock, and (v) subject to Section 2.5 below, any and all voting and other rights, powers and privileges accruing or incidental to an owner of the Pledged Stock and the other property referred to in subclauses (i) through (iv); and

Pledged Stock, Etc. (i) all of the shares of the common stock of Choice Hotels International, Inc. (“Choice Hotels”) listed on Exhibit A attached hereto and any additional shares of the capital stock of Choice Hotels delivered by the Pledgor to the Bank in the future pursuant to the Loan Agreement (which additional shares of stock shall be deemed to be added to Exhibit A at the time of delivery of such additional stock to the Bank) (collectively, the “Pledged Stock”), (ii) any certificates representing or evidencing the Pledged Stock, (iiiii) any and all other property which may be delivered to or held by the Bank pursuant to the provisions of this Agreement, in addition to or in substitution for the Pledged Stock, (iv) subject to Section 2.5 below, all payments of principal or interest, dividends, cash, income, profits, instruments, securities and other property from time to time received, receivable or otherwise distributed in respect of, in exchange for or upon conversion of the Pledged Stock, and (v) subject to Section 2.5 below, any and all voting and other rights, powers and privileges accruing or incidental to an owner of the Pledged Stock and the other property referred to in subclauses (i) through (iv); and