Common use of Right of Pledgee to Demand Additional Pledged Shares Clause in Contracts

Right of Pledgee to Demand Additional Pledged Shares. The Pledgee shall have the right at any time, at its sole discretion, to demand by written notice to the Pledgors that the Pledgors pledge to the Pledgee additional shares of common stock of the Issuer owned of record and beneficially by one or more of the Pledgors if, at such time, the product of (i) the total number of Shares previously pledged to Pledgee pursuant to this Agreement and (ii) the Market Value, is less than $13,000,000. The number of shares that may be demanded pursuant to the preceding sentence shall, at the time of any such demand, be the number of shares such that the product of (i) the sum of the total number of shares previously pledged to Pledgee pursuant to this Agreement and the total number of such additional shares to be pledged, and (ii) the Market Value, is equal to $13,000,000. All shares at any time demanded pursuant to the provisions of this Section 7.3 shall be "

Right of Pledgee to Demand Additional Pledged Shares. The Pledgee shall have the right at any time, at its sole discretion, to demand by written notice to the Pledgors that the Pledgors pledge to the Pledgee additional shares of common stock of Capsule, Covista or, if the Issuer Proposed Merger Transaction has been consummated, Startec (or, subject to the approval of the Pledgee in its sole discretion, shares of common stock of one or more other entities) owned of record and beneficially by one or more of the Pledgors if, at such time, the product Combined Market Value of (i) the total number all shares of Shares stock previously pledged to the Pledgee pursuant to this Agreement and (ii) held at such time by the Market Value, Pledgee is less than $13,000,000. The number of shares that may be demanded pursuant to the preceding sentence shall, at the time of any such demand, be the a number of shares such that the product of (i) the sum of the total number of shares previously pledged to Pledgee pursuant to this Agreement and the total number of Combined Market Value, after accounting for such additional shares to be pledged, and (ii) the Market Valueshares, is equal to $13,000,000. All shares at any time demanded pursuant to the provisions of this Section 7.3 shall be "