Right to Receive Distributions on Collateral. The Administrative Agent shall have the right to receive and, during the continuance of any Event of Default, to retain as Collateral hereunder all dividends, interest and other payments and distributions made upon or with respect to the Collateral of each Obligor and each Obligor shall take all such action as the Administrative Agent may deem necessary or appropriate to give effect to such right; provided that (i) unless an Event of Default has occurred and is continuing, the foregoing sentence shall not apply to Cash Distributions and (ii) with respect to dividends, interest and other payments and distributions made upon or with respect to the Collateral of any Obligor consisting of any Pledged Equity Interests issued by any Issuer that is a Foreign Subsidiary, the Administrative Agent shall have the rights set forth in the foregoing sentence only to the extent permitted by the laws of the jurisdiction in which such Issuer is incorporated. All such dividends, interest and other payments and distributions which are received by any Obligor (except Cash Distributions received when no Event of Default has occurred and is continuing) shall be received in trust for the benefit of the Secured Parties and, if the Administrative Agent so directs during the continuance of an Event of Default, shall be segregated from other funds of such Obligor and shall, forthwith upon demand by the Administrative Agent during the continuance of an Event of Default, be paid over to the Administrative Agent as Collateral in the same form as received (with any necessary endorsement). After all Events of Defaults have been cured, the Administrative Agent’s right to retain dividends, interest and other payments and distributions (including Cash Distributions) under this Section 7 shall cease and the Administrative Agent shall pay over to each Obligor any such Collateral of such Obligor retained by it during the continuance of an Event of Default.
Right to Receive Distributions on Collateral. During the continuance of any Default the Agent shall have the right to receive and to retain as Collateral hereunder all dividends and other payments and distributions made upon or with respect to the Collateral and the Borrower shall take all such action as the Agent may deem necessary or appropriate to give effect to such right. All such dividends and other payments and distributions which are received by the Borrower shall be received in trust for the benefit of the Agent and the Secured Parties and, if the Agent so directs during the continuance of a Default, shall be segregated from other funds of the Borrower and shall, forthwith upon demand by the Agent during the continuance of a Default, be paid over to the Agent as Collateral in the same form as received (with any necessary endorsement). After all Defaults have been cured, the Agent's right to retain dividends and other payments and distributions under this Section 7 shall cease and the Agent shall pay over to the Borrower any such Collateral retained by it during the continuance of a Default.
Right to Receive Distributions on Collateral. Subject to Section 18, the Collateral Agent shall have the right to receive and to retain as Collateral hereunder all dividends, interest and other payments and distributions made upon or with respect to the Pledged Equity Interests and each Lien Grantor shall take all such action as the Collateral Agent may deem necessary or appropriate to give effect to such right; provided that, unless an Enforcement Notice is in effect, this sentence shall not apply to Cash Distributions. All such dividends, interest and other payments and distributions which are received by any Lien Grantor (except Cash Distributions received when no Enforcement Notice is in effect) shall be received in trust for the benefit of the Secured Parties and shall be segregated from other assets of such Lien Grantor and shall, promptly upon such Lien Grantor's receipt thereof, be delivered or paid over to the Collateral Agent in the same form as received (with any necessary endorsements or executed assignments in blank), together with a statement identifying the source of such Collateral and stating that it is being delivered to the Collateral Agent to be held as Collateral under this Agreement. If an Enforcement Notice is withdrawn pursuant to Section 21 (and no other Enforcement Notice is then in effect), the Collateral Agent's right to retain Cash Distributions under this Section 10 shall cease and the Collateral Agent shall pay over to the relevant Lien Grantor(s) any Cash Distributions retained by it during the continuance of such Enforcement Notice.
Right to Receive Distributions on Collateral. Prior to the occurrence of any Event of Default, the Pledgor shall be entitled to receive all cash dividends, if any, on the Pledged Stock. Upon the occurrence and during the continuance of an Event of Default, the Company shall be entitled to retain all dividends and other payments and distributions made upon or with respect to the Collateral and the Pledgor shall take all such action as the Company may deem necessary or appropriate to give effect to such right and all such dividends and other payments and distributions which are received by the Pledgor shall be received in trust for the benefit of the Company and shall, forthwith upon demand by the Company during the continuance of an Event of Default, be paid over to the Company as Collateral in the same form as received (with any necessary endorsement). After all Events of Default that shall have occurred have been cured, the Company's right to retain dividends, interest and other payments and distributions under this Section 6 shall cease and the Company shall pay over to the Pledgor any such Collateral retained by the Company during the continuance of an Event of Default. Any non-cash dividends and other payments or distributions shall be immediately pledged to the Company hereunder.
Right to Receive Distributions on Collateral. Upon the occurrence and during the continuance of any Event of Default, the Agent shall have the right to receive and to retain as Collateral hereunder all dividends, interest and other payments and distributions made upon or with respect to the Collateral and the Company shall take all such action as the Agent may deem necessary or appropriate to give effect to such right. Upon the occurrence and during the continuance of an Event of Default, all such dividends, interest and other payments and distributions which are received by the Company shall be received in trust as Collateral for the benefit of the Agent and the Secured Parties and, if the Agent so directs, shall be segregated from other funds of the Company and shall, forthwith upon demand by the Agent during the continuance of an Event of Default, be paid over to the Agent as Collateral in the same form as received (with any necessary endorsement). After all Events of Default that shall have occurred have been cured, the Agent's right to retain dividends, interest and other payments and distributions under this Section 7 shall cease and the Agent shall pay over to the Company any such Collateral retained by the Agent during the continuance of an Event of Default.
Right to Receive Distributions on Collateral. The Administrative Agent shall have the right to receive all dividends, interest and other payments and distributions made upon or with respect to the Collateral ("Collateral Distributions") other than cash dividends ("Cash Dividends") and, during the continuance of any Event of Default, to receive Cash Dividends and to retain all Collateral Distributions, in each case as Collateral hereunder, and the Company shall take all such action as the Administrative Agent may deem necessary or appropriate to give effect to such right. All Collateral Distributions which are received by the Company shall be received in trust for the benefit of the Administrative Agent and the other Secured Parties and, if the Administrative Agent so directs during the continuance of an Event of Default, shall be segregated from other funds of the Company and shall, forthwith upon demand by the Administrative Agent during the continuance of an Event of Default, be paid over to the Administrative Agent as Collateral in the same form as received (with any necessary endorsement, without recourse). After all Events of Default have been cured, the Administrative Agent's right to retain Collateral Distributions under this Section 7 shall cease.
Right to Receive Distributions on Collateral. All dividends and distributions (including without limitation all distributions which constitute a return of capital, that is, a partial or complete liquidation) made upon or with respect to the Collateral shall be delivered to the Agent or credited to the Pledged Account, as the case may be, as Collateral in the same form as received (with any necessary endorsement).
Right to Receive Distributions on Collateral. During the continuance of any Event of Default, the Pledgee shall, subject to the provisions of the PST Documents, have the right to receive and to retain as Collateral hereunder all dividends, interest and other payments and distributions made upon or with respect to the Collateral, and each Grantor shall take all such action as the Pledgee may deem necessary or appropriate to give effect to such right. All such dividends, interest and other payments and distributions which are received by a Grantor shall be received in trust for the benefit of the Pledgee and the Lenders (but, unless an Event of Default shall have occurred and be continuing, may be used by such Grantor as permitted by the other provisions of this Agreement and the other Loan Documents). If the Pledgee so directs during the continuance of an Event of Default, such dividends, interest and other payments and distributions shall be segregated from other funds of such Grantor and shall, forthwith upon demand by the Pledgee during the continuance of an Event of Default, be paid over to the Pledgee as Collateral in the same form as received (with any necessary endorsement). After all Events of Default have been cured, the Pledgee's right to retain dividends, interest and other payments and distributions under this Section 7 shall cease, and the Pledgee shall pay over to such Grantor any such Collateral retained by it during the continuance of an Event of Default.
Right to Receive Distributions on Collateral. Upon the occurrence and during the continuance of any Event of Default, the Secured Party shall have the right to receive and retain as Collateral hereunder all dividends, interest and other payments and distributions made upon or with respect to the Collateral and the Pledgor shall take all such action as the Secured Party may deem necessary or appropriate to give effect to such right. Upon the occurrence and during the continuance of any Event of Default, all such dividends, interest and other payments and distributions which are received by the Pledgor shall be received in trust as Collateral for the benefit of the Secured Party and, if the Secured Party so directs, shall be segregated from other funds of the Pledgor and shall, forthwith upon demand by the Secured Party during the continuance of an Event of Default, be paid over to the Secured Party as Collateral in the same form as received (with any necessary endorsement). After all Events of Default that shall have occurred have been cured, the Secured Party's right to retain dividends, interest and other payments and distributions under this Section 7 shall cease and the Secured Party shall pay over to the Pledgor any such Collateral retained by the Secured Party during the continuance of an Event of Default.
Right to Receive Distributions on Collateral. (a) So long as no Event of Default shall at any applicable time have occurred and be continuing, the Pledgor shall have the right to receive all dividends (in cash or specie), interest, returns of capital and other payments or distributions made upon or with respect to, and all options and rights issued in connection with, the Collateral.
