Common use of Stock Collateral Clause in Contracts

Stock Collateral. (i) All shares of the capital stock of each Subsidiary which is a corporation owned or held by such Pledgor and identified on Schedule A, and all substitutions and additions to such shares (the “Pledged Securities”); (ii) all dividends, distributions, and sums distributable or payable from, upon or in respect of the Pledged Securities, and (iii) all other rights and privileges incident to the Pledged Securities (all of the foregoing being hereinafter referred to collectively as the “Stock Collateral”);

Appears in 3 contracts

Samples: Securities Pledge Agreement, Securities Pledge Agreement (NXT-Id, Inc.), Securities Pledge Agreement (NXT-Id, Inc.)

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Stock Collateral. (i) All shares of the capital stock of each Subsidiary and all capital stock of each other Person which is a corporation owned or held by such Pledgor Pledgor, whether now owned or hereafter formed or acquired (those shares delivered to and identified deposited with Agent on or prior to the date hereof being listed and described on Schedule AA attached hereto), and all substitutions and additions to such shares (herein, the “Pledged Securities”); , (ii) all dividends, distributions, and sums distributable or payable from, upon or in respect of the Pledged Securities, and (iii) all other rights and privileges incident to the Pledged Securities (all of the foregoing being hereinafter referred to collectively as the “Stock Collateral”);

Appears in 1 contract

Samples: Pledge Agreement (Devcon International Corp)

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