Stock Dividends, Distributions, Etc. If, while this Pledge Agreement is in effect, Pledgor becomes entitled to receive or receives any securities or other property in addition to, in substitution of, or in exchange for any of the Pledged Shares (whether as a distribution in connection with any recapitalization, reorganization or reclassification, a stock dividend or otherwise), Pledgor shall accept such securities or other property on behalf of and for the benefit of the Company as additional security for Pledgor's obligations under the Note and shall promptly deliver such additional security to the Company together with duly executed forms of assignment, and such additional security shall be deemed to be part of the Pledged Shares hereunder.
Stock Dividends, Distributions, Etc. In the event of a stock split, reverse stock split, stock dividend or distribution, or any change in the Company Common Stock by reason of any recapitalization, combination, reclassification, exchange of shares or similar transaction, the terms “Existing Shares” and “Covered Company Shares” shall be deemed to refer to and include all such stock dividends and distributions and any Securities into which or for which any or all of such shares may be changed or exchanged or which are received in such transaction.
Stock Dividends, Distributions, Etc. If, while this Agreement is in effect, the Borrower shall become entitled to receive or shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization), whether as an addition to, in substitution of or in exchange for any shares of any Pledged Securities, or otherwise, the Borrower agrees to accept the same as agent for Dyax and to hold the same in trust on behalf of and for the benefit of Dyax and to deliver the same forthwith to Dyax in the exact form received, with the indorsement of the Borrower when necessary and/or with appropriate undated stock powers duly executed in blank, to be held by Dyax as part of the Collateral. In case any distribution of capital shall be made on or in respect of the Pledged Securities or any property shall be distributed upon or with respect to the Pledged Securities pursuant to the recapitalization or reclassification of the capital of Dyax or pursuant to the reorganization thereof, the property so distributed shall be delivered to Dyax as Collateral. All sums of money and property so paid or distributed in respect of the Pledged Securities which are received by the Borrower shall, until paid or delivered to Dyax, be held by the Borrower in trust as Collateral.
Stock Dividends, Distributions, Etc. If, while this Agreement is in --------------------------------------- effect, Borrower shall become entitled to receive or shall receive any stock, any stock certificate representing same, options, rights or other Property (including, without limitation, any certificate representing a stock dividend or any distribution in connection with any re-capitalization, reclassification, increase or reduction of capital, or issued in connection with any reorganization), whether as an additional to, in substitution of, or in exchange for, any shares of any Pledged Stock Collateral, or otherwise, or any payment or distribution of capital on account of any Pledged Stock Collateral, Borrower agrees to accept the same as the Corporation's agent and to hold the same in trust on behalf of and for the benefit of the Corporation and to deliver the same to the Corporation on or before the close of business on the second Business Day following the receipt thereof by Borrower, in the exact form received, with the endorsement of Borrower when necessary or appropriate undated stock powers duly executed in blank, to be held by the Corporation, subject to the terms of this Agreement, as additional Pledged Stock Collateral and any cash distribution in connection therewith or cash proceeds therefrom shall be deposited by the Corporation in a segregated account for Borrower (the "Borrower Collateral Account"), and thereafter disposed of in accordance with this Agreement.
Stock Dividends, Distributions, Etc. Subject to Section 5 of this Agreement, if, while this Agreement is in effect, the Pledgor shall become entitled to receive any shares of stock (including, without limitation, a distribution in connection with any reclassification, increase or reduction of capital or in connection with any reorganization), or any option or right to acquire shares of stock, in substitution of, or in exchange for, any shares of Pledged Securities, or shall receive any stock dividend with respect to any shares of Pledged Securities, the Pledgor agrees to pledge the same as additional collateral security for the obligations under the Note, such shares shall become part of the Pledged Securities, the Pledgor shall deposit with the Secured Party the certificates representing such shares (together with appropriate undated stock powers duly executed in blank), and the Secured Party shall hold such additional shares of Pledged Securities pursuant to this Agreement. Any sums paid upon or in respect of the Pledged Securities upon the recapitalization, reorganization, liquidation or dissolution of the issuer thereof shall be paid over to the Secured Party, as additional collateral security for the payment of the obligations under the Note.
Stock Dividends, Distributions, Etc. If, while this Agreement is in effect, the Debtor and/or Subsidiary shall became entitled to receive or shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend, stock split, conversion of a convertible security or a distribution in connection with any reclassification or any increase or reduction of capital, or issued in connection with any reorganization), option or right, whether as an addition to, in substitution, of or in exchange for any of the Shares, Debtor and Subsidiary agrees that such stock certificate, option or right shall be additional collateral security for the Secured Obligations, and shall be delivered to Escrow Agent to be held as Collateral pursuant to the terms of this Agreement.
Stock Dividends, Distributions, Etc. In the event of a stock split, reverse stock split, stock dividend or distribution, or any change in the number of Shares by reason of any recapitalization, combination, reclassification, exchange of shares or similar transaction, the term “Subject Shares” shall automatically be deemed to refer to and include all such stock dividends and distributions and any securities into which or for which any or all of such Shares may be changed or exchanged or which are received in such transaction.
Stock Dividends, Distributions, Etc. If, while this Agreement is in effect, Pledgor shall become entitled to receive or shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization), option or rights, as an addition to, in substitution of, or in exchange for, any shares of any Pledged Stock, Pledgor agrees to accept the same as Pledgee's agent and to hold the same in trust on behalf of and for the benefit of Pledgee and to deliver the same forthwith to Pledgee in the exact form received, with the endorsement of Pledgor when necessary, and/or appropriate undated stock powers duly executed in blank, to be held by Pledgee, subject to the terms hereof, as additional collateral security for the Secured Obligations. All property so distributed in respect of the Pledged Stock which is received by Pledgor shall, until delivered to Pledgee, be held by Pledgor as Pledgee's agent (and in trust on its behalf and for its benefit) as additional collateral security for the Secured Obligations.
Stock Dividends, Distributions, Etc. In the event of a stock split, reverse stock split, stock dividend or distribution, or any change in the Parent Common Stock or other Securities of Parent by reason of any recapitalization, combination, reclassification, exchange of shares or similar transaction, the term “Covered Parent Shares” shall be deemed to refer to and include all such stock dividends and distributions and any Securities into which or for which any or all of such shares may be changed or exchanged or which are received in such transaction.
Stock Dividends, Distributions, Etc. Subject to any applicable and effective provision of the SVB Subordination Agreement, if, while this Agreement is in effect, Pledgor becomes entitled to receive or receives any stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital or issued in connection with any reorganization), option or rights, whether as an addition to, in substitution of, or in exchange for, any Collateral, Pledgor agrees to accept the same as agent for Secured Party and to hold the same in trust on behalf of and for the benefit of Secured Party and to deliver the same forthwith to Secured Party or Secured Party’s Agent in the exact form received, with the endorsement of Pledgor when necessary and/or appropriate undated stock or other powers duly executed in blank, to be held by Secured Party or Secured Party’s Agent, as additional collateral security for the Secured Obligations. Any sums paid on or in respect of the Collateral on the liquidation or dissolution of the issuer thereof shall be paid over to Secured Party or Secured Party’s Agent, to be held by Secured Party, as additional collateral security for the Secured Obligations; and if any distribution of capital is made on or in respect of the Shares or any property is distributed on or with respect to the Shares pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization of the issuer thereof, the property so distributed shall be delivered to Secured Party or Secured Party’s Agent, to be held by Secured Party or Secured Party’s Agent, subject to the terms and conditions hereof, as additional collateral security for the Secured Obligations. All sums of money and property so paid or distributed in respect of the Shares that are received by Pledgor shall, until paid or delivered to Secured Party or Secured Party’s Agent, be held by Pledgor in trust as additional collateral security for the Secured Obligations.
