Stock Dividends, Options, or Other Adjustments. Subject and pursuant to Section 3 hereof and Section 7.14 of the Credit Agreement, the Pledgee shall receive, as Collateral, any and all additional shares of stock, membership interests or any other property of any kind distributable on or by reason of the Collateral pledged hereunder, whether in the form of or by way of dividends, warrants, partial liquidation, conversion, prepayments or redemptions (in whole or in part), liquidation, or otherwise with the exceptions of cash dividends or other cash distributions to the extent permitted under Section 7(a) hereof. If any additional shares of capital stock, instruments, or other property in respect of the Pledged Interests against which a security interest can only be perfected by possession by the Pledgee, which are distributable on or by reason of the Collateral pledged hereunder, shall come into the possession or control of the Pledgor, the Pledgor shall hold or control in trust for Pledgee and the Lenders and forthwith transfer and deliver the same to the Pledgee subject to the provisions hereof.
Stock Dividends, Options, or Other Adjustments. The Pledgee shall receive, as Collateral, any and all additional shares of stock or any other property of any kind distributable on or by reason of the Collateral pledged hereunder, whether in the form of or by way of stock dividends, warrants, partial liquidation, conversion, prepayments or redemptions (in whole or in part), liquidation, or otherwise with the exceptions of cash dividends or other cash distributions to the extent permitted under Section 7(a). If any additional shares of capital stock, instruments, or other property against which a security interest can only be perfected by possession by the Pledgee, which are distributable on or by reason of the Collateral pledged hereunder, shall come into the possession or control of the Pledgor, the Pledgor shall hold or control in trust and forthwith transfer and deliver the same to the Pledgee subject to the provisions hereof.
Stock Dividends, Options, or Other Adjustments. Until the Termination Date (as defined in Section 17), the Pledgor shall deliver, as Collateral, to the Collateral Agent, any and all additional shares of stock or any other property of any kind distributable on or by reason of the Collateral, whether in the form of or by way of stock dividends, warrants, total or partial liquidation, conversion, prepayments, redemptions or otherwise. If any additional shares of capital stock, instruments or other property a security interest in which can be perfected only by possession by the Collateral Agent, which are distributable on or by reason of the Collateral pledged hereunder, shall come into the possession or control of the Pledgor, Pledgor shall forthwith transfer and deliver such property to the Collateral Agent, as Collateral hereunder.
Stock Dividends, Options, or Other Adjustments. Until the Final Date, the Pledgor shall deliver to the Collateral Agent, as FMARC Collateral, any and all additional shares of stock or any other property of any kind distributable on or by reason of the FMARC Collateral, whether in the form of or by way of stock dividends, warrants, total or partial liquidation, conversion, prepayments, redemptions or otherwise, with the sole exception of cash dividends or cash interest payments, as the case may be. If any additional shares of capital stock, instruments, or other property, a security interest in which can only be perfected by possession, which are distributable on or by reason of the FMARC Collateral pledged hereunder, shall come into the possession or control of the Pledgor, the Pledgor shall forthwith transfer and deliver such property to the Collateral Agent, as FMARC Collateral hereunder. The security interest of the Secured Party in and to such additional FMARC Collateral shall be subordinate to the Senior Security Interests for so long as any Senior Obligation shall be outstanding, and for as long as such Senior Security Interests 4 shall continue.
Stock Dividends, Options, or Other Adjustments. The Pledgee shall receive, as Collateral, any and all additional shares of stock, membership interests or other property of any kind distributable on or by reason of the Collateral pledged hereunder, whether in the form of or by way of dividends, warrants, partial liquidation, conversion, prepayments or redemptions (in whole or in part), liquidation, or otherwise with the exceptions of cash dividends or other cash distributions to the extent permitted under Section 7(a). If any additional shares of capital stock, instruments, or other property against which a security interest can only be perfected by possession by the Pledgee, which are distributable on or by reason of the Collateral pledged hereunder, shall come into the possession or control of the Pledgor, the Pledgor shall, hold or control in trust and forthwith transfer and deliver the same to the Pledgee subject to the provisions hereof.
Stock Dividends, Options, or Other Adjustments. The Pledgee shall receive, as Collateral, any and all additional shares of stock, membership interests or any other property of any kind distributable on or by reason of the Collateral pledged hereunder, whether in the form of or by way of dividends, warrants, partial liquidation, conversion, prepayments or redemptions (in whole or in part), liquidation, or otherwise with the exception of cash dividends or other cash distributions to the extent permitted under Section 7(a); provided, however, Pledgee shall not be entitled to receive any additional shares of stock, membership interests or other equity interests of any Pledged Company if such receipt would cause in excess of two-thirds of the issued and outstanding capital stock or membership interest or other equity interest of such Pledged Company to be pledged hereunder. Notwithstanding the foregoing, if as a result of a change in the tax laws of the United States of America after the date of this Agreement, the pledge by the Pledgor of capital stock, membership interests or other equity interest of a Pledged Company in excess of 65% of the outstanding capital stock, membership interests or other equity interests would not result in an increase in the aggregate net consolidated tax liabilities of the Pledgor and its Subsidiaries, then promptly after the change in such laws, all capital stock, membership interest or other equity interest (or such lesser amount which would not result in an increase in such consolidated tax liabilities) in each Pledged Company which is owned by the Pledgor (regardless how or when received, including, without limitation shares or interests owned by the Pledgor as of the date of this Agreement) shall be pledged under this Agreement and shall constitute Pledged Shares or Pledged Rights, as the case may be. If any such additional shares of capital stock, instruments, or other property against which a security interest can only be perfected by possession by the Pledgee, which are distributable on or by reason of the Collateral pledged hereunder, shall come into the possession or control of the Pledgor, the Pledgor shall, hold or control in trust and forthwith transfer and deliver the same to the Pledgee subject to the provisions hereof.
Stock Dividends, Options, or Other Adjustments. The Pledgee shall receive, as Collateral, any and all additional shares of stock, membership interests or any other property of any kind distributable on or by reason of the Collateral pledged hereunder, whether in the form of or by way of dividends, warrants, partial liquidation, conversion, prepayments or redemptions (in whole or in part), liquidation, or otherwise with the exceptions of cash dividends or other cash distributions to the extent permitted under Section 7(a) hereof. If any additional shares of capital stock, instruments, or other property in respect of the Pledged Interests against which a security interest can only be perfected by possession by the Pledgee, which are distributable on or by reason of the Collateral pledged hereunder, shall come into the possession or control of the Pledgor, the Pledgor shall hold or control in trust for the Pledgee and the Lenders and forthwith transfer and deliver the same to the Pledgee subject to the provisions hereof.
Stock Dividends, Options, or Other Adjustments. Until the occurrence of the last Insurer Termination Date with respect to any Series, the Pledgor shall deliver, as Collateral, to the Collateral Agent, any and all additional shares of stock or any other property of any kind distributable on or by reason of the Collateral, whether in the form of or by way of stock dividends, warrants, total or partial liquidation, conversion, prepayments, redemptions or otherwise, with the sole exception of cash dividends or cash interest payments, as the case may be. If any additional shares of capital stock, instruments, or other property a security interest in which can only be perfected by possession by the Collateral Agent, which are distributable on or by reason of the Collateral pledged hereunder, shall come into the possession or control of the Pledgor, the Pledgor shall forthwith transfer and deliver such property to the Collateral Agent, as Collateral hereunder.
Stock Dividends, Options, or Other Adjustments. Prior to the full payment and satisfaction by Pledgor of all of the Obligations, Secured Party shall receive, as additional Collateral, any and all additional shares of stock or any other property of any kind distributable on or by reason of the Collateral pledged hereunder, whether in the form of or by way of stock dividends, warrants, total or partial liquidation, conversion, exchange, prepayments or redemptions (in whole or in part) or otherwise, except for cash distributions which shall be retained by the Pledgor to the extent provided in Section 1 hereof. If any additional shares of capital stock, instruments, or other property, against which a security interest can only be perfected by possession by Secured Party, are distributed on or by reason of the Collateral pledged hereunder and shall come into the possession or control of Pledgor, Pledgor shall hold or control and forthwith transfer and deliver the same to Secured Party subject to the provisions hereof.
Stock Dividends, Options, or Other Adjustments. In the event of a reorganization, recapitalization, share split-up, combination of shares, merger, transfer, or consolidation, all new, additional, or substituted shares, stock, securities or instruments of whatever class issued with respect to the Collateral are to be delivered to Lender immediately after issuance. Lender is to hold the stock, securities or instruments issued as part of the Collateral pursuant to the terms of this Agreement. Similarly, if warrants, options or other rights with respect to any part of the Collateral are issued to the Pledgor, and if the Pledgor exercises any such warrant, option or right, all new stock, securities or instruments received upon exercise are to be delivered by the Pledgor to Lender immediately after issuance as part of the Collateral.
