Turnover by Grantors. All dividends, distributions or other payments that are received by any Grantor contrary to the provisions of this Agreement shall be received in trust for the benefit of the Administrative Agent, shall be segregated from other property or funds of such Grantor and shall be forthwith paid over to the Administrative Agent as Collateral in the same form as so received (with any necessary endorsement).
Appears in 10 contracts
Samples: Pledge and Security Agreement (Eastern Co), Pledge and Security Agreement (Purple Innovation, Inc.), Pledge and Security Agreement (Lemaitre Vascular Inc)
Turnover by Grantors. All dividends, distributions or other payments that which are received by any Grantor contrary to the provisions of this Agreement shall be received in trust for the benefit of the Administrative Agent, shall be segregated from other property or funds of such Grantor and shall be forthwith paid over to the Administrative Agent as Collateral in the same form as so received (with any necessary endorsement).
Appears in 4 contracts
Samples: Credit Agreement (American Dental Partners Inc), Credit Agreement (American Dental Partners Inc), Pledge and Security Agreement (American Dental Partners Inc)
Turnover by Grantors. All dividends, distributions or other payments that are received by any Grantor contrary to the provisions of this Agreement shall be received in trust for the benefit of the Administrative Collateral Agent, shall be segregated from other property or funds of such Grantor and shall be forthwith paid over to the Administrative Collateral Agent as Collateral in the same form as so received (with any necessary endorsement).
Appears in 2 contracts
Samples: Pledge and Security Agreement (American Greetings Corp), Pledge and Security Agreement (American Greetings Corp)
