Common use of Additional Pledged Securities Clause in Contracts

Additional Pledged Securities. All additional or other securities to which the registered owner of the Pledged Borrower Stock now or hereafter may become entitled to receive by reason of such ownership, in exchange or replacement for the Pledged Borrower Stock or in connection with any dividend, liquidating dividend, share split, recapitalization, reclassification, combination or other change in the capital structure of the Borrower or any entity in which the Borrower owns, directly or indirectly, any interest, whether by merger, consolidation, sale of assets, exchange of shares or any other manner whatsoever, together with the certificates or other instruments representing such shares and securities, duly endorsed in blank or accompanied by stock powers duly executed in blank or, at the election of the Secured Party, duly endorsed for transfer to the Secured Party (collectively, the "ADDITIONAL PLEDGED SECURITIES").