Additional Securities. If such Pledgor shall receive by virtue of its being or having been the owner of any Core Collateral constituting Subsidiary Capital Stock, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments or other documents, including without limitation, any certificates, instruments or other documents representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of Capital Stock, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Core Collateral or otherwise; (iii) dividends paid in Capital Stock; or (iv) distributions of Capital Stock or other equity interests in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then such Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from such Pledgor’s other property and shall deliver it forthwith to the Collateral Custodian, in the exact form received accompanied by duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) attached hereto, to be held by the Collateral Custodian, as Pledged Collateral and as further collateral security for the Secured Obligations.
Appears in 2 contracts
Sources: Pledge Agreement (Capitalsource Inc), Pledge Agreement (Capitalsource Inc)
Additional Securities. If such Pledgor shall receive (or become entitled to receive) by virtue of its being or having been the owner of any Core Collateral constituting Subsidiary Capital StockPledged Collateral, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments certificate or other documentsinstrument, including without limitation, any certificates, instruments or other documents certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of Capital Stockshares or membership or other Equity Interests, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option or right, whether as an addition to, substitution for, conversion of, or an exchange for, any Core Pledged Collateral or otherwiseotherwise in respect thereof; (iii) dividends paid payable in Capital Stocksecurities; or (iv) distributions of Capital Stock securities or other equity interests Equity Interests, cash or other property in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then such Pledgor shall accept and receive each such certificate, instrument, option, right right, dividend or distribution in trust for the benefit of the Collateral Agent, shall segregate it from such Pledgor’s other property and shall deliver it forthwith to the Collateral Custodian, Agent in the exact form received accompanied by together with any necessary endorsement and/or appropriate stock power duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) attached hereto), to be held by the Collateral Custodian, Agent as Pledged Collateral and as further collateral security for the Senior Secured Obligations.
Appears in 2 contracts
Sources: Pledge Agreement (Ruby Tuesday Inc), Loan Facility Agreement and Guaranty (Ruby Tuesday Inc)
Additional Securities. If such the Pledgor shall receive by virtue of its being or having been the owner of any Core Collateral constituting Subsidiary Capital StockCollateral, any (i) shares of unit certificate, stock certificate, membership certificate or other certificate representing units, stock, or a membership interest certificates, or partnership certificates, other certificates, instruments or other documentsinterest, including without limitation, any certificates, instruments or other documents certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of Capital Stockshares of stock, units or membership or equity or partnership interests, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Core Collateral or otherwise; (iii) dividends paid payable in Capital Stocksecurities; or (iv) distributions of Capital Stock or other equity interests securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then such the Pledgor shall receive such certificate, instrument, option, right right, dividend or distribution in trust for the benefit of the Collateral AgentCreditor Parties, shall segregate it from such the Pledgor’s other property and shall deliver it forthwith to the Collateral Custodian, Pledgee in the exact form received accompanied by together with any necessary endorsement and/or appropriate stock power, unit power, membership interest power or partnership interest power, as applicable, duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) attached hereto1, to be held by the Collateral Custodian, Pledgee as Pledged Collateral and as further collateral security for the Secured Obligations.
Appears in 1 contract
Additional Securities. If Subject to the limitations applicable to shares of Foreign Subsidiaries set forth in Section 2(a), if such Pledgor shall receive by virtue of its being or having been the owner of any Core Collateral constituting Subsidiary Capital StockPledged Collateral, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments or other documentscertificate evidencing Capital Stock, including without limitation, any certificates, instruments or other documents certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of Capital Stockshares, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Core Pledged Collateral or otherwise; (iii) dividends paid payable in Capital Stocksecurities; or (iv) distributions of Capital Stock or other equity interests securities in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then such Pledgor shall receive such certificate, instrument, option, right right, or distribution in trust for the benefit of the Collateral Agent, shall segregate it from such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Custodian, Agent in the exact form received accompanied by together with any necessary endorsement and/or appropriate transfer power duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit Schedule 4(a) attached hereto), accompanied by an irrevocable proxy coupled with an interest duly executed by such Pledgor in form and substance satisfactory to Agent, to be held by the Collateral Custodian, Agent as Pledged Collateral and as further collateral security for the Secured Obligations.
Appears in 1 contract
Additional Securities. If such any Pledgor shall receive (or become entitled to receive) by virtue of its being or having been the owner of any Core Collateral constituting Subsidiary Capital StockPledged Collateral, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments certificate or other documentsinstrument, including without limitation, any certificates, instruments or other documents certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of Capital Stockshares or membership or other Equity Interests, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option or right, whether as an addition to, substitution for, conversion of, or an exchange for, any Core Pledged Collateral or otherwiseotherwise in respect thereof; (iii) dividends paid payable in Capital Stocksecurities; or (iv) distributions of Capital Stock securities or other equity interests Equity Interests in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then such Pledgor shall accept and receive each such certificate, instrument, option, right right, dividend or distribution in trust for the benefit of the Collateral Administrative Agent, shall segregate it from such Pledgor’s other property and shall deliver it forthwith to the Collateral Custodian, Administrative Agent in the exact form received accompanied by together with any necessary endorsement and/or appropriate stock power duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) attached hereto), to be held by the Collateral Custodian, Administrative Agent as Pledged Collateral and as further collateral security for the Secured Obligations.
Appears in 1 contract
Sources: Pledge Agreement (NOODLES & Co)
Additional Securities. If Subject to the percentage restrictions set forth in Section 2, if such Pledgor shall receive by virtue of its being or having been the owner of any Core Collateral constituting Subsidiary Capital StockPledged Collateral, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments or other documentscertificate, including without limitation, any certificates, instruments or other documents certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of Capital Stockshares of Equity Interest, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Core Pledged Collateral or otherwise; (iii) dividends paid payable in Capital StockEquity Interest; or (iv) distributions of Capital Stock Equity Interest or other equity interests in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then such Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Administrative Agent, shall segregate it from such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Custodian, Administrative Agent in the exact form received accompanied by duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) A attached hereto, to be held by the Collateral Custodian, Administrative Agent as Pledged Collateral and as further collateral security for the Secured Obligations.
Appears in 1 contract
Sources: Credit Party Pledge Agreement (Riviera Holdings Corp)
Additional Securities. If such Pledgor shall receive (or become entitled to receive) by virtue of its being or having been the owner of any Core Collateral constituting Subsidiary Capital StockPledged Collateral, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments certificate or other documentsinstrument, including without limitation, any certificates, instruments or other documents certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of Capital Stockshares or membership or other Equity Interests, stock splits, spin-off or split-off, promissory notes or other instruments; , (ii) option or right, whether as an addition to, substitution for, conversion of, or an exchange for, any Core Pledged Collateral or otherwise; otherwise in respect thereof, (iii) dividends paid payable in Capital Stock; securities, or (iv) distributions of Capital Stock securities or other equity interests Equity Interests, cash or other property in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then such Pledgor shall accept and receive each such certificate, instrument, option, right right, dividend or distribution in trust for the benefit of the Collateral Administrative Agent, shall segregate it from such Pledgor’s other property and shall deliver it forthwith to the Collateral Custodian, Administrative Agent in the exact form received accompanied by together with any necessary endorsement and/or appropriate stock power duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) attached hereto), to be held by the Collateral Custodian, Administrative Agent as Pledged Collateral and as further collateral security for the Secured Obligations.
Appears in 1 contract
Additional Securities. If such Pledgor shall receive (or become entitled to receive) by virtue of its being or having been the owner of any Core Collateral constituting Subsidiary Capital StockPledged Collateral, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments certificate or other documentsinstrument, including without limitation, any certificates, instruments or other documents certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidationamalgamation, sale of assets, combination of Capital Stockshares or membership or other Equity Interests, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option or right, whether as an addition to, substitution for, conversion of, or an exchange for, any Core Pledged Collateral or otherwiseotherwise in respect thereof; (iii) dividends paid payable in Capital Stocksecurities; or (iv) distributions of Capital Stock securities or other equity interests Equity Interests, cash or other property in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then such Pledgor shall accept and receive each such certificate, instrument, option, right right, dividend or distribution in trust for the benefit of the Collateral Canadian Administrative Agent, shall segregate it from such Pledgor’s other property and shall deliver it forthwith to the Collateral Custodian, Canadian Administrative Agent in the exact form received accompanied by together with any necessary endorsement and/or appropriate stock power duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) attached hereto), to be held by the Collateral Custodian, Canadian Administrative Agent as Pledged Collateral and as further collateral security for the Secured Obligations.
Appears in 1 contract
Additional Securities. If such Pledgor shall receive by virtue of --------------------- its being or having been the owner of any Core Collateral constituting Subsidiary Capital StockPledged Collateral, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments or other documentscertificate, including without limitation, any certificates, instruments or other documents certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of Capital Stockshares or membership or equity interests, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Core Pledged Collateral or otherwise; (iii) dividends paid payable in Capital Stocksecurities; or (iv) distributions of Capital Stock securities or other equity interests in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then then, subject to the percentage limitations set forth in Sections 2(a) and (b) above, such Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Custodian, Agent in the exact form received accompanied by together with any necessary endorsement and/or appropriate stock power duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) attached hereto), to be held by the Collateral Custodian, Agent as Pledged Collateral and as further ------------ collateral security for the Secured Pledgor Obligations.
Appears in 1 contract
Additional Securities. If such Pledgor shall receive (or become entitled to receive) by virtue of its being or having been the owner of any Core Collateral constituting Subsidiary Capital StockPledged Collateral, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments certificate or other documentsinstrument, including without limitation, any certificates, instruments or other documents certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of Capital Stockshares or membership or other Equity Interests, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option WEST\275627297. 6 4 or right, whether as an addition to, substitution for, conversion of, or an exchange for, any Core Pledged Collateral or otherwiseotherwise in respect thereof; (iii) dividends paid payable in Capital Stocksecurities; or (iv) distributions of Capital Stock securities or other equity interests Equity Interests, cash or other property in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then such Pledgor shall accept and receive each such certificate, instrument, option, right right, dividend or distribution in trust for the benefit of the Collateral Administrative Agent, shall segregate it from such Pledgor’s other property and shall deliver it forthwith to the Collateral Custodian, Administrative Agent in the exact form received accompanied by together with any necessary endorsement and/or appropriate stock power duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) attached hereto), to be held by the Collateral Custodian, Administrative Agent as Pledged Collateral and as further collateral security for the Secured Obligations.
Appears in 1 contract
Sources: Credit Agreement (Wageworks, Inc.)
Additional Securities. If such Pledgor shall receive (or become entitled to receive) by virtue of its being or having been the owner of any Core Collateral constituting Subsidiary Capital StockPledged Collateral, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments certificate or other documentsinstrument, including without limitation, any certificates, instruments or other documents certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of Capital Stockshares or membership or other Equity Interests, stock splits, spin-off or split-off, promissory notes or other instruments; , (ii) option or right, whether as an addition to, substitution for, conversion of, or an exchange for, any Core Pledged Collateral or otherwise; otherwise in respect thereof, (iii) dividends paid payable in Capital Stock; securities or (iv) distributions of Capital Stock securities or other equity interests Equity Interests, cash or other property in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then such Pledgor shall accept and receive each such certificate, instrument, option, right right, dividend or distribution in trust for the benefit of the Collateral Administrative Agent, shall segregate it from such Pledgor’s other property and shall deliver it forthwith to the Collateral Custodian, Administrative Agent in the exact form received accompanied by together with any necessary endorsement and/or appropriate stock power duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) attached hereto), to be held by the Collateral Custodian, Administrative Agent as Pledged Collateral and as further collateral security for the Secured Obligations.
Appears in 1 contract
Sources: Pledge Agreement (Veracyte, Inc.)
Additional Securities. If Subject to the percentage restrictions set forth in Section 2, if such Pledgor shall receive by virtue of its being or having been the owner of any Core Collateral constituting Subsidiary Capital StockPledged Collateral, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments or other documentscertificate, including without limitation, any certificates, instruments or other documents certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares of Capital Stock, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Core Pledged Collateral or otherwise; (iii) dividends paid payable in Capital Stock; or (iv) distributions of Capital Stock or other equity interests in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then such Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from such Pledgor’s other property and shall deliver it forthwith to the Collateral Custodian, Agent in the exact form received accompanied by duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) attached hereto, to be held by the Collateral Custodian, Agent as Pledged Collateral and as further collateral security for the Secured Obligations.
Appears in 1 contract
Sources: Pledge Agreement (Unifi Inc)
Additional Securities. If such Pledgor shall receive by virtue of its being being, becoming or having been the owner of any Core Collateral constituting Subsidiary Capital StockPledged Collateral, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments or other documentscertificate, including without limitation, any certificates, instruments or other documents certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of Capital Stockshares or membership or equity interests, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Core Pledged Collateral or otherwise; (iii) dividends paid payable in Capital Stocksecurities; or (iv) distributions of Capital Stock securities or other equity interests in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then then, subject to the percentage limitations set forth in Section 2(a) above, such Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from such Pledgor’s 's other property and shall deliver it forthwith to the Collateral Custodian, Agent in the exact form received accompanied by together with any necessary endorsement and/or appropriate stock power duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) attached hereto), to be held by the Collateral Custodian, Agent as Pledged Collateral and as further collateral security for the Secured Pledgor Obligations.
Appears in 1 contract
Sources: Pledge Agreement (Usc May Verpackungen Holding Inc)
Additional Securities. If Subject to the percentage restrictions set forth in Section 2, if such Pledgor shall receive by virtue of its being or having been the owner of any Core Collateral constituting Subsidiary Capital StockPledged Collateral, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments or other documentscertificate, including without limitation, any certificates, instruments or other documents certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares of Capital Stock, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Core Pledged Collateral or otherwise; (iii) dividends paid payable in Capital Stock; or (iv) distributions of Capital Stock or other equity interests in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then such Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from such Pledgor’s other property and shall deliver it forthwith to the Collateral Custodian, Agent in the exact form received accompanied by duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) A attached heretohereto or in other form reasonably acceptable to the Collateral Agent, to be held by the Collateral Custodian, Agent as Pledged Collateral and as further collateral security for the Secured Obligations.
Appears in 1 contract
Sources: Credit Agreement (Rock-Tenn CO)
Additional Securities. If such Pledgor Guarantor shall receive (or become entitled to receive) by virtue of its being or having been the owner of any Core Collateral constituting Subsidiary Capital StockPledged Collateral, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments certificate or other documentsinstrument, including without limitation, any certificates, instruments or other documents certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares or membership or other Capital Stock, stock splits, spin-off or split-off, promissory notes or other instruments; , (ii) option or right, whether as an addition to, substitution for, conversion of, or an exchange for, any Core Pledged Collateral or otherwise; otherwise in respect thereof, (iii) dividends paid payable in Capital Stock; securities, or (iv) distributions of securities or other Capital Stock or cash or other equity interests property in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then such Pledgor Guarantor shall accept and receive each such certificate, instrument, option, right right, dividend or distribution in trust for the benefit of the Collateral AgentBank, shall segregate it from such PledgorGuarantor’s other property and shall deliver it forthwith to the Collateral Custodian, Bank in the exact form received accompanied by together with any necessary endorsement and/or appropriate stock power duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) attached heretoAnnex III, to be held by the Collateral Custodian, Bank as Pledged Collateral and as further collateral security for the Secured Obligations.
Appears in 1 contract
Sources: Guarantee and Pledge Agreement (New Age Beverages Corp)
Additional Securities. If such the Pledgor shall receive by virtue of its being being, becoming or having been the owner of any Core Collateral constituting Subsidiary Capital StockPledged Collateral, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments or other documentscertificate, including without limitation, any certificates, instruments or other documents certificate representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of Capital Stockshares or membership or equity interests, stock splits, spin-off or split-off, promissory notes or other instrumentsinstrument; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Core Pledged Collateral or otherwise; (iii) dividends paid payable in Capital Stocksecurities; or (iv) distributions of Capital Stock securities or other equity interests in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then such then, subject to the percentage limitations set forth in Section 2(a) above, the Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Agent, shall segregate it from such the Pledgor’s 's other property and shall deliver it forthwith to the Collateral Custodian, Agent in the exact form received accompanied by together with any necessary endorsement and/or appropriate stock power duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit EXHIBIT 4(a) attached hereto), to be held by the Collateral Custodian, Agent as Pledged Collateral and as further collateral security for the Secured Pledgor Obligations.
Appears in 1 contract
Sources: Holdings Pledge Agreement (Medical Staffing Network Holdings Inc)
Additional Securities. If such Pledgor shall receive by virtue of its being or having been the owner of any Core Collateral constituting Subsidiary Capital Stock, any (i) shares of stock, membership interest certificates, partnership certificates, other certificates, instruments or other documents, including without limitation, any certificates, instruments or other documents representing a dividend or distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of Capital Stock, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option or right, whether as an addition to, substitution for, or an exchange for, any Core Collateral or otherwise; (iii) dividends paid in Capital Stock; or (iv) distributions of Capital Stock or other equity interests in connection with a partial or total liquidation, dissolution or reduction of capital, capital surplus or paid-in surplus, then such Pledgor shall receive such certificate, instrument, option, right or distribution in trust for the benefit of the Collateral Administrative Agent, shall segregate it from such Pledgor’s other property and shall deliver it forthwith to the Collateral Custodian, in the exact form received accompanied by duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) attached hereto, to be held by the Collateral Custodian, as Pledged Collateral and as further collateral security for the Secured Obligations.
Appears in 1 contract
Sources: Pledge Agreement (Capitalsource Inc)