Common use of After an Enforcement Event Clause in Contracts

After an Enforcement Event. The Pledgor [(and, if the Clearing Agent is acting as ▇▇▇▇▇▇▇’s Representative, the Clearing Agent, each)] [(and, if the Third-Party Account Holder is acting as Pledgor’s Representative, the Third-Party Account Holder, each)] undertakes, at any time after an Enforcement Event has occurred and at any time as long as such event shall be continuing, that all Income shall be retained in the relevant Pledged Securities Accounts for the account of the Pledgee and shall remain subject to the Security Interests. If the Pledgor [(or if the Clearing Agent is acting as ▇▇▇▇▇▇▇’s Representative, the Clearing Agent, acting on behalf of the Pledgor)] [(or if Third-Party Account Holder is acting as Pledgor’s Representative, the Third-Party Account Holder, acting on behalf of the Pledgor)] nevertheless receives any Income, the Pledgor [(and if the Clearing Agent is acting as ▇▇▇▇▇▇▇’s Representative, the Clearing Agent, acting on behalf of the Pledgor)] [(and if the Third-Party Account Holder is acting as Pledgor’s Representative, the Third- Party Account Holder, acting on behalf of the Pledgor)] shall be deemed to hold such Income as agent on behalf of the Pledgee and shall transfer such Income to the relevant Pledged Securities Account and thus such Income shall fall within the scope of the pledge referred to in Clause 2.1.

After an Enforcement Event. The Pledgor [(and, if the Clearing Agent is acting as ▇▇▇▇▇▇▇’s Representative, the Clearing Agent, each)] [(and, if the Third-Party Account Holder is acting as Pledgor▇▇▇▇▇▇▇’s Representative, the Third-Party Account Holder, each)] undertakes, at any time after an Enforcement Event has occurred and at any time as long as such event shall be continuing, that all Income shall be retained in the relevant Pledged Securities Accounts for the account of the Pledgee and shall remain subject to the Security Interests. If the Pledgor [(or if the Clearing Agent Third-Party Account Holder is acting as ▇▇▇▇▇▇▇’s Representative, the Clearing Agent, acting on behalf of the Pledgor)] [(or if Third-Party Account Holder is acting as Pledgor’s Representative, the Third-Party Account Holder, acting on behalf of the Pledgor)] nevertheless receives any Income, the Pledgor [(and if the Clearing Agent is acting as ▇▇▇▇▇▇▇’s Representative, the Clearing Agent, acting on behalf of the Pledgor)] [(and if the Third-Party Account Holder is acting as Pledgor’s Representative, the Third- Third-Party Account Holder, acting on behalf of the Pledgor)] shall be deemed to hold such Income as agent on behalf of the Pledgee and shall transfer such Income to the relevant Pledged Securities Account and thus such Income shall fall within the scope of the pledge referred to in Clause 2.1.. […]