Common use of Continuous Pledge Clause in Contracts

Continuous Pledge. Subject to Section 2.4, each Grantor will, at all times, keep pledged to the Administrative Agent pursuant hereto all Pledged Equity Interests constituting Collateral, all dividends and distributions with respect thereto and all other Collateral and other securities, instruments, proceeds, and rights from time to time received by or distributable to such Grantor in respect of any Collateral.

Appears in 7 contracts

Sources: Pledge Agreement, Pledge Agreement (CatchMark Timber Trust, Inc.), Pledge Agreement (CatchMark Timber Trust, Inc.)

Continuous Pledge. Subject to Section 2.4, each Grantor will, at all times, keep pledged to the Administrative Agent pursuant hereto all Pledged Equity Membership Interests constituting Collateral, all dividends and distributions with respect thereto and all other Collateral and other securities, instruments, proceeds, and rights from time to time received by or distributable to such Grantor in respect of any Collateral.

Appears in 1 contract

Sources: Pledge Agreement (Wells Timberland REIT, Inc.)