Common use of Delivery of Additional Collateral Clause in Contracts

Delivery of Additional Collateral. If the Pledgor shall become entitled to receive or shall receive any additional Pledged Collateral, including any equity interests, option or rights, whether as an addition to, in substitution of, or in exchange for or conversion of any of the Pledged Interests, to the extent that such additional Pledged Collateral is in certificated form, the Pledgor agrees to (A) arrange that the same be delivered in certificated form directly to the Pledgee or (B) if direct delivery thereof is not practicable, to accept such additional Pledged Collateral as the agent of the Pledgee and to hold the same in trust for the benefit of the Pledgee and to deliver the same forthwith to Pledgee, in each case under clauses (A) and (B) in the exact form received, with the endorsement of the Pledgor when necessary and/or appropriate undated instruments of transfer duly executed in blank, in each case as additional collateral security for the Obligations.

Delivery of Additional Collateral. If the Pledgor shall become entitled to receive or shall receive any additional Pledged Collateral, including any equity interests, option or rights, whether as an addition to, in substitution of, or in exchange for or conversion of any of the Pledged InterestsShares, to the extent that such additional Pledged Collateral is in certificated form, the Pledgor agrees to (A) arrange that the same be delivered in certificated form directly to the Pledgee or (B) if direct delivery thereof is not practicable, to accept such additional Pledged Collateral as the agent of the Pledgee and to hold the same in trust for the benefit of the Pledgee and to deliver the same forthwith to Pledgee, in each case under clauses (A) and (B) in the exact form received, with the endorsement of the Pledgor when necessary and/or appropriate undated instruments of transfer duly executed in blank, in each case as additional collateral security for the Obligations.