Distributions in Respect of Collateral Clause Samples

Distributions in Respect of Collateral. If the Credit Parties or any Subsidiary or Affiliate shall receive any rights, whether in addition to, in substitution of, as a conversion of, or in exchange for any Collateral, or otherwise in respect thereof, the Credit Parties shall accept the same as the Administrative Agent’s agent, hold the same in trust for the Administrative Agent and deliver the same forthwith to the Administrative Agent (or its designee) in the exact form received, together with duly executed instruments of transfer, assignments in blank, executed and undated stock powers in blank and such other documentation as the Administrative Agent shall reasonably request. If any sums of money or property are paid or distributed in respect of the Collateral (other than the Obligor Reserve Payments) and received by any Credit Party or any Subsidiary or Affiliate, the Credit Parties shall promptly pay or deliver, or caused to be paid or delivered, such money or property to the Administrative Agent and, until such money or property is so paid or delivered to the Administrative Agent, hold such money or property in trust for the Administrative Agent, segregated from other funds of the Credit Parties, their Subsidiaries and Affiliates and other Persons.

Distributions in Respect of Collateral. 9.1 Pledgor assigns to, and authorizes Secured Party to receive, any interest, principal, dividends, distributions, or other income or payments of whatever nature (whether in cash or in kind) now or hereafter made in respect of the Collateral, including those made in connection with the dissolution, liquidation, sale of assets, merger, consolidation, or other reorganization of WRDCLogsys, or any stock dividend, stock split, recapitalization, reclassification or otherwise (collectively, “Distributions”), to surrender such Collateral or any part thereof in exchange therefor, and to hold any such Distribution as part of the Collateral. 9.2 Pledgor will not demand or receive any income or Distribution with respect to the Collateral and if Pledgor receives any such Distributions, Pledgor will hold such Distributions in trust and deliver them promptly in the form received to Secured Party to hold as Collateral. After the occurrence and during the continuance of an Event of Default, Secured Party may apply any net cash Distributions to payment of any of the Secured Obligations in such order as Secured Party may elect, but Secured Party shall account for and pay over to Pledgor any Distributions remaining after full payment of such Secured Obligations.

Distributions in Respect of Collateral. (a) Unless an Event of Default with respect to a Pledgor or a failure by a Pledgor to meet any of its obligations under Section 2(c) hereof has occurred and is continuing, such Pledgor shall be entitled to receive for its own account all dividends, interest, distributions and other payments relating to all of the Collateral pledged by such Pledgor, unless such dividends, interest, distributions or other payments constitute part of the Reference Property or the payment thereof to such Pledgor would reduce the aggregate Pledge Value of the Collateral pledged by such Pledgor below such Pledgor's Pledge Value Requirement. The Collateral Agent agrees to remit to the relevant Pledgor on the Business Day received or the first Business Day thereafter all such payments received by it. At any time when a Pledgor is not entitled to receive any such payments hereunder, the Collateral Agent shall retain such payments (and any such payments which are received by such Pledgor shall be received in trust for the benefit of the Trust, shall be segregated from other funds of the Pledgor and shall forthwith be paid over to the Collateral Agent), and the Collateral Agent shall hold all such payments so retained by, or paid over to, the Collateral Agent as Collateral hereunder. The security interest of the Collateral Agent shall continue in any such payment so retained by, or paid over to, the Collateral Agent. (b) Unless an Event of Default with respect to a Pledgor has occurred and is continuing, such Pledgor shall have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to the Collateral pledged by such Pledgor, and the Collateral Agent shall, upon receiving a written request from such Pledgor, deliver to such Pledgor or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any of the Collateral pledged by such Pledgor which is registered in the name of the Collateral Agent or its nominee as shall be specified in such request and be in form and substance satisfactory to the Collateral Agent. If an Event of Default with respect to a Pledgor shall have occurred and be continuing, the Collateral Agent shall have the right to the extent permitted by law, and such Pledgor shall take all such action as may be necessary or appropriate to give effect to such right, to vote and to give consents, ratifications and waivers, and take any other action with respect to any or all of th...

Distributions in Respect of Collateral. Whether or not a material breach of a representation, warranty or covenant made by a Shareholder herein has occurred, each Shareholder assigns to, and authorizes Investor to receive, any interest, principal, dividends, distributions, or other income or payments of whatever nature (whether in cash or in kind) now or hereafter made in respect of the Collateral, including those made in connection with the dissolution, liquidation, sale of all or substantially all assets, merger, consolidation, or other reorganization of VHC, or any stock dividend, stock split, recapitalization, reclassification or otherwise (collectively, "Distributions"), to surrender such Collateral or any part thereof in exchange therefor, and to hold any such Distribution as part of the Collateral; provided, however, that Investor or its nominee need not collect any such Distribution on any Collateral or give any notice of nonpayment with respect to such Distributions and further provided that if no material breach of a representation, warranty or covenant made by a Shareholder herein shall have occurred (or would result), each Shareholder may receive for his own account any regular cash dividends.

Distributions in Respect of Collateral. If the Borrowers or the Guarantors shall receive any rights, whether in addition to, in substitution of, as a conversion of, or in exchange for any Collateral, or otherwise in respect thereof, the Borrowers and the Guarantors shall accept the same as the Administrative Agent’s agent, hold the same in trust for the Administrative Agent and deliver the same forthwith to the Administrative Agent (or its designee) in the exact form received, together with duly executed instruments of transfer, assignments in blank, executed and undated stock powers in blank and such other documentation as the Administrative Agent shall reasonably request. If any sums of money or property are paid or distributed in respect of the Collateral and received by any Borrower, any Guarantor or any Consolidated Subsidiary of a Borrower or a Guarantor, the Borrowers and the Guarantors shall promptly pay or deliver, or caused to be paid or delivered, such money or property to the Administrative Agent and, until such money or property is so paid or delivered to the Administrative Agent, hold such money or property in trust for the Administrative Agent, segregated from other funds of the Borrowers and the Guarantors.

Distributions in Respect of Collateral. (a) Unless an Event of Default or a failure by the Pledgor to meet any of its obligations under Sections 2 or 4 hereof has occurred and is continuing, the Pledgor shall be entitled to receive for its own account all dividends, interest, distributions and other payments

Distributions in Respect of Collateral. If the Borrower or any Subsidiary or Affiliate thereof shall receive any rights, whether in addition to, in substitution of, as a conversion of, or in exchange for any Collateral, or otherwise in respect thereof, the Borrower shall accept the same as the Administrative Agent’s agent, hold the same in trust for the Administrative Agent and deliver the same forthwith to the Administrative Agent (or its designee) in the exact form received, together with duly executed instruments of transfer, assignments in blank, executed and undated stock powers in blank and such other documentation as the Administrative Agent shall reasonably request.

Distributions in Respect of Collateral. The following provisions shall apply to Proceeds (as defined in the Uniform Commercial Code of the State of New York) in respect of the Collateral.

Distributions in Respect of Collateral. Until such time as Regency and the Transferees release their respective security interests in the Collateral, each Midland Principal shall assign to and authorize Regency and the Transferees to receive any and all non-cash dividends or non-cash distributions of whatever nature now or hereafter made in respect of the Collateral, including those made in connection with the dissolution, liquidation, sale of assets, merger, consolidation or other reorganization of Regency or any Transferee, or any stock dividend, stock split, recapitalization, reclassification or otherwise, to surrender such Collateral or any part thereof in exchange therefor, and to hold any such dividend or distribution as part of the Collateral. Notwithstanding Regency's and the Transferees' respective security interests in the Collateral, each Midland Principal shall be entitled to receive all cash distributions relating to Additional Units constituting Collateral without any security interest attaching thereto.