Common use of Dividend and Distribution Rights Clause in Contracts

Dividend and Distribution Rights. The Debtor shall be entitled to receive and to retain and use any and all dividends or distributions paid in respect of the Pledged Collateral; provided, however, that any and all such dividends be, and the certificates representing such capital stock forthwith shall be delivered to Secured Party to hold as, Pledged Collateral and shall, if received by the Debtor, be received in trust for the benefit of Secured Party, be segregated from the other property of the Debtor and forthwith be delivered to Secured Party as Pledged Collateral in the same form as so received (with any necessary endorsements and stock powers).