Common use of Obligations of Pledgor Clause in Contracts

Obligations of Pledgor. After the Pledge has become enforceable: (a) all Dividends shall be paid to and retained by the Administrative Agent, and any such moneys which may be received by the Pledgor shall, pending such payment, be segregated from any other property of the Pledgor and held in trust for the Administrative Agent

Obligations of Pledgor. After the Pledge has become enforceable: (a) enforceable all Dividends shall be paid to and retained by the Administrative Agent, and any such moneys which may be received by the Pledgor shall, pending such payment, be segregated from any other property of the Pledgor and held in trust for the Administrative Agent;