Common use of Original Pledge Clause in Contracts

Original Pledge. As collateral security for the payment and/or --------------- performance of all of Pledgor's presently existing or hereinafter arising obligations and liabilities to Pledgee under the Note, Pledgor hereby pledges, grants and assigns to Pledgee a continuing security interest in the following: (i) Eighty five thousand (85,000) shares of the Common Stock of Staar Surgical Company (the "Stock"); and (ii) the proceeds of the Stock including, without limitation, any and all dividends, cash, instruments and other property from time-to-time received, receivable, or otherwise distributed in respect of or in exchange for any of the Stock ("Proceeds"). (The Stock and the Proceeds shall hereinafter be collectively referred to as the "Collateral").

Appears in 1 contract

Sources: Stock Pledge Agreement (Staar Surgical Company)

Original Pledge. As collateral security for the payment and/or --------------- performance of all of Pledgor's presently existing or hereinafter arising obligations and liabilities to Pledgee under the Note, Pledgor hereby pledges, grants and assigns to Pledgee a continuing first-priority security interest in the following: (i) Eighty five four hundred thousand (85,000400,000) shares of the Common Stock common stock of Staar STAAR Surgical Company and all certificates evidencing such shares (the "Stock"); and (ii) the proceeds of the Stock including, without limitation, any and all dividends, cash, instruments and other property from time-to-time received, receivable, or otherwise distributed in respect of or in exchange for any of the Stock ("Proceeds"). (The Stock and the Proceeds shall hereinafter be collectively referred to as the "Collateral.").

Appears in 1 contract

Sources: Stock Pledge Agreement (Staar Surgical Company)

Original Pledge. As collateral security for the payment and/or --------------- performance of all of Pledgor's presently existing or hereinafter arising obligations and liabilities to Pledgee under the Note, Pledgor hereby pledges, grants and assigns to Pledgee a continuing security interest in the following: (i) Eighty five thousand One Hundred Twenty Thousand (85,000120,000) shares of the Common Stock of Staar Surgical Company (the "Stock"); and (ii) the proceeds of the Stock including, without limitation, any and all dividends, cash, instruments and other property from time-to-time received, receivable, or otherwise distributed in respect of or in exchange for any of the Stock ("Proceeds"). (The Stock and the Proceeds shall hereinafter be collectively referred to as the "Collateral").

Appears in 1 contract

Sources: Stock Pledge Agreement (Staar Surgical Company)

Original Pledge. As collateral security for the payment and/or --------------- performance of all of Pledgor's presently existing or hereinafter arising obligations and liabilities to Pledgee under the Note, Pledgor hereby pledges, grants and assigns to Pledgee a continuing security interest in the following: (i) Eighty Ninety two thousand five thousand hundred (85,00092,500) shares of the Common Stock of Staar Surgical Company (the "Stock"); and (ii) the proceeds of the Stock including, without limitation, any and all dividends, cash, instruments and other property from time-to-time received, receivable, or otherwise distributed in respect of or in exchange for any of the Stock ("Proceeds"). (The Stock and the Proceeds shall hereinafter be collectively referred to as the "Collateral").

Appears in 1 contract

Sources: Stock Pledge Agreement (Staar Surgical Company)

Original Pledge. As collateral security for the payment and/or --------------- performance of all of Pledgor's presently existing or hereinafter arising obligations and liabilities to Pledgee under the Note, Pledgor hereby pledges, grants and assigns to Pledgee a continuing security interest in the following: (i) Eighty One hundred and fifty five thousand (85,000155,000) shares of the Common Stock of Staar Surgical Company (the "Stock"); and (ii) the proceeds of the Stock including, without limitation, any and all dividends, cash, instruments and other property from time-to-time received, receivable, or otherwise distributed in respect of or in exchange for any of the Stock ("Proceeds"). (The Stock and the Proceeds shall hereinafter be collectively referred to as the "Collateral").

Appears in 1 contract

Sources: Stock Pledge Agreement (Staar Surgical Company)