Common use of Pledge of Stock Etc Clause in Contracts

Pledge of Stock Etc. The Pledgor hereby pledges, assigns, grants a security interest in, and delivers to the Company, to secure the Obligations (as defined below), all of his right, title and interest in and to the Shares to be held by the Company subject to the terms and conditions hereinafter set forth. The certificates for such Shares, accompanied by stock powers or other appropriate instruments of assignment thereof duly executed in blank by the Pledgor, are being delivered to the Company contemporaneously herewith. The Pledgor also hereby pledges, assigns, grants a security interest in, and delivers to the Company, to secure the Obligations, all of his right, title and interest in and to any and all sums or other property (including, without limitation, any additional shares of the capital stock of the Company and any shares of the capital stock of any issuer) paid or distributed upon or with respect to any of the shares of the capital stock of the Company or any other issuer pledged hereunder from time to time, regardless of whether any such sums or other property are paid or distributed by dividend or redemption, upon liquidation or dissolution, or otherwise.