Common use of Right of Pledgee to Demand Additional Pledged Shares Clause in Contracts

Right of Pledgee to Demand Additional Pledged Shares. The Pledgee shall have the right at any time, at its sole discretion, to demand by written notice to the Pledgors that the Pledgors pledge to the Pledgee additional shares of common stock of Capsule, Covista or, if the Proposed Merger Transaction has been consummated, Startec (or, subject to the approval of the Pledgee in its sole discretion, shares of common stock of one or more other entities) owned of record and beneficially by one or more of the Pledgors if, at such time, the Combined Market Value of all shares of stock previously pledged to the Pledgee pursuant to this Agreement and held at such time by the Pledgee is less than $13,000,000. The number of shares that may be demanded pursuant to the preceding sentence shall, at the time of any such demand, be a number of shares such that the Combined Market Value, after accounting for such additional shares, is equal to $13,000,000. All shares at any time demanded pursuant to the provisions of this Section 7.3 shall be "

Right of Pledgee to Demand Additional Pledged Shares. The Pledgee shall have the right at any time, at its sole discretion, to demand by written notice to the Pledgors that the Pledgors pledge to the Pledgee additional shares of common stock of Capsule, Covista or, if the Proposed Merger Transaction has been consummated, Startec (or, subject to the approval of the Pledgee in its sole discretion, shares of common stock of one or more other entities) Issuer owned of record and beneficially by one or more of the Pledgors if, at such time, the Combined Market Value product of all shares (i) the total number of stock Shares previously pledged to the Pledgee pursuant to this Agreement and held at such time by (ii) the Pledgee Market Value, is less than $13,000,000. The number of shares that may be demanded pursuant to the preceding sentence shall, at the time of any such demand, be a the number of shares such that the Combined product of (i) the sum of the total number of shares previously pledged to Pledgee pursuant to this Agreement and the total number of such additional shares to be pledged, and (ii) the Market Value, after accounting for such additional shares, is equal to $13,000,000. All shares at any time demanded pursuant to the provisions of this Section 7.3 shall be "