Common use of Subsequent Delivery of Collateral Clause in Contracts

Subsequent Delivery of Collateral. If the Pledgor shall become entitled to receive or shall receive any securities or other property (including, without limitation, shares of Pledged Securities acquired after the Closing Date, or any options, warrants, rights or other similar property or certificates representing a stock dividend, or any distribution in connection with any recapitalization, reclassification or increase or reduction of capital, or issued in connection with any reorganization of the Borrower or any Subsidiary, but excluding dividends permitted to be retained under Section 6) in respect of the Pledged Securities (whether as an addition to, in substitution of, or in exchange for, such Pledged Securities or otherwise), the Pledgor agrees: (i) to accept the same as the agent of the Agent, (ii) to hold the same in trust on behalf of and for the benefit of the Agent, and (iii) to deliver any and all certificates or instruments evidencing the same to the Agent on or before the close of business on the seventh (7th) Business Day following the receipt thereof by the Pledgor, in the exact form received together with the Necessary Endorsements, to be held by the Agent subject to the terms of this SPC Pledge Agreement, as additional Collateral.

Subsequent Delivery of Collateral. If the a Pledgor shall become entitled to receive or shall receive any securities or other property (including, without limitation, shares of Pledged Securities acquired after the Closing Date, or any options, warrants, rights or other similar property or certificates representing a stock dividend, or any distribution in connection with any recapitalization, reclassification or increase or reduction of capital, or issued in connection with any reorganization of the Borrower or any Subsidiary, but excluding dividends permitted to be retained under Section 6) in respect of the Pledged Securities (whether as an addition to, in substitution of, or in exchange for, such Pledged Securities or otherwise), the each Pledgor agrees: (i) to accept the same as the agent of the Agent, (ii) to hold the same in trust on behalf of and for the benefit of the Agent, and (iii) to deliver any and all certificates or instruments evidencing the same to the Agent on or before the close of business on the seventh (7th) Business Day following the receipt thereof by the such Pledgor, in the exact form received together with the Necessary Endorsements, to be held by the Agent subject to the terms of this SPC Other Shareholder Pledge Agreement, as additional Collateral.