Common use of Additional Interests Clause in Contracts

Additional Interests. If Seller shall, as a result of ownership of the Underlying Entity Interests, become entitled to receive or shall receive any certificate evidencing any Underlying Entity Interests or other equity interest, any option rights, or any equity interest in the Underlying Entity Interests, whether in addition to, in substitution for, as a conversion of, or in exchange for the Underlying Entity Interests, or otherwise in respect thereof, Seller shall accept the same as the Administrative Agent’s agent, hold the same in trust for the Administrative Agent and deliver the same forthwith to the Administrative Agent in the exact form received, duly indorsed by the Seller to the Administrative Agent, if required, together with an undated transfer power, if required, covering such certificate duly executed in blank, or if requested, deliver such Purchased Certificate re-registered in the name of Administrative Agent, to be held by the Administrative Agent subject to the terms hereof as additional security for the Obligations. Any sums paid upon or in respect of the Underlying Entity Interests upon the liquidation or dissolution of the applicable Underlying Entity, or otherwise shall be paid over to the Administrative Agent as additional security for the Obligations. If following the occurrence and during the continuation of an Event of Default, any sums of money or property so paid or distributed in respect of the Underlying Entity Interests shall be received by Seller, Seller shall, until such money or property is paid or delivered to the Administrative Agent for the benefit of Buyers, hold such money or property in trust for the Administrative Agent segregated from other funds of Seller as additional security for the Obligations. Administrative Agent shall cooperate with Seller and promptly take any action required pursuant to the applicable Program Agreements in accordance with its policies to cause any Purchased Certificate registered in the name of Administrative Agent to be re-registered and delivered to Seller upon repurchase of such Purchased Certificate by Seller.

Additional Interests. If Seller shall, as a result of ownership of the Underlying Entity REO Subsidiary Interests, become entitled to receive or shall receive any certificate evidencing any Underlying Entity REO Subsidiary Interests or other equity interest, any option rights, or any equity interest in the Underlying Entity REO Subsidiary Interests, whether in addition to, in substitution for, as a conversion of, or in exchange for the Underlying Entity REO Subsidiary Interests, or otherwise in respect thereof, Seller shall accept the same as the Administrative Agent’s agent, hold the same in trust for the Administrative Agent and deliver the same forthwith to the Administrative Agent in the exact form received, duly indorsed by the Seller to the Administrative AgentAgent for the benefit of Buyers, if required, together with an undated transfer power, if required, covering such certificate duly executed in blank, or if requested, deliver such Purchased the Certificate re-registered in the name of Administrative AgentAgent for the benefit of Buyers, to be held by the Administrative Agent subject to the terms hereof as additional security for the Obligations. Any sums paid upon or in respect of the Underlying Entity REO Subsidiary Interests upon the liquidation or dissolution of the applicable Underlying EntityREO Subsidiary, or otherwise shall be paid over to the Administrative Agent as additional security for the Obligations. If following the occurrence and during the continuation of an Event of Default, any sums of money or property so paid or distributed in respect of the Underlying Entity REO Subsidiary Interests shall be received by Seller, Seller shall, until such money or property is paid or delivered to the Administrative Agent for the benefit of Buyers, hold such money or property in trust for the Administrative Agent for the benefit of Buyers segregated from other funds of Seller as additional security for the Obligations. Administrative Agent shall cooperate with Seller and promptly take any action required pursuant to the applicable Program Agreements in accordance with its policies to cause any Purchased Certificate registered in the name of Administrative Agent to be re-registered and delivered to Seller upon repurchase of such Purchased Certificate by Seller.

Additional Interests. If Seller PMC shall, as a result of ownership of the Underlying Entity Interests, REO Subsidiary Interests become entitled to receive or shall receive any certificate evidencing any Underlying Entity Interests REO Subsidiary Interest or other equity interest, any option rights, or any equity interest in the Underlying Entity InterestsREO Subsidiary, whether in addition to, in substitution for, as a conversion of, or in exchange for the Underlying Entity REO Subsidiary Interests, or otherwise in respect thereof, Seller PMC shall accept the same as the agent for Administrative Agent’s agentAgent and Buyers, hold the same in trust for the Administrative Agent and Buyers and deliver the same forthwith to the Administrative Agent in the exact form received, duly indorsed by the Seller PMC to the Administrative Agent, if required, together with an undated transfer power, if required, covering such certificate duly executed in blank, or if requested, deliver such Purchased Certificate re-registered in the name of Administrative Agent, to be held by the Administrative Agent for the benefit of Buyers and Repledgees subject to the terms hereof as additional security for the Obligations. Any sums paid upon or in respect of the Underlying Entity REO Subsidiary Interests upon the liquidation or dissolution of the applicable Underlying Entity, or otherwise REO Subsidiary shall be paid over to the Administrative Agent as additional security for the Obligations. If following the occurrence and during the continuation of an Event of Default, Default any sums of money or property so paid or distributed in respect of the Underlying Entity REO Subsidiary Interests shall be received by SellerPMC, Seller PMC shall, until such money or property is paid or delivered to the Administrative Agent for the benefit of BuyersAgent, hold such money or property in trust for the Administrative Agent and Buyers segregated from other funds of Seller PMC as additional security for the Obligations. Administrative Agent shall cooperate with Seller and promptly take any action required pursuant to the applicable Program Agreements in accordance with its policies to cause any Purchased Certificate registered in the name of Administrative Agent to be re-registered and delivered to Seller upon repurchase of such Purchased Certificate by Seller.

Additional Interests. If a Seller shall, as a result of ownership of the Underlying Entity InterestsPurchased Assets, become entitled to receive or shall receive any certificate evidencing any Underlying Entity Interests Purchased Assets or other equity interest, any option rights, or any equity interest in the Underlying Entity InterestsPurchased Certificates, whether in addition to, in substitution for, as a conversion of, or in exchange for the Underlying Entity InterestsPurchased Assets, or otherwise in respect thereof, such Seller shall accept the same as the Administrative Agent’s agent, hold the same in trust for the Administrative Agent and deliver the same forthwith to the Administrative Agent in the exact form received, duly indorsed by the such Seller to the Administrative Agent, if required, together with an undated transfer power, if required, covering such certificate duly executed in blank, or if requested, deliver such the Purchased Certificate Assets re-registered in the name of Administrative Agent, to be held by the Administrative Agent subject to the terms hereof as additional security for the Obligations. Any sums paid upon or in respect of the Underlying Entity Interests Purchased Certificates upon the liquidation or dissolution of the applicable Underlying Entitya Seller Subsidiary Party, or otherwise shall be paid over to the Administrative Agent as additional security for the Obligations. If following the occurrence and during the continuation of an Event of Default, any sums of money or property so paid or distributed in respect of the Underlying Entity Interests Purchased Assets shall be received by a Seller, such Seller shall, until such money or property is paid or delivered to the Administrative Agent for the benefit of BuyersAgent, hold such money or property in trust for the Administrative Agent segregated from other funds of Seller as additional security for the Obligations. Administrative Agent shall cooperate with Seller and promptly take any action required pursuant to the applicable Program Agreements in accordance with its policies to cause any Purchased Certificate registered in the name of Administrative Agent to be re-registered and delivered to Seller upon repurchase of such Purchased Certificate by Seller.

Additional Interests. If Seller shall, as a result of ownership of the Underlying Entity REO Subsidiary Interests, become entitled to receive or shall receive any certificate evidencing any Underlying Entity REO Subsidiary Interests or other equity interest, any option rights, or any equity interest in the Underlying Entity REO Subsidiary Interests, whether in addition to, in substitution for, as a conversion of, or in exchange for the Underlying Entity REO Subsidiary Interests, or otherwise in respect thereof, Seller shall accept the same as the Administrative Agent’s agent, hold the same in trust for the Administrative Agent and deliver the same forthwith to the Administrative Agent in the exact form received, duly indorsed by the Seller to the Administrative AgentAgent for the benefit of Buyers, if required, together with an undated transfer power, if required, covering such certificate duly executed in blank, or if requested, deliver such Purchased the Certificate re-registered in the name of Administrative AgentAgent for the benefit of Buyers, to be held by the Administrative Agent subject to the terms hereof as additional security for the Obligations. Any sums paid upon or in respect of the Underlying Entity REO Subsidiary Interests upon the liquidation or dissolution of the applicable Underlying Entitysuch REO Subsidiary, or otherwise shall be paid over to the Administrative Agent as additional security for the Obligations. If following the occurrence and during the continuation of an Event of Default, any sums of money or property so paid or distributed in respect of the Underlying Entity REO Subsidiary Interests shall be received by Seller, Seller shall, until such money or property is paid or delivered to the Administrative Agent for the benefit of Buyers, hold such money or property in trust for the Administrative Agent for the benefit of Buyers segregated from other funds of Seller as additional security for the Obligations. Administrative Agent shall cooperate with Seller and promptly take any action required pursuant to the applicable Program Agreements in accordance with its policies to cause any Purchased Certificate registered in the name of Administrative Agent to be re-registered and delivered to Seller upon repurchase of such Purchased Certificate by Seller.LEGAL02/37648106v16

Additional Interests. If a Seller shall, as a result of ownership of the Underlying Entity InterestsParticipation Interests and Purchased Securities, become becomes entitled to receive or shall receive any certificate evidencing any Underlying Entity Interests Participation Interest, Purchased Securities or other equity interest, any option rights, or any equity interest in the Underlying Entity InterestsParticipation Interests or Purchased Securities, whether in addition to, in substitution for, as a conversion of, or in exchange for the Underlying Entity InterestsParticipation Interests or Purchased Securities, or otherwise in respect thereof, such Seller shall accept the same as the Administrative Agent’s agent, hold the same in trust for the Administrative Agent Participation Interests and Purchased Securities and deliver the same forthwith to the Administrative Agent Participation Interests and Purchased Securities in the exact form received, duly indorsed by the such Seller to the Administrative AgentParticipation Interests or Purchased Securities, as applicable, if required, together with an undated transfer power, if required, covering such certificate duly executed in blank, or if requested, deliver such Purchased the Participation Certificate re-registered in the name of Administrative Agent, to be held by the Administrative Agent subject to the terms hereof as additional security for the Obligations. Any sums paid upon or in respect of the Underlying Entity Participation Interests upon the liquidation or dissolution of the applicable Underlying EntityTransaction Subsidiary or Purchased Securities, or otherwise shall be paid over to the Administrative Agent as additional security for the Obligations. If following the occurrence and during the continuation of an Event of Default, any sums of money or property so paid or distributed in respect of the Underlying Entity Participation Interests shall be received by any Seller, such Seller shall, until such money or property is paid or delivered to the Administrative Agent for the benefit of BuyersAgent, hold such money or property in trust for the Administrative Agent segregated from other funds of such Seller as additional security for the Obligations. Administrative Agent shall cooperate with Seller and promptly take any action required pursuant to the applicable Program Agreements in accordance with its policies to cause any Purchased Certificate registered in the name of Administrative Agent to be re-registered and delivered to Seller upon repurchase of such Purchased Certificate by Seller.

Additional Interests. If Seller shall, as a result of ownership of the Underlying Entity REO Subsidiary Interests, become entitled to receive or shall receive any certificate evidencing any Underlying Entity REO Subsidiary Interests or other equity interest, any option rights, or any equity interest in the Underlying Entity REO Subsidiary Interests, whether in addition to, in substitution for, as a conversion of, or in exchange for the Underlying Entity REO Subsidiary Interests, or otherwise in respect thereof, Seller shall accept the same as the Administrative Agent’s agent, hold the same in trust for the Administrative Agent and deliver the same forthwith to the Administrative Agent in the exact form received, duly indorsed by the Seller to the Administrative Agent, if required, together with an undated transfer power, if required, covering such certificate duly executed in blank, or if requested, deliver such Purchased the Certificate re-registered in the name of Administrative Agent, to be held by the Administrative Agent subject to the terms hereof as additional security for the Obligations. Any sums paid upon or in respect of the Underlying Entity REO Subsidiary Interests upon the liquidation or dissolution of the applicable Underlying EntityREO Subsidiary, or otherwise shall be paid over to the Administrative Agent as additional security for the Obligations. If following the occurrence and during the continuation of an Event of Default, any sums of money or property so paid or distributed in respect of the Underlying Entity REO Subsidiary Interests shall be received by Seller, Seller shall, until such money or property is paid or delivered to the Administrative Agent for the benefit of BuyersAgent, hold such money or property in trust for the Administrative Agent segregated from other funds of Seller as additional security for the Obligations. Administrative Agent shall cooperate with Seller and promptly take any action required pursuant to the applicable Program Agreements in accordance with its policies to cause any Purchased Certificate registered in the name of Administrative Agent to be re-registered and delivered to Seller upon repurchase of such Purchased Certificate by Seller.

Additional Interests. If Seller shall, as a result of ownership of the Underlying Entity REO Subsidiary Interests and/or the Transaction Subsidiary Interests, become entitled to receive or shall receive any certificate evidencing any Underlying Entity REO Subsidiary Interests and/or Transaction Subsidiary Interests or other equity interest, any option rights, or any equity interest in the Underlying Entity REO Subsidiary Interests and/or Transaction Subsidiary Interests, whether in addition to, in substitution for, as a conversion of, or in exchange for the Underlying Entity REO Subsidiary Interests and/or Transaction Subsidiary Interests, or otherwise in respect thereof, Seller shall accept the same as the Administrative AgentBuyer’s agent, hold the same in trust for the Administrative Agent Buyer and deliver the same forthwith to the Administrative Agent Buyer in the exact form received, duly indorsed by the Seller to the Administrative AgentBuyer, if required, together with an undated transfer power, if required, covering such certificate duly executed in blank, or if requested, deliver such Purchased Certificate Certificates re-registered in the name of Administrative AgentBuyer, to be held by the Administrative Agent Buyer subject to the terms hereof as additional security for the Obligations. Any sums paid upon or in respect of the Underlying Entity REO Subsidiary Interests and/or the Transaction Subsidiary Interests upon the liquidation or dissolution of the applicable Underlying EntityREO Subsidiary and/or the Transaction Subsidiary, or otherwise shall be paid over to the Administrative Agent Buyer as additional security for the Obligations. If following the occurrence and during the continuation of an Event of Default, any sums of money or property so paid or distributed in respect of the Underlying Entity REO Subsidiary Interests and/or the Transaction Subsidiary Interests shall be received by Seller, Seller shall, until such money or property is paid or delivered to the Administrative Agent for the benefit of BuyersBuyer, hold such money or property in trust for the Administrative Agent Buyer segregated from other funds of Seller as additional security for the Obligations. Administrative Agent shall cooperate with Seller and promptly take any action required pursuant to the applicable Program Agreements in accordance with its policies to cause any Purchased Certificate registered in the name of Administrative Agent to be re-registered and delivered to Seller upon repurchase of such Purchased Certificate by Seller.