Common use of Additional Stock Clause in Contracts

Additional Stock. In case the Pledgor shall acquire any ---------------- additional shares of the capital stock of any Subsidiary or corporation which is the successor of any Subsidiary, or any securities exchangeable for or convertible into shares of such capital stock of any class of any Subsidiary, by purchase, stock dividend, stock split or otherwise, then the Pledgor shall forthwith deliver to and pledge such shares or other securities to the Agent, for the benefit of the Banks and the Agent, under this Agreement and shall deliver to the Agent forthwith any certificates therefor, accompanied by stock powers or other appropriate instruments of assignment duly executed by the Pledgor in blank. The Pledgor agrees that the Agent may from time to time attach as Annex A hereto an updated list of ----- - the shares of capital stock or securities at the time pledged with the Agent hereunder.

Appears in 4 contracts

Samples: Credit Agreement (Jackson Products Inc), Stock Pledge Agreement (Jackson Products Inc), Stock Pledge Agreement (Jackson Products Inc)

AutoNDA by SimpleDocs

Additional Stock. In case the Pledgor shall acquire any ---------------- additional shares of the capital stock of any Subsidiary or corporation which is the successor of any Subsidiary, or any securities exchangeable for or convertible into shares of such capital stock of any class of any Subsidiary, by purchase, stock dividend, stock split or otherwise, then the Pledgor shall forthwith deliver to and pledge such shares or other securities to the Agent, for the benefit of the Banks and the Agent, under this Agreement and shall deliver to the Agent forthwith any certificates therefor, accompanied by stock powers or other appropriate instruments of assignment duly executed by the Pledgor in blank. The Pledgor agrees that the Agent may from time to time attach as Annex A hereto an updated list of ----- - ------- the shares of capital stock or securities at the time pledged with the Agent hereunder.

Appears in 1 contract

Samples: Credit Agreement (Jackson Products Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.