Common use of Additional Stock Clause in Contracts

Additional Stock. In case either of the Companies 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 such Company 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 such Company in blank. Each of the Companies 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

Sources: Stock Pledge Agreement (Morgan Group Inc)

Additional Stock. In case either of the Companies Company shall acquire any additional shares of the ---------------- capital stock of any the Subsidiary or corporation which is the successor of any the Subsidiary, or any securities exchangeable for or convertible into shares of such capital stock of any class of any the Subsidiary, by purchase, stock dividend, stock split or otherwise, then such the Company shall forthwith deliver to and pledge such shares or other securities to the Collateral Agent, for the benefit of the Banks and the AgentNoteholders, under this Agreement and shall deliver to the Collateral Agent forthwith any certificates therefor, accompanied by undated stock powers or other appropriate instruments of assignment duly executed by such the Company in blank. Each of the Companies The Company agrees that the Collateral 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 Collateral Agent hereunder.

Appears in 1 contract

Sources: Stock Pledge Agreement (Medallion Financial Corp)

Additional Stock. In case either of the Companies Company shall acquire any additional shares of the capital stock of any the Subsidiary or corporation which is the successor of any the Subsidiary, or any securities exchangeable for or convertible into shares of such capital stock of any class of any the Subsidiary, by purchase, stock dividend, stock split or otherwise, then such the Company shall forthwith deliver to and pledge such shares or other securities to the Collateral Agent, for the benefit of the Banks and the AgentNoteholders, under this Agreement and shall deliver to the Collateral Agent forthwith any certificates therefor, accompanied by undated stock powers or other appropriate instruments of assignment duly executed by such the Company in blank. Each of the Companies The Company agrees that the Collateral 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 Collateral Agent hereunder.

Appears in 1 contract

Sources: Stock Pledge Agreement (Medallion Financial Corp)

Additional Stock. In case either of the Companies Company 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 such the Company 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 such the Company in blank. Each of the Companies The Company 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

Sources: Stock Pledge Agreement (CMG Information Services Inc)