Common use of Amount of Shares Clause in Contracts

Amount of Shares. Together with all bonus and/or additional shares, options, instruments, and other rights which may be issued from time to time by Borrower to Pledgor, provided, however that while no Event of Default is in existence and continuing, Pledgor shall be entitled to use and dispose of only the cash dividends and distributions from Borrower, free and clear of any lien or security interests; and further provided that while no Event of Default is in existence and continuing, Pledgor shall have all incidents of ownership of the Collateral, including, without limitation, the right to vote all shares of stock constituting the Collateral.

Appears in 2 contracts

Sources: Pledge Agreement (Cadista Holdings Inc.), Pledge Modification Agreement (Cadista Holdings Inc.)