Common use of Cash Dividends and Distributions Clause in Contracts

Cash Dividends and Distributions. So long as no Event of Default (defined below) has occurred and is continuing, Pledgor may receive for his own use all cash dividends and distributions on the Pledged Stock.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Sun Communities Inc), 15 Stock Pledge Agreement (Sun Communities Inc)

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Cash Dividends and Distributions. So long as no Event of Default (as defined below) has shall have occurred and is be continuing, Pledgor may shall be entitled to receive for his own use all cash dividends and distributions on the Pledged Stock.

Appears in 1 contract

Samples: Stock Pledge Agreement (Sun Communities Inc)

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Cash Dividends and Distributions. So long as no Event of Default (defined below) has occurred and is continuingcontinuing under the Amended Loan Agreement or the Related Documents (an "Event of Default"), Pledgor may receive for his its own use all cash dividends and distributions on the Pledged Stock.

Appears in 1 contract

Samples: Stock Pledge Agreement (Sun Communities Inc)

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