Common use of Dividends and Distributions Held in Trust Clause in Contracts

Dividends and Distributions Held in Trust. All dividends and other ----------------------------------------- distributions which are received by any Pledgor contrary to the provisions of Section 7(a) of this Agreement shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of such Pledgor and forthwith shall be paid over to the Agent as Collateral in the same form as so received (with any necessary endorsements).

Appears in 2 contracts

Samples: Pledge Agreement (Entravision Communications Corp), Pledge Agreement (Entravision Communications Corp)

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Dividends and Distributions Held in Trust. All dividends and other ----------------------------------------- distributions which that are received by any Pledgor contrary to the provisions of Section 7(a) of this Agreement shall be received in trust for the benefit of the Secured Party, shall be segregated from other funds of such Pledgor and forthwith shall be paid over to the Agent as Collateral in the same form as so received (with any necessary endorsements).

Appears in 2 contracts

Samples: Pledge Agreement (Entravision Communications Corp), Pledge Agreement (Entravision Communications Corp)

Dividends and Distributions Held in Trust. All dividends and other ----------------------------------------- distributions which are received by any Pledgor Grantor contrary to the provisions of Section 7(a) of this Agreement shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of such Pledgor Grantor and forthwith shall be paid over to the Agent as Collateral in the same form as so received (with any necessary endorsements).

Appears in 2 contracts

Samples: Security Agreement (Entravision Communications Corp), Security Agreement (Entravision Communications Corp)

Dividends and Distributions Held in Trust. All dividends and other ----------------------------------------- distributions which that are received by any Pledgor the Grantor contrary to the provisions of Section 7(a) of this Agreement shall be received in trust for the benefit of the Secured Party, shall be segregated from other funds of such Pledgor the Grantor and forthwith shall be paid over to the Agent as Collateral in the same form as so received (with any necessary endorsements).

Appears in 2 contracts

Samples: Security Agreement (Entravision Communications Corp), Security Agreement (Entravision Communications Corp)

Dividends and Distributions Held in Trust. All dividends and other ----------------------------------------- distributions which are received by any Pledgor Grantor contrary to the provisions of Section 7(a) of this Agreement shall be received in trust for the benefit of Secured Partythe Lender, shall be segregated from other funds of such Pledgor Grantor and forthwith shall be paid over to the Agent Lender as Collateral in the same form as so received (with any necessary endorsements).

Appears in 1 contract

Samples: Security Agreement (Physicians Formula Holdings, Inc.)

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Dividends and Distributions Held in Trust. All dividends and other ----------------------------------------- distributions which are received by any Pledgor Grantor contrary to the provisions of Section 7(a6(a) of this Agreement shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of such Pledgor Grantor and forthwith shall be paid over to the Agent Secured Party as Collateral in the same form as so received (with any necessary endorsements).

Appears in 1 contract

Samples: Reimbursement Agreement (DSL Net Inc)

Dividends and Distributions Held in Trust. All dividends and other ----------------------------------------- distributions which are received by any Pledgor Grantor contrary to the provisions of Section 7(a) of this Agreement shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of such Pledgor Grantor and forthwith shall be paid over to the Agent as Collateral in the same form as so received (with any necessary endorsements).

Appears in 1 contract

Samples: Guarantor Security Agreement (Univision Communications Inc)

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