Common use of Dividends, Distributions, Etc Clause in Contracts

Dividends, Distributions, Etc. If, while this Pledge Agreement is in effect, Pledgor receives any securities or other property in addition to, in substitution of, or in exchange for any of the Pledged Shares (whether as a distribution in connection with any recapitalization, reorganization or reclassification, a stock dividend or otherwise), Pledgor shall accept such securities or other property on behalf of and for the benefit of the Company as additional security for Pledgor's obligations under the Note and, at the request of the Company, shall promptly deliver such additional security to the Company together with such duly executed forms of assignment as the Company may request and deems sufficient to transfer title thereto to the Company, and such additional security shall be deemed to be part of the Pledged Shares hereunder; provided that all cash dividends and other cash distributions made on or in respect of the Pledged Securities shall be applied to prepay the Note in the manner set forth therein.