Interest and Premiums. All interest and premiums declared or paid on the Collateral shall be the property of the Pledgor but shall remain as Collateral, subject to the restrictions contained in this Agreement, unless released by the Secured Party, in its discretion, following a request from Pledgor. At any time after the occurrence of an Event of Default, the Secured Party shall be entitled to apply all interest and premiums declared or paid on the Collateral in accordance with the provisions of Section 4 above.
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Samples: Pledge Agreement (Gencor Industries Inc), Pledge Agreement (Environmental Tectonics Corp), Loan Agreement (Careerbuilder Inc)
Interest and Premiums. All interest and premiums declared or paid on --------------------- the Collateral shall be the property of the Pledgor but shall remain as Collateral, subject to the restrictions contained in this Agreement, unless released by the Secured PartyAgent, in its discretion, following a request from Pledgor. At any time after the occurrence of an Event of Default, the Secured Party Agent shall be entitled to apply all interest and premiums declared or paid on the Collateral in accordance with the provisions of Section 4 above.
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