Common use of Partnership Interest Collateral Clause in Contracts

Partnership Interest Collateral. (i) Each partnership identified on Schedule B attached hereto and made a part hereof (such partnerships being hereinafter referred to collectively as the "PARTNERSHIPS" and individually as a "PARTNERSHIP") and (ii) any and all payments and distributions of whatever kind or character, whether in cash or other property, at any time made, owing or payable to such Pledgor in respect of or on account of its present or hereafter acquired interests in the Partnerships, whether due or to become due and whether representing profits, distributions pursuant to complete or partial liquidation or dissolution of any such Partnership, distributions representing the complete or partial redemption of such Pledgor's interest in any such Partnership or the complete or partial withdrawal of such Pledgor from any such Partnership, repayment of capital contributions, payment of management fees or commissions, or otherwise, and the right to receive, receipt for, use and enjoy all such payments and distributions (all of the foregoing being hereinafter collectively called the "PARTNERSHIP INTEREST COLLATERAL"); and

Appears in 2 contracts

Sources: Pledge Agreement (Platinum Entertainment Inc), Pledge Agreement (Platinum Entertainment Inc)

Partnership Interest Collateral. (i) Each partnership identified on Schedule B attached hereto and made a part hereof (such partnerships being hereinafter referred to collectively as the "PARTNERSHIPSPartnerships" and individually as a "PARTNERSHIPPartnership") and (ii) any and all payments and distributions of whatever kind or character, whether in cash or other property, at any time made, owing or payable to such Pledgor in respect of or on account of its present or hereafter acquired interests in the Partnerships, whether due or to become due and whether representing profits, distributions pursuant to complete or partial liquidation or dissolution of any such Partnership, distributions representing the complete or partial redemption of such Pledgor's interest in any such Partnership or the complete or partial withdrawal of such Pledgor from any such Partnership, repayment of capital contributions, payment of management fees or commissions, or otherwise, and the right to receive, receipt for, use and enjoy all such payments and distributions (all of the foregoing being hereinafter collectively called the "PARTNERSHIP INTEREST COLLATERALPartnership Interest Collateral"); and

Appears in 1 contract

Sources: Pledge Agreement (Morton Industrial Group Inc)