Common use of Pledged Equity Interests, Investment Related Property Clause in Contracts

Pledged Equity Interests, Investment Related Property. (a) except as provided in the next sentence, in the event such Grantor receives any dividends, interest or distributions on any Pledged Equity Interest or other Investment Related Property, upon the merger, consolidation, liquidation or dissolution of any issuer of any Pledged Equity Interest or Investment Related Property, then (a) such dividends, interest or distributions shall be included in the definition of Collateral without further action and (b) such Grantor shall immediately take all steps, if any, necessary or advisable to ensure the validity, perfection, priority and, if applicable, control of the Collateral Agent over such dividends, interest or distributions and pending any such action such Grantor shall be deemed to hold such dividends, interest or distributions in trust for the benefit of the Collateral Agent and shall segregate such dividends, interest or distributions from all other property of such Grantor. Notwithstanding the foregoing, so long as no Event of Default shall have occurred and be continuing, the Collateral Agent authorizes each Grantor to retain and use all dividends, interest and distributions subject to the terms set forth in the Credit Agreement;

Pledged Equity Interests, Investment Related Property. (a) except as provided in the next sentence, in the event such Grantor receives any dividends, interest or distributions on any Pledged Equity Interest or other Investment Related Property, upon the merger, consolidation, liquidation or dissolution of any issuer of any Pledged Equity Interest or Investment Related Property, then (ai) such dividends, interest or distributions and securities or other property shall be included in the definition of Collateral without further action and (bii) such Grantor shall immediately promptly take all necessary steps, if any, necessary or advisable specified in writing by the Collateral Agent to ensure the validity, perfection, priority and, if applicable, control of the Collateral Agent over such dividendsInvestment Related Property (including, interest or distributions without limitation, delivery thereof to the Collateral Agent) and pending any such action such Grantor shall be deemed to hold such dividends, interest interest, distributions, securities or distributions other property in trust for the benefit of the Collateral Agent and shall segregate such dividends, interest distributions, Securities or distributions other property from all other property of such Grantor. Notwithstanding the foregoing, so long as no Event of Default shall have occurred and be continuing, the Collateral Agent authorizes each Grantor to retain and use all dividends, interest cash dividends and distributions subject to the terms set forth in permitted by the Credit Agreement;

Pledged Equity Interests, Investment Related Property. (a) except Except as provided in the next sentence, in the event such Grantor receives any dividends, interest or distributions on any Pledged Equity Interest or other Investment Related Property, upon the merger, consolidation, liquidation or dissolution of any issuer of any Pledged Equity Interest or Investment Related Property, then (a) such dividends, interest or distributions and securities or other property shall be included in the definition of Collateral without further action and (b) such Grantor shall immediately take all steps, if any, reasonably necessary or advisable to ensure the validity, perfection, priority and, if applicable, control of the Collateral Term Agent over such dividendsInvestment Related Property (including, interest or distributions without limitation, to the extent so required, delivery thereof to the Term Agent) and pending any such action such Grantor shall be deemed to hold such dividends, interest or distributions in trust for the benefit of the Collateral Agent and shall segregate such dividends, interest distributions, Securities or distributions other property from all other property of such Grantor. Notwithstanding the foregoing, so long as no Event of Default shall have occurred and be continuing, the Collateral Agent authorizes Agents authorize each Grantor to retain and use all dividends, interest ordinary cash dividends and distributions subject to the terms set forth paid in the Credit Agreement;normal course of the business of the issuer and consistent with the past practice of the issuer and all scheduled payments of interest.