Common use of Proceeds of Collateral Clause in Contracts

Proceeds of Collateral. Company shall, at all times, keep pledged to Secured Party pursuant hereto all Collateral and all dividends, distributions, interest, principal and other proceeds received by the Company with respect thereto, and all other Collateral and other securities, instruments, proceeds and rights from time to time received by or distributable to Company in respect of any Collateral, and shall not permit any issuer of such Collateral to issue any shares of stock or other equity interests which shall not have been immediately duly pledged to Secured Party hereunder.

Appears in 13 contracts

Samples: Security Agreement (Alamo Energy Corp.), Security Agreement (CrowdGather, Inc.), Security Agreement (Sur Ventures, Inc.)

AutoNDA by SimpleDocs

Proceeds of Collateral. The Company shall, at all times, keep pledged to each Secured Party pursuant hereto all Collateral and all dividends, distributions, interest, principal and other proceeds received by the Company with respect thereto, and all other Collateral and other securities, instruments, proceeds and rights from time to time received by or distributable to the Company in respect of any Collateral, and shall not permit any issuer of such Collateral to issue any shares of stock or other equity interests which shall not have been immediately duly pledged to each Secured Party hereunder.

Appears in 1 contract

Samples: Amended Security Agreement (Equitex Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.