Common use of Stock Dividends, Distributions, Etc Clause in Contracts

Stock Dividends, Distributions, Etc. If, while this Agreement is in effect, the Borrower shall become entitled to receive or shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization), whether as an addition to, in substitution of or in exchange for any shares of any Pledged Securities, or otherwise, the Borrower agrees to accept the same as agent for Dyax and to hold the same in trust on behalf of and for the benefit of Dyax and to deliver the same forthwith to Dyax in the exact form received, with the indorsement of the Borrower when necessary and/or with appropriate undated stock powers duly executed in blank, to be held by Dyax as part of the Collateral. In case any distribution of capital shall be made on or in respect of the Pledged Securities or any property shall be distributed upon or with respect to the Pledged Securities pursuant to the recapitalization or reclassification of the capital of Dyax or pursuant to the reorganization thereof, the property so distributed shall be delivered to Dyax as Collateral. All sums of money and property so paid or distributed in respect of the Pledged Securities which are received by the Borrower shall, until paid or delivered to Dyax, be held by the Borrower in trust as Collateral.

Stock Dividends, Distributions, Etc. If, while this Agreement is in effect, the Borrower shall become entitled to receive or shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization), whether as an addition to, in substitution of or in exchange for any shares of any Pledged Securities, or otherwise, the Borrower agrees to accept the same as agent for Dyax Asthmatx and to hold the same in trust on behalf of and for the benefit of Dyax Asthmatx and to deliver the same forthwith to Dyax Asthmatx in the exact form received, with the indorsement endorsement of the Borrower when necessary and/or with appropriate undated stock powers duly executed in blank, to be held by Dyax Asthmatx as part of the Collateral. In case any distribution of capital shall be made on or in respect of the Pledged Securities or any property shall be distributed upon or with respect to the Pledged Securities pursuant to the recapitalization or reclassification of the capital of Dyax Asthmatx or pursuant to the reorganization thereof, the property so distributed shall be delivered to Dyax Asthmatx as Collateral. All sums of money and property so paid or distributed in respect of the Pledged Securities which are received by the Borrower shall, until paid or delivered to DyaxAsthmatx, be held by the Borrower in trust as Collateral.

Stock Dividends, Distributions, Etc. If, while this Agreement is in effect, the Borrower shall become entitled to receive or shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization), with respect to the Pledged Securities, whether as an addition to, in substitution of or in exchange for any shares of any Pledged Securities, or otherwise, the Borrower agrees to accept the same as agent for Dyax Xxxxx and to hold the same in trust on behalf of and for the benefit of Dyax Xxxxx and to deliver the same forthwith to Dyax Xxxxx in the exact form received, with the indorsement of the Borrower when necessary and/or with appropriate undated stock powers duly executed in blank, to be held by Dyax Xxxxx as part of the Collateral. In case any distribution of capital shall be made on or in respect of the Pledged Securities or any property shall be distributed upon or with respect to the Pledged Securities pursuant to the recapitalization or reclassification of the capital of Dyax Xxxxx or pursuant to the reorganization thereof, the property so distributed shall be delivered to Dyax Xxxxx as Collateral. All sums of money and property so paid or distributed in respect of the Pledged Securities which are received by the Borrower shall, until paid or delivered to DyaxXxxxx, be held by the Borrower in trust as Collateral.