Common use of The Pledged Securities Clause in Contracts

The Pledged Securities. Until there shall occur an Event of Default, the Company shall (i) be entitled to receive all dividends, interest and other Distributions or payments on or with respect to the Pledged Securities (other than dividends, Distributions or payments constituting Pledged Securities) and (ii) be entitled to vote or consent with respect to the Pledged Securities in any manner not inconsistent with the terms of the Loan Agreements (and you will, if so requested, execute appropriate revocable proxies therefor). All Distributions constituting Pledged Securities made or paid on the Pledged Securities will be retained by you (or if received by the Company or a Subsidiary of the Company shall be held by such Person in trust and shall be forthwith delivered by it to you in the original form received, endorsed in blank) and held by you as a part of the Loan Security. If there shall have occurred an Event of Default, all dividends, interests and other Distributions and payments with respect to Pledged Securities shall be retained by you (or if received by the Company or a Subsidiary of the Company shall be held by such Person in trust and shall be forthwith delivered by it to you in the original form received, endorsed in blank) and held by you as part of the Loan Security or applied by you to the payment of the Loan Obligations in such order and in such manner as you may determine in your sole discretion, and, if and to the extent that you shall so notify the Company in writing, only you shall be entitled to vote or consent or take any other action with respect to the Pledged Securities (and the Company or the appropriate Subsidiary of the Company will, if so requested, execute or cause to be executed appropriate proxies therefor). You at your option shall at all times have the right to transfer at any time into your name or that of your nominee any or all of the Pledged Securities.

The Pledged Securities. Until there shall occur an Event of Default, the Company shall (i) be entitled to receive all dividends, interest and other Distributions or payments on or with respect to the Pledged Securities (other than dividends, Distributions or payments constituting Pledged Securities) and (ii) be entitled to vote or consent with respect to the Pledged Securities in any manner not inconsistent with the terms of the Loan Agreements (and you will, if so requested, execute appropriate revocable proxies therefor). All Distributions constituting Pledged Securities made or paid on the Pledged Securities will be retained by you (or if received by the Company or a Subsidiary of the Company shall be held by such Person in trust and shall be forthwith delivered by it to you in the original form received, endorsed in blank) and held by you as a part of the Loan Security. If there shall have occurred an Event of Default, all dividends, interests and other Distributions and payments with respect to Pledged Securities shall be retained by you (or if received by the Company or a Subsidiary of the Company shall be held by such Person in trust and shall be forthwith delivered by it to you in the original form received, endorsed in blank) and held by you as part of the Loan Security or applied by you to the payment of the Loan Obligations in such order and in such manner as you may determine in your sole discretion, and, if and to the extent that you shall so notify the Company in writing, only you shall be entitled to vote or consent or take any other action with respect to the Pledged Securities (and the Company or the appropriate Subsidiary of the Company will, if so requested, execute or cause to be executed appropriate proxies therefor). You at your option shall at all times have the right to transfer at any time into your name or that of your nominee any or all of the Pledged Securities.you