Rights of the Obligor. (1) Until the Security Interest has become enforceable, the Obligor shall be entitled to vote the Securities and to receive all cash dividends. In order to allow the Obligor to vote the Securities, the Collateral Agent shall from time to time, at the request and the expense of the Obligor, (i) execute valid proxies appointing proxyholders to attend and act at meetings of shareholders, and (ii) execute resolutions in writing, all pursuant to the relevant provisions of the Issuer’s governing legislation. Whenever the Security Interest has become enforceable, all rights of the Obligor to vote (under any proxy given by the Collateral Agent (or its nominee) in connection herewith or otherwise) or to receive dividends shall cease and all such rights shall become vested solely and absolutely in the Collateral Agent.
Rights of the Obligor. (1) Until the occurrence of an Event of Default which is continuing, each Obligor, as applicable, is entitled to vote the Securities that are part of the Collateral and to receive dividends and distributions on such Securities, as may be permitted by the Credit Agreement. Upon the occurrence and during the continuance of an Event of Default, all rights of the Obligors to vote (under any proxy given by the Collateral Agent (or its nominee) or otherwise) or to receive distributions or dividends cease and all such rights become vested solely and absolutely in the Collateral Agent.
Rights of the Obligor. (1) Until the occurrence of an Event of Default which is continuing, the Obligor is entitled to (i) vote the Securities that are part of the Collateral provided that, the Obligor shall not be entitled to vote, or otherwise permit or agree to any (a) variation of any rights attaching to or conferred by any of the Securities, (b) increase the issued capital of the entity whose securities are pledged hereunder, which in either case for (a) and (b) above, would, in the reasonable opinion of the Security Agent, prejudice the ability of the Security Agent or the Finance Parties to enforce the Security Interest, and (ii) to receive all dividends and distributions on such Securities. In order to allow the Obligor to vote any Securities registered in the Security Agent’s name or the name of its nominee, at the request and the expense of the Obligor, the Security Agent will, prior to the Security Interest being enforceable, and may, after the Security Interest is enforceable, execute valid proxies appointing proxyholders to attend and act at meetings of shareholders, and execute resolutions in writing, all pursuant to the relevant provisions of the issuer’s governing legislation. Upon the occurrence and during the continuance of an Event of Default, all rights of the Obligor to vote (under any proxy given by the Security Agent (or its nominee) or otherwise) or to receive distributions or dividends cease and all such rights become vested solely and absolutely in the Security Agent.
Rights of the Obligor. (1) Until the occurrence of an Event of Default which is continuing, each Obligor, as applicable, is entitled to vote the Securities and other financial assets that are part of the Collateral and to receive dividends and distributions on such Securities and financial assets, as may be permitted by the Credit Agreement. Upon the occurrence and during the continuance of an Event of Default, all rights of the Obligors to vote (under any proxy given by the Collateral Agent (or its nominee) or otherwise) or to receive distributions or dividends cease and all such rights become vested solely and absolutely in the Collateral Agent.
Rights of the Obligor. (1) Until the occurrence of an Event of Default which is continuing, the Obligor is entitled to vote the Securities that are part of the Collateral and to receive all dividends and distributions on such Securities. Upon the occurrence and during the continuance of an Event of Default, all rights of the Obligor to vote (under any proxy given by the Collateral Agent (or its nominee) or otherwise) or to receive distributions or dividends cease and all such rights become vested solely and absolutely in the Collateral Agent.
Rights of the Obligor. The Obligor shall have the right to vote the Pledged Shares, to the same extent as if the Pledged Shares were not pledged to the Secured Party pursuant to this Agreement. So long as no Event of Default shall have occurred and be continuing, the Obligor shall be entitled to receive and retain any and all dividends, interest and other payments and distributions made upon or with respect to the Pledged Shares; provided that any and all (A) dividends and interest paid or payable other than in cash in respect of, and instruments and other property received, receivable or otherwise distributed in respect of, or in exchange for, any Pledged Shares, (B) dividends and other distributions paid or payable in cash in respect of any Pledged Shares in connection with a partial or total liquidation or dissolution or in connection with a reduction of capital, capital surplus or paid-in-surplus, and (C) cash paid, payable or otherwise distributed in respect of principal of, in redemption of, or in exchange for, any Pledged Shares, shall be forthwith delivered to the Secured Party to hold as pledged collateral or to pay amounts owing under the Note.
Rights of the Obligor. (1) Until the occurrence of an Event of Default which is continuing, the Obligor is entitled to vote the Securities and other financial assets that are part of the Collateral for any purposes not inconsistent with the terms of this Agreement or the Note Purchase Agreement and to receive all dividends and distributions on such Securities and other financial assets. Upon the occurrence and during the continuance of an Event of Default, all rights of the Obligor to vote (under any proxy given by the Agent (or its nominee) or otherwise) or to receive distributions or dividends cease and all such rights become vested solely and absolutely in the Agent.
