Common use of Administration of Pledged Shares Clause in Contracts

Administration of Pledged Shares. Subject to the provisions of the Subordination Agreement and in accordance with Section 7.1 of the Note, the Pledged Shares shall be administered as follows, and if an Event of Default shall have occurred and be continuing, Section 2.4 shall also apply.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Blum Capital Partners Lp), Stock Purchase Agreement (Blum Capital Partners Lp), Pledge Agreement (PRG Schultz International Inc)

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Administration of Pledged Shares. Subject to the provisions of the Subordination Agreement and in accordance with Section 7.1 of the Note, the The Pledged Shares shall be administered as follows, and if an Event of Default shall have occurred and be continuing, Section 2.4 2.5 shall also apply.

Appears in 1 contract

Samples: Credit Agreement (Norcraft Companies Lp)

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