Administration of Security. The following provisions shall govern the administration of the Pledged Collateral: (a) So long as no Event of Default has occurred and is continuing (as used herein, "Event of Default" shall mean the occurrence of any Event of Default under the Recourse Note), the Pledgor shall be entitled to act with respect to the Pledged Collateral in any manner not inconsistent with this Stock Pledge Agreement or the Recourse Note.
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Samples: Stock Pledge Agreement (Biospecifics Technologies Corp), Stock Pledge Agreement (Biospecifics Technologies Corp)
Administration of Security. The following provisions shall govern the administration of the Pledged Collateral:
(a) So long as no Event of Default has occurred and is continuing (as used herein, "“Event of Default" ” shall mean the occurrence of any Event of Default under the Recourse Promissory Note), the Pledgor Pledgors shall be entitled to act with respect to the Pledged Collateral in any manner not inconsistent with this Stock Pledge Agreement, the Security Agreement, the Purchase Agreement or and the Recourse Promissory Note.
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Samples: Pledge Agreement (Rocky Mountain Chocolate Factory, Inc.)
Administration of Security. The following provisions shall govern the administration of the Pledged Collateral:
(a) So long as no Event of Default has occurred and is continuing (as used herein, "Event of Default" shall mean the occurrence of any Event of Default under the Recourse Note), the Pledgor shall be entitled to act with respect to the Pledged Collateral in any manner not inconsistent with this Stock Pledge Agreement, the Subscription Agreement or the Recourse Note.
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