Common use of Cash Dividends; Voting Rights Clause in Contracts

Cash Dividends; Voting Rights. Unless an Event of Default shall have ----------------------------- occurred and be continuing and the Collateral Agent shall have given notice to the Pledgors of the Collateral Agent's intent to exercise its corresponding rights pursuant to Section 9 below, each Pledgor shall be permitted to receive all cash dividends or other distributions paid in the normal course of business of the Issuer, to the extent permitted in the Credit Agreement, in respect of the Pledged Stock and to exercise all voting and corporate rights with respect to the Pledged Stock; provided, however, that no vote shall be cast or corporate -------- ------- right exercised or other action taken which, in the Collateral Agent's reasonable judgment, would impair the Pledged Stock or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, any other Loan Document, any Notes, the Indenture or this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Pierce Leahy Corp), Pledge and Intercreditor Agreement (Pierce Leahy Corp)

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Cash Dividends; Voting Rights. Unless an Event of Default shall have ----------------------------- occurred and be continuing and the Collateral Agent shall have given notice to the Pledgors of the Collateral Agent's intent to exercise its corresponding rights pursuant to Section 9 below, each Pledgor shall be permitted to receive all cash dividends or other distributions paid in the normal course of business of the Issuer, to the extent permitted in the Credit Agreement, in respect of the Pledged Stock and to exercise all voting and corporate rights with respect to the Pledged Stock; provided, however, that no vote shall be cast or corporate -------- ------- right exercised or other action taken which, in the Collateral Agent's reasonable judgment, would impair the Pledged Stock or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, any other Loan Document, any Notes, the Indenture Indentures or this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Pierce Leahy Corp), Pledge and Intercreditor Agreement (Pierce Leahy Corp)

Cash Dividends; Voting Rights. Pledgor shall pay to ------------------------------ the Secured Party all cash dividends of the Issuer in respect of the Pledged Stock which shall be applied to the Special Secured Obligations pursuant to Section 2.2 (b) of the Loan Agreement. Unless an Event of Default shall have ----------------------------- occurred and be continuing and the Collateral Agent Secured Party shall have given notice to the Pledgors Pledgor of the Collateral AgentSecured Party's intent to exercise its corresponding rights pursuant to Section 9 below7, each the Pledgor shall be permitted to receive all cash dividends or other distributions paid in the normal course of business of the Issuer, to the extent permitted in the Credit Agreement, in respect of the Pledged Stock and to exercise all voting and corporate rights with respect to the Pledged Stock; , provided, however, that no --------- ------- vote shall be cast or corporate -------- ------- right exercised or other action taken which, in the Collateral AgentSecured Party's reasonable judgment, would impair the Pledged Stock Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Loan Agreement, any other Loan Document, any Notes, the Indenture Note or this Pledge Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Soros George)

Cash Dividends; Voting Rights. Unless an Event of Default shall ----------------------------- have ----------------------------- occurred and be continuing and the Collateral Agent GCFP shall have given notice to the Pledgors Pledgor of the Collateral AgentGCFP's intent to exercise its corresponding rights pursuant to Section 9 7 below, each Pledgor shall be permitted to receive all cash dividends or other distributions paid in the normal course of business of the Issuer, to the extent permitted in the Credit Warehouse Agreement and the Intercreditor Agreement, in respect of the Pledged Stock and to exercise all voting and corporate rights with respect to the Pledged Stock; provided, however, that no vote shall be cast or corporate right -------- ------- right exercised or other action taken which, in the Collateral Agent's reasonable judgment, which would impair the Pledged Stock Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, any Warehouse Agreement or the other Loan Document, any Notes, the Indenture or this AgreementFinancing Agreements.

Appears in 1 contract

Samples: Pledge Agreement (National Mortgage Corp)

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Cash Dividends; Voting Rights. Unless an Event of Default shall ----------------------------- have ----------------------------- occurred and be continuing and the Collateral Agent shall have given notice to the Pledgors Pledgor of the Collateral Agent's intent to exercise its corresponding rights pursuant to Section 9 paragraph 7 below, each the Pledgor shall be permitted to receive all cash dividends or other distributions paid in the normal course of business of the Issuer, to the extent permitted in not prohibited by any document to which the Credit AgreementPledgor or Issuer is party, in respect of the Pledged Stock and to exercise all voting and corporate rights with respect to the Pledged Stock; , provided, however, that no vote shall be cast or corporate -------- ------- corporate right exercised or other action taken which, in the Collateral Agent's reasonable judgment, would impair the Pledged Stock Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, the Notes, any other Loan Document, any Notes, the Indenture Document or this Pledge Agreement.

Appears in 1 contract

Samples: Pledge Agreement (New Pameco Georgia Corp)

Cash Dividends; Voting Rights. (a) Unless an Event of Default shall have ----------------------------- occurred and be continuing and the Collateral Agent shall (unless such Event of Default is an Event of Default specified in subsection 9(f) of the Term Loan Agreement or subsection 9(f) of the 1996 Credit Agreement, in which case no such notice need be given) have given notice to the Pledgors Pledgor of the Collateral Agent's intent to exercise its corresponding rights pursuant to Section 9 paragraph 8 below, each the Pledgor shall be (i) permitted to receive all cash dividends or other distributions paid in the normal course of business of the Issuer, to the extent permitted in the Credit Agreement, Agreements in respect of the Pledged Stock and (ii) permitted to exercise all voting voting, corporate, limited liability company and corporate other rights of ownership with respect to the Pledged Stock; , provided, however, that no vote shall be cast or corporate -------- ------- right exercised or other action taken which, in the Collateral Agent's reasonable judgment, would impair the Pledged Stock Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, Agreements or any of the other Loan Document, any Notes, the Indenture or this AgreementCredit Documents.

Appears in 1 contract

Samples: Term Loan Agreement (Gulfstream Aerospace Corp)

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