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), Indenture (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), Credit Agreement (Pierce Leahy Corp)

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 ’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 IssuerIssuers and consistent with past practice, to the extent permitted in the Credit Purchase Agreement, in respect of the Pledged Stock Equity and to exercise all voting and corporate organizational rights with respect to the Pledged StockEquity; provided, however, that no vote shall be cast or corporate -------- ------- organizational right exercised or other action taken which, in the Collateral Agent's ’s reasonable judgment, would materially impair the Pledged Stock Collateral or which would be materially inconsistent with or result in any violation of any provision of the Credit Purchase Agreement, the Note, this Agreement or any other Loan Transaction Document, any Notes, the Indenture or this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Impco Technologies Inc)

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. 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. 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 Administrative Agent shall have given notice to the a Pledgor or Pledgors of the Collateral Administrative Agent's intent to exercise its corresponding rights pursuant to Section 9 7 below, each Pledgor all Pledgors shall be permitted to receive all cash dividends or other distributions paid in the normal course of business of the IssuerIssuers, 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; providedPROVIDED, howeverHOWEVER, that no vote shall be cast or corporate -------- ------- right exercised or other action taken which, in the Collateral Administrative 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, this Agreement or any other Loan Document, any Notes, the Indenture or this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Meridian Resource Corp)

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