Common use of Cash Dividends; Voting Rights Clause in Contracts

Cash Dividends; Voting Rights. Unless Borrower is in default of his ----------------------------- payment obligations under the Promissory Note for a period of ten (10) days after written notice from the Corporation of such default, Borrower shall be entitled, except as otherwise provided in Section 3, to re-ceive all cash distributions and cash dividends in respect of the Pledged Stock and to exercise all voting and other consensual rights pertaining to the Pledged Stock. Xxxxxxxx agrees to exercise all such voting and other consensual rights for a purpose not inconsistent with or violative of the terms of this Agreement. The Corporation shall not have the right at any time to exercise any voting rights with respect to the Pledged Stock; provided, however, that upon the sale or other disposition of the Corporation's interest in the Pledged Stock or any part thereof, any third party purchaser or other transferee shall have the full and unrestricted right to vote the Pledged Stock, in any manner per-mitted by applicable law.

Cash Dividends; Voting Rights. Unless Borrower is in default of his ----------------------------- --------------------------------- payment obligations under the New Promissory Note for a period of ten (10) days after written notice from the Corporation of such default, Borrower shall be entitled, except as otherwise provided in Section 3, to re-ceive receive all cash distributions and cash dividends in respect of the Pledged Stock and to exercise all voting and other consensual rights pertaining to the Pledged Stock. Xxxxxxxx Borrower agrees to exercise all such voting xxxx xxxing and other consensual rights for a the purpose not inconsistent with or violative voilative of the terms of this Agreement. The Corporation shall not have the right at any time to exercise any voting rights with respect to the Pledged Stock; provided, however, that upon the sale or other disposition of the Corporation's interest in the Pledged Stock or any part thereof, any third party purchaser or other transferee shall have the full and unrestricted right to vote the Pledged Stockstock, in any manner per-mitted permitted by applicable law.

Cash Dividends; Voting Rights. Unless Borrower is in default of his ----------------------------- --------------------------------- payment obligations under the Promissory Note for a period of ten (10) days after written notice from the Corporation of such default, Borrower shall be entitled, except as otherwise provided in Section 3, to re-ceive receive all cash distributions and cash dividends in respect of the Pledged Stock and to exercise all voting and other consensual rights pertaining to the Pledged Stock. Xxxxxxxx Borrower agrees to exercise all such voting xxxx xxxing and other consensual rights for a the purpose not inconsistent with or violative voilative of the terms of this Agreement. The Corporation shall not have the right at any time to exercise any voting rights with respect to the Pledged Stock; provided, however, that upon the sale or other disposition of the Corporation's interest in the Pledged Stock or any part thereof, any third party purchaser or other transferee shall have the full and unrestricted right to vote the Pledged Stockstock, in any manner per-mitted permitted by applicable law.

Cash Dividends; Voting Rights. Unless Borrower is in default of his ----------------------------- -------------------------------- payment obligations under the Promissory Note for a period of ten (10) days after written notice from the Corporation of such default, Borrower shall be entitled, except as otherwise provided in Section 3, to re-ceive receive all cash distributions and cash dividends in respect of the Pledged Stock and to exercise all voting and other consensual rights pertaining to the Pledged Stock. Xxxxxxxx Borrower agrees to exercise all such voting xxxx xxxing and other consensual rights for a the purpose not inconsistent with or violative voilative of the terms of this Agreement. The Corporation shall not have the right at any time to exercise any voting rights with respect to the Pledged Stock; provided, however, that upon the sale or other disposition of the Corporation's interest in the Pledged Stock or any part thereof, any third party purchaser or other transferee shall have the full and unrestricted right to vote the Pledged Stockstock, in any manner per-mitted permitted by applicable law.

Cash Dividends; Voting Rights. Unless Borrower is in default of his ----------------------------- payment obligations under the Promissory Note for a period of ten (10) days after written notice from the Corporation of such default, Borrower shall be entitled, except as otherwise provided in Section 3, to re-ceive receive all cash distributions and cash dividends in respect of the Pledged Stock and to exercise all voting and other consensual rights pertaining to the Pledged Stock. Xxxxxxxx Borrower agrees to exercise all such voting and other consensual rights for a purpose not inconsistent with or violative of the terms of this Agreement. The Corporation shall not have the right at any time to exercise any voting rights with respect to the Pledged Stock; provided, however, that upon the sale or other disposition of the Corporation's interest in the Pledged Stock or any part thereof, any third party purchaser or other transferee shall have the full and unrestricted right to vote the Pledged Stock, in any manner per-mitted permitted by applicable law.