Certain Rights Respecting the Pledged Shares Sample Clauses

Certain Rights Respecting the Pledged Shares. 7.1 Pledgor shall continue to be the sole owner of the Pledged Shares represented to be owned by such Pledgor, and may exercise all voting rights with respect to the Pledged Shares owned by such Pledgor, so long as no Event of Default has occurred and is continuing.
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Certain Rights Respecting the Pledged Shares. 7.1 So long as no Event of Default has occurred and is continuing, Executive may exercise all voting rights with respect to the Pledged Shares. Provided, upon the occurrence of any Event of Default, and so long as such Event of Default exists, the Company may, at its sole option, exercise all voting rights with respect to the Pledged Shares, and for that purpose Executive hereby appoints any officer of the Company as its proxy and attorney-in-fact for all purposes of voting the Pledged Shares at any annual, regular or special meeting of the Company and this appointment shall be deemed coupled with an interest and is and shall be irrevocable until all of the Secured Obligations have been fully paid to the Company. All persons whatsoever shall be conclusively entitled to rely upon any oral or written certification of the Company that it is entitled to vote the Pledged Shares hereunder. Executive shall execute and deliver to the Company any additional proxies and powers of attorney that the Company may reasonably desire in its own name to effectuate the provisions of this Agreement.
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Certain Rights Respecting the Pledged Shares. 6.1 So long as no Event of Default has occurred and is continuing, the Pledgor may exercise all voting rights with respect to the Pledged Shares and shall have full right to substitute other Pledged Shares reasonably acceptable to the Company for Res-Care common shares constituting the Pledged Shares. Provided, upon the occurrence of any Event of Default, and so long as such Event of Default exists, the Company may, at its sole option, exercise all voting rights with respect to the Pledged Shares, and to that end the Pledgor hereby constitutes any officer of the Company as his proxy and attorney-in-fact for all purposes of voting the Pledged Shares at any annual, regular or special meeting of shareholders of the Company, and this appointment shall be deemed coupled with an interest and is and shall be irrevocable until all of the Secured Obligations have been respectively paid in full, and all persons whatsoever shall be conclusively entitled to rely
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Certain Rights Respecting the Pledged Shares. 1. So long as no Event of Default has occurred and is continuing, the Borrower may exercise all voting rights with respect to the Pledged Shares, but the Borrower shall not cause any Non-Consolidated Person to take or fail to take any action which will constitute a breach of any term or provision of the Loan Agreement and/or the other Loan Instruments. Provided, upon the occurrence of any Event of Default, and so long as such Event of Default exists, the Administrative Bank may, at its sole option, exercise all voting rights with respect to the Pledged Shares, and to that end the Borrower hereby constitutes any officer of the Administrative Bank as its proxy and attorney-in-fact for all purposes of voting the Pledged Shares at any annual, regular or special meeting of shareholders of the Non-Consolidated Persons, and this appointment shall be deemed coupled with an interest and is and shall be irrevocable until all of the Secured Obligations 11 226 have been respectively paid in full to the Banks and the Banks have no further obligation to lend under the Loan Agreement, and all persons whatsoever shall be conclusively entitled to rely upon any oral or written certification of the Administrative Bank that it is entitled to vote the Pledged Shares hereunder. The Borrower shall execute and deliver to the Administrative Bank any additional proxies and powers of attorney that the Administrative Bank may desire in its own name to effectuate the provisions of this Stock Pledge Agreement.
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Related to Certain Rights Respecting the Pledged Shares

  • Rights Relating to Pledged Shares Upon the occurrence of an Event of Default (as defined herein), the Pledgee shall be entitled to vote the Pledged Shares, to receive dividends and other distributions thereon, and to enjoy all other rights and privileges incident to the ownership of the Pledged Shares.

  • Additional Provisions Concerning the Pledged Collateral (a) The Pledgor hereby authorizes the Agent to file, without the signature of the Pledgor where permitted by law, one or more financing or continuation statements, and amendments thereto, relating to the Pledged Collateral.

  • Exercise of Rights in Pledged Collateral (i) Without in any way limiting the foregoing and subject to clause (ii) below, such Grantor shall have the right to exercise all voting rights or other rights relating to the Pledged Collateral owned by it for all purposes not inconsistent with this Security Agreement, the Credit Agreement or any other Loan Document; provided however, that no vote or other right shall be exercised or action taken which would have the effect of impairing the rights of the Administrative Agent in respect of such Pledged Collateral.

  • Voting Rights in Respect of the Pledged Collateral (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Agreement; and

  • As to Pledged Shares In the case of any Pledged Shares constituting Collateral, all of such Pledged Shares are duly authorized and validly issued, fully paid, and non-assessable, and constitute all of the issued and outstanding capital stock of each Securities Issuer thereof. The Grantors have no Subsidiaries other than the Securities Issuers and Timberlands II.

  • Pledged Shares (i) One hundred percent (100%) (or, if less, the full amount owned by such Pledgor) of the issued and outstanding Capital Stock owned by such Pledgor of each Domestic Subsidiary set forth on Schedule 2(a) attached hereto and (ii) sixty-five percent (65%) (or, if less, the full amount owned by such Pledgor) of the issued and outstanding shares of Capital Stock entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) ("Voting Equity") and one hundred percent (100%) (or, if less, the full amount owned by such Pledgor) of the issued and outstanding Capital Stock not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) ("Non-Voting Equity") owned by such Pledgor of each Foreign Subsidiary set forth on Schedule 2(a) attached hereto, in each case together with the certificates (or other agreements or instruments), if any, representing such Capital Stock, and all options and other rights, contractual or otherwise, with respect thereto (collectively, together with the Capital Stock described in Section 2(b) and 2(c) below, the "Pledged Shares"), including, but not limited to, the following:

  • Voting and Other Rights in Respect of Pledged Interests (a) Upon the occurrence and during the continuation of an Event of Default, (i) Agent may, at its option, and with two (2) Business Days prior notice to any Grantor, and in addition to all rights and remedies available to Agent under any other agreement, at law, in equity, or otherwise, exercise all voting rights, or any other ownership or consensual rights (including any dividend or distribution rights) in respect of the Pledged Interests owned by such Grantor, but under no circumstances is Agent obligated by the terms of this Agreement to exercise such rights, and (ii) if Agent duly exercises its right to vote any of such Pledged Interests, each Grantor hereby appoints Agent, such Grantor’s true and lawful attorney-in-fact and IRREVOCABLE PROXY to vote such Pledged Interests in any manner Agent deems advisable for or against all matters submitted or which may be submitted to a vote of shareholders, partners or members, as the case may be. The power-of-attorney and proxy granted hereby is coupled with an interest and shall be irrevocable.

  • Covenants as to the Pledged Collateral So long as any Secured Obligations shall remain outstanding, the Pledgor will, unless the Required Holders, shall otherwise consent in writing:

  • Method of Realizing Upon the Pledged Property: Other Remedies Upon the occurrence of an Event of Default, in addition to any rights and remedies available at law or in equity, the following provisions shall govern the Secured Party’s right to realize upon the Pledged Property:

  • Exercise of the Pledge 8.1 The Pledgee shall issue a written Notice of Default to the Pledgor when it exercises the Pledge.

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