Common use of Collateral Proceeds Clause in Contracts

Collateral Proceeds. Until written notice shall be given to the Pledgors in accordance with Section 6.2(d) that the Administrative Agent has exercised its rights under Section 6.2(d) to vote the Collateral, each Pledgor shall be entitled to receive and collect for its own use all Collateral Proceeds.

Appears in 4 contracts

Samples: Pledge Agreement, Pledge Agreement (Quanta Services Inc), Pledge Agreement (Quanta Services Inc)

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Collateral Proceeds. Until written notice shall be given to the Pledgors in accordance with Section 6.2(d) that the Administrative Agent has exercised its rights under Section 6.2(d) to vote the Collateral, each Pledgor shall be entitled to receive and collect for its own use all Collateral Proceeds; provided, however, that for greater certainty, notwithstanding anything herein to the contrary, the Administrative Agent shall have no rights to vote any Collateral consisting of the Capital Stock of any Issuer.

Appears in 1 contract

Samples: Pledge Agreement (Quanta Services Inc)

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