Common use of Distributions, Voting Rights Clause in Contracts

Distributions, Voting Rights. Unless an Event of Default shall then exist, Grantor shall be permitted to receive distributions paid and to exercise all voting rights with respect to the Collateral, provided that no vote shall be cast which, in Lender’s reasonable judgment, would impair the Collateral or which would be inconsistent with or result in any violation of any provision of this Agreement or any of the Related Documents.

Appears in 4 contracts

Samples: Pledge Agreement, Commercial Pledge Agreement, Commercial Pledge Agreement (Utg Inc)

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