Common use of Dividends and Voting Rights Clause in Contracts

Dividends and Voting Rights. (a) All dividends and other distributions with respect to any of the Pledged Interests shall be subject to the pledge hereunder, provided, however, that cash dividends paid to a Pledgor as record owner of the Pledged Interests, to the extent permitted by the Credit Agreement to be declared and paid, may be retained by such Pledgor so long as no Event of Default shall have occurred and be continuing, free from any Liens hereunder.

Appears in 12 contracts

Samples: Securities Pledge Agreement (Sonic Automotive Inc), Securities Pledge Agreement (Sonic Automotive Inc), Pledge Agreement (Granite Construction Inc)

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Dividends and Voting Rights. (a) All dividends and other distributions with respect to any of the Pledged Interests shall be subject to the pledge hereunder, provided, however, that cash dividends paid to a Pledgor as record owner of the Pledged Interests, to the extent permitted by the Revolving Credit Agreement to be declared and paid, may be retained by such Pledgor so long as no Event of Default shall have occurred and be continuing, free from any Liens hereunder.

Appears in 5 contracts

Samples: Credit Agreement (Sonic Automotive Inc), Securities Pledge Agreement (Sonic Automotive Inc), Securities Pledge Agreement (Sonic Automotive Inc)

Dividends and Voting Rights. (a) All dividends and other distributions with respect to any of the Pledged Interests shall be subject to the pledge hereunder, provided, however, that cash dividends paid to a Pledgor as record owner of the Pledged Interests, to the extent permitted by the Credit Agreement to be declared and paid, may be retained by such Pledgor so long as no Default or Event of Default shall have occurred and be continuing, free from any Liens hereunder.

Appears in 4 contracts

Samples: Pledge Agreement (Tetra Tech Inc), Pledge Agreement (Tetra Tech Inc), Credit Agreement (Insteel Industries Inc)

Dividends and Voting Rights. (a) All dividends and other distributions with respect to any of the Pledged Interests shall be subject to the pledge hereunder, provided, however, that cash dividends paid to a Pledgor as record owner of the Pledged Interests, to the extent permitted by the Credit Agreement to be declared and paid, may be retained by such Pledgor so long as no unless and until an Event of Default shall have occurred and be continuingcontinuing and written notice shall have been given by the Administrative Agent terminating or suspending such rights, free from any Liens hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Varian Medical Systems Inc), Assignment and Assumption (Varian Medical Systems Inc), Assignment and Assumption (Varian Medical Systems Inc)

Dividends and Voting Rights. (a) All dividends and other distributions with respect to any of the Pledged Interests shall be subject to the pledge hereunder, provided, however, that cash dividends paid to a the Pledgor as record owner of the Pledged Interests, to the extent permitted by the Credit Agreement to be declared and paid, Interests may be retained by such the Pledgor so long as no Default or Event of Default shall have occurred and be continuingcontinuing at the time of receipt by the Pledgor, free from any Liens hereunder.

Appears in 2 contracts

Samples: Securities Pledge Agreement (Sonic Automotive Inc), Securities Pledge Agreement (Sonic Automotive Inc)

Dividends and Voting Rights. (a) All dividends and other distributions with respect to any of the Pledged Interests shall be subject to the pledge hereunder, ; provided, however, that cash dividends and other distributions paid to a Pledgor as record owner of the any Pledged Interests, to the extent permitted by the Credit Agreement to be declared and paid, may be retained by such Pledgor so long as no Event of Default shall have occurred and be continuing, in each case free and clear from any Liens hereunder.

Appears in 2 contracts

Samples: Pledge Agreement (Cabot Microelectronics Corp), Credit Agreement (Cabot Microelectronics Corp)

Dividends and Voting Rights. (a) All dividends and other distributions with respect to any of the Pledged Interests shall be subject to the pledge hereunder, provided, however, that cash dividends paid to a Pledgor as record owner of the Pledged Interests, to the extent permitted by the Credit Agreement and the Notes Documents to be declared and paid, may be retained by such Pledgor so long as no Event of Default shall have occurred and be continuing, free from any Liens hereunder.

Appears in 2 contracts

Samples: Intercreditor and Collateral Agency Agreement (Granite Construction Inc), Securities Pledge Agreement (Granite Construction Inc)

Dividends and Voting Rights. (a) All a)All dividends and other distributions with respect to any of the Pledged Interests shall be subject to the pledge hereunder, provided, however, that cash dividends paid to a Pledgor as record owner of the Pledged Interests, to the extent permitted by the Credit Agreement to be declared and paid, may be retained by such Pledgor so long as no Event of Default shall have occurred and be continuing, free from any Liens hereunder.

Appears in 1 contract

Samples: Pledge Agreement (Tile Shop Holdings, Inc.)

Dividends and Voting Rights. (a) All dividends and other distributions with respect to any of the Pledged Interests Equity shall be subject to the pledge hereunder, provided, however, provided that cash dividends paid to a Pledgor as record owner of the Pledged InterestsEquity, to the extent permitted by the Credit Agreement to be declared and paid, may be retained by such Pledgor so long as no Default or Event of Default shall have occurred and be continuing, free from any Liens hereunder.

Appears in 1 contract

Samples: Unlimited Pledge Agreement (Borgwarner Inc)

Dividends and Voting Rights. (a) All dividends and other distributions with respect to any of the Pledged Interests shall be subject to the pledge hereunder, provided, however, that cash dividends paid to a Pledgor as record owner of the Pledged Interests, to the extent permitted by the Credit Agreement to be declared and paid, may be retained by such Pledgor so long as (1) no Event of Default shall have occurred and be continuing, free from any Liens hereunder, and (2) such Pledgor has not received a written revocation notice from the Administrative Agent referencing this Section 11.

Appears in 1 contract

Samples: Credit Agreement (Power One Inc)

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Dividends and Voting Rights. (a) All dividends and other distributions with respect to any of the Pledged Interests shall be subject to the pledge hereunder, provided, however, that cash dividends paid to a Pledgor as record owner of the Pledged Interests, to the extent permitted by the Credit Agreement Agreements to be declared and paid, may be retained by such Pledgor so long as no Default or Event of Default shall have occurred and be continuing, free from any Liens hereunder.

Appears in 1 contract

Samples: Pledge Agreement

Dividends and Voting Rights. (a) All dividends and other distributions with respect to any of the Pledged Interests shall be subject to the pledge hereunder, provided, however, that cash dividends paid to a Pledgor as record owner of the Pledged Interests, to the extent permitted by the Credit Agreement Indenture to be declared and paid, may be retained by such Pledgor so long as no Event of Default shall have occurred and be continuing, free from any Liens hereunderPledgor.

Appears in 1 contract

Samples: Pledge Agreement (Sonic Automotive Inc)

Dividends and Voting Rights. (a) All dividends and other distributions with respect to any of the Pledged Interests shall be subject to the pledge hereunder, provided, however, that cash dividends paid to a the Pledgor as record owner of the Pledged Interests, to the extent permitted by the Credit Agreement each Transaction Document to be declared and paid, may be retained by such the Pledgor so long as no Event of Default shall have occurred and be continuing, free from any Liens hereunder.

Appears in 1 contract

Samples: Securities Pledge Agreement (Cone Mills Corp)

Dividends and Voting Rights. (a) All dividends and other distributions with respect to any of the Pledged Equity Interests shall be subject to the pledge hereunder, provided, however, that cash dividends paid to a Pledgor as record owner of the Pledged Equity Interests, to the extent permitted by the Credit Agreement to be declared and paid, may be retained by such Pledgor so long as no Default or Event of Default shall have occurred and be continuing, free from any Liens hereunder.

Appears in 1 contract

Samples: Pledge Joinder Agreement (TRX Inc/Ga)

Dividends and Voting Rights. (a) All dividends and other distributions with respect to any of the Pledged Interests shall be subject to the pledge hereunder, provided, however, that cash dividends paid to a the appropriate Pledgor as record owner of the Pledged Interests, to the extent permitted by the Credit Agreement to be declared and paid, may be retained by such Pledgor so long as no Default or Event of Default shall have occurred and be continuing, free from any Liens hereunder.

Appears in 1 contract

Samples: Credit Agreement (Pepsiamericas Inc)

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