DIVIDENDS; VOTING. All dividends hereinafter declared on or ----------------- payable with respect to the Collateral during the term of this pledge (excluding only ordinary cash dividends, which will be payable to Pledgor so long as Pledgor is not in default under the Note) will be immediately delivered to the Company to be held in pledge under this Agreement. Notwithstanding this Agreement, so long as Pledgor owns the Shares and is not in default under the Note, Pledgor will be entitled to vote any shares comprising the Collateral, subject to any proxies granted by Pledgor.
DIVIDENDS; VOTING. All dividends hereinafter declared on or payable with respect to any Collateral during the term of this Pledge Agreement (excluding only ordinary cash dividends, which will be payable to Pledgor so long as no Event of Default has occurred under the Note) (the "DIVIDENDS") will be immediately delivered to the Company to be held in pledge under this Pledge Agreement. Notwithstanding this Pledge Agreement, so long as Pledgor owns the Shares and no Event of Default has occurred under the Note, Pledgor will be entitled to vote any shares comprising the Collateral, subject to any proxies granted by Pledgor.
DIVIDENDS; VOTING. If Participant is a shareholder of record on any applicable record date, Participant shall receive any dividends on the Shares granted hereunder when paid regardless of whether the restrictions imposed by Paragraph 3 hereof have lapsed. If Participant is a shareholder of record on any applicable record date, Participant shall have the right to vote the Shares granted hereunder regardless of whether the restrictions imposed by Paragraph 3 hereof have lapsed.
DIVIDENDS; VOTING. 4.01 Unless an Event of Default shall have occurred and be continuing, the Pledgor shall be entitled to receive all cash dividends and distributions paid in respect of the Pledged Securities without delivering such sums to the Administrative Agent or depositing such sums in the Cash Collateral Account, to vote and exercise any and all other voting and consensual rights with respect to the Pledged Securities and to give consents, waivers or ratifications in respect thereof, provided that no vote shall be cast or consent, waiver or ratification given or action taken which would violate or be inconsistent with any of the terms of this Agreement or the other Loan Documents or which could reasonably be expected to have an adverse effect on the interest of the Administrative Agent in the Securities Collateral.
4.02 Upon the occurrence and during the continuance of an Event of Default, (i) the Pledgor's rights under Section 4.01 shall immediately cease, (ii) all cash dividends and other distributions in respect of the Pledged Securities shall be deposited to the Cash Collateral Account in accordance with the provisions of Article 3, and (iii) the Administrative Agent shall have the right to vote, and to give consents, waivers and ratifications with respect to, the Pledged Securities. If the Administrative Agent elects not to exercise such rights, the Pledgor may continue to exercise such rights, provided that the Pledgor shall not take any vote or other action with respect to such Pledged Securities that could reasonably be expected to have an adverse effect on the interest of the Administrative Agent in the Securities Collateral, and if so directed in writing, shall vote or take such other action as directed by the Administrative Agent. The Pledgor hereby grants to the Pledgee, an irrevocable proxy to exercise all voting and consensual rights with respect to the Pledged Securities and to give consents, waivers or ratifications in respect thereof, which proxy shall only be effective upon the occurrence of an Event of Default and shall remain effective during the continuance of an Event of Default.
DIVIDENDS; VOTING etc., Prior to Maturity........................... 5
DIVIDENDS; VOTING etc., Prior to Maturity. So long as no Event of ------------------------------------------ Default shall exist, the Company shall be entitled to receive all cash dividends paid in respect of the Stock, to vote the Stock and to give consents, waivers and ratifications in respect of the Stock; provided, however, that no vote shall -------- ------- be cast, or consent, waiver or ratification given, by the Company if the effect thereof would in the reasonable judgment of the Collateral Agent impair any of the Stock Collateral or be inconsistent with or result in any violation of any of the provisions of the Credit Agreement, the Note Purchase Agreement, the Intercreditor Agreement or any document executed in connection therewith. All such rights of the Company to receive cash dividends shall cease in case an Event of Default shall exist. All such rights of the Company to vote and give consents, waivers and ratifications with respect to the Stock shall, at the Collateral Agent's option, as evidenced by the Collateral Agent's notifying the Company of such election, cease in case an Event of Default shall exist.
DIVIDENDS; VOTING. Xxxxxxx shall be entitled to all cash dividends declared upon the shares held by the Escrowee between the date hereof and the dates an option is exercised. All stock dividends on the option shares declared between the date hereof and the date an option is exercised shall attach to the respective stock and shall be considered part thereof. Xxxxxxx shall retain the right to vote all of the option shares.
DIVIDENDS; VOTING. (a) Any dividends declared and paid, and any distributions, whether in cash, stock or other property, made with respect to, the Escrow Shares, including by way of stock split, stock dividend recapitalization, reorganization or the like made in respect of any securities in the Escrow Fund, shall be delivered to the Escrow Agent and shall be held and transferred by the Escrow Agent in the same manner that the Escrow Shares are held and transferred hereunder. The Escrow Agent shall treat the Stockholders’ Representative as the duly authorized agent and representative of the Company Stockholders with respect to property added to the Escrow Fund.
(b) The Company Stockholders shall vote the Escrow Shares in accordance with their respective interests as set forth in Exhibit A on all matters submitted to a vote of the stockholders of IMSI during the term of this Agreement.
(c) The Company Stockholders shall have no right to sell, pledge, hypothecate or otherwise dispose of or transfer any Escrow Shares or instruct the Escrow Agent in any manner with respect thereto.
DIVIDENDS; VOTING. For Federal income tax purposes or otherwise, each WellComm Stockholder shall be deemed to be the owner of his, her or its Applicable Escrow Shares while such shares are held by the Escrow Agent. Each WellComm Stockholder shall be entitled to receive any regular or liquidating dividends paid on his, her or its Applicable Escrow Shares. While the Escrow Shares are held by the Escrow Agent, each WellComm Stockholder shall be entitled to vote his, her or its Applicable Escrow Shares.
DIVIDENDS; VOTING. If the Grantee is a shareholder of record ----------------- on any applicable record date, the Grantee shall receive any dividends on the Common Stock granted hereunder when paid regardless of whether the restrictions imposed by Section 3 hereof have lapsed. If the Grantee is a shareholder of record on any applicable record date, the Grantee shall have the right to vote the Common Stock granted hereunder regardless of whether the restrictions imposed by Section 3 hereof have lapsed.
