Common use of EXERCISE OF MEMBERSHIP RIGHTS Clause in Contracts

EXERCISE OF MEMBERSHIP RIGHTS. The membership rights, including the voting rights, attached to the Shares remain with the Pledgor. The Pledgor may exercise its membership rights in any manner which does not adversely affect the validity and enforceability of the Pledge, the existence of all or part of the Shares or cause an Event of Default to occur. The Pledgor undertakes, unless otherwise agreed between the parties, that no resolutions will be passed which would, if passed, constitute a breach of its obligations under Clause 10 or any other obligation under this Agreement.

Appears in 7 contracts

Samples: Share Pledge Agreement (Reynolds Group Holdings LTD), Share Pledge Agreement (RenPac Holdings Inc.), Share Pledge Agreement (RenPac Holdings Inc.)

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EXERCISE OF MEMBERSHIP RIGHTS. The membership rights, including the voting rights, attached to the Shares remain with the Pledgor. The Pledgor may exercise its membership rights in any manner which does not adversely affect the validity and enforceability of the PledgePledges, the existence of all or part of the Shares or cause an Event of Default to occur. The Pledgor undertakes, unless otherwise agreed between the parties, that no resolutions will be passed which would, if passed, constitute a breach of its obligations under Clause 10 or any other obligation under this Agreement.

Appears in 6 contracts

Samples: Share Pledge Agreement (Reynolds Group Holdings LTD), Share Pledge Agreement (Reynolds Group Holdings LTD), Share Pledge Agreement (RenPac Holdings Inc.)

EXERCISE OF MEMBERSHIP RIGHTS. The membership rights, including the voting rights, attached to the Shares remain with the Pledgor. The Pledgor may Pledgor, however, shall at all times until the full satisfaction of all Secured Obligations or the release of the Pledges exercise its membership rights in any manner which does rights, including its voting rights, to the extent that such exercise would not adversely affect the validity and enforceability of the Pledge, the existence of all constitute a Default or part of the Shares or cause an Event of Default to occur. The Pledgor undertakes, unless otherwise agreed between the parties, that no resolutions will be passed which would, if passed, constitute a breach of its obligations under Clause 10 or any other obligation under this AgreementDefault.

Appears in 5 contracts

Samples: Share Pledge Agreement (Marconi Corp PLC), Marconi Corp PLC, Marconi Corp PLC

EXERCISE OF MEMBERSHIP RIGHTS. The membership rights, including the voting rights, attached to the Shares remain with the Pledgor. The Pledgor may exercise its membership rights in any manner which does not adversely affect the validity and enforceability of the PledgePledges, the existence of all or part of the Shares or cause an Event of Default to occur. The Pledgor undertakes, unless otherwise agreed between permitted by the partiesPrincipal Finance Documents, that no not to support any resolutions will be which if passed which would, if passed, would constitute a breach of its obligations under Clause 10 9 or any other obligation under this Agreement.

Appears in 5 contracts

Samples: Pledge Agreement (Beverage Packaging Holdings (Luxembourg) v S.A.), Pledge Agreement (RenPac Holdings Inc.), Pledge Agreement (RenPac Holdings Inc.)

EXERCISE OF MEMBERSHIP RIGHTS. The membership rights, including the voting rights, attached to the Shares remain with the Pledgor. The Pledgor may exercise its membership rights in any manner which does not adversely affect the validity and enforceability of the PledgePledges, the existence of all or part of the Shares or cause an Event of Default to occur. The Pledgor undertakes, unless otherwise agreed between the parties, that no resolutions will be passed which would, if passed, constitute a breach of its obligations under Clause 10 0 or any other obligation under this Agreement.

Appears in 3 contracts

Samples: Share Pledge Agreement (RenPac Holdings Inc.), Share Pledge Agreement (RenPac Holdings Inc.), Share Pledge Agreement (RenPac Holdings Inc.)

EXERCISE OF MEMBERSHIP RIGHTS. The membership rights, including the voting rights, attached to the Shares remain with the respective Pledgor. The Each Pledgor may exercise its membership rights in any manner which does not adversely affect the validity and enforceability of the PledgePledges, the existence of all or part of the Shares or cause an Event of Default to occur. The Each Pledgor undertakes, unless otherwise agreed between the parties, that no resolutions will be passed which would, if passed, constitute a breach of its obligations under Clause 10 or any other obligation under this Agreement.

Appears in 2 contracts

Samples: Share Pledge Agreement (Reynolds Group Holdings LTD), Share Pledge Agreement (RenPac Holdings Inc.)

EXERCISE OF MEMBERSHIP RIGHTS. The membership rights, including the voting rights, attached to the Shares remain with the Pledgor. The Pledgor may exercise its membership rights in any manner which does not adversely affect the validity and enforceability of the Pledge, the existence of all or part of the Shares or cause an Event of Default to occur. The Pledgor undertakes, unless otherwise agreed between the parties, that no resolutions will be passed which would, if passed, constitute a breach of its obligations under Clause 10 9 or any other obligation under this Agreement.

Appears in 1 contract

Samples: Share Pledge Agreement (RenPac Holdings Inc.)

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EXERCISE OF MEMBERSHIP RIGHTS. The membership rights, including the voting rights, attached to the Shares remain with the Pledgor. The Pledgor may exercise its membership rights in any manner which does not adversely affect the validity and enforceability of the PledgePledges, the existence of all or part of the Shares or cause an Event of Default to occur. The Pledgor undertakes, unless otherwise agreed between the parties, that no resolutions will be passed which would, if passed, constitute a breach of its obligations under Clause 10 9 or any other obligation under this Agreement.

Appears in 1 contract

Samples: Share Pledge Agreement (RenPac Holdings Inc.)

EXERCISE OF MEMBERSHIP RIGHTS. The membership rights, including the voting rights, attached to the Shares remain with the Pledgor. The Pledgor may exercise its membership rights in any manner which does not adversely affect the validity and enforceability of the Pledge, the existence of all or part of the Shares or cause an Event of Default to occur. The Pledgor undertakes, unless otherwise agreed between the parties, that no resolutions will be passed which would, if passed, constitute a breach of its obligations under Clause 10 8 or any other obligation under this Agreement.

Appears in 1 contract

Samples: Share Pledge Agreement (Reynolds Group Holdings LTD)

EXERCISE OF MEMBERSHIP RIGHTS. The membership rights, including the voting rights, attached to the Shares Interests remain with the Pledgor. The Pledgor may Pledgor, however, shall at all times until the full satisfaction of all Secured Obligations or the release of the Pledges exercise its membership rights in any manner which does rights, including its voting rights, to the extent that such exercise would not adversely affect the validity and enforceability of the Pledge, the existence of all constitute a Default or part of the Shares or cause an Event of Default to occur. The Pledgor undertakes, unless otherwise agreed between the parties, that no resolutions will be passed which would, if passed, constitute a breach of its obligations under Clause 10 or any other obligation under this AgreementDefault.

Appears in 1 contract

Samples: Marconi Corp PLC

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