Common use of EXERCISE OF MEMBERSHIP RIGHTS Clause in Contracts

EXERCISE OF MEMBERSHIP RIGHTS. 6.1 The membership rights, including the management (Geschäftsführung) of the Company and the voting rights, attached to the GP Interests remain with Pledgor 1. Pledgor 1 may exercise its membership rights in any manner which does not adversely affect the validity or enforceability of the Pledges 1 or the existence of all or part of the GP Interests other than through profit payments pursuant to sub-Clause 4.3 above, or cause an Event of Default to occur. The Pledgor undertakes, unless otherwise permitted by the Principal Finance Documents, that no resolutions will be passed which would, if passed, constitute a breach of its obligations under Clause 9 or any other obligation under this Agreement.

EXERCISE OF MEMBERSHIP RIGHTS. 6.1 The membership rights, including the management (Geschäftsführung) of the Company and the voting rights, attached to the GP Interests remain with the Pledgor. The Pledgor 1. Pledgor 1 may exercise its membership rights in any manner which does not adversely affect the validity or enforceability of the Pledges 1 or the existence of all or part of the GP Interests other than through profit payments pursuant to sub-Clause 4.3 4.2 above, or cause an Event of Default to occur. The Pledgor undertakes, unless otherwise permitted by the Principal Finance Documents, that no resolutions will be passed which would, if passed, constitute a breach of its obligations under Clause 9 or any other obligation under this Agreement.