Common use of Exercise of Rights in Pledged Equity and other Investment Property Clause in Contracts

Exercise of Rights in Pledged Equity and other Investment Property. Subject to the Intercreditor Agreement, such Debtor will permit the Collateral Agent or its nominee at any time after the occurrence of an Event of Default, without notice, to exercise all voting and corporate rights relating to the Collateral, including, without limitation, exchange, subscription or any other rights, privileges, or options pertaining to any corporate securities or other ownership interests or Investment Property in or of a corporation, partnership, joint venture or limited liability company constituting Collateral and the Stock Rights as if it were the absolute owner thereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (Vanguard Natural Resources, Inc.), Intercreditor Agreement (Vanguard Natural Resources, LLC)

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Exercise of Rights in Pledged Equity and other Investment Property. Subject to the Intercreditor Agreement, such Debtor the Issuer will permit the Collateral Agent or its nominee at any time after the occurrence of an Event of Default, without notice, to exercise all voting and corporate rights relating to the Collateral, including, without limitation, exchange, subscription or any other rights, privileges, or options pertaining to any corporate securities or other ownership interests or Investment Property in or of a corporation, partnership, joint venture or limited liability company constituting Collateral and the Stock Rights as if it were the absolute owner thereof.

Appears in 2 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement (Vanguard Natural Resources, Inc.)

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Exercise of Rights in Pledged Equity and other Investment Property. Subject to the Intercreditor Agreement, such Debtor each Issuer will permit the Collateral Agent or its nominee at any time after the occurrence of an Event of Default, without notice, to exercise all voting and corporate rights relating to the Collateral, including, without limitation, exchange, subscription or any other rights, privileges, or options pertaining to any corporate securities or other ownership interests or Investment Property in or of a corporation, partnership, joint venture or limited liability company constituting Collateral and the Stock Rights as if it were the absolute owner thereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Vanguard Natural Resources, LLC)

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