General Authority upon an Event of Default. Upon and after the occurrence and during the continuance of any Event of Default:
(i) the Administrative Agent shall be entitled to receive all distributions and payments of any nature with respect to the Pledged Collateral, to be held by the Administrative Agent as part of the Pledged Collateral; and
(ii) the Administrative Agent shall have the right following prior written notice to the Grantors to vote or consent to take any action with respect to the Pledged Collateral and exercise all rights of conversion, exchange, subscription or any other rights, privileges or options pertaining to the Pledged Collateral, as if the Administrative Agent were the absolute owner thereof.
General Authority upon an Event of Default. Upon the occurrence and during the continuance of any Event of Default:
(i) the Administrative Agent shall be entitled to receive all distributions and payments of any nature with respect to the Pledged Collateral, to be held by the Administrative Agent as part of the Pledged Collateral; provided, however, that in no event shall the provisions of this Section 5(b) operate to limit such distributions to the Borrower and the Company as may be required to make the Restricted Payments otherwise permitted under the Credit Agreement;
(ii) the Administrative Agent shall have the right following prior written notice to any Pledgor to vote or consent to take any action with respect to the Pledged Collateral of such Pledgor and exercise all rights of conversion, exchange, subscription or any other rights, privileges or options pertaining to such Pledged Collateral as if the Administrative Agent were the absolute owner thereof; and
(iii) the Administrative Agent shall have the right, for and in the name, place and stead of any Pledgor, to execute endorsements, assignments or other instruments of conveyance or transfer with respect to all or any of the Pledged Collateral of such Pledgor, to endorse any checks, drafts, money orders and other instruments relating thereto, to xxx for, collect, receive and give acquittance for all moneys due or to become due in connection with the Pledged Collateral and otherwise to file any claims, take any action or institute, defend, settle or adjust any actions, suits or proceedings with respect to any Pledged Collateral, execute any and all such other documents and instruments, and do any and all such acts and things, as the Administrative Agent may deem necessary or desirable to protect, collect, realize upon and preserve any Pledged Collateral, to enforce the Administrative Agent’s rights with respect to any Pledged Collateral and to accomplish the purposes of this Agreement.
General Authority upon an Event of Default. Upon the occurrence and during the continuance of any Event of Default:
(i) the Lenders shall be entitled to receive all distributions and payments of any nature with respect to the Collateral, to be held by the Lenders as part of such Collateral; and
(ii) the Lenders shall have the right following prior written notice to the Borrower to vote or consent to take any action with respect to the Collateral and exercise all rights of conversion, exchange, subscription or any other rights, privileges or options pertaining to such Collateral, as if the Lenders were the absolute owner thereof.
General Authority upon an Event of Default. Upon and after the occurrence and during the continuance of any Event of Default: (i) the Lender shall be entitled to receive all distributions and payments of any nature with respect to the Pledged Collateral, to be held by the Lender as part of the Pledged Collateral; and (ii) the Lender shall have the right following prior written notice to the Grantor to vote or consent to take any action with respect to the Pledged Collateral and exercise all rights of conversion, exchange, subscription or any other rights, privileges or options pertaining to the Pledged Collateral, as if the Lender were the absolute owner thereof.
General Authority upon an Event of Default. Upon and after (1) the occurrence of an Event of Default, (2) the expiration of a minimum of five days after written notice thereof is provided to the Shareholder, and (3) the expiration of the Shareholder's right to pay to Medtronic the full amount of the Obligations and redeem the Pledged Shares:
(i) Medtronic shall be entitled to receive all distributions and payments of any nature with respect to the Pledged Shares; and
(ii) Medtronic shall have the right to vote or consent to take any action with respect to the Pledged Shares and to foreclose upon and otherwise to exercise all rights of ownership, conversion, exchange, subscription, or any other rights, privileges, or options pertaining to the Pledged Shares as if Medtronic were the absolute owner thereof.
General Authority upon an Event of Default. Upon the occurrence and during the continuance of any Event of Default:
(i) the Administrative Agent shall be entitled to receive all distributions and payments of any nature with respect to the Pledged Collateral, to be held by the Administrative Agent as part of the Pledged Collateral;
(ii) the Administrative Agent shall have the right following prior written notice to any Pledgor to vote or consent to take any action with respect to the Pledged Collateral of such Pledgor and exercise all rights of conversion, exchange, subscription or any other rights, privileges or options pertaining to such Pledged Collateral as if the Administrative Agent were the absolute owner thereof; and
(iii) the Administrative Agent shall have the right, for and in the name, place and stead of any Pledgor, to execute endorsements, assignments or other instruments of conveyance or transfer with respect to all or any of the Pledged Collateral of such Pledgor, to
General Authority upon an Event of Default. During the ------------------------------------------ continuance of any Event of Default:
(i) the Agent shall be entitled to receive all distributions and payments of any nature with respect to the Pledged Collateral, to be held by the Agent as part of the Pledged Collateral; and
(ii) the Agent shall have the right following prior written notice to the Grantor to vote or consent to take any action with respect to the Pledged Collateral and exercise all rights of conversion, exchange, subscription or any other rights, privileges or options pertaining to the Pledged Collateral, as if the Agent were the absolute owner thereof.
General Authority upon an Event of Default. Upon and after the occurrence of any Event of Default the Lender shall have the right following prior written notice to the Borrower to vote or consent to take any action with respect to the Pledged Shares and exercise all rights of conversion, exchange, subscription or any other rights, privileges or options pertaining to the Pledged Collateral as if the Lender were the absolute owner thereof.
General Authority upon an Event of Default. Upon and after the occurrence of any Event of Default:
(i) the Investors shall be entitled to receive all distributions and payments of any nature with respect to the Pledged Collateral, to be held by the Investors as part of the Pledged Collateral;
(ii) the Investors shall have the right following prior written notice to the Company to vote or consent to take any action with respect to the Pledged Collateral and exercise all rights of conversion, exchange, subscription or any other rights, privileges or options pertaining to the Pledged Collateral as if the Investors were the absolute owner thereof; and
(iii) the Investors shall have the right, for and in the name, place and stead of the Company, to execute endorsements, assignments or other instruments of conveyance or transfer with respect to all or any of the Pledged Collateral, to endorse any checks, drafts, money orders and other instruments relating thereto, to sue xxx, collect, receive and give acquittance for all moneys due or to become due in connection with the Pledged Collateral and otherwise to file any claims, take any action or institute, defend, settle or adjust any actions, suits or proceedings with respect to the Pledged Collateral, execute any and all such other documents and instruments, and do any and all such acts and things, as the Investors may deem necessary or desirable to protect, collect, realize upon and preserve the Pledged Collateral, to enforce the Investors' rights with respect to the Pledged Collateral and to accomplish the purposes of this Agreement.
General Authority upon an Event of Default. If there exists any Default or Event of Default:
