Common use of Pledgor’s Rights Clause in Contracts

Pledgor’s Rights. As long as no Default or Event of Default shall have occurred and be continuing and until written notice shall be given to Pledgor in accordance with Section 8(a) hereof, Pledgor shall have the right, from time to time, to vote and give consents with respect to the Pledged Collateral, or any part thereof for all purposes not inconsistent with the provisions of this Agreement, the Loan Agreement, and any other Ancillary Agreement; provided, however, that no vote shall be cast, and no consent shall be given or action taken, which would have the effect of impairing the position or interest of Agent in respect of the Pledged Collateral or which would authorize or effect (except as and to the extent expressly permitted by the Loan Agreement) (i) the dissolution or liquidation, in whole or in part, of i2(DE), (ii) the consolidation or merger of i2(DE) with any other Person other than Pledgor, (iii) the sale, disposition or encumbrance of all or substantially all of the assets of i2(DE) other than as permitted by the Loan Agreement, (iv) any change in the authorized number of shares, the stated capital or the authorized share capital of i2(DE) or the issuance of any additional shares of i2(DE) stock, or (v) the alteration of the voting rights with respect to the stock of i2(DE).

Pledgor’s Rights. As long as no Default or Event of Default shall have occurred and be continuing and until written notice shall be given to Pledgor in accordance with Section 8(a) hereof, Pledgor shall have the right, from time to time, to vote and give consents with respect to the Pledged Collateral, or any part thereof for all purposes not inconsistent with the provisions of this Agreement, the Loan Agreement, and any other Ancillary Agreement; provided, however, that no vote shall be cast, and no consent shall be given or action taken, which would have the effect of impairing the position or interest of Agent in respect of the Pledged Collateral or which would authorize or effect (except as and to the extent expressly permitted by the Loan Agreement) (i) the dissolution or liquidation, in whole or in part, of i2(DE)SuperCaller, (ii) the consolidation or merger of i2(DE) SuperCaller with any other Person other than Pledgor, (iii) the sale, disposition or encumbrance of all or substantially all of the assets of i2(DE) SuperCaller other than as permitted by the Loan Agreement, (iv) any change in the authorized number of shares, the stated capital or the authorized share capital of i2(DE) SuperCaller or the issuance of any additional shares of i2(DE) SuperCaller stock, or (v) the alteration of the voting rights with respect to the stock of i2(DE)SuperCaller.