Common use of Pledgor’s Rights Clause in Contracts

Pledgor’s Rights. (a) As long as no Event of Default shall have occurred and be continuing, Pledgors 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 or any other Loan Document; 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, interest, or value of the Secured Parties in respect of the Pledged Collateral or which would authorize, effect or consent to (unless and to the extent expressly permitted by the Loan Agreement or any other Loan Document): (i) the dissolution or liquidation, in whole or in part, of a Pledged Entity; (ii) the consolidation or merger of a Pledged Entity with any other Person; (iii) the sale, disposition or encumbrance of all or substantially all of the assets of a Pledged Entity, except for Liens in favor of the Secured Parties; (iv) any change in the authorized Equity Interests or the stated capital of a Pledged Entity or the issuance of any additional Equity Interests; or (v) the alteration of the voting rights with respect to the Equity Interests of a Pledged Entity; and (b) All dividends and all other distributions in respect of any of the Pledged Equity Interests, whenever paid or made, shall be delivered to Agent to hold as Pledged Collateral and shall, if received by Pledgor, be received in trust for the benefit of the Secured Parties, be segregated from the other property or funds of Pledgor, and be forthwith delivered to the Agent as Pledged Collateral in the same form as so received (with any necessary endorsement).

Pledgor’s Rights. (a) As long as no Event of Default shall have occurred and be continuing, Pledgors continuing and until written notice shall be given to Pledgor in accordance with Section 8.1: 7.1 Pledgor shall have the right, from time to time, to vote and give consents with respect to the Pledged Collateral, or any part thereof, thereof for all purposes not inconsistent with the provisions of this Agreement, the Loan Agreement or any other Loan Document; provided, however, that no vote shall be cast, and no consent shall be given or action taken, which would (i) have the effect of adversely impairing in any material respect the position, interest, position or value interest of the Secured Parties Lender in respect of the Pledged Collateral Collateral, the Lien of Lender in the Pledged Collateral, or which would (ii) authorize, effect or consent to (unless and to the extent expressly permitted by the Loan Agreement or any other Loan DocumentAgreement): (ia) the dissolution or liquidation, in whole or in part, of a Pledged Entity; (iib) the consolidation or merger of a Pledged Entity with any other Person; (iiic) the sale, disposition or encumbrance of all or substantially all of the assets of a Pledged Entity, except for Liens in favor of the Secured PartiesLender and Permitted Dispositions and Permitted Liens; (iv) any change in the authorized Equity Interests or the stated capital of a Pledged Entity or the issuance of any additional Equity Interests; or (v) the alteration of the voting rights with respect to the Equity Interests of a Pledged Entity; and (b) All dividends and all other distributions in respect of any of the Pledged Equity Interests, whenever paid or made, shall be delivered to Agent to hold as Pledged Collateral and shall, if received by Pledgor, be received in trust for the benefit of the Secured Parties, be segregated from the other property or funds of Pledgor, and be forthwith delivered to the Agent as Pledged Collateral in the same form as so received (with any necessary endorsement).

Pledgor’s Rights. (a) As long as no Event or Event of Default shall have occurred and be continuing, continuing and until written notice shall be given to the Pledgors in accordance with Section 8(a) hereof: (a) Each Pledgor shall have the right, from time to time, to vote and give consents with respect to the Pledged Collateral, or any part thereof, thereof for all purposes not inconsistent with the provisions of this Agreement, the Loan Credit Agreement or any other Loan Document; 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, interest, position or value interest of the Secured Parties Agent in respect of the Pledged Collateral or which would authorize, authorize or effect or consent to (unless and to the extent expressly permitted by the Loan Agreement or any other Loan DocumentCredit Agreement): (i) the dissolution or liquidation, in whole or in part, of a Pledged Entity; (ii) the consolidation or merger of a Pledged Entity with any other Person, except with a Pledgor provided that such Pledgor is the surviving corporation; (iii) the sale, disposition or encumbrance of all or substantially all of the assets of a Pledged Entity, except for Liens in favor of the Secured PartiesAgent; (iv) any change in the authorized Equity Interests number of shares, the stated capital or the stated authorized share capital of a Pledged Entity or the issuance of any additional Equity Interestsshares of its Stock; or (v) the alteration of the voting rights with respect to the Equity Interests Stock of a Pledged Entity; and (bi) All Each Pledgor shall be entitled, from time to time, to collect and receive for its own use all cash dividends and all other distributions interest paid in respect of any of the Pledged Equity Interests, whenever paid or made, shall be delivered to Agent to hold as Shares and Pledged Collateral and shall, if received by Pledgor, be received in trust for the benefit of the Secured Parties, be segregated from the other property or funds of Pledgor, and be forthwith delivered Indebtedness to the Agent as Pledged Collateral extent not in the same form as so received (with any necessary endorsement).violation of the

Pledgor’s Rights. (a) As long as no Default or Event of Default shall have occurred and be continuingcontinuing and until written notice shall be given to Pledgor in accordance with Section 8(a) hereof, Pledgors Pledgor shall have the right, from time to time, to vote and give consents with respect to the Pledged Collateral, or any part thereof, thereof for all purposes not inconsistent with the provisions of this Agreement, the Loan Credit Agreement or any other Loan Document; 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, interest, position or value interest of the Secured Parties Lender in respect of the Pledged Collateral or which would authorize, effect or consent to (unless and to the extent expressly permitted by the Loan Agreement or any other Loan DocumentCredit Agreement): (ia) the dissolution or liquidation, in whole or in part, of a Pledged Entity; (iib) the consolidation or merger of a Pledged Entity with any other Person; (iiic) the sale, disposition or encumbrance of all or substantially all of the assets of a Pledged Entity, except for Liens liens in favor of the Secured PartiesLender; (ivd) any change in the authorized Equity Interests number of membership or the stated capital of economic interests in a Pledged Entity or the issuance of any additional Equity InterestsStock unless such issuance is conditioned upon the recipient thereof pledging such stock to Lender in accordance herewith; or (ve) the alteration of the voting rights with respect to the Equity Interests stock of a Pledged Entity; and (b) All dividends and all other distributions in respect of any of the Pledged Equity Interests, whenever paid or made, shall be delivered to Agent to hold as Pledged Collateral and shall, if received by Pledgor, be received in trust for the benefit of the Secured Parties, be segregated from the other property or funds of Pledgor, and be forthwith delivered to the Agent as Pledged Collateral in the same form as so received (with any necessary endorsement).

Pledgor’s Rights. (a) As long as no Default or Event of Default shall have occurred and be continuing, Pledgors continuing and until written notice shall be given to Pledgor in accordance with Section 8(a) hereof. (a) Pledgor shall have the right, from time to time, to vote and give consents with respect to the Pledged Collateral, or any part thereof, thereof for all purposes not inconsistent with the provisions of this Agreement, the Loan Credit Agreement or any other Loan Document; 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, interest, position or value interest of the Secured Parties Lender in respect of the Pledged Collateral or which would authorize, effect or consent to (unless and to the extent expressly permitted by the Loan Agreement or any other Loan DocumentCredit Agreement): (i) the dissolution or liquidation, in whole or in part, of a Pledged Entity; (ii) the consolidation or merger of a Pledged Entity with any other Person; (iii) the sale, disposition or encumbrance of all or substantially all of the assets of a Pledged Entity, except for Liens liens in favor of the Secured PartiesLender; (iv) any change in the authorized Equity Interests number of membership or the stated capital of economic interests in a Pledged Entity or the issuance of any additional Equity InterestsMembership Interests unless such issuance is conditioned upon the recipient thereof pledging such Membership Interests to Lender in accordance herewith; or (v) the alteration of the voting rights with respect to the Equity Membership Interests of a Pledged Entity; and (b) All dividends Pledgor shall be entitled, from time to time, to collect and receive for its own use all other cash dividends, interest and the distributions in respect of any of the Pledged Equity Interests, whenever paid or made, shall be delivered to Agent to hold as Pledged Collateral and shall, if received by Pledgor, be received in trust for the benefit of the Secured Parties, be segregated from the other property or funds of Pledgor, and be forthwith delivered to the Agent as Pledged Collateral in the same form as so received (with any necessary endorsement)Collateral.

Pledgor’s Rights. (a) As long as no Default or Event of Default shall have occurred and be continuing, Pledgors continuing and until written notice shall be given to Pledgor in accordance with Section 8(a) hereof, (a) Pledgor shall have the right, from time to time, to vote and give consents with respect to the Pledged Collateral, or any part thereof, thereof for all purposes not inconsistent with the provisions of this Agreement, the Loan Credit Agreement or any other Loan Document; 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, interest, position or value interest of the Secured Parties Lender in respect of the Pledged Collateral or which would authorize, effect or consent to (unless and to the extent expressly permitted by the Loan Agreement or any other Loan DocumentCredit Agreement): (i) the dissolution or liquidation, in whole or in part, of a Pledged Entity; (ii) the consolidation or merger of a Pledged Entity with any other Person; (iii) the sale, disposition or encumbrance of all or substantially all of the assets of a Pledged Entity, except for Liens liens in favor of the Secured PartiesLender; (iv) any change in the authorized Equity Interests number of membership or the stated capital of economic interests in a Pledged Entity or the issuance of any additional Equity InterestsStock unless such issuance is conditioned upon the recipient thereof pledging such stock to Lender in accordance herewith; or (v) the alteration of the voting rights with respect to the Equity Interests stock of a Pledged Entity; and. (b) All dividends Pledgor shall be entitled, from time to time, to collect and receive for its own use all cash dividends, interest and other distributions in respect of any of the Pledged Equity Interests, whenever paid or made, shall be delivered to Agent to hold as Pledged Collateral and shall, if received by Pledgor, be received in trust for the benefit of the Secured Parties, be segregated from the other property or funds of Pledgor, and be forthwith delivered to the Agent as Pledged Collateral in the same form as so received (with any necessary endorsement)Collateral.