Prior to Event of Default. Prior to an Event of Default, all payments made hereunder shall be applied as directed by the Borrower, but such payments are subject to the terms of this Agreement.
Prior to Event of Default. (a) So long as no Event of Default shall have occurred and be continuing, each of Westfield Partners and Westland Management shall retain its rights to receive all cash payments and distributions from the Partnership in respect of such Pledgor's partnership interest in the Partnership for any purpose and shall retain all other rights as a limited or general partner of the Partnership, provided that such rights are not exercised in a manner that would cause a violation of any of the provisions of this Agreement or the Note.
Prior to Event of Default. Notwithstanding any other provision of this Agreement, so long as no Event of Default has occurred and is continuing:
Prior to Event of Default. Unless an Event of Default has occurred and is continuing:
Prior to Event of Default. So long as no Event of Default shall have occurred and be continuing:
Prior to Event of Default. Prior to an Event of Default, all payments made hereunder shall be applied as directed by the Borrower, but such payments are subject to the terms of this Agreement, including the application of prepayments according to Section 2.5. Notwithstanding the foregoing, any prepayments of Term Loan Advances pursuant to Section 2.5 shall be applied (i) first to reduce scheduled payments required under Section 2.6(b) in direct order of maturity to the next four scheduled payments, (ii) second, thereafter, on a pro rata basis among the payments in respect of the Term Loan Advances remaining to be made on each scheduled repayment date, and (iii) third to the extent there are prepayment amounts in respect of the Term Loan Advances remaining after the application of such prepayments under clauses (i) and (ii), such excess amounts shall be applied as directed by the Borrower.
Prior to Event of Default. So long as an Event of Default shall not have occurred and be continuing, the Assignor shall be entitled, to the extent not inconsistent with this Agreement, the Note or any other Loan Document:
Prior to Event of Default. As long as no Event of Default (as defined below) has occurred, the Pledgor is entitled to receive and retain any dividends (whether in cash or in kind) distributed in respect of the Shares.
Prior to Event of Default. Prior to an Event of Default, the Pledgor shall be entitled to vote the Collateral and give consents, waivers and ratifications in respect thereof subject to the requirements of Section 5 above, and to the extent allowed by the Loan Agreement, any cash interest, dividends or distributions received from the Collateral.
Prior to Event of Default. As long as no Event of Default shall have occurred and be continuing:
