Reduction of Distributions. Subject to fiduciary obligations, Pledgor shall not, directly or indirectly, without prior written consent of the Secured Party, vote to reduce the annual dividend payable by the Company.
Appears in 5 contracts
Samples: Pledge and Security Agreement (Lazard Freres Real Estate Investors LLC), Pledge and Security Agreement (Lazard Freres Real Estate Investors LLC), Pledge and Security Agreement (Lazard Freres Real Estate Investors LLC)