Common use of Right to Receive Distributions on Collateral; Voting Clause in Contracts

Right to Receive Distributions on Collateral; Voting. (a) Unless and until (x) an Event of Default shall have occurred and be continuing and (y) written notice thereof shall have been given by the Collateral Agent to the relevant Loan Party (provided, that if an Event of Default specified in Section 8.01(f) of the Credit Agreement shall occur, no such notice shall be required):

Appears in 1 contract

Samples: Control Agreement (Sbarro Express LLC)

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Right to Receive Distributions on Collateral; Voting. (a) Unless and until (x) an Event of Default shall have occurred and be continuing and (y) two (2) Business Day’s prior written notice thereof shall have been given by the Collateral Agent to the relevant Loan Party (provided, provided that if an Event of Default specified in Section 8.01(f) of the Credit Agreement shall occur, no such notice shall be required):

Appears in 1 contract

Samples: Credit Agreement (Sucampo Pharmaceuticals, Inc.)

Right to Receive Distributions on Collateral; Voting. (a) Unless and until (xi) an Event of Default shall have occurred and be continuing and (yii) written notice thereof shall have been given by the Senior Collateral Agent to the relevant Loan Party (provided, provided that if an Event of Default specified in Section 8.01(f) of the Credit Agreement shall occur, no such notice shall be required):

Appears in 1 contract

Samples: Pledge Agreement (VeriFone Holdings, Inc.)

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Right to Receive Distributions on Collateral; Voting. (a) Unless and until (xi) an Event of Default shall have occurred and be continuing and (yii) written notice thereof shall have been given by the Collateral Agent to the relevant Loan Party (provided, provided that if an Event of Default specified in Section 8.01(f) of the Credit Agreement shall occur, no such notice shall be required):

Appears in 1 contract

Samples: Pledge Agreement (Life Technologies Corp)

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