Common use of Right to Vote Securities Clause in Contracts

Right to Vote Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given the notice described in subsection (b) below, each Lien Grantor will have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to any Pledged Security owned by it and the Financial Asset underlying any Pledged Security Entitlement owned by it, and the Administrative Agent will, upon receiving a written request from such Lien Grantor, deliver to such Lien Grantor or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any such Pledged Security that is registered in the name of the Administrative Agent or its nominee or any such Pledged Security Entitlement as to which the Administrative Agent or its nominee is the Entitlement Holder, in each case as shall be specified in such request and be in form and substance reasonably satisfactory to the Administrative Agent and such Lien Grantor. Unless an Event of Default shall have occurred and be continuing, the Administrative Agent will have no right to take any action which the owner of a Pledged Partnership Interest or Pledged LLC Interest is entitled to take with respect thereto, except the right to receive payments and other distributions to the extent provided herein.

Right to Vote Securities. (a) Unless an Event of Default shall have occurred and be continuing and Enforcement Notice directing the Administrative Collateral Agent shall have given to vote the notice described Pledged Securities is in subsection (b) beloweffect, each Lien Grantor will have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to any Pledged Security owned by it and the Financial Asset underlying any Pledged Security Entitlement owned by it, and the Administrative Collateral Agent will, upon receiving a written request from such Lien Grantor, deliver to such Lien Grantor or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any such Pledged Security that is registered in the name of the Administrative Collateral Agent or its nominee or any such Pledged Security Entitlement as to which the Administrative Collateral Agent or its nominee is the Entitlement Holder, in each case as shall be specified in such request and be in form and substance reasonably satisfactory to the Administrative Agent and such Lien GrantorCollateral Agent. Unless an Event of Default shall have occurred and be continuingEnforcement Notice directing the Collateral Agent to do so is in effect, the Administrative Collateral Agent will have no right to take any action which the owner of a Pledged Partnership Interest or Pledged LLC Interest is entitled to take with respect thereto, except the right to receive payments and other distributions to the extent provided herein.

Right to Vote Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Collateral Agent shall have given notified the notice described in subsection (b) belowLien Grantors that their rights under this Section 11 are being suspended, each Lien Grantor will have the right, from time to time, right to vote and to give consents, ratifications and waivers with respect to any Pledged Security owned by it and the Financial Asset underlying any Pledged Security Entitlement owned by it, and the Administrative Collateral Agent will, upon receiving a written request from such Lien Grantor, deliver to such Lien Grantor or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any such Pledged Security that is registered in the name of the Administrative Collateral Agent or its nominee or any such Pledged Security Entitlement as to which the Administrative Collateral Agent or its nominee is the Entitlement Holder, in each case as shall be specified in such request and be in form and substance reasonably satisfactory to the Administrative Agent and such Lien GrantorCollateral Agent. Unless an Event of Default shall have occurred and be continuingcontinuing and the Collateral Agent shall have notified the Lien Grantors that their rights under this Section 11 are being suspended, the Administrative Collateral Agent will have no right to take any action which the owner of a Pledged Partnership Interest or Pledged LLC Interest is entitled to take with respect thereto, except the right to receive payments and other distributions to the extent provided herein.

Right to Vote Securities. (a) Unless an Actionable Event of Default shall have occurred and be continuing and the Administrative Collateral Agent shall have given notified such Lien Grantor that it elects to exercise the notice described remedies provided in subsection (b) belowthis Section 10, each Lien Grantor will have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to any Pledged Security owned by it and the Financial Asset underlying any Pledged Security Entitlement owned by it, and the Administrative Collateral Agent will, upon receiving a written request from such Lien Grantor, deliver to such Lien Grantor or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any such Pledged Security that is registered in the name of the Administrative Collateral Agent or its nominee or any such Pledged Security Entitlement as to which the Administrative Agent or its nominee is the Entitlement Holdernominee, in each case as shall be specified in such request and be in form and substance reasonably satisfactory to the Administrative Agent and requested by such Lien Grantor. Unless an Actionable Event of Default shall have occurred and be continuingcontinuing and the Collateral Agent shall have notified such Lien Grantor that it elects to exercise the remedies provided in this Section 10, the Administrative Collateral Agent will have no right to take any action which the owner of a Pledged Partnership Interest or Pledged LLC Interest is entitled to take with respect thereto, except the right to receive payments and other distributions to the extent provided herein.

Right to Vote Securities. (a) Unless an Actionable Event of Default shall have occurred and be continuing and the Administrative Collateral Agent shall have given notified such Lien Grantor that it elects to exercise the notice described remedies provided in subsection (b) belowthis Section 10, each Lien Grantor will have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to any Pledged Security owned by it and the Financial Asset underlying any Pledged Security Entitlement owned by it, and the Administrative Collateral Agent will, upon receiving a written request from such Lien Grantor, deliver to such Lien Grantor or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any such Pledged Security that is registered in the name of the Administrative Collateral Agent or its nominee or any such Pledged Security Entitlement as to which the Administrative Agent or its nominee is the Entitlement Holdernominee, in each case as shall be specified in such request and be in form and substance reasonably satisfactory to the Administrative Agent and requested by such Lien Grantor. Unless an Actionable Event of Default shall have occurred and be continuingcontinuing and the Collateral Agent shall have notified such Lien Grantor that it elects to exercise the remedies provided in this Section 10, the Administrative Collateral Agent will have no right to take any action which the owner of a Pledged Partnership Interest or Pledged LLC Interest is entitled to take with respect thereto, except the right to receive payments and other distributions to the extent provided herein.

Right to Vote Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given the notice described in subsection (b) belowcontinuing, each Lien Grantor will have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to any Pledged Security owned by it and the Financial Asset underlying any Pledged Security Entitlement owned by it, and the Administrative Collateral Agent will, upon receiving a written request from such Lien Grantor, promptly deliver (or cause to be delivered) to such Lien Grantor or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any such Pledged Security that is registered in the name of the Administrative Collateral Agent or its nominee or any such Pledged Security Entitlement as to which the Administrative Collateral Agent or its nominee is the Entitlement Holder, in each case as shall be specified in such request and be in form and substance reasonably satisfactory acceptable to the Administrative Agent and such Lien GrantorCollateral Agent. Unless an Event of Default shall have occurred and be continuing, the Administrative Collateral Agent will have no right to take any action which the owner of a Pledged Partnership Interest or Pledged LLC Interest is entitled to take with respect thereto, except the right to receive payments and other distributions to the extent provided herein.