Rights of Required Lenders. All rights of the Collateral Agent hereunder, if not exercised by the Collateral Agent, may be exercised by the holders of the Secured Obligations with the consent of the Required Lenders, in which event the holders of the Secured Obligations shall have all of the rights and obligations of, and the benefit of indemnities, waivers and releases in favor of, the Collateral Agent hereunder.
Appears in 2 contracts
Samples: Pledge Agreement (Pike Electric CORP), Security Agreement (Pike Electric CORP)
Rights of Required Lenders. All rights of the Collateral Agent hereunder, if not exercised by the Collateral Agent, may be exercised by the holders of the Secured Obligations with the consent of the Required Lenders, in which event the holders of the Secured Obligations shall have all of the rights and obligations of, and the benefit of indemnities, waivers and releases in favor of, the Collateral Agent hereunder.
Appears in 2 contracts
Samples: Security Agreement (Premiere Global Services, Inc.), Pledge Agreement (Premiere Global Services, Inc.)
