Common use of Rights of the Obligor Clause in Contracts

Rights of the Obligor. (1) Until the Security Interest has become enforceable, the Obligor shall be entitled to vote the Securities and to receive all cash dividends. In order to allow the Obligor to vote the Securities, the Collateral Agent shall from time to time, at the request and the expense of the Obligor, (i) execute valid proxies appointing proxyholders to attend and act at meetings of shareholders, and (ii) execute resolutions in writing, all pursuant to the relevant provisions of the Issuer’s governing legislation. Whenever the Security Interest has become enforceable, all rights of the Obligor to vote (under any proxy given by the Collateral Agent (or its nominee) in connection herewith or otherwise) or to receive dividends shall cease and all such rights shall become vested solely and absolutely in the Collateral Agent. (2) Any dividends received by the Obligor contrary to Section 2.7(1) or any other moneys or property which may be received by the Obligor after the Security Interest has become enforceable for, or in respect of, the Collateral shall be received as trustee for the Collateral Agent and the Lenders and shall be immediately paid over to the Collateral Agent.

Rights of the Obligor. (1) Until the Security Interest has become enforceable, the Obligor shall be entitled to vote the Securities Collateral and to receive all cash dividends. In order to allow the Obligor to vote the SecuritiesCollateral, the Collateral Agent shall from time to time, at the request and the expense of the Obligor, (i) execute valid proxies appointing proxyholders to attend and act at meetings of shareholders, and (ii) execute resolutions in writing, all pursuant to the relevant provisions of the Issuer’s 's governing legislation. Whenever the Security Interest has become enforceable, all rights of the Obligor to vote (under any proxy given by the Collateral Agent (or its nominee) in connection herewith or otherwise) or to receive dividends shall cease and all such rights shall become vested solely and absolutely in the Collateral Agent. (2) Any dividends received by the Obligor contrary to Section 2.7(1) or any other moneys or property which may be received by the Obligor after the Security Interest has become enforceable for, or in respect of, the Collateral shall be received as trustee for the Collateral Agent and the Lenders Secured Creditors and shall be immediately paid over to the Collateral Agent.

Rights of the Obligor. (1) Until the Security Interest has become enforceable, the Obligor shall be entitled to vote the Securities and to receive all cash dividends. In order to allow the Obligor to vote the Securities, the Collateral Agent shall from time to time, at the request and the expense of the Obligor, (i) execute valid proxies appointing proxyholders to attend and act at meetings of shareholders, and (ii) execute resolutions in writing, all pursuant to the relevant provisions of the Issuer’s 's governing legislation. Whenever the Security Interest has become enforceable, all rights of the Obligor to vote (under any proxy given by the Collateral Agent (or its nominee) in connection herewith or otherwise) or to receive dividends shall cease and all such rights shall become vested solely and absolutely in the Collateral Agent. (2) Any dividends received by the Obligor contrary to Section 2.7(1) or any other moneys or property which may be received by the Obligor after the Security Interest has become enforceable for, or in respect of, the Collateral shall be received as trustee for the Collateral Agent and the Lenders and shall be immediately paid over to the Collateral Agent.