Common use of Rights of the Pledgor Clause in Contracts

Rights of the Pledgor. Prior to the occurrence of an Event of Default under the Loan Agreement or any of the other Loan Documents, the Pledgor shall have all voting and other rights, powers, privileges and preferences pertaining to the Collateral, subject to the terms of this Pledge Agreement, and the Bank shall not be entitled to any of such rights by reason of its possession of the Pledged Stock.

Appears in 1 contract

Samples: Stock Pledge Agreement (Mastech Holdings, Inc.)

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Rights of the Pledgor. Prior to the occurrence of an Event of Default under the Loan Agreement Note or any of the other Loan Documents, the Pledgor shall have all voting and other rights, powers, privileges and preferences pertaining to the Collateral, subject to the terms of this Pledge AgreementAgreement and the other Loan Documents, and the Bank Lender shall not be entitled to any of such rights by reason of its possession of the Pledged StockCollateral.

Appears in 1 contract

Samples: Stock Pledge Agreement (Lightyear Network Solutions, Inc.)

Rights of the Pledgor. Prior to the occurrence of an Event of Default under the Loan Credit Agreement or any of the other Loan Documents, the Pledgor shall have all voting and other rights, powers, privileges and preferences pertaining to the Collateral, subject to the terms of this Pledge Agreement, and the Bank Agent (for itself and for the benefit of the Lenders) shall not be entitled to any of such rights by reason of its possession of the Pledged StockInterests.

Appears in 1 contract

Samples: Credit Agreement (Universal Stainless & Alloy Products Inc)

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Rights of the Pledgor. Prior to the occurrence of an Event of Default under the Loan Credit Agreement or any of the other Loan Documents, the Pledgor shall have all voting and other rights, powers, privileges and preferences pertaining to the Collateral, subject to the terms of this Pledge Agreement, and the Bank Agent (for itself and for the benefit of the Lenders) shall not be entitled to any of such rights by reason of its possession of the Pledged Stock.

Appears in 1 contract

Samples: Credit Agreement (Universal Stainless & Alloy Products Inc)

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