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 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 Agreement and the other Loan Documents, and Lender shall not be entitled to any of such rights by reason of its possession of the Collateral.

Appears in 1 contract

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

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Rights of the Pledgor. Prior to the occurrence of an Event of Default under the Note 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 Agreement Pledge Agreement, and the other Loan Documents, and Lender Bank shall not be entitled to any of such rights by reason of its possession of the CollateralPledged Stock.

Appears in 1 contract

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

Rights of the Pledgor. Prior to the occurrence of an Event of Default under the Note 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 Agreement Pledge Agreement, and the other Loan Documents, Agent (for itself and Lender for the benefit of the Lenders) shall not be entitled to any of such rights by reason of its possession of the CollateralPledged Stock.

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 Note 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 Agreement Pledge Agreement, and the other Loan Documents, Agent (for itself and Lender for the benefit of the Lenders) shall not be entitled to any of such rights by reason of its possession of the CollateralPledged Interests.

Appears in 1 contract

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

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