Rights Prior to Default. Other than during the existence of an Event of Default,
(i) Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Pledged Securities or any part thereof for any purpose not inconsistent with the terms of the Loan Documents.
(ii) Subject to and limited by the restrictions on dividends and other payments in respect of the Collateral set forth in the Loan Documents, Pledgor shall be entitled to receive and retain any and all dividends and other payments paid in respect of the Collateral, provided, however, that any and all
(a) dividends or other payments paid or payable other than in cash in respect of, and instruments and other property received, receivable or otherwise distributed in respect of, or in exchange for, any Collateral,
(b) dividends and other distributions paid or payable in cash in respect of any Collateral in connection with a partial or total liquidation or dissolution or in connection with a reduction of capital, capital surplus or paid-in-surplus, and
(c) cash paid, payable or otherwise distributed in redemption of or exchange for, any Collateral except in a transaction permitted by the Credit Agreement, shall forthwith be delivered to the Agent to hold as Collateral and shall, if received by Pledgor, be received in trust for the benefit of the Agent, be segregated from the other property or funds of Pledgor, and be forthwith delivered to the Agent as Collateral in the same form as so received (with any Necessary Endorsement).
(iii) The Agent shall execute and deliver to the Pledgor all such proxies and other instruments as the Pledgor may reasonably request for the purpose of enabling the Pledgor to exercise the voting and other rights which it is entitled to exercise pursuant to paragraph (i) above and to receive the dividends or interest payments which it is authorized to receive and retain pursuant to paragraph (ii) above.
Rights Prior to Default. Unless or until an “Event of Default” (as defined in Section 6 hereof) shall occur and be continuing, the Assignor shall have the right and license to collect, at the time (but in no event more than 30 days in advance) provided for the payment thereof, all rents, issues, income and profits assigned hereunder, and to retain, use and enjoy the same. Upon the occurrence of an Event of Default, the Assignor’s right and license to collect such rents, issues, income and profits shall immediately terminate without further notice thereof to the Assignor. The Assignee shall have the right to notify the tenants under the Leases of the existence of this Assignment at any time.
Rights Prior to Default. So long as no Default or Event of Default exists and Secured Party shall not have given written notice to Pledgor or Company of its intention to foreclose upon or otherwise dispose of all or any part of the Collateral, or to exercise its voting rights pertaining to the Pledged Equity Interests, Pledgor shall be entitled to exercise any and all voting and/or consensual rights and powers relating or pertaining to the Pledged Equity Interests or any part thereof for any purpose not inconsistent with the terms of this Agreement.
Rights Prior to Default. For so long as no Event of Default (defined herein) has occurred and is continuing, I shall be entitled to (a) have and exercise all voting and consensual rights and powers pertaining to the Shares or any other securities included in the Collateral, (b) receive any and all Ordinary Dividends with respect to the Shares free and clear of this pledge, and (c) direct that any other cash held in the Account be applied to payment of the Secured Obligations. "Ordinary Dividend" means any regular periodic dividend paid on the Shares or other securities included in the Collateral that, together with all other such dividends paid within the then-preceding 12 months, does not exceed 6% of the then fair market value of the securities on which such dividend is paid. If necessary and I so request, you shall issue appropriate instructions to WSI as to my voting and consensual rights and rights to receive Ordinary Dividends and apply payments to the Secured Obligations as provided in this paragraph. Upon the occurrence and during the continuation of any Event of Default, the foregoing rights shall terminate, and you shall be entitled to have and exercise all such voting and consensual rights and to retain all such Ordinary Dividends as part of the Collateral hereunder.
Rights Prior to Default. Other than during the existence of an Event of Default:
Rights Prior to Default. So long as no Event of Default exists and Pledgee shall not have given written notice of its intention to foreclose upon or otherwise dispose of all or any part of the Pledged Collateral, or to exercise its voting rights pertaining to the Pledged Equity Interests, Pledgor shall be entitled to exercise any and all voting and/or consensual rights and powers relating or pertaining to the Pledged Equity Interests or any part thereof for any purpose not inconsistent with the terms of this Agreement.
Rights Prior to Default. Until an Event of Default has occurred, the Borrower may have possession of the Collateral and use it in any lawful manner not inconsistent with this Second Amended and Restated Security Agreement, the Additional Standby Facility Loan Agreement or any other Loan Documents, and not inconsistent with any policy of insurance thereon.
Rights Prior to Default. In the absence of an Event of Default and expiration of any applicable grace period, Pledgor shall have the right to vote the Stock.
Rights Prior to Default. Other than during the existence of an Event of Default,
(i) Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral or any part thereof for any purpose not inconsistent with the terms of the Loan Documents.
(ii) Subject to and limited by the restrictions on dividends and other payments in respect of the Collateral set forth in the Loan Documents, Pledgor shall be entitled to receive and retain any and all dividends, interest and other payments paid in respect of the Collateral, provided, however, that any and all
(a) dividends or other payments paid or payable other than in cash in respect of, and instruments and other property received, receivable or otherwise distributed in respect of, or in exchange for, any Collateral,
Rights Prior to Default. Other than during the existence of an Event of Default,
(i) Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Pledged Securities or any part thereof for any purpose not inconsistent with the terms of the Loan Documents.
(ii) Subject to and limited by the restrictions on dividends and other payments in respect of the Collateral set forth in the Loan Documents, Pledgor shall be entitled to receive and retain any and all dividends and other payments paid in respect of the Collateral, provided, however, that any and all
(a) dividends or other payments paid or payable other than in cash in respect of, and instruments and other property received, receivable or otherwise distributed in respect of, or in exchange for, any Collateral,
(b) dividends and other distributions paid or payable in cash in respect of any Collateral in connection with a partial or total liquidation or dissolution or in connection with a reduction of capital, capital surplus or paid-in-surplus, and
(c) except as otherwise provided in the Credit Agreement, cash paid, payable or otherwise distributed in redemption of or exchange for, any Collateral,
(iii) The Agent shall execute and deliver to the Pledgor all such proxies and other instruments as the Pledgor may reasonably request for the purpose of enabling the Pledgor to exercise the voting and other rights which it is entitled to exercise pursuant to paragraph (i) above and to receive the dividends or interest payments which it is authorized to receive and retain pursuant to paragraph (ii) above.
