Common use of Special Provisions Relating to Pledged Investment Property Clause in Contracts

Special Provisions Relating to Pledged Investment Property. (a) Provided no Event of Default (as defined in the Promissory Note) has occurred and is continuing, the Corporation has the right to exercise all voting, consensual and other powers of ownership pertaining to Collateral which is investment property (the “Pledged Investment Property”) for all purposes not inconsistent with the terms of this Security Agreement, the Promissory Note, and the Nugale Guarantee and the Corporation agrees that it will not vote the Pledged Investment Property in any manner that is inconsistent with such terms.

Appears in 1 contract

Samples: Security Agreement (E-World Usa Holding,inc)

AutoNDA by SimpleDocs

Special Provisions Relating to Pledged Investment Property. (a) Provided no Event of Default (as defined in the Promissory Note) has occurred and is continuing, the Corporation has the right to exercise all voting, consensual and other powers of ownership pertaining to Collateral which is investment property (the “Pledged Investment Property”) for all purposes not inconsistent with the terms of this Security Agreement, the Promissory Note, and the Nugale Guarantee Note and the Corporation agrees that it will not vote the Pledged Investment Property in any manner that is inconsistent with such terms.

Appears in 1 contract

Samples: Security Agreement (E-World Usa Holding,inc)

Special Provisions Relating to Pledged Investment Property. (a) Provided no Event of Default (as defined in the Promissory Note) has occurred and is continuing, the Corporation has the right to exercise all voting, consensual and other powers of ownership pertaining to Collateral which is investment property (the “Pledged Investment Property”) for all purposes not inconsistent with the terms of this Security Agreement, the Promissory Note, and the Nugale Prime Guarantee and the Corporation agrees that it will not vote the Pledged Investment Property in any manner that is inconsistent with such terms.

Appears in 1 contract

Samples: Security Agreement (E-World Usa Holding,inc)

AutoNDA by SimpleDocs

Special Provisions Relating to Pledged Investment Property. (a) Provided no Event of Default (as defined in Until demand is made for repayment under the Promissory Note) has occurred and is continuing, the Corporation has the right to exercise all voting, consensual and other powers of ownership pertaining to Collateral which is investment property (the Pledged Investment Property) for all purposes not inconsistent with the terms of this Security Agreementsecurity agreement, the Promissory Note, and Note or the Nugale Guarantee other Credit Documents and the Corporation agrees that it will not vote the Pledged Investment Property in any manner that is inconsistent with such terms.

Appears in 1 contract

Samples: Security Agreement (Canadian Cannabis Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.