Special Provisions Relating to Stock Collateral. (a) So long as no Event of Default shall have occurred and be continuing, the Debtor shall have the right to exercise all voting, consensual and other powers of ownership pertaining to the Stock Collateral for all purposes not inconsistent with the terms of any Basic Document, provided that the Debtor agrees that it will not vote the Stock Collateral in any manner that is inconsistent with the terms of any Basic Document; and the Secured Party shall, at the Debtor's expense, execute and deliver to the Debtor or cause to be executed and delivered to the Debtor all such proxies, powers of attorney, other orders and other instruments, without recourse, as the Debtor may reasonably request for the purpose of enabling the Debtor to exercise the rights and powers which it is entitled to exercise pursuant to this Section 2.06(a).
Appears in 2 contracts
Samples: Security Agreement (Genesisintermedia Com Inc), Security Agreement (Genesisintermedia Com Inc)
Special Provisions Relating to Stock Collateral. (a) So long as no Event of Default shall have occurred and be continuing, the Debtor Obligor shall have the right to exercise all voting, consensual and other powers of ownership pertaining to the Stock Collateral for all purposes not inconsistent with the terms of any Basic Document, provided that the Debtor Obligor agrees that it will not vote the Stock Collateral in any manner that is inconsistent with the terms of any Basic Document; and the Secured Party Trustee shall, at the DebtorObligor's expense, execute and deliver to the Debtor Obligor or cause to be executed and delivered to the Debtor Obligor all such proxies, powers of attorney, dividend and other orders and other instruments, without recourse, as the Debtor Obligor may reasonably request for the purpose of enabling the Debtor Obligor to exercise the rights and powers which it is entitled to exercise pursuant to this Section 2.06(a2.05(a).
Appears in 2 contracts
Samples: Pledge Agreement (Physicians Clinical Laboratory Inc), Pledge Agreement (Nu Tech Bio Med Inc)
Special Provisions Relating to Stock Collateral. (a) So long as no Event of Default shall have has occurred and be is continuing, the Debtor Obligor shall have the right to exercise all voting, consensual and other powers of ownership pertaining to the Stock Collateral for all purposes not inconsistent with the terms of any Basic Document, provided that the Debtor agrees that it will Obligor -------- shall not vote the Stock Collateral in any manner that is inconsistent with the terms of any Basic Document; and the Secured Party shallwill, at the DebtorObligor's expense, execute and deliver to the Debtor Obligor or cause to be executed and delivered to the Debtor Obligor all such proxies, powers of attorney, dividend and other orders and other instruments, without recourse, as the Debtor Obligor may reasonably request for the purpose of enabling the Debtor Obligor to exercise the rights and powers which that it is entitled to exercise pursuant to this Section 2.06(a2.05(a).
Appears in 1 contract
Special Provisions Relating to Stock Collateral. (a) So long as no Event of Default shall have occurred and be continuing, the Debtor Obligor shall have the right to exercise all voting, consensual and other powers of ownership pertaining to the Stock Collateral for all purposes not inconsistent with the terms of any Basic Document, provided that the Debtor Obligor agrees that it will not vote the Stock Collateral in any manner that is inconsistent with the terms of any Basic Document; and the Secured Party Agent shall, at the DebtorObligor's expense, execute and deliver to the Debtor Obligor or cause to be executed and delivered to the Debtor Obligor all such proxies, powers of attorney, dividend and other orders and other instruments, without recourse, as the Debtor Obligor may reasonably request for the purpose of enabling the Debtor Obligor to exercise the rights and powers which it is entitled to exercise pursuant to this Section 2.06(a2.5(a).
Appears in 1 contract
Samples: Pledge Agreement (Physicians Clinical Laboratory Inc)