Common use of Termination of Voting Rights Clause in Contracts

Termination of Voting Rights. At any time when any Grantor is in default under this Agreement as set forth in Section 4.1, Secured Party may terminate any or all of each Grantor's voting rights with respect to any or all Equity Interests constituting Collateral, either by giving written notice of such termination to the Borrower or by transferring such Equity Interests into Secured Party's name, and Secured Party shall thereupon have the sole right and power to exercise such voting rights.

Termination of Voting Rights. At any time when any Grantor is in default under this Agreement as set forth in Section subsection 4.1, and subject to the security interest granted under the Ascend Note to the extent such security interest is perfected and not avoided, Secured Party may terminate any or all of each Grantor's voting rights with respect to any or all Equity Interests Capital Stock constituting Collateral, either by giving written notice of such termination to the Borrower Grantor or by transferring such Equity Interests Capital Stock into Secured Party's name, and Secured Party shall thereupon have the sole right and power to exercise such voting rights.

Termination of Voting Rights. At any time when any Grantor is in default under this Agreement as set forth in Section 4.1, Secured Party may terminate any or all of each Grantor's voting rights with respect to any or all Equity Interests constituting Collateral, either by giving written notice of such termination to the Borrower Grantor or by transferring such Equity Interests into Secured Party's name, and Secured Party shall thereupon have the sole right and power to exercise such voting rights.. SECTION MAINTENANCE OF COLLATERAL

Termination of Voting Rights. At any time when any Grantor is in default under this Agreement as set forth in Section 4.1, Secured Party may terminate any or all of each Grantor's voting rights with respect to any or all Equity Interests constituting Collateral, either by giving written notice of such termination to the Borrower Grantor or by transferring such Equity Interests into Secured Party's name, and Secured Party shall thereupon have the sole right and power to exercise such voting rights.

Termination of Voting Rights. At any time when any Grantor is in default under this Agreement as set forth in Section subsection 4.1, Secured Party may terminate any or all of each Grantor's voting rights with respect to any or all Equity Interests Captial Stock constituting Collateral, either by giving written notice of such termination to the Borrower or by transferring such Equity Interests Capital Stock into Secured Party's name, and Secured Party shall thereupon have the sole right and power to exercise such voting rights.