Common use of Voting and Other Rights in Respect of Pledged Interests Clause in Contracts

Voting and Other Rights in Respect of Pledged Interests. (a) Upon the occurrence and during the continuation of an Event of Default, (i) Collateral Trustee may, at its option, and with two (2) Business Days prior notice to any Grantor, and in addition to all rights and remedies available to Collateral Trustee under any other agreement, at law, in equity, or otherwise, exercise all voting rights, or any other ownership or consensual rights (including any dividend or distribution rights) in respect of the Pledged Interests owned by such Grantor, but under no circumstances is Collateral Trustee obligated by the terms of this Agreement to exercise such rights, and (ii) if Collateral Trustee duly exercises its right to vote any of such Pledged Interests, each Grantor hereby appoints Collateral Trustee, such Grantor’s true and lawful attorney-in-fact and IRREVOCABLE PROXY to vote such Pledged Interests in any manner Collateral Trustee deems advisable for or against all matters submitted or which may be submitted to a vote of shareholders, partners or members, as the case may be. The power-of-attorney and proxy granted hereby is coupled with an interest and shall be irrevocable.

Voting and Other Rights in Respect of Pledged Interests. (a) Upon Subject to the terms of the Intercreditor Agreement, upon the occurrence and during the continuation of an Event of Default, (i) Notes Collateral Trustee Agent may, at its option, and with two (2) Business Days prior notice to any Grantor, and in addition to all rights and remedies available to Notes Collateral Trustee Agent under any other agreement, at law, in equity, or otherwise, exercise all voting rights, or any other ownership or consensual rights (including any dividend or distribution rights) in respect of the Pledged Interests constituting Collateral owned by such Grantor, but under no circumstances is Notes Collateral Trustee Agent obligated by the terms of this Agreement to exercise such rights, and (ii) if Notes Collateral Trustee Agent duly exercises its right to vote any of such Pledged Interests, each Grantor hereby appoints Notes Collateral TrusteeAgent, such Grantor’s true and lawful attorney-in-fact and IRREVOCABLE PROXY to vote such Pledged Interests in any manner Notes Collateral Trustee Agent deems advisable for or against all matters submitted or which may be submitted to a vote of shareholders, partners or members, as the case may be. The power-of-attorney and proxy granted hereby is coupled with an interest and shall be irrevocable.

Voting and Other Rights in Respect of Pledged Interests. (a) Upon the occurrence and during the continuation of an Event of Default, (i) the Collateral Trustee Agent may, at its option, and with two three (23) Business Days prior notice to any Grantor, and in addition to all rights and remedies available to the Collateral Trustee Agent hereunder or under any other agreement, at law, in equity, or otherwise, exercise all voting rights, or any other ownership or consensual rights (including any dividend or distribution rights) in respect of the Pledged Interests owned by such Grantor, but under no circumstances is the Collateral Trustee Agent obligated by the terms of this Agreement to exercise such rights, and (ii) if the Collateral Trustee Agent duly exercises its right to vote any of such Pledged Interests, each Grantor hereby appoints the Collateral TrusteeAgent, such Grantor’s true and lawful attorney-in-fact and IRREVOCABLE PROXY to vote such Pledged Interests in any manner the Collateral Trustee Agent deems advisable for or against all matters submitted or which may be submitted to a vote of shareholders, partners or members, as the case may be. The power-of-attorney and proxy granted hereby is coupled with an interest and shall be irrevocableirrevocable and shall automatically terminate upon termination of this Agreement.

Voting and Other Rights in Respect of Pledged Interests. (a) Upon the occurrence and during the continuation of an Event of Default, (i) the Collateral Trustee Agent may, at its option, and with two (2) Business Days prior notice to any GrantorGrantor including details of the Event of Default, and in addition to all rights and remedies available to the Collateral Trustee Agent hereunder or under any other agreement, at law, in equity, or otherwise, exercise all voting rights, or any other ownership or consensual rights (including any dividend or distribution rights) in respect of the Pledged Interests owned by such Grantor, but under no circumstances is the Collateral Trustee Agent obligated by the terms of this Agreement to exercise such rights, and (ii) if the Collateral Trustee Agent duly exercises its right to vote any of such Pledged Interests, each Grantor hereby appoints the Collateral Trustee, Agent as such Grantor’s true and lawful attorney-in-fact and IRREVOCABLE PROXY to vote such Pledged Interests in any manner the Collateral Trustee Agent deems advisable for or against all matters submitted or which may be submitted to a vote of shareholders, partners or members, as the case may be. The power-of-attorney and proxy granted hereby is coupled with an interest and shall be irrevocableirrevocable and shall automatically terminate upon termination of this Agreement.