Common use of Voting, Dividend and Distribution Rights Clause in Contracts

Voting, Dividend and Distribution Rights. At the option of the Subordinated Secured Parties, all rights of Grantor to exercise the voting and other consensual rights which they would otherwise be entitled to exercise pursuant to Section 6.1 above, and to receive the dividends and distributions which they would otherwise be authorized to receive and retain pursuant to Section 6.2 above, shall cease, and all such rights thereupon shall become vested in the Subordinated Secured Parties which thereupon shall have the sole right to exercise such voting and other consensual rights and to receive and to hold as pledged Collateral such dividends and distributions.

Voting, Dividend and Distribution Rights. At the option of the Subordinated Secured Parties, all rights of Grantor Grantors to exercise the voting and other consensual rights which they would otherwise be entitled to exercise pursuant to Section 6.1 above, and to receive the dividends and distributions which they would otherwise be authorized to receive and retain pursuant to Section 6.2 above, shall cease, and all such rights thereupon shall become vested in the Subordinated Secured Parties which thereupon shall have the sole right to exercise such voting and other consensual rights and to receive and to hold as pledged Collateral such dividends and distributions.

Voting, Dividend and Distribution Rights. At the option of the Subordinated Secured Parties, all rights of a Grantor to exercise the voting and other consensual rights which they it would otherwise be entitled to exercise pursuant to Section 6.1 8(a) above, and to receive the dividends and distributions which they it would otherwise be authorized to receive and retain pursuant to Section 6.2 8(b) above, shall cease, and all such rights thereupon shall become vested in the Subordinated Secured Parties which thereupon shall have the sole right to exercise such voting and other consensual rights and to receive and to hold as pledged Collateral such dividends and distributions.

Voting, Dividend and Distribution Rights. At the option of the Subordinated Secured PartiesParty, all rights of Grantor to exercise the voting and other consensual rights which they would otherwise be entitled to exercise pursuant to Section 6.1 above, and to receive the dividends and distributions which they would otherwise be authorized to receive and retain pursuant to Section 6.2 above, shall cease, and all such rights thereupon shall become vested in the Subordinated Secured Parties Party which thereupon shall have the sole right to exercise such voting and other consensual rights and to receive and to hold as pledged Collateral such dividends and distributions.

Voting, Dividend and Distribution Rights. At the option of the Subordinated Secured PartiesParty, all rights of the Grantor to exercise the voting and other consensual rights which they it would otherwise be entitled to exercise pursuant to Section 6.1 5.1 above, and to receive the dividends and distributions which they it would otherwise be authorized to receive and retain pursuant to Section 6.2 5.2 above, shall ceasecease upon one day's prior written notice to the Grantor, and all such rights shall thereupon shall become vested in the Subordinated Secured Parties which Party who shall thereupon shall have the sole right to exercise such voting and other consensual rights and to receive and to hold as pledged Collateral such dividends and distributionsdistributions to be held in the Cash Collateral Account in accordance with the provisions of the Indenture.

Voting, Dividend and Distribution Rights. At the option of the Subordinated Secured PartiesParty, all rights of Grantor to exercise the voting and other consensual rights which they it would otherwise be entitled to exercise pursuant to Section 6.1 10.1 above, and to receive the dividends and distributions which they it would otherwise be authorized to receive and retain pursuant to Section 6.2 10.2 above, shall cease, and all such rights thereupon shall become vested in the Subordinated Secured Parties Party which thereupon shall have the sole right to exercise such voting and other consensual rights and to receive and to hold as pledged Collateral such dividends and distributions.

Voting, Dividend and Distribution Rights. At the option of the Subordinated ----------------------------------------- Secured PartiesParty, all rights of Grantor to exercise the voting and other consensual rights which they it would otherwise be entitled to exercise pursuant to Section 6.1 10.1 above, and to receive the dividends and distributions which they it would otherwise be authorized to receive and retain pursuant to Section 6.2 10.2 above, shall cease, and all such rights thereupon shall become vested in the Subordinated Secured Parties Party which thereupon shall have the sole right to exercise such voting and other consensual rights and to receive and to hold as pledged Collateral such dividends and distributions.

Voting, Dividend and Distribution Rights. At the option ----------------------------------------- of the Subordinated Secured PartiesParty, all rights of Grantor to exercise the voting and other consensual rights which they it would otherwise be entitled to exercise pursuant to Section 6.1 10.1 above, and to receive the dividends and distributions which they it would otherwise be authorized to receive and retain pursuant to Section 6.2 10.2 above, shall cease, and all such rights thereupon shall become vested in the Subordinated Secured Parties Party which thereupon shall have the sole right to exercise such voting and other consensual rights and to receive and to hold as pledged Collateral such dividends and distributions.

Voting, Dividend and Distribution Rights. At Upon notice from Secured Party to the option of the Subordinated Secured PartiesGrantors, all rights of each Grantor to exercise the voting and other consensual rights which they it would otherwise be entitled to exercise pursuant to Section 6.1 5(a) above, and to receive the dividends and distributions which they it would otherwise be authorized to receive and retain pursuant to Section 6.2 5(b) above, shall cease, and all such rights shall thereupon shall become vested in the Subordinated Secured Parties which Party who shall thereupon shall have the sole right to exercise such voting and other consensual rights and to receive and to hold as pledged Pledged Collateral such dividends and distributionsdistributions during the continuance of such Event of Default.

Voting, Dividend and Distribution Rights. At the option of the Subordinated Secured PartiesParty, all rights of the Grantor to exercise the voting and other consensual rights which they it would otherwise be entitled to exercise pursuant to Section 6.1 10.1 above, and to receive the dividends and distributions which they it would otherwise be authorized to receive and retain pursuant to Section 6.2 10.2 above, shall cease, and all such rights thereupon shall become vested in the Subordinated Secured Parties Party which thereupon shall have the sole right to exercise such voting and other consensual rights and to receive and to hold as pledged Collateral such dividends and distributions.

Voting, Dividend and Distribution Rights. At the option of the Subordinated Secured PartiesLender, all rights of any Grantor to exercise the voting and other consensual rights which they it would otherwise be entitled to exercise pursuant to Section 6.1 6(a) above, and to receive the dividends and distributions which they it would otherwise be authorized to receive and retain pursuant to Section 6.2 6(b) above, shall cease, and all such rights shall thereupon shall become vested in the Subordinated Secured Parties which Lender who shall thereupon shall have the sole right to exercise such voting and other consensual rights and to receive and to hold as pledged Pledged Collateral such dividends and distributions.