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

Voting, Dividend and Distribution Rights. At the option of Secured Party and upon written notice to the Debtor, all rights of the Debtor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to Section 4.1 above, and to receive the dividends and distributions which it would otherwise be authorized to receive and retain pursuant to Section 4.2 above, shall cease, and all such rights shall thereupon become vested in Secured Party, which shall thereupon 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 Secured Party and upon exercised by written notice to the DebtorDebtors, all rights of the Debtor Debtors to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to Section 4.1 18.1.1, above, and to receive the dividends and distributions which it would otherwise be authorized to receive and retain pursuant to Section 4.2 18.1.2, above, shall cease, and all such rights shall thereupon become vested in Secured Party, which who shall thereupon 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 Secured Party and upon exercised by written notice to the Debtor, all rights of the Debtor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to Section 4.1 19.1.1, above, and to receive the dividends and distributions which it would otherwise be authorized to receive and retain pursuant to Section 4.2 19.1.2, above, shall cease, and all such rights shall thereupon become vested in Secured Party, which who shall thereupon 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.