Common use of VOTING, ETC., WHILE NO EVENT OF DEFAULT Clause in Contracts

VOTING, ETC., WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each Pledgor shall be entitled to exercise all voting and other rights attaching to any and all Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof, provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate, result in breach of any covenant contained in, or be inconsistent with, any of the terms of this Agreement, the Credit Agreement or any other Loan Document, or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Administrative Agent or any other Secured Party therein. All such rights of a Pledgor to vote and to give consents, waivers and ratifications shall cease upon the occurrence and during the continuance of an Event of Default, whereupon Section 7 hereof shall become applicable.

Appears in 4 contracts

Samples: Credit Agreement (American Residential Properties, Inc.), Credit Agreement (American Residential Properties, Inc.), Pledge and Security Agreement (Colony Financial, Inc.)

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VOTING, ETC., WHILE NO EVENT OF DEFAULT. Unless Notwithstanding --------------------------------------- anything to the contrary contained herein, unless and until there an Event of Default shall have occurred and be continuing an Event of Defaultcontinuing, each Pledgor shall be entitled to exercise any and all voting and other consensual rights attaching pertaining to any and all the Pledged Securities owned by it, Equity Ownership Interests and to give consents, waivers or ratifications in respect thereof, ; provided that no vote shall be cast or not -------- cast or any consent, waiver or ratification given or not given or any action taken or not taken which would violate, result in breach of any covenant contained in, violate or be inconsistent with, with any of the terms of this Agreement, the Credit Agreement or any other Loan Guaranteed Document, or which would have the effect of materially impairing the value of the Collateral or any part thereof or the position or interests of the Administrative Collateral Agent or any other Secured Party thereinCreditor. All such rights of a such Pledgor to vote and to give consents, waivers and ratifications shall cease upon the occurrence and during the continuance of in case an Event of DefaultDefault shall occur and be continuing, whereupon and Section 7 3.10 hereof shall become applicable.

Appears in 2 contracts

Samples: Increasing Rate Note Purchase and Loan Agreement (Wyndham International Inc), Credit Agreement (Wyndham International Inc)

VOTING, ETC., WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each Pledgor shall be entitled to exercise any and all voting and other consensual rights attaching pertaining to any and all Pledged Securities the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; provided that, provided that in each case, no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate, result in breach of any covenant contained in, violate or be inconsistent with, with any of the terms of this any Secured Debt Agreement, the Credit Agreement or any other Loan Document, or which would could reasonably be expected to have the effect of impairing in any material respect the value of the Collateral or any part thereof or the position or interests of the Administrative Agent Pledgee or any other Secured Party thereinCreditor in the Collateral unless expressly permitted by the terms of the Secured Debt Agreements. All such rights of a each Pledgor to vote and to give consents, waivers and ratifications shall cease upon the occurrence and during the continuance of in case an Event of DefaultDefault has occurred and is continuing, whereupon and Section 7 hereof shall become applicable.

Appears in 2 contracts

Samples: Credit Agreement (Manitowoc Foodservice, Inc.), Escrow Agreement (Manitowoc Foodservice, Inc.)

VOTING, ETC., WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each Pledgor shall be entitled to exercise all voting and other rights attaching to any and all Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof, provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate, result in breach of any covenant contained in, or be inconsistent with, any of the terms of this Agreement, the Credit Agreement Agreement, any other Credit Document or any other Loan DocumentSecured Interest Rate Agreement (collectively, the “Secured Debt Agreements”), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Administrative Agent Pledgee or any other Secured Party Creditor therein. All such rights of a Pledgor to vote and to give consents, waivers and ratifications shall cease upon the occurrence and during the continuance of in case an Event of Default, whereupon Default shall occur and be continuing and Section 7 hereof shall become applicable.

Appears in 2 contracts

Samples: Pledge Agreement (Fairpoint Communications Inc), Pledge Agreement (Fairpoint Communications Inc)

VOTING, ETC., WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each Pledgor shall be entitled to exercise all voting and other rights attaching to any and all Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof, provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate, result in breach of any covenant contained in, or be inconsistent with, any of the terms of this Agreement, the Credit Agreement or Agreement, any other Loan Document, any Secured Hedge Agreement or any Secured Cash Management Agreement (collectively, the “Secured Debt Agreements”), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Administrative Agent or any other Secured Party therein. All such rights of a Pledgor to vote and to give consents, waivers and ratifications shall cease upon the occurrence and during the continuance of an Event of Default, whereupon Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Fairpoint Communications Inc)

VOTING, ETC., WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each Pledgor shall be entitled to exercise exercise, as it shall think fit, all voting and other rights attaching to any and all Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof, provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate, result in breach of any covenant contained in, or be inconsistent with, any of the terms of this Agreement, the Credit Agreement or any other Loan Document, or which would have the effect of impairing the value of the Collateral or any part thereof or the position or security interests of the Administrative Agent or any other Secured Party thereinin the Collateral or the priority thereof. All such rights of a Pledgor to vote and to give consents, waivers and ratifications shall cease upon the occurrence and during the continuance of an Event of Default, whereupon Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Corporate Property Associates 16 Global Inc)

VOTING, ETC., WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each the Pledgor shall be entitled to exercise all voting and other rights attaching to any and all Pledged Securities Membership Interests owned by it, and to give consents, waivers or ratifications in respect thereof, provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate, result in breach of any covenant contained in, or be inconsistent with, any of the terms of this Agreement, the Credit Agreement or any other Loan Document, or which would have the effect of materially impairing the value of the Collateral or any part thereof or the position or interests security interest of the Administrative Agent or any other Agent, for the benefit of the Secured Party Parties, therein. All such rights of a the Pledgor to vote and to give consents, waivers and ratifications shall cease upon the occurrence and during the continuance of an Event of Default, whereupon Section 7 hereof of this Agreement shall become applicable.

Appears in 1 contract

Samples: Credit Agreement (Starwood Property Trust, Inc.)

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VOTING, ETC., WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each Pledgor shall be entitled to exercise all voting and other rights attaching to any and all Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof, provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate, result in breach of any covenant contained in, or be inconsistent with, any of the terms of this Agreement, the Credit Agreement or any other Loan DocumentCredit Document , or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Administrative Agent Pledgee or any other Secured Party Creditor therein. All such rights of a Pledgor to vote and to give consents, waivers and ratifications shall cease upon the occurrence and during the continuance of in case an Event of Default, whereupon Default shall occur and be continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Fairpoint Communications Inc)

VOTING, ETC., WHILE NO EVENT OF DEFAULT. Unless and until there an Event of Default shall have occurred and be continuing an Event of Defaultcontinuing, each Pledgor the Company shall be entitled to exercise all voting and other rights attaching to any and all Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof, ; provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate, result in a breach of any covenant contained in, or be materially inconsistent with, any of the terms of this Agreement, the Credit Purchase Agreement or any other Loan Transaction Document, or which would have the effect of materially impairing the value of the Collateral or any part thereof or the position or interests of the Administrative Agent Lender or any other Secured Party Lender therein. All such rights of a Pledgor Company to vote and to give consents, waivers and ratifications shall cease upon the occurrence and during the continuance of in case an Event of Default, whereupon Default shall occur and be continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Sagent Technology Inc)

VOTING, ETC., WHILE NO EVENT OF DEFAULT. Unless and until there an Event of Default shall have occurred and be continuing an Event of Defaultcontinuing, each Pledgor shall be entitled to exercise all voting and other rights attaching to any and all Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof, ; provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate, result in a breach of any covenant contained in, or be materially inconsistent with, any of the terms of this Agreement, the Credit Agreement or any other Loan DocumentOther Document (collectively, the “Secured Debt Agreements”), or which would have the effect of materially impairing the value of the Collateral or any part thereof or the position or interests of the Administrative Agent Pledgee or any other Secured Party Creditor therein. All such rights of a Pledgor to vote and to give consents, waivers and ratifications shall cease upon the occurrence and during the continuance of in case an Event of Default, whereupon Default shall occur and be continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Merisel Inc /De/)

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