VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless and until an Event of Default shall have occurred and be continuing, each Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgor, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; provided, that no vote shall be cast or any consent, waiver or ratification given or any other action taken which would violate or be inconsistent with any of the terms of this Agreement or any other Secured Debt Agreement (as defined in Section 7 hereof), or which would have the effect of impairing the rights, priorities or remedies of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreement. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all such rights of such Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur and be continuing, and Section 7 hereof shall become applicable.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Host Hotels & Resorts, Inc.), Pledge and Security Agreement (Host Marriott L P), Pledge and Security Agreement (Host Marriott Corp/)
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless (a) Unless and until an Event of Default shall have occurred and be continuingcontinuing under the Indenture, each Pledgor AETG, the Company and the Restricted Subsidiaries shall be entitled to (i) exercise receive all cash dividends, interest and other payments made upon or with respect to the Securities and (ii) vote any and all voting and other consensual rights pertaining to of the Pledged Stock Securities and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgor, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereofthereof; provided, that no vote shall be cast or any consent, waiver or ratification given or any other action taken which that would violate or be inconsistent with any of the terms of this Security Agreement, the Purchase Agreement or the Indenture or any other Secured Debt Agreement (as defined in Section 7 hereof)instrument or agreement relating to the Obligations, or which that would have the effect of impairing the rights, priorities position or remedies interests of the Pledgee Secured Party hereunder or thereunder or that would authorize or effect actions prohibited under the terms of this Security Agreement, the Purchase Agreement, the Indenture or any other Secured Creditor under this Agreement instrument or agreement relating to the Obligations. Upon the occurrence and during the continuance of any other Secured Debt Agreement. Except in the case Event of ULC Shares which remain registered in the name of the PledgorDefault, all such rights of such Pledgor to vote and to give consents, waivers and ratifications shall cease in case upon notice from the Secured Party. AETG, the Company and each Restricted Subsidiary hereby grants to the Secured Party an irrevocable proxy to vote the Securities, which proxy shall be effective immediately upon the occurrence and during the continuance of an Event of Default. After the occurrence and during the continuance of an Event of Default shall occur and be continuingupon request of the Secured Party, AETG, the Company and Section 7 hereof shall become applicableeach Restricted Subsidiary agree to deliver to the Secured Party such further evidence of such irrevocable proxy or such further irrevocable proxies to vote the Securities as the Secured Party may request.
Appears in 2 contracts
Samples: Security and Pledge Agreement (Atlantic Express Transportation Corp), Security and Pledge Agreement (Atlantic Express Transportation Corp)
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until an Event of Default there shall have occurred and be continuingcontinuing an Event of Default and the Pledgee shall instruct the Pledgors otherwise (in writing), each Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgorthereof; provided that, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedcase, that no vote shall be cast or any consent, waiver or ratification given or any other action taken or omitted to be taken which would violate violate, result in a breach of any covenant contained in, or be inconsistent with any of the terms of this Agreement or any other Secured Debt Agreement (as defined in Section 7 hereof)Agreement, or which would could reasonably be expected to have the effect of impairing the rights, priorities value of the Collateral or remedies any part thereof or the position or interests of the Pledgee or any other Secured Creditor under this Agreement or any other in the Collateral, unless expressly permitted by the terms of the Secured Debt AgreementAgreements. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur has occurred and be continuingis continuing and the Pledgee has notified the Pledgors (in writing) that such rights have ceased, and Section 7 hereof shall become applicable.
Appears in 2 contracts
Samples: Pledge Agreement (Lee Enterprises, Inc), Pledge Agreement (Lee Enterprises, Inc)
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless and until an Event of Default shall have occurred and be continuing, each Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement constitutive document or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement constitutive document or otherwise with respect to the Pledged Partnership Interests of such Pledgor, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E3.1(a)(ii)(E) and 3.1(a)(v)(E3.1(a)(iii)(E) hereof; provided, provided that no vote shall be cast or any consent, waiver or ratification given or any other action taken which would violate or be inconsistent with any of the terms of this Agreement or any other Secured Debt Agreement Document (as defined in Section 7 6 hereof), or which would have the effect of impairing the rights, priorities or remedies of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreement. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur and be continuing, and Section 7 6 hereof shall become applicable.
Appears in 2 contracts
Samples: Pledge and Security Agreement (LaSalle Hotel Properties), Pledge and Security Agreement (LaSalle Hotel Properties)
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until an Event of Default there shall have occurred and be continuingcontinuing an Event of Default, each Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all votingthereof; provided, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgorthat, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedcase, that no vote shall be cast or any consent, waiver or ratification given or any other action taken or omitted to be taken which would violate violate, result in breach of any covenant contained in, or be inconsistent with any of the terms of this Agreement or Agreement, the Credit Agreement, any other Loan Document, any Secured Hedging Agreements entitled to the benefits of this Agreement (collectively, the "Secured Debt Agreement (as defined in Section 7 hereofAgreements"), or which would have the effect of materially impairing the rights, priorities value of the Collateral or remedies any part thereof or the position or interests of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreement. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all Collateral. All such rights of such each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur has occurred and be is continuing, and Section 7 hereof shall become applicable.
Appears in 2 contracts
Samples: Pledge Agreement (Dominos Inc), Pledge Agreement (Dominos Inc)
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until an Event of Default there shall have occurred and be continuingcontinuing an Event of Default (or a Default under Section 9.1(e) of the Credit Agreement (or, after all First Lien Obligations have been paid in full in cash in accordance with the terms thereof, all Commitments under the Credit Agreement have been terminated and all Letters of Credit have been terminated or cash collateralized in a manner satisfactory to the Administrative Agent, Section 6.01(7) or 6.01(8) of the Senior Secured Notes Indenture)), each Pledgor shall be entitled to (i) exercise all voting rights attaching to any and all voting and other consensual rights pertaining to the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all votingthereof, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgor, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; provided, provided that no vote shall be cast or any consent, waiver or ratification given or any other action taken which would violate violate, result in breach of any covenant contained in, or be inconsistent with with, any of the terms of this Agreement, the Credit Agreement, any other Credit Document, any Interest Rate Agreement or any other Senior Secured Notes Document (collectively, the “Secured Debt Agreement (as defined in Section 7 hereofAgreements”), or which would have the effect of impairing the rights, priorities value of the Collateral or remedies any part thereof or the position or interests of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreementtherein. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such a Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default (or a Default under Section 9.1(e) of the Credit Agreement (or, after all First Lien Obligations have been paid in full in cash in accordance with the terms thereof, all Commitments under the Credit Agreement have been terminated and all Letters of Credit have been terminated or cash collateralized in a manner satisfactory to the Administrative Agent, Section 6.01(7) or 6.01(8) of the Senior Secured Notes Indenture)) shall occur and be continuing, continuing and Section 7 hereof shall become applicable.
Appears in 2 contracts
Samples: Pledge Agreement (Williams Scotsman International Inc), Pledge Agreement (Williams Scotsman Inc)
VOTING, ETC. WHILE NO EVENT OF DEFAULT OR SPECIFIED DEFAULT. For greater certainty, unless Unless and until an Event of Default there shall have occurred and be continuingcontinuing any Event of Default under the Second-Lien Note Indenture or a Default under Section 7.1(a) or 7.1(g) of the Second-Lien Note Indenture (each such Default, a "Specified Default"), each Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgorthereof; provided that, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedcase, that no vote shall be cast or any consent, waiver or ratification given or any other action taken or omitted to be taken which would violate violate, result in a breach of any covenant contained in, or be inconsistent with any of the terms of this Agreement or any other Secured Debt Agreement (as defined in Section 7 hereof)Agreement, or which would could reasonably be expected to have the effect of impairing the rights, priorities value of the Collateral or remedies any part thereof or the position or interests of the Pledgee or any other Secured Creditor under this Agreement or any other in the Collateral, unless expressly permitted by the terms of the Secured Debt AgreementAgreements. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur has occurred and be is continuing, and Section 7 hereof shall become applicable.
Appears in 1 contract
Samples: Pledge Agreement (RCN Corp /De/)
VOTING, ETC. WHILE NO EVENT OF SPECIFIED DEFAULT. For greater certainty, unless Unless and until an a Default under Section 10.01 or 10.05 of the Credit Agreement, any other payment default in respect of the Obligations, or any Event of Default under the Credit Agreement (with each such Default or Event of Default being herein called a "Specified Default") shall have occurred and be continuing, each Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Securities and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgor, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereofthereof; provided, that no vote shall be cast or any consent, waiver or ratification given or any other action taken which would violate or be inconsistent with any of the terms of this Agreement, any other Credit Document or any Interest Rate Protection Agreement or any other Other Hedging Agreement (collectively, the "Secured Debt Agreement (as defined in Section 7 hereofAgreements"), or which would have the effect of impairing the rights, priorities or remedies of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreement. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of a Specified Default shall occur and be continuing, and Section 7 8 hereof shall become applicable.
Appears in 1 contract
VOTING, ETC. WHILE NO NOTICED EVENT OF DEFAULT. For greater certainty, unless Unless and until an a Noticed Event of Default shall have occurred and be continuing, each the Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Shares and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgor, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereofthereof; provided, that no vote shall be cast or any consent, waiver or ratification given or any other action taken which would violate or be inconsistent with any of the terms of this Agreement or any other Secured Debt Agreement (as defined in Section 7 hereof)Credit Document, or which would have the effect of impairing the rights, priorities or remedies of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt AgreementCredit Document. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such the Pledgor to vote and to give consents, waivers and ratifications shall cease in case an a Noticed Event of Default shall occur and be continuing, and Section 7 6 hereof shall become applicable. As used herein, a "Noticed Event of Default" shall mean (i) an Event of Default with respect to any Borrower under Section 9.05 of the Credit Agreement and (ii) any other Event of Default in respect of which the Pledgee has given the Pledgor notice that such Event of Default constitutes a "Noticed Event of Default". Immediately following the occurrence of a Noticed Event of Default, the Pledgor shall give the Pledgee a signed and dated power of attorney granting the Pledgee the right to vote all of the Pledged Shares in respect of each and every future shareholders meeting.
Appears in 1 contract
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until (i) an Event of Default shall have occurred and be continuingcontinuing under Sections 6.1(1) or (2) of the Indenture or (ii) an Event of Default shall have occurred and be continuing under any other provision of the Indenture and the obligations of the Company under the Indenture and the Notes shall have been accelerated pursuant to Section 6.2 of the Indenture (either, each Pledgor a "Voting Divestiture Event"), the Company shall be entitled to (i) exercise vote any and all voting and other consensual rights pertaining to of the Pledged Stock Securities and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgor, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereofthereof; provided, that no vote shall be cast or any consent, waiver or ratification given or any other action taken which would violate or be inconsistent with any of the terms of this Security Agreement, the Purchase Agreement or the Indenture or any other instrument or agreement relating to the Secured Debt Agreement (as defined in Section 7 hereof)Obligations, or which would have the effect of impairing the rights, priorities position or remedies interests of the Pledgee Collateral Agent or any other Secured Creditor Party hereunder or thereunder or which would authorize or effect actions prohibited under the terms of this Agreement Security Agreement, the Purchase Agreement, the Indenture or any other instrument or agreement relating to the Secured Debt AgreementObligations. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such Pledgor the Company to vote and to give consents, waivers and ratifications shall cease in case the event that a Voting Divestiture Event has occurred and is continuing. The Company hereby grants to the Collateral Agent an Event irrevocable proxy to vote the Pledged Securities, which proxy shall be effective immediately upon the occurrence and during the continuance of Default shall occur and be continuing, and Section 7 hereof shall become applicable.a
Appears in 1 contract
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until (i) an Event of Default shall have occurred and be continuingcontinuing under Sections 6.1(1) or (2) of the Indenture or (ii) an Event of Default shall have occurred and be continuing under any other provision of the Indenture and the obligations of Terex under the Indenture and the Notes shall have been accelerated pursuant to Section 6.2 of the Indenture (either, a "Voting Divestiture Event"), each Pledgor Company shall be entitled to (i) exercise vote any and all voting and other consensual rights pertaining to of the Pledged Stock Securities and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgor, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereofthereof; provided, that no vote shall be cast or any consent, waiver or ratification given or any other action taken which would violate or be inconsistent with any of the terms of this Security Agreement, the Purchase Agreement or the Indenture or any other instrument or agreement relating to the Secured Debt Agreement (as defined in Section 7 hereof)Obligations, or which would have the effect of impairing the rights, priorities position or remedies interests of the Pledgee Collateral Agent or any other Secured Creditor Party hereunder or thereunder or which would authorize or effect actions prohibited under the terms of this Agreement Security Agreement, the Purchase Agreement, the Indenture or any other instrument or agreement relating to the Secured Debt AgreementObligations. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such Pledgor each Company to vote and to give consents, waivers and ratifications shall cease in case the event that a Voting Divestiture Event has occurred and is continuing. Each Company hereby grants to the Collateral Agent an Event irrevocable proxy to vote the Pledged Securities, which proxy shall be effective immediately upon the occurrence and during the continuance of Default shall occur and be continuing, and Section 7 hereof shall become applicable.a
Appears in 1 contract
Samples: Subsidiary Security and Pledge Agreement (Terex Corp)
VOTING, ETC. WHILE NO EVENT OF DEFAULTWhile No Specified Event of Default. For greater certainty, unless Unless and until an a Specified Event of Default shall have occurred and be continuingcontinuing and the Pledgee shall have notified the Pledgor that the Pledgor may no longer exercise the rights referred to below (except that no such notice shall be required in the case of an Event of Default under Section 8.05 of the New Credit Agreement with respect to the Pledgor (a "Bankruptcy Event of Default")), each the Pledgor shall be entitled to (i) exercise all voting rights attaching to any and all voting and other consensual rights pertaining to the Pledged Stock Stock, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgor, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereofthereof; provided, provided that no vote shall be cast or any consent, waiver or ratification given or any other action taken which would violate or be inconsistent with any of the terms of this Agreement the Credit Documents or any other Secured Debt Agreement (as defined in Section 7 hereof)Hedging Agreement, or which would have the effect of impairing the rights, priorities position or remedies interests of the Pledgee or any other Secured Creditor under this Agreement the Credit Documents or any other Secured Debt Hedging Agreement. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such the Pledgor to vote and to give consents, waivers and ratifications shall cease in case an a Specified Event of Default shall occur and be continuingcontinuing and, except in the case of a Bankruptcy Event of Default with respect to the Pledgor, the Pledgee shall have notified the Pledgor of such cessation, and Section 7 hereof shall become applicable.
Appears in 1 contract
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless and until an Unless there shall be continuing any Event of Default shall have occurred or any Default under SECTION 10.1.6 or 10.1.7 of the Credit Agreement (each such Event of Default and be continuingsuch Default, a "SPECIFIED DEFAULT"), each Pledgor shall be entitled to (i) exercise any and all voting rights attaching to any and other consensual rights pertaining to the Pledged Stock all Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all votingthereof; PROVIDED, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgor, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedHOWEVER, that no vote shall be cast or any consent, waiver or ratification given or any other action taken which would violate violate, result in breach of any covenant contained in, or be inconsistent with with, any of the terms of this Agreement Agreement, the Credit Agreement, any of the other Loan Documents or any other Secured Debt Interest Rate Protection Agreement (as defined in Section 7 hereofcollectively, the "SECURED DEBT AGREEMENTS"), or which would have the effect of materially impairing the rights, priorities value of the Collateral or remedies any material part thereof or the position or interests of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreementtherein. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such a Pledgor to vote and to give consents, waivers and ratifications with respect to all or any part of the Collateral owned by it shall cease in case an Event of if (a) any Specified Default shall occur and be continuing, and Section 7 hereof (b) the Pledgee shall become applicablenotify such Pledgor in writing of the Pledgee's decision to exercise such rights with respect to all or (as the case may be) such part of such Collateral.
Appears in 1 contract
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until an Event of Default shall have has occurred and be continuingcontinuing and the Pledgee shall have notified the relevant Pledgor that such Pledgor may no longer exercise the rights referred to below (except that no such notice shall be required in the case of an Event of Default specified in Section 9.05 of the Credit Agreement with respect to such Pledgor (a "Bankruptcy Event of Default")), each such Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Securities owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all votingthereof, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgor, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; provided, PROVIDED that no vote shall be cast or any consent, waiver or ratification given or any other action taken which would violate or be inconsistent with any of the terms of this Agreement any Credit Document or any other Secured Interest Rate Agreement (collectively, the "Secured Debt Agreement (as defined in Section 7 hereofAgreement"), or which would have the effect of impairing the rights, priorities position or remedies interests of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreementtherein. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such the relevant Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur and be continuingcontinuing and, except in the case of a Bankruptcy Event of Default with respect to such Pledgor, the Pledgee shall have notified such Pledgor of such cessation, and Section 7 hereof shall become applicable.
Appears in 1 contract
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until an Event of Default there shall have occurred and be continuingcontinuing an Event of Default and written notice thereof shall have been given by the Pledgee to the relevant Pledgor (provided, that if an Event of Default specified in Section 9.05 of the Credit Agreement shall occur, no such notice shall be required), each Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgorthereof; provided that, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedcase, that no vote shall be cast or any consent, waiver or ratification given or any other action taken or omitted to be taken which would violate or be inconsistent with any of the terms of this Agreement, the Credit Agreement, any other Credit Document or any Interest Rate Protection Agreement or any other Other Hedging Agreement entitled to the benefits of this Agreement (collectively, the "Secured Debt Agreement (as defined in Section 7 hereofAgreements"), or which would have the effect of impairing the rights, priorities position or remedies interests of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreement. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all Collateral. All such rights of such each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred and is continuing and written notice thereof shall occur and be continuinghave been given to the relevant Pledgor as (but only to the extent) described above in this Section 5, and Section 7 hereof shall become applicable.
Appears in 1 contract
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until an Event of Default there shall have occurred and be continuingcontinuing an Event of Default and written notice thereof shall have been given by the Pledgee to the relevant Pledgor (provided, that if an Event of Default specified in Section 9.05 of the Credit Agreement shall occur, no such notice shall be required), each Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgorthereof; provided that, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedcase, that no vote shall be cast or any consent, waiver or ratification given or any other action taken or omitted to be taken which would violate or be inconsistent with any of the terms of this Agreement, the Credit Agreement, any other Credit Document or any Interest Rate Protection Agreement or any other Other Hedging Agreement entitled to the benefits of this Agreement (collectively, the "Secured Debt Agreement (as defined in Section 7 hereofAgreements"), or which would have the effect of impairing the rights, priorities position or remedies interests of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreement. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all Collateral. All such rights of such each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred and is continuing and written notice thereof shall occur and be continuinghave been given to the relevant Pledgor as (but only to the extent) described above, and Section 7 hereof shall become applicable.
Appears in 1 contract
VOTING, ETC. WHILE NO DESIGNATED EVENT OF DEFAULT. For greater certainty, unless Unless and until an Event of Default there shall have occurred and be continuingcontinuing any Designated Event of Default, each the Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgorthereof; provided that, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedcase, that no vote shall be cast or any consent, waiver or ratification given or any other action taken or omitted to be taken which would violate violate, result in a breach of any covenant contained in, or be inconsistent with any of the terms of this Agreement or any other Secured Debt Agreement (as defined in Section 7 hereof)Agreement, or which would could reasonably be expected to have the effect of materially impairing the rights, priorities value of the Collateral or remedies any part thereof or the position or interests of the Pledgee or any other Secured Creditor under this Agreement or any other in the Collateral, unless expressly permitted by the terms of the Secured Debt AgreementAgreements. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such the Pledgor to vote and to give consents, waivers and ratifications shall cease in case an a Designated Event of Default shall occur has occurred and be is continuing, and the Pledgee chooses to exercise the rights granted to it pursuant to Section 7 hereof shall become applicablehereof.
Appears in 1 contract
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until an Event of Default there shall have occurred and be continuingcontinuing an Event of Default (or a Default under Section 9.1(e) of the Credit Agreement (or, after all First Lien Obligations have been paid in full in cash in accordance with the terms thereof, all Commitments under the Credit Agreement have been terminated and all Letters of Credit have been terminated or cash collateralized in a manner satisfactory to the Administrative Agent, Section 6.01(7) or 6.01(8) of the Senior Secured Notes Indenture)), each Pledgor shall be entitled to (i) exercise all voting rights attaching to any and all voting and other consensual rights pertaining to the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all votingthereof, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgor, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; provided, PROVIDED that no vote shall be cast or any consent, waiver or ratification given or any other action taken which would violate violate, result in breach of any covenant contained in, or be inconsistent with with, any of the terms of this Agreement, the Credit Agreement, any other Credit Document, any Interest Rate Agreement or any other Senior Secured Debt Agreement Notes Document (as defined in Section 7 hereofcollectively, the "SECURED DEBT AGREEMENTS"), or which would have the effect of impairing the rights, priorities value of the Collateral or remedies any part thereof or the position or interests of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreementtherein. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such a Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default (or a Default under Section 9.1(e) of the Credit Agreement (or, after all First Lien Obligations have been paid in full in cash in accordance with the terms thereof, all Commitments under the Credit Agreement have been terminated and all Letters of Credit have been terminated or cash collateralized in a manner satisfactory to the Administrative Agent, Section 6.01(7) or 6.01(8) of the Senior Secured Notes Indenture)) shall occur and be continuing, continuing and Section 7 hereof shall become applicable.
Appears in 1 contract
VOTING, ETC. WHILE NO EVENT OF DEFAULTWhile No Event of Default. For greater certaintySubject to the applicable Intercreditor Agreements, unless and until an Event of Default there shall have occurred and be continuingcontinuing an Event of Default and the Assignee shall instruct the Assignors otherwise (in writing), each Pledgor Assignor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgorthereof; provided that, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedcase, that no vote shall be cast or any consent, waiver or ratification given or any other action taken or omitted to be taken which would violate violate, result in a breach of any covenant contained in, or be inconsistent with any of the terms of this Agreement or any other Secured Debt Agreement (as defined in Section 7 hereof)Credit Document, or which would could reasonably be expected to have the effect of impairing the rights, priorities or remedies value of the Pledgee Pledged Collateral or any part thereof or the position or interests of the Assignee or any other Secured Creditor under this Agreement or any other Secured Debt Agreement. Except in the case of ULC Shares which remain registered in Pledged Collateral, unless expressly permitted by the name terms of the Pledgor, all Credit Documents. All such rights of such Pledgor each Assignor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur has occurred and be continuingis continuing and the Assignee has notified the Assignors (in writing) that such rights have ceased, and Section 7 Article IX hereof shall become applicable.
Appears in 1 contract
Samples: And Collateral Agreement
VOTING, ETC. WHILE NO EVENT OF DEFAULT OR SPECIFIED DEFAULT. For greater certainty, unless Unless and until an Event of Default there shall have occurred and be continuingcontinuing any Event of Default under the Credit Agreement or a Default under Section 10.01 or 10.05 of the Credit Agreement (each such Default, a “Specified Default”), each Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgorthereof; provided that, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedcase, that no vote shall be cast or any consent, waiver or ratification given or any other action taken or omitted to be taken which would violate violate, result in a breach of any covenant contained in, or be inconsistent with any of the terms of this Agreement or any other Secured Debt Agreement (as defined in Section 7 hereof)Agreement, or which would could reasonably be expected to have the effect of impairing the rights, priorities value of the Collateral or remedies any part thereof or the position or interests of the Pledgee or any other Secured Creditor under this Agreement or any other in the Collateral, unless expressly permitted by the terms of the Secured Debt AgreementAgreements. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur has occurred and be is continuing, and Section 7 hereof shall become applicable.
Appears in 1 contract
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless and until an Event of Default shall have occurred and be continuing, each Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgor, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; provided, provided that no vote shall be cast or any consent, waiver or ratification given or any other action taken which would violate or be inconsistent with any of the terms of this Agreement or any other Secured Debt Agreement (as defined in Section 7 hereof), or which would have the effect of impairing the rights, priorities or remedies of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreement. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur and be continuing, and Section 7 hereof shall become applicable.
Appears in 1 contract
Samples: Pledge and Security Agreement (Host Hotels & Resorts L.P.)
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until an Event of Default there shall have occurred and be continuingcontinuing an Event of Default (or a Default under Section 8.05 of the Credit Agreement), each the Pledgor shall be entitled to (i) exercise all voting rights attaching to any and all voting and other consensual rights pertaining to the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgor, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; provided, PROVIDED that no vote shall be cast or any consent, waiver or ratification given or any other action taken which would violate violate, result in breach of any covenant contained in, or be inconsistent with with, any of the terms of this Agreement Agreement, the Credit Agreement, any other Credit Document or any other Interest Rate Agreement (collectively, the "Secured Debt Agreement (as defined in Section 7 hereofAgreements"), or which would have the effect of impairing the rights, priorities value of the Collateral or remedies any part thereof in any material respect or the position or interests of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreementtherein. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such the Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default (or a Default under Section 8.05 of the Credit Agreement) shall occur and be continuing, continuing and Section 7 hereof shall become applicable.
Appears in 1 contract
Samples: Credit Agreement (Ceres Group Inc)
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless and until an Event of Default shall have occurred and be continuing, each Each Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgorthereof; provided that, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedcase, that no vote shall be cast or any consent, waiver or ratification given or any other action taken or omitted to be taken which would violate violate, result in a breach of any covenant contained in, or be inconsistent with any of the terms of this Agreement or any other Secured Debt Agreement (as defined in Section 7 hereof)Agreement, or which would could reasonably be expected to have the effect of impairing the rights, priorities value of the Collateral or remedies any part thereof or the position or interests of the Pledgee or any other Secured Creditor under this Agreement or any other in the Collateral, unless expressly permitted by the terms of the Secured Debt AgreementAgreements. Except in Notwithstanding the case of ULC Shares which remain registered in the name of the Pledgorforegoing, all such rights of such each Pledgor to vote and to give consents, waivers and ratifications shall cease in case either (x) an Event of Default shall occur under Section 11.05 of the Credit Agreement has occurred and be continuingis continuing or (y) any other Event of Default has occurred and is continuing and the Pledgee has otherwise notified Holdings or the Borrower, and Section 7 hereof shall become applicable.
Appears in 1 contract
Samples: Pledge Agreement (Town Sports International Holdings Inc)
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until an Event of Default there shall have occurred and be continuingcontinuing an Event of Default, each Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all votingthereof; PROVIDED, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgorthat, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedcase, that no vote shall be cast or any consent, waiver or ratification given or any other action taken or omitted to be taken which would violate or be inconsistent with any of the terms of this Agreement, the Credit Agreement, any other Credit Document or any Interest Rate Protection Agreement or any other Other Hedging Agreement, if such Interest Rate Protection Agreement or Other Hedging Agreement constitutes a Guaranteed Obligation of the Borrower, (collectively, the "Secured Debt Agreement (as defined in Section 7 hereofAgreements"), or which would have the effect of materially or adversely impairing the rights, priorities value of the Collateral or remedies any part thereof or the position or interests of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreement. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all Collateral. All such rights of such each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur has occurred and be is continuing, and Section 7 hereof shall become applicable.
Appears in 1 contract
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until an Event of Default there shall have occurred and be continuingcontinuing an Event of Default, each Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to and attaching to any and all of the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgorthereof; provided that, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedcase, that no vote shall be cast or any consent, waiver or ratification given or any other action taken or omitted to be taken which would violate in any material respect, result in a breach of any covenant contained in, or be inconsistent with any of the terms of this Agreement or any other Secured Debt Agreement (as defined in Section 7 hereof)Loan Document, or which would could reasonably be expected to have a Material Adverse Effect (collectively, the effect of impairing the rights, priorities or remedies of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreement“Voting Rights”). Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred, and is continuing and the Pledgee shall occur have given notice to the relevant Pledgor of its intent to exercise rights pursuant to Section 7 hereof (although no such notice shall be required if an Event of Default described in any of clauses (a) through (e) of Section 8.1.9 of the Credit Agreement shall have occurred and be continuing, ) and Section 7 hereof shall become applicable.
Appears in 1 contract
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until (i) an Event of Default shall have occurred and be continuingcontinuing and (ii) written notice thereof shall have been given by the Pledgee to the Pledgor (PROVIDED, each that if an Event of Default specified in Section 10(f) or 10(g) of the Credit Agreement shall occur, no such notice shall be required), the Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Securities and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all votingthereof, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgor, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedPROVIDED, that no vote shall be cast or any consent, waiver or ratification given or any other action taken which would violate or be inconsistent with any of the terms of this Agreement, the Credit Agreement or any other Basic Document (collectively, the "Secured Debt Agreement (as defined in Section 7 hereofAgreements"), or which would have the effect of impairing the rights, priorities position or remedies interests of the Pledgee Pledgee, except to the extent such violation, inconsistency or any other Secured Creditor under this Agreement or any other Secured Debt Agreementimpairment shall be waived in accordance with the terms of Section 19 hereof. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such the Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur and be continuing, and Section 7 hereof shall become applicable.
Appears in 1 contract
Samples: Security Agreement (Agency Com LTD)
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until an Event of Default there shall have occurred and be continuingcontinuing an Event of Default, each Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgorthereof; provided that, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedcase, that no vote shall be cast or any consent, waiver or ratification given or any other action taken or omitted to be taken which would violate violate, result in a breach of any covenant contained in, or be inconsistent with any of the terms of this Agreement or any other Secured Debt Agreement (as defined in Section 7 hereof)Credit Document, or which would could reasonably be expected to have the effect of materially impairing the rights, priorities or remedies value of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreement. Except in Collateral, taken as a whole, unless expressly permitted by the case of ULC Shares which remain registered in the name terms of the Pledgor, all Credit Documents. All such rights of such each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur has occurred and be is continuing, and Section 7 hereof shall become applicable. Unless and until there shall have occurred and be continuing an Event of Default, the Pledgee shall not deliver any instructions or orders to any issuer of Uncertificated Securities, Limited Liability Company Interests and/or Partnership Interests under any agreement entered into pursuant to Section 3.2(a)(ii) hereof.
Appears in 1 contract
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until an Event of Default there shall have occurred and be continuingcontinuing an Event of Default, each Pledgor shall be entitled to (i) exercise any and all (i) voting and other consensual rights pertaining to the Pledged Stock Securities owned by it, and to give all consents, waivers or ratifications in respect thereof thereof, and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgor; provided, that, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedcase, that no vote shall be cast or any consent, waiver or -------- ratification given or any other action taken or omitted to be taken which would violate or be inconsistent with any of the terms of this Agreement, the Credit Agreement, any other Credit Document or any Interest Rate Protection Agreement or any other Other Hedging Agreement (collectively, the "Secured Debt Agreement (as defined in Section 7 hereofAgreements"), or which would have the effect of impairing the rights, priorities value of the Collateral or remedies any part thereof or the position or interests of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt Agreement. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all Collateral. All such rights of such each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur has occurred and be is continuing, and Section 7 hereof shall become applicable.
Appears in 1 contract
VOTING, ETC. WHILE NO EVENT OF DEFAULT. For greater certainty, unless Unless and until an Event of Default there shall have occurred and be continuingcontinuing a Noticed Event of Default, each Pledgor shall be entitled to (i) exercise any and all voting and other consensual rights pertaining to the Pledged Stock Collateral owned by it, and to give all consents, waivers or ratifications in respect thereof and (ii) exercise any and all voting, consent, administration, management and other rights and remedies under (x) any limited liability company agreement or operating agreement or otherwise with respect to the Pledged Limited Liability Company Interests of such Pledgor and (y) any partnership agreement or otherwise with respect to the Pledged Partnership Interests of such Pledgorthereof; provided that, in each case together with all other rights assigned pursuant to Sections 3.1(a)(iv)(E) and 3.1(a)(v)(E) hereof; providedcase, that no vote shall be cast or any consent, waiver or ratification given or any other action taken which would violate or omitted to be inconsistent with taken in any manner that could materially and adversely affect the rights inuring to a holder of any Collateral or the rights and remedies of any of the terms of Pledgee or the Secured Creditors under this Agreement or the Credit Agreement or any other Secured Debt Agreement (as defined in Section 7 hereof), Credit Document or which would have the effect of impairing the rights, priorities or remedies ability of the Pledgee or any other Secured Creditor under this Agreement or any other Secured Debt AgreementCreditors to exercise the same. Except in the case of ULC Shares which remain registered in the name of the Pledgor, all All such rights of such each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an a Noticed Event of Default shall occur has occurred and be is continuing, and Section 7 hereof shall become applicable. As used herein, a "Noticed Event of Default" shall mean (i) an Event of Default with respect to any Assignor under clause (h), (i) or (j) of Section 11 of the Credit Agreement and (ii) any other Event of Default in respect to which the Collateral Agent has given the U.S. Borrower notice that such Event of Default constitutes a "Noticed Event of Default".
Appears in 1 contract