Common use of VOTING, ETC 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 any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; 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 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 Other Hedging Agreement, if such Interest Rate Protection Agreement or Other Hedging Agreement constitutes a Guaranteed Obligation of the Borrower, (collectively, the "Secured Debt Agreements"), or which would have the effect of materially or adversely impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral. All such rights of 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 Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Information Holdings 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, Default and (except to the extent an Event of Default as specified in Section 9.05 of the Credit Agreement has occurred) each Pledgor shall be entitled to exercise all voting rights attaching to any and all voting and other consensual rights pertaining to the Collateral Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof; PROVIDED, that, in each case, provided that no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be 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, Agreement any other Credit Document or any Secured Interest Rate Protection Agreement or Other Hedging Agreement, if such Interest Rate Protection Agreement or Other Hedging Agreement constitutes a Guaranteed Obligation of the Borrower, (collectively, the "Secured Debt Agreements"), or which would have the effect of materially or adversely impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateraltherein. All such rights of each such Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred shall occur and is continuing, be continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Credit Agreement (Hosiery Corp of America Inc)

VOTING, ETC. WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each Default and (except to the extent an Event of Default as specified in Section 9.05 of the Credit Agreement has occurred) the Pledgor shall be entitled to exercise all voting rights attaching to any and all voting and other consensual rights pertaining to the Collateral Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof; PROVIDED, that, in each case, provided that no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be 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 or any Secured Interest Rate Protection Agreement or Other Hedging Agreement, if such Interest Rate Protection Agreement or Other Hedging Agreement constitutes a Guaranteed Obligation of the Borrower, (collectively, the "Secured Debt Agreements"), or which would have the effect of materially or adversely impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateraltherein. All such rights of each such Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred shall occur and is continuing, be continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Credit Agreement (Hosiery Corp of America Inc)

VOTING, ETC. WHILE NO EVENT OF DEFAULT. Unless and until there an Event of Default shall have occurred and be continuing an Event and written notice thereof shall be given by the Pledgee to the relevant Pledgor (provided that if any of Defaultthe Defaults specified in Section 9.05 of the Credit Agreement shall occur, no such notice should be required), each Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by it, it and to give consents, waivers or ratifications in respect thereof; PROVIDEDprovided, that, in each case, that no vote shall be cast or any consent, waiver or ratification given or any 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 Other Hedging Agreement, if such Interest Rate Protection Agreement or Other Hedging Agreement constitutes a Guaranteed Obligation of the Borrower, (collectively, the "Secured Debt Agreements"), or which would have the effect of materially or adversely impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the CollateralCreditor. All such rights of each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred shall occur and is be continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Credit Agreement (Firstlink Communications Inc)

VOTING, ETC. WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of DefaultDefault (or a Default under Section 9.04(b) of the DIP Credit Agreement), each Pledgor shall be entitled to exercise all voting rights attaching to any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; PROVIDED, that, in each case, thereof provided that no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be 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 DIP Credit Agreement, any other DIP Credit Document or any Interest Rate Protection Agreement or Other Hedging Agreement, if such Interest Rate Protection Agreement or Other Hedging Agreement constitutes a Guaranteed Obligation of the Borrower, (collectively, the "Secured Debt Agreements"), or which would have the effect of materially or adversely impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateraltherein. All such rights of each a Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred (or a Default under Section 9.04(b) of the DIP Credit Agreement) shall occur and is continuing, be continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Credit Agreement (Philip Services Corp)

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 any and all voting and other consensual rights pertaining to and attaching to any and all of the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; PROVIDED, 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 in any material respect, result in a breach of any covenant contained in, or be inconsistent with any of the terms of this Agreementany Loan Document, the Credit Agreement, any other Credit Document or any Interest Rate Protection Agreement or Other Hedging Agreement, if such Interest Rate Protection Agreement or Other Hedging Agreement constitutes which could reasonably be expected to have a Guaranteed Obligation of the Borrower, Material Adverse Effect (collectively, the "Secured Debt Agreements"“Voting Rights”), or which would have the effect of materially or adversely impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral. All such rights of each the 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 have given notice to the 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 is be continuing, ) and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Credit Agreement (Strategic Hotels & Resorts, 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 any and all voting and other consensual rights pertaining to and attaching to any and all of the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; PROVIDED, 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 in any material respect, result in a breach of any covenant contained in, or be inconsistent with any of the terms of this Agreementany Loan Document, the Credit Agreement, any other Credit Document or any Interest Rate Protection Agreement or Other Hedging Agreement, if such Interest Rate Protection Agreement or Other Hedging Agreement constitutes which could reasonably be expected to have a Guaranteed Obligation of the Borrower, Material Adverse Effect (collectively, the "Secured Debt Agreements"“Voting Rights”), or which would have the effect of materially or adversely impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral. All such rights of 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 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 is be continuing, ) and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Credit Agreement (Strategic Hotels & Resorts, Inc)

VOTING, ETC. WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of DefaultDefault (or a Default under Section 10.05 of the Credit Agreement), each Pledgor shall be entitled to exercise all voting rights attaching to any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; PROVIDED, that, in each case, thereof provided that no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be 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 or any Interest Rate Protection Agreement or Other Hedging Agreement, if such Interest Rate Protection Agreement or Other Hedging Agreement constitutes a Guaranteed Obligation of the Borrower, Agreements (collectively, the "Secured Debt Agreements"), or which would have the effect of materially or adversely impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateraltherein. All such rights of each a Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred (or a Default under Section 10.05 of the Credit Agreement) shall occur and is continuing, 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 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 pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; PROVIDED, 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 violate, result in a breach of any covenant contained in, 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 Other Hedging Agreement, if such Interest Rate Protection Agreement or Other Hedging Agreement constitutes a Guaranteed Obligation of the Borrower, (collectively, the "Secured Debt Agreements")Agreement, or which would could reasonably be expected to have the effect of materially or adversely impairing the value of the Collateral or any part thereof thereof, or in a manner adverse to the position or interests of the Pledgee or any other Secured Creditor in the Collateral, unless expressly permitted by the terms of the Secured Debt Agreements. All such rights of each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred and is continuing (provided that no such notice shall be required if any Event of Default under Section 12.05 of the Credit Agreement has occurred and is continuing), and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (STG Group, Inc.)

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