Common use of VOTING, ETC Clause in Contracts

VOTING, ETC. WHILE NO EVENT OF DEFAULT OR SPECIFIED DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default or a Default under (or of the type described in) Section 10.01 or 10.05 of the Credit Agreement (each such Default, a "Specified Default"), each Pledgor shall be entitled to exercise all voting rights attaching to any and all Collateral 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 any Secured Debt Agreement, or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor therein. All such rights of a Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default or a Specified Default shall occur and be continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (RPP Capital Corp)

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VOTING, ETC. WHILE NO EVENT OF DEFAULT OR SPECIFIED DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default or a and (except to the extent an Event of Default under (or of the type described in) as specified in Section 10.01 or 10.05 9.05 of the Credit Agreement (each such Default, a "Specified Default"), has occurred) each Pledgor shall be entitled to exercise all voting rights attaching to any and all Collateral 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 any other Credit Document or any Secured Interest Rate Agreement (collectively, the "Secured Debt AgreementAgreements"), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor therein. All such rights of a such Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default or a Specified Default shall occur and be continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Hosiery Corp of America Inc)

VOTING, ETC. WHILE NO EVENT OF DEFAULT OR SPECIFIED DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default or a and (except to the extent an Event of Default under (or of the type described in) as specified in Section 10.01 or 10.05 9.05 of the Credit Agreement (each such Default, a "Specified Default"), each has occurred) the Pledgor shall be entitled to exercise all voting rights attaching to any and all Collateral 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, any other Credit Document or any Secured Interest Rate Agreement (collectively, the "Secured Debt AgreementAgreements"), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor therein. All such rights of a such Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default or a Specified Default shall occur and be continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Hosiery Corp of America Inc)

VOTING, ETC. WHILE NO EVENT OF DEFAULT OR SPECIFIED DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default or a Default under (Section 9.01 or of the type described in) Section 10.01 or 10.05 9.05 of the Credit Agreement (each such Default, a "Specified Default"), each Pledgor shall be entitled to exercise all voting rights attaching to any and all Collateral 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, any other Credit Document or any Interest Rate Protection Agreement or Other Hedging Agreement (collectively, the "Secured Debt AgreementAgreements"), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor therein, except to the extent such violation, inconsistency or impairment shall be waived in accordance with the terms of Section 22 hereof. All such rights of a Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default or a Specified Default shall occur and be continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Dade Behring Inc)

VOTING, ETC. WHILE NO EVENT OF DEFAULT OR SPECIFIED DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default or a Default under (or of the type described in) Section 10.01 or 10.05 of the Credit Agreement (each such Default, a "Specified Default"), 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, 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 Agreement, the Credit Agreement, any other Loan Document, any Interest Rate Protection/Currency Exchange Agreement or any Treasury Service Agreement (collectively, the "Secured Debt AgreementAgreements"), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor thereinin the Collateral. All such rights of a each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default or a Specified Default shall occur has occurred and be continuing is continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Fleming Companies Inc /Ok/)

VOTING, ETC. WHILE NO EVENT OF DEFAULT OR SPECIFIED DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default (or a Default under (or Section 9.04(b) of the type described in) Section 10.01 or 10.05 of the DIP Credit Agreement (each such Default, a "Specified Default"Agreement), each Pledgor shall be entitled to exercise all voting rights attaching to any and all Collateral owned by it, and to give consents, waivers or ratifications in respect thereof, 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 DIP Credit Agreement, any other DIP Credit Document (collectively, the "Secured Debt AgreementAgreements"), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor therein. All such rights of a Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default (or a Specified Default under Section 9.04(b) of the DIP Credit Agreement) shall occur and be continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Lockup Agreement (Philip Services Corp)

VOTING, ETC. WHILE NO EVENT OF DEFAULT OR SPECIFIED DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default or a Default under (or of the type described in) Section 10.01 or 10.05 of the Credit Agreement (each such Default, a "Specified 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 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 violateviolate in any material respect, result in a breach of any covenant contained in, or be inconsistent with, with any of the terms of any Secured Debt AgreementLoan Document, or which would could reasonably be expected to have a Material Adverse Effect (collectively, the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor therein“Voting Rights”). All such rights of a the Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default or a Specified 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 occur have occurred and be continuing continuing) and Section 7 hereof shall become applicable.

Appears in 1 contract

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

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VOTING, ETC. WHILE NO EVENT OF DEFAULT OR SPECIFIED DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default or a Default under (or of the type described in) Section 10.01 or 10.05 of the Credit Agreement (each such Default, a "Specified Default"), each Pledgor shall be entitled to exercise all voting rights attaching to any and all Collateral owned by it, and to give consents, waivers or ratifications in respect thereof, 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, the DF Credit Agreement, the RSD Loan Agreement, the D&O Credit Agreement, any other Credit Document, any other DF Credit Document, any other RSD Loan Document, any other D&O Credit Document or any Interest Rate Agreement (collectively, the "Secured Debt AgreementAgreements"), or which would have the effect of impairing the value of the Collateral or any part thereof in any material respect or the position or interests of the Pledgee or any other Secured Creditor therein. All such rights of a each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default or a Specified Default shall occur and be continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Frontier Insurance Group Inc)

VOTING, ETC. WHILE NO EVENT OF DEFAULT OR SPECIFIED DEFAULT. Unless and until there an Event of Default shall have occurred and be continuing an Event of Default or a Default under and written notice thereof shall be given by the Pledgee to the relevant Pledgor (or provided that if any of the type described in) Defaults specified in Section 10.01 or 10.05 9.05 of the Credit Agreement (each shall occur, no such Default, a "Specified Default"notice should be required), 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, it and to give consents, waivers or ratifications in respect thereof; provided, 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, violate or be inconsistent with, with any of the terms of this Agreement, any other Credit Document or any Interest Rate Protection or Other Hedging Agreement (collectively, the "Secured Debt AgreementAgreements"), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor thereinCreditor. All such rights of a each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default or a Specified Default shall occur and be continuing continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Security Agreement (Firstlink Communications Inc)

VOTING, ETC. WHILE NO EVENT OF DEFAULT OR SPECIFIED DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default or a Default under (or of the type described in) Section 10.01 or 10.05 of the Credit Agreement (each such Default, a "Specified Default"), 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, 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 a breach of any covenant contained in, or be inconsistent with, with any of the terms of any Secured Debt Agreement, or which would could reasonably be expected to have the effect of materially 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 thereinin 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 in case an Event of Default or a Specified has occurred and is continuing (provided that no such notice shall be required if any Event of Default shall occur under Section 12.05 of the Credit Agreement has occurred and be continuing is continuing), and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (STG Group, Inc.)

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