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, result in a breach of any covenant contained in, or be inconsistent with any of the terms of any Secured Debt Agreement, or which could reasonably be expected to 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 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, and Section 7 hereof shall become applicable.

Appears in 2 contracts

Samples: Sub Pledge Agreement (Town Sports International Holdings Inc), Pledge Agreement (Lee Enterprises, Inc)

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VOTING, ETC. WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and At any time before the security created or purported to be continuing an Event created by this Agreement has become enforceable in accordance with Section 7 of Defaultthis Agreement, each the Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by ithim, 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, result in a breach of any covenant contained in, or be inconsistent with any of the terms of any Secured Debt AgreementLoan Document, or which could reasonably be expected to have the effect of materially 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, unless expressly permitted by the terms of the Secured Debt AgreementsLoan Documents. All such rights of each the Pledgor to vote and to give consents, waivers and ratifications shall cease in case when an Event of Default has occurred and is continuing, and Section 7 hereof shall become applicable.

Appears in 2 contracts

Samples: Pledge Agreement, Pledge Agreement

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, result in a breach of any covenant contained in, or be inconsistent with any of the terms of any Secured Debt AgreementIndenture Document, or which could reasonably be expected to have the effect of materially impairing the value of the Collateral or any part thereof or in a manner adverse to the position or interests of the Pledgee Collateral Agent or any other Notes Secured Creditor Party in the Collateral, unless expressly permitted by the terms of the Secured Debt AgreementsIndenture Documents. 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 (CURO Group Holdings Corp.)

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, result in a breach of any covenant contained in, or be inconsistent with any of the terms of any Secured Debt AgreementFacility Document, or which could reasonably be expected to have the effect of materially impairing the value of the Collateral or any part thereof or in a manner adverse to the position or interests of the Pledgee Collateral Agent or any other Secured Creditor Party in the Collateral, unless expressly permitted by the terms of the Secured Debt AgreementsFacility Documents. 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 (CURO Group Holdings Corp.)

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; thereof provided 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, result in a 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 Agreements (collectively, the "Secured Debt AgreementAgreements"), or which could reasonably be expected to 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 in the Collateral, unless expressly permitted by the terms of the Secured Debt Agreementstherein. 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)

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VOTING, ETC. WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an any 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, result in a breach of any covenant contained in, or be inconsistent with any of the terms of any Secured Debt Agreement, or which could reasonably be expected to 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 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, and the Pledgee chooses to exercise the rights granted to it pursuant to Section 7 hereof shall become applicablehereof.

Appears in 1 contract

Samples: Pledge Agreement (Davis-Standard 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 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, result in a breach of any covenant contained in, or be inconsistent with any of the terms of any Secured Debt Agreement, or which could reasonably be expected to 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 in the Collateral, unless expressly permitted by the terms of the Secured Debt Agreements. 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 Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Town Sports International Holdings Inc)

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