Common use of VOTING, ETC Clause in Contracts

VOTING, ETC. PRIOR TO MATURITY. Unless and until an Event of Default shall have occurred and be continuing, and until notice of such Event of Default has been given by the Pledgee, the Pledgor shall be entitled to vote the Pledged Shares and to give consents, waivers and ratifications, in respect of the Pledged Shares; PROVIDED, HOWEVER, that no vote shall be cast, or consent, waiver or ratification given or action taken which would be inconsistent with or violate any provisions of any of the documents or instruments evidencing any of the Obligations or of this Agreement. Until the occurrence of an Event of Default, the Pledgee shall execute and deliver to the Pledgor such proxies or other documents in writing as may be necessary to enable the Pledgor to exercise the foregoing rights. All such rights of the Pledgor to vote and give consents, waivers and ratifications shall cease forthwith in case an Event of Default shall have occurred and be continuing, without any notice (except as provided in this Section 6) or demand by the Pledgee to the Pledgor.

Appears in 1 contract

Samples: Stock Pledge Agreement (Netscout Systems Inc)

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VOTING, ETC. PRIOR TO MATURITY. Unless and until an Event of Default shall have occurred and be continuing, and until notice of such Event of Default has been given by the Pledgee, the Pledgor shall be entitled to vote the Pledged Shares and to give consents, waivers and ratifications, ratifications in respect of the Pledged Shares; PROVIDED, HOWEVER, that no vote shall be cast, or consent, waiver or ratification given or action taken which would be inconsistent with or violate any provisions of any of the documents or instruments evidencing any of the Obligations or of this Agreement. Until the occurrence of an Event of Default, the Pledgee shall execute and deliver to the Pledgor such proxies or other documents in writing as may be necessary to enable the Pledgor to exercise the foregoing rights. All such rights of the Pledgor to vote and give consents, waivers and ratifications shall cease forthwith in case an Event of Default shall have occurred and be continuing, without any notice (except as provided in this Section 6) or demand by the Pledgee to the Pledgor.

Appears in 1 contract

Samples: Stock Pledge Agreement (Netscout Systems Inc)

VOTING, ETC. PRIOR TO MATURITYWHILE NO EVENT OF DEFAULT. Unless and until there shall be continuing an Event of Default shall have occurred and be continuing, and until notice of such Event of Default has been given by the PledgeeDefault, the Pledgor shall be entitled to vote the Pledged Shares exercise any and all voting rights attaching to any and all Collateral owned by it, and to give consents, waivers and ratifications, or ratifications in respect of the Pledged Sharesthereof; PROVIDED, HOWEVER, that no vote shall be cast, 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 or violate any provisions of with, any of the documents terms of this Agreement, the Credit Agreement or instruments evidencing any of the Obligations or of this Agreement. Until the occurrence of an Event of Default, the Pledgee shall execute and deliver to the Pledgor such proxies or other documents in writing as may be necessary to enable the Pledgor to exercise the foregoing rightsLoan Documents. All such rights of the 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 forthwith in case if an Event of Default shall have occurred be continuing if, and be continuingto the extent that, without any notice (except as provided in this Section 6) or demand by the Pledgee shall notify the Pledgor in writing of the Pledgee's decision to exercise such rights with respect to all or (as the Pledgorcase may be) such part of such Collateral.

Appears in 1 contract

Samples: Pledge Agreement (Chiquita Brands International Inc)

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VOTING, ETC. PRIOR TO MATURITYWHILE NO NOTICED EVENT OF DEFAULT. Unless and until an Event of Default there shall have occurred and be continuing, and until notice of such continuing a Noticed Event of Default has been given by the PledgeeDefault, the each Pledgor shall be entitled to vote the Pledged Shares exercise all voting rights attaching to any and all Collateral owned by it, and to give consents, waivers and ratifications, or ratifications in respect of the Pledged Shares; PROVIDED, HOWEVER, thereof PROVIDED that no vote shall be cast, 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 or violate any provisions of with, any of the documents or instruments evidencing any of the Obligations or terms of this Agreement. Until the occurrence of an Event of Default, the Credit Agreement, any other Credit Document or any Interest Rate Protection Agreement or Other Hedging Agreement (collectively, the "Secured Debt Agreements"), or which would have the effect of impairing the value of the Collateral, the position or interests of the Pledgee shall execute and deliver to the Pledgor such proxies or other documents in writing as may be necessary to enable the Pledgor to exercise the foregoing rightsany Secured Creditor therein. All such rights of the a Pledgor to vote and to give consents, waivers and ratifications shall cease forthwith in case an a Noticed Event of Default shall have occurred occur and be continuing, without any notice (except as provided in this continuing and Section 6) or demand by the Pledgee to the Pledgor7 hereof shall become applicable.

Appears in 1 contract

Samples: Security Agreement (Vestar Capital Partners Iv Lp)

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