Common use of Voting of Pledged Equity Interests Clause in Contracts

Voting of Pledged Equity Interests. Other than during the continuation of an Event of Default, each Grantor is entitled to exercise all voting rights pertaining to any Pledged Equity Interests; provided, however, that no vote shall be cast or consent, waiver, or ratification given or action taken which would violate any provision of this Security Agreement, Section 7.12 of the Credit Agreement, or any provision of any other Loan Document. During the continuation of an Event of Default, the right to vote any Pledged Equity Interests shall be vested exclusively in Administrative Agent upon notice from the Administrative Agent to such Grantor. To this end, each Grantor hereby irrevocably constitutes and appoints Administrative Agent the proxy and attorney-in-fact of such Grantor, with full power of substitution, to vote, and to act with respect to, any and all Pledged Equity Interests standing in the name of such Grantor or with respect to which such Grantor is entitled to vote and act, subject to the agreement that such proxy may be exercised only if an Event of Default has occurred and is continuing. The proxy herein granted is coupled with an interest, is irrevocable, and shall continue until the termination of this Security Agreement pursuant to Section 6.1.

Voting of Pledged Equity Interests. Other than during Prior to the continuation occurrence of an Event of Default, each Grantor is entitled to exercise all voting rights pertaining to any Pledged Equity Interests; provided, however, that no vote shall be cast or consent, waiver, or ratification given or action taken which would violate any provision of this Security Agreement, Section 7.12 of the Credit Agreement, or any provision of any other Loan Document. During After the occurrence and during the continuation of an Event of Default, the right to vote any Pledged Equity Interests shall be vested exclusively in Administrative Agent upon notice from the Administrative Agent to such Grantor. To this end, each Grantor hereby irrevocably constitutes and appoints Administrative Agent the proxy and attorney-in-fact of such Grantor, with full power of substitution, to vote, and to act with respect to, any and all Pledged Equity Interests standing in the name of such Grantor or with respect to which such Grantor is entitled to vote and act, subject to the agreement that such proxy may be exercised only if an Event of Default has occurred and is continuing. The proxy herein granted is coupled with an interest, is irrevocable, and shall continue until the termination of this Security Agreement pursuant to Section 6.1. .

Voting of Pledged Equity Interests. Other than during Prior to the continuation occurrence of an Event of Default, each Grantor is entitled to exercise all voting rights pertaining to any Pledged Equity Interests; provided, however, that no vote shall be cast or consent, waiver, or ratification given or action taken which would violate any provision of this Security Agreement, Section 7.12 of the Credit Agreement, or any provision of any other Loan Document. During After the occurrence and during the continuation of an Event of Default, the right to vote any Pledged Equity Interests shall be vested exclusively in Administrative Agent upon notice from the Administrative Agent to such Grantor. To this end, each Grantor hereby irrevocably constitutes and appoints Administrative Agent the proxy and attorney-in-fact of such Grantor, with full power of substitution, to vote, and to act with respect to, any and all Pledged Equity Interests standing in the name of such Grantor or with respect to which such Grantor is entitled to vote and act, subject to the agreement that such proxy may be exercised only if an Event of Default has occurred and is continuing. The proxy herein granted is coupled with an interest, is irrevocable, and shall continue until the termination of this Security Agreement pursuant to Section 6.1...