Common use of Voting Pledged Securities Clause in Contracts

Voting Pledged Securities. (a) Until an Event of Default shall occur and be continuing and the Agent shall have delivered a notice contemplated by clause (b) below, the respective Obligors shall be entitled to vote or consent with respect to the Pledged Securities in any manner not inconsistent with the terms of any Credit Document, and the Agent will, if so requested, execute appropriate revocable proxies therefor.

Appears in 3 contracts

Samples: Security Agreement (Pediatrix Medical Group Inc), Security Agreement (Ibasis Inc), Security Agreement (Ibasis Inc)

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Voting Pledged Securities. (a) Until an Event of Default shall occur and be continuing and the Agent shall have delivered a notice contemplated by clause (b) belowoccur, the respective Obligors shall be entitled to vote or consent with respect to the Pledged Securities in any manner not inconsistent with the terms of any Credit Document, and the Agent will, if so requested, execute appropriate revocable proxies therefor.

Appears in 2 contracts

Samples: Guarantee and Security Agreement (Racing Champions Corp), And Security Agreement (Racing Champions Corp)

Voting Pledged Securities. (a) Until an Event of Default shall occur and be continuing and the Agent shall have delivered a notice contemplated by clause (b) belowcontinuing, the respective Obligors shall be entitled to vote or consent with respect to the Pledged Securities in any manner not inconsistent with the terms of any Credit Document, and the Agent will, if so requested, execute appropriate revocable proxies therefor.

Appears in 2 contracts

Samples: Guarantee and Security Agreement (Nextera Enterprises Inc), Guarantee and Security Agreement (Nextera Enterprises Inc)

Voting Pledged Securities. (a1) Until an Event of a Default shall occur and be continuing and the Agent shall have delivered a notice contemplated by clause (b) belowcontinuing, the respective Obligors shall be entitled to vote or consent with respect to the Pledged Securities in any manner not inconsistent with the terms of any Credit Document, and the Agent Lender will, if so requested, execute appropriate revocable proxies therefor.

Appears in 1 contract

Samples: Security Agreement (Surge Components Inc)

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Voting Pledged Securities. (a1) Until an Event of Default shall occur and be continuing and the Agent shall have delivered a notice contemplated by clause (b) belowcontinuing, the respective Obligors shall be entitled to vote or consent with respect to the Pledged Securities in any manner not inconsistent with the terms of any Credit Document, and the Agent will, if so requested, execute appropriate revocable proxies therefor.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Nextera Enterprises Inc)

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