Common use of Voting Rights and Ordinary Payments After an Event of Default Clause in Contracts

Voting Rights and Ordinary Payments After an Event of Default. Upon the occurrence and during the continuance of any Event of Default, all rights of such Pledgor to exercise or refrain from exercising the voting and other consensual rights that it would otherwise be entitled to exercise pursuant to Section ‎5.01(a) and to receive the payments, proceeds, dividends, distributions, monies, compensation, property, assets, instruments or rights that such Pledgor would otherwise be authorized to receive and retain pursuant to Section ‎5.01(b) shall cease, and thereupon the Lender shall be entitled to exercise all voting power with respect to the Pledged Securities of such Pledgor and to receive and retain, as additional collateral hereunder, any and all payments, proceeds, dividends, distributions, monies, compensation, property, assets, instruments or rights at any time declared or paid upon any of the Pledged Collateral of such Pledgor during such an Event of Default and otherwise to act with respect to the Pledged Collateral of such Pledgor as outright owner thereof.

Voting Rights and Ordinary Payments After an Event of Default. Upon the occurrence and during the continuance of any Event of Default, all rights of such each Pledgor to exercise or refrain from exercising the voting and consent rights and other consensual incidental rights of ownership that it would otherwise be entitled to exercise pursuant to Section ‎5.01(a5.01(a) hereof and to receive the payments, proceeds, dividends, distributions, monies, compensation, property, assets, instruments or rights that such Pledgor would otherwise be authorized to receive and retain pursuant to Section ‎5.01(b5.01(b) hereof shall cease, and thereupon the Lender Secured Party shall be entitled to exercise all voting power and consent and other incidental rights of ownership with respect to the Pledged Securities of such Pledgor and to receive and retain, as additional collateral hereunder, any and all payments, proceeds, dividends, distributions, monies, compensation, property, assets, instruments or rights at any time declared or paid upon any of the Pledged Collateral of such Pledgor during such an Event of Default and otherwise to act with respect to the Pledged Collateral of such Pledgor as outright owner thereof.

Voting Rights and Ordinary Payments After an Event of Default. Upon the occurrence and during the continuance of any Event of Default, all rights of such each Pledgor to exercise or refrain from exercising the voting and consent rights and other consensual incidental rights of ownership that it would otherwise be entitled to exercise pursuant to Section ‎5.01(a5.1(a) hereof and to receive the payments, proceeds, dividends, distributions, monies, compensation, property, assets, instruments or rights that such Pledgor would otherwise be authorized to receive and retain pursuant to Section ‎5.01(b5.1(b) hereof shall cease, and thereupon Collateral Agent, subject to the Lender terms of the Intercreditor Agreement, shall be entitled to exercise all voting power and consent and other incidental rights of ownership with respect to the Pledged Securities of such Pledgor and to receive and retain, as additional collateral hereunder, any and all payments, proceeds, dividends, distributions, monies, compensation, property, assets, instruments or rights at any time declared or paid upon any of the Pledged Collateral of such Pledgor during such an Event of Default and otherwise to act with respect to the Pledged Collateral of such Pledgor as outright owner thereof.

Voting Rights and Ordinary Payments After an Event of Default. Upon the occurrence and during the continuance of any Event of Default, all rights of such each Pledgor to exercise or refrain from exercising the voting and consent rights and other consensual incidental rights of ownership that it would otherwise be entitled to exercise pursuant to Section ‎5.01(a5(a)(i) hereof and to receive the payments, proceeds, dividends, distributions, monies, compensation, property, assets, instruments or rights that such Pledgor would otherwise be authorized to receive and retain pursuant to Section ‎5.01(b5(a)(ii) hereof shall cease, and thereupon the Lender Secured Party shall be entitled to exercise all voting power and consent and other incidental rights of ownership with respect to the Pledged Securities of such Pledgor and to receive and retain, as additional collateral hereunder, any and all payments, proceeds, dividends, distributions, monies, compensation, property, assets, instruments or rights at any time declared or paid upon any of the Pledged Collateral during the continuance of such Pledgor during such an Event of Default and otherwise to act with respect to the Pledged Collateral of such Pledgor as outright owner thereof.