Voting Rights and Transfer. Prior to the occurrence of an Event of Default, the Pledgor will have the right to exercise all voting rights with respect to the Collateral. At any time after the occurrence of an Event of Default, the Secured Party may transfer any or all of the Collateral into its name or that of its nominee and may exercise all voting rights with respect to the Collateral, but no such transfer shall constitute a taking of such Collateral in satisfaction of any or all of the Obligations unless the Secured Party expressly so indicates by written notice to the Pledgor.
Appears in 9 contracts
Samples: Export Import Pledge Agreement (Environmental Tectonics Corp), Pledge Agreement (Environmental Tectonics Corp), Pledge Agreement (Erie Indemnity Co)
Voting Rights and Transfer. Prior to the occurrence of an Event of DefaultDefault which is continuing, the Pledgor will have the right to exercise all voting rights with respect to the Collateral. At any time after the occurrence of an Event of DefaultDefault which is continuing, the Secured Party may transfer any or all of the Collateral into its name or that of its nominee and may exercise all voting rights with respect to the CollateralCollateral to the exclusion of the Pledgor, but no such transfer shall constitute a taking of such Collateral in satisfaction of any or all of the Obligations unless the Secured Party expressly so indicates by written notice to the Pledgor.
Appears in 5 contracts
Samples: Pledge Agreement (Erie Indemnity Co), Pledge Agreement (Erie Indemnity Co), Pledge Agreement (Erie Indemnity Co)
Voting Rights and Transfer. Prior to the occurrence of an Event of Default, the Pledgor will have the right to exercise all voting rights with respect to the Collateral, subject to the terms of any of the Transaction Documents. At any time after the occurrence of an Event of Default, the Secured Party may transfer any or all of the Collateral into its name or that of its nominee and may exercise all voting rights with respect to the Collateral, but no such transfer shall constitute a taking of such Collateral in satisfaction of any or all of the Obligations unless the Secured Party expressly so indicates by written notice to the Pledgor.
Appears in 2 contracts
Samples: Pledge Agreement (Joshua Tree Construction Inc), Pledge Agreement (Joshua Tree Construction Inc)
Voting Rights and Transfer. Prior to the occurrence of an Event of Default, the Pledgor will shall have the right to exercise all voting or other rights with respect to the CollateralCollateral provided such does not conflict with the terms of this Pledge Agreement. At any time after the occurrence of an Event of Default, the Secured Party may transfer any or all of the Collateral into its name or that of its nominee and may exercise all voting rights with respect to the Collateral, but no such transfer shall constitute a taking of such Collateral in satisfaction of any or all of the Obligations Loan unless the Secured Party expressly so indicates by written notice to the Pledgor.
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Voting Rights and Transfer. Prior to the occurrence of an Event of Default, the Pledgor will have the right to exercise all voting rights with respect to the Collateral. At any time after the occurrence of an Event of Default, the Secured Party may transfer any or all of the Collateral into its name or that of its nominee and may exercise all voting rights with respect to the Collateral, but no such transfer shall constitute a taking of such Collateral in satisfaction of any or all of the Obligations Debt unless the Secured Party expressly so indicates by written notice to the Pledgor.
Appears in 1 contract
Samples: Pledge and Security Agreement (Icts International N V)
Voting Rights and Transfer. Prior to the occurrence of an Event of Default, the Pledgor will have the right to exercise all voting rights with respect to the Collateral. At any time after the occurrence of an Event of Default, the Secured Party Pledgee may transfer any or all of the Collateral into its name their names or that of its their nominee and may exercise all voting rights with respect to the Collateral, but no such transfer shall constitute a taking of such Collateral in satisfaction of any or all of the Obligations unless the Secured Party Pledgee expressly so indicates by written notice to the Pledgor.
Appears in 1 contract
Samples: Pledge Agreement (WWAP, Inc)
Voting Rights and Transfer. Prior to the occurrence of an Event of Default, the Pledgor will have the right to exercise all voting rights with respect to the Collateral. At any time after the occurrence and during the continuance of an Event of Default, the Secured Party may transfer any or all of the Collateral into its name or that of its nominee and may exercise all voting rights with respect to the Collateral, but no such transfer shall constitute a taking of such Collateral in satisfaction of any or all of the Obligations unless the Secured Party expressly so indicates by written notice to the Pledgor.
Appears in 1 contract
Samples: Pledge Agreement (Beard Co /Ok)
Voting Rights and Transfer. Prior to the occurrence of an So long as no Event of DefaultDefault exists, the Pledgor Pledgors will have the right to exercise all voting rights with respect to the Collateral. At any time after the occurrence and during the continuation of an Event of Default, the Secured Party may transfer any or all of the Collateral into its name or that of its nominee and may exercise all voting rights with respect to the Collateral, but no such transfer shall constitute a taking of such Collateral in satisfaction of any or all of the Secured Obligations unless the Secured Party expressly so indicates by written notice to the PledgorPledgors.
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Voting Rights and Transfer. Prior to the occurrence of an Event of Default, the Pledgor will have the right to exercise all voting rights with respect to the Collateral. At any time after the occurrence of an Event of DefaultDefault and the expiration of any applicable grace, the Secured Party notice or cure period, if any, Pledgee may transfer any or all of the Collateral into its name or that of its nominee and may exercise all voting rights with respect to the Collateral, but no such transfer shall constitute a taking of such Collateral in satisfaction of any or all of the Obligations unless the Secured Party Pledgee expressly so indicates by written notice to the Pledgor.
Appears in 1 contract
Samples: Stock Pledge and Security Agreement (First Guaranty Bancshares, Inc.)