Common use of Voting Rights; Dividends and Interest, etc Clause in Contracts

Voting Rights; Dividends and Interest, etc. 6.1 Unless and until the Pledgors receive notice that an Event of Default has occurred and is continuing, the Pledgors shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of the Pledged Securities or any part thereof to the extent, and only to the extent, that such rights are exercised for any purpose consistent with, and not otherwise in violation of, the terms and conditions of this Agreement, the Credit Agreement, the other Loan Documents and applicable Law; provided, however, that no Pledgor will be entitled to exercise any such right if the result thereof could reasonably be expected to materially and adversely affect the rights and remedies of any of the Credit Parties under this Agreement, the Credit Agreement or any other Loan Document or the ability of the Credit Parties to exercise the same.

Appears in 4 contracts

Samples: Term Facility Pledge Agreement (Container Store Group, Inc.), Abl Facility Pledge Agreement (Container Store Group, Inc.), Abl Facility Pledge Agreement (Container Store Group, Inc.)

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Voting Rights; Dividends and Interest, etc. 6.1 Unless and until the Pledgors receive notice that an Event of a Specified Default has occurred and is continuing, the Pledgors each Pledgor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of the Pledged Securities or any part thereof to the extent, and only to the extent, that such rights are exercised for any purpose consistent with, and not otherwise in violation of, the terms and conditions of this Agreement, the Credit Agreement, the other Loan Documents and applicable Applicable Law; provided, however, that no such Pledgor will not be entitled to exercise any such right if the result thereof could reasonably be expected to materially and adversely affect the rights inuring to a holder of the Pledged Securities or the rights and remedies of any of the Credit Secured Parties under this Agreement, the Credit Agreement or any other Loan Document or the ability of the Credit Secured Parties to exercise the same.

Appears in 3 contracts

Samples: Pledge Agreement (Music123, Inc.), Pledge Agreement (Music123, Inc.), Pledge Agreement (COHOES FASHIONS of CRANSTON, Inc.)

Voting Rights; Dividends and Interest, etc. 6.1 Unless and until the Pledgors receive notice that an Event of Default has shall have occurred and is be continuing, the Pledgors shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of the Pledged Securities or any part thereof to the extent, and only to the extent, that such rights are exercised for any purpose consistent with, and not otherwise in violation of, the terms and conditions of this Agreement, the Credit Agreement, the other Loan Documents and applicable Applicable Law; provided, however, that no Pledgor the Pledgors will not be entitled to exercise any such right if the result thereof could reasonably be expected to materially and adversely affect the rights inuring to a holder of the Pledged Securities or the rights and remedies of any of the Credit Parties under this Agreement, the Credit Agreement or any other Loan Document or the ability of the Credit Parties to exercise the same.

Appears in 3 contracts

Samples: Pledge Agreement, Pledge Agreement (GameStop Corp.), Amended and Restated Pledge Agreement (GameStop Corp.)

Voting Rights; Dividends and Interest, etc. 6.1 Unless and until the Pledgors receive notice that an Event of Default has shall have occurred and is be continuing, the Pledgors Pledgor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of the Pledged Securities or any part thereof to the extent, and only to the extent, that such rights are exercised for any purpose consistent with, and not otherwise in violation of, the terms and conditions of this Agreement, the Credit Agreement, the other Loan Documents and applicable Applicable Law; provided, however, that no the Pledgor will not be entitled to exercise any such right if the result thereof could reasonably be expected to materially and adversely affect the rights inuring to a holder of the Pledged Securities or the rights and remedies of any of the Credit Secured Parties under this Agreement, the Credit Agreement or any other Loan Document or the ability of the Credit Secured Parties to exercise the same.

Appears in 3 contracts

Samples: Securities Collateral Pledge Agreement (Gamestop Corp), Securities Collateral Pledge Agreement (Gamestop Corp), Securities Collateral Pledge Agreement (GameStop Corp.)

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Voting Rights; Dividends and Interest, etc. 6.1 Unless and until the Pledgors receive notice that an Event of Default has shall have occurred and is be continuing, the Pledgors shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of the Pledged Securities or any part thereof to the extent, and only to the extent, that such rights are exercised for any purpose consistent with, and not otherwise in violation of, the terms and conditions of this Agreement, the Credit Agreement, the other Loan Documents and applicable Applicable Law; provided, however, that no Pledgor the Pledgors will not be entitled to exercise any such right if the result thereof could reasonably be expected have a Material Adverse Effect on the rights inuring to materially and adversely affect a holder of the Pledged Securities or the rights and remedies of any of the Credit Secured Parties under this Agreement, the Credit Agreement or any other Loan Document or the ability of the Credit Secured Parties to exercise the same.

Appears in 2 contracts

Samples: Pledge Agreement (Marsh Supermarkets Inc), Pledge Agreement (Marsh Supermarkets Inc)

Voting Rights; Dividends and Interest, etc. 6.1 Unless and until the Pledgors receive notice that an Event of Default has occurred and is continuing, the Pledgors Pledgor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of the Pledged Securities or any part thereof to the extent, and only to the extent, that such rights are exercised for any purpose consistent with, and not otherwise in violation of, the terms and conditions of this Agreement, the Credit Loan Agreement, the other Loan Documents and applicable Law; provided, however, that no the Pledgor will not be entitled to exercise any such right if the result thereof could reasonably be expected to materially and adversely affect the rights inuring to a holder of the Pledged Securities or the rights and remedies of any of the Credit Parties under this Agreement, the Credit Agreement or Loan Agreement, any other Loan Document or applicable Law or the ability of the Credit Parties to exercise the same.

Appears in 1 contract

Samples: Intercreditor Agreement (Coldwater Creek Inc)

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