Common use of Voting Rights in Respect of Subsidiary Stock Clause in Contracts

Voting Rights in Respect of Subsidiary Stock. (a) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, each Borrower may exercise any and all voting and other consensual rights pertaining to the Subsidiary Stock of such Borrower or any part thereof for any purpose not inconsistent with the terms of this Agreement; and

Appears in 3 contracts

Samples: Security Agreement (Dreams Inc), Security Agreement (Intcomex, Inc.), Revolving Credit (Teamstaff Inc)

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Voting Rights in Respect of Subsidiary Stock. (a) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, each Borrower may exercise any and all voting and other consensual rights pertaining to the Subsidiary Stock of such Borrower or any part thereof for any purpose not inconsistent with the terms of this Agreement; and

Appears in 1 contract

Samples: Security Agreement (Apac Customer Service Inc)

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