Common use of Voting Rights in Respect of the Pledged Collateral Clause in Contracts

Voting Rights in Respect of the Pledged Collateral. (i) Until such time as an Event of Default shall have occurred and be continuing and the Bank shall have given Borrower notice thereof, to the extent permitted by law, each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Loan Agreement; and (ii) Subject to Subsection (e) of this Section, upon the occurrence and during the continuance of an Event of Default and notice from Bank to Borrower, all rights of a Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this Subsection (d) shall cease and all such rights shall thereupon become vested in the Bank which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) Until such time as an Event of Default shall have occurred and be continuing and the Bank shall have given Borrower Pledgor notice thereof, to the extent permitted by law, each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Loan Agreement; and (ii) Subject to Subsection (e) of this Section, upon the occurrence and during the continuance of an Event of Default and notice from Bank to BorrowerPledgor, all rights of a Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this Subsection (d) shall cease and all such rights shall thereupon become vested in the Bank which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) Until such time So long as an no Event of Default shall have occurred and be continuing and the Bank shall have given Borrower notice thereofcontinuing, to the extent permitted by lawlaw until receipt by a Pledgor of written notice from the Administrative Agent, each such Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Loan Credit Agreement; and (ii) Subject to Subsection (e) of this Section, upon Upon the occurrence and during the continuance of an Event of Default and and, provided that all Borrowers have satisfied their obligation to notify the Administrative Agent of all Events of Default, following receipt by a Pledgor of written notice from Bank to Borrowerthe Administrative Agent, all rights of a Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this Subsection subsection (d) shall cease and all such rights shall thereupon become vested in the Bank Administrative Agent which shall then have the sole right to exercise such voting and other consensual rightsrights which right shall revert to and vest in the applicable Pledgor upon the waiver or cure of all such Events of Default, and such Pledgor shall thereafter have the sole right to exercise such voting and other consensual rights subject to the terms of this clause (d).