Common use of Voting Rights Prior to Event of Default Clause in Contracts

Voting Rights Prior to Event of Default. So long as an Event of Default shall not have occurred and be continuing, Pledgor shall be entitled, to the extent not inconsistent with this Pledge Agreement, the Note, the Guarantee Agreement, or any other Loan Document: (a) To exercise the voting power with respect to the Pledged Securities and for that purpose Pledgee shall execute or cause to be executed from time to time (at the expense of Pledgor) such proxies or other instruments in favor of Pledgor or its nominee, in such form and for such purposes as shall be reasonably required by Pledgor and as shall be specified in a written request therefor, to enable it to exercise such voting power with respect to the Pledged Securities; provided that such voting power shall not, without Pledgee's prior written consent, be exercised by Pledgor to (i) adversely affect the maturity, interest rate, principal amount or any subordination provisions of any of the Pledged Debt, (ii) subordinate or terminate any of the Pledged Debt, (iii) commence any foreclosure action or exercise any other remedy under any of the Pledged Debt, (iv) otherwise adversely affect the interests of Pledgee in connection with any of the Pledged Securities; or (v) in any manner that is inconsistent with the terms of this Pledge Agreement, the Note, the Guarantee Agreement or any other Loan Document; (b) To receive and retain for its own account (except as otherwise required by Section 5 below) any and all dividends (other than stock dividends and liquidating dividends), interest and principal at any time and from time to time paid, or declared or permitted to be paid, upon any of the Pledged Securities; and (c) To exercise any conversion, option or similar right permitted by the terms of any of the Pledged Securities (subject, however, to Section 6 hereof), but only with the prior written consent of Pledgee.

Voting Rights Prior to Event of Default. So long as an Event of Default shall not have occurred and be continuing, the Pledgor shall be entitled, to the extent not inconsistent with this Pledge Agreement, Agreement and the Note, the Guarantee Agreement, or any other Loan DocumentDocuments: (a) To exercise the voting power with respect to the Pledged Securities and for that purpose purpose, the Pledgee shall execute or cause to be executed from time to time (at the expense of the Pledgor) such proxies or other instruments in favor of the Pledgor or its nomineenominees, in such form and for such purposes as shall be reasonably required by the Pledgor and as shall be specified in a written request therefor, to enable it to exercise such voting power with respect to the Pledged Securities; provided that such voting power shall not, without the Pledgee's ’s prior written consent, be exercised by the Pledgor to (i) adversely affect the maturity, interest rate, principal amount or any subordination provisions of any interests of the Pledged Debt, (ii) subordinate or terminate any of the Pledged Debt, (iii) commence any foreclosure action or exercise any other remedy under any of the Pledged Debt, (iv) otherwise adversely affect the interests of Pledgee in connection with any of the Pledged Securities; or (vii) in any manner that is inconsistent with the terms of this Pledge Agreement, the Note, the Guarantee Agreement Note or any other Loan Document; (b) To receive and retain for its their own account (except as otherwise required by Section 5 below) any and all dividends (other than stock dividends and liquidating dividends), interest and principal at any time and from time to time paid, or declared or permitted to be paid, upon any of the Pledged Securities; and (c) To exercise any conversion, option or similar right permitted by the terms of any of the Pledged Securities (subject, however, to Section 6 4 hereof), but only with the prior written consent of the Pledgee.

Voting Rights Prior to Event of Default. So long as an Event of Default shall not have occurred and be continuing, Pledgor the Pledgors shall be entitled, to the extent not inconsistent with this Pledge Agreement, Agreement and the Note, the Guarantee Agreement, or any other Loan DocumentDocuments: (a) To exercise the voting power with respect to the Pledged Securities and for that purpose the Pledgee shall execute or cause to be executed from time to time (at the expense of the Pledgor) such proxies or other instruments in favor of Pledgor the Pledgors or its nomineetheir nominees, in such form and for such purposes as shall be reasonably required by Pledgor the Pledgors and as shall be specified in a written request therefor, to enable it to exercise such voting power with respect to the Pledged Securities; provided that such voting power shall not, without the Pledgee's ’s prior written consent, be exercised by Pledgor the Pledgors to (i) adversely affect the maturity, interest rate, principal amount or any subordination provisions of any interests of the Pledged Debt, (ii) subordinate or terminate any of the Pledged Debt, (iii) commence any foreclosure action or exercise any other remedy under any of the Pledged Debt, (iv) otherwise adversely affect the interests of Pledgee in connection with any of the Pledged Securities; or (vii) in any manner that is inconsistent with the terms of this Pledge the Letter Agreement, the Note, the Guarantee Agreement Note or any other Loan Document; (b) To receive and retain for its their own account (except as otherwise required by Section 5 below) any and all dividends (other than stock dividends and liquidating dividends), interest and principal at any time and from time to time paid, or declared or permitted to be paid, upon any of the Pledged Securities; and (c) To exercise any conversion, option or similar right permitted by the terms of any of the Pledged Securities (subject, however, to Section 6 4 hereof), but only with the prior written consent of the Pledgee.

Voting Rights Prior to Event of Default. So long as an Event of Default shall not have occurred and be continuing, Pledgor the Pledgors shall be entitled, to the extent not inconsistent with this Pledge Agreement, Agreement and the Note, the Guarantee Agreement, or any other Loan DocumentDocuments: (a) To exercise the voting power with respect to the Pledged Securities and for that purpose purpose, the Pledgee shall execute or cause to be executed from time to time (at the expense of the Pledgor) such proxies or other instruments in favor of Pledgor the Pledgors or its nomineetheir nominees, in such form and for such purposes as shall be reasonably required by Pledgor the Pledgors and as shall be specified in a written request therefor, to enable it to exercise such voting power with respect to the Pledged Securities; provided that such voting power shall not, without the Pledgee's ’s prior written consent, be exercised by Pledgor the Pledgors to (i) adversely affect the maturity, interest rate, principal amount or any subordination provisions of any interests of the Pledged Debt, (ii) subordinate or terminate any of the Pledged Debt, (iii) commence any foreclosure action or exercise any other remedy under any of the Pledged Debt, (iv) otherwise adversely affect the interests of Pledgee in connection with any of the Pledged Securities; or (vii) in any manner that is inconsistent with the terms of this Pledge Agreement, the Note, the Guarantee Agreement Note or any other Loan Document; (b) To receive and retain for its their own account (except as otherwise required by Section 5 below) any and all dividends (other than stock dividends and liquidating dividends), interest and principal at any time and from time to time paid, or declared or permitted to be paid, upon any of the Pledged Securities; and (c) To exercise any conversion, option or similar right permitted by the terms of any of the Pledged Securities (subject, however, to Section 6 4 hereof), but only with the prior written consent of the Pledgee.