Common use of Voting Rights with respect to Equity Interests Clause in Contracts

Voting Rights with respect to Equity Interests. So long as no Event of Default has occurred and is continuing, Obligors shall be entitled to exercise any and all voting and other consensual rights pertaining to any of the Pledged Interests or any part thereof. If an Event of Default shall have occurred and be continuing, all rights of Obligors to exercise the voting and other consensual rights that it would otherwise be entitled to exercise shall, at Agent’s option upon notice to such Obligors, be suspended, and all such rights shall, at Agent’s option upon notice to such Obligors, thereupon become vested in Agent for the benefit of the Secured Parties during the continuation of such Event of Default, and Agent shall, at its option upon notice to such Obligors, thereupon have the sole right to exercise such voting and other consensual rights and during the continuation of such Event of Default, Agent shall have the right to act with respect thereto as though it were the outright owner thereof.

Voting Rights with respect to Equity Interests. So long as no Event of Default has occurred and is continuing, U.S. Obligors shall be entitled to exercise any and all voting and other consensual rights pertaining to any of the Pledged Interests or any part thereofthereof for any purpose not inconsistent with the terms of this Agreement. If an Event of Default shall have occurred and be continuing, all rights of U.S. Obligors to exercise the voting and other consensual rights that it would otherwise be entitled to exercise shall, at Agent’s option upon notice to such Obligorsoption, be suspended, and all such rights shall, at Agent’s option upon notice to such Obligorsoption, thereupon become vested in Agent for the benefit of the U.S. Secured Parties during the continuation of such Event of Default, and Agent shall, at its option upon notice to such Obligorsoption, thereupon have the sole right to exercise such voting and other consensual rights and during the continuation of such Event of Default, Default and Agent shall have the right to act with respect thereto as though it were the outright owner thereof.

Voting Rights with respect to Equity Interests. So long as no Event of Default has occurred and is continuing, Obligors shall be entitled to exercise any and all voting and other consensual rights pertaining to any of the Pledged Interests or any part thereof. If an Event of Default shall have occurred and be continuing, all rights of Obligors to exercise the voting and other consensual rights that it would otherwise be entitled to exercise shall, at Agent’s option upon notice to such Obligors, be suspended, and all such rights shall, at Agent’s option upon notice to such Obligors, thereupon become vested in Agent for the benefit of the Secured Parties during the continuation of such Event of Default, and Agent shall, at its option upon notice to such Obligors, thereupon have the sole right to exercise such voting and other consensual rights and during the continuation of such Event of Default, Agent shall have the right to act with respect thereto as though it were the outright owner thereofxxxxxxx.