Common use of Voting While No Event of Default Clause in Contracts

Voting While No Event of Default. Unless an Event of Default -------------------------------- exists, the Borrower shall have the right to vote any and all shares of the Pledged Stock and to give consents, waivers and ratifications with respect to the Property and otherwise act with respect thereto. All such rights of the Borrower to vote and to give consents, waivers and ratifications shall cease if an Event of Default exists.