Common use of WHILE NO EVENT OF DEFAULT Clause in Contracts

WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; provided that, in each case, no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate or be inconsistent with any of the terms of any Secured Debt Agreement, or which could reasonably be expected to have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral unless expressly permitted by the terms of the Secured Debt Agreements. All such rights of each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred and is continuing, and Section 7 hereof shall become applicable.

Appears in 6 contracts

Samples: Intercreditor Agreement (Gener8 Maritime, Inc.), Secondary Pledge Agreement (Gener8 Maritime, Inc.), Pledge Agreement (Gener8 Maritime, Inc.)

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WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of DefaultDefault and the Collateral Agent has given written notice to the Pledgor in accordance with Article X of the Credit Agreement, each the Pledgor shall be entitled to exercise vote any and all voting and other consensual rights pertaining to the Collateral Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof; , provided that, in each case, that no vote shall be cast or any -------- consent, waiver or ratification given or any action taken or omitted to be taken which would violate violate, result in breach of any covenant contained in this Agreement, the Credit Agreement or be inconsistent with any other Credit Document or which is not permitted under any of the terms of any Secured Debt Agreement, or which Credit Documents and could reasonably be expected to have the effect of materially impairing the value of the Collateral or any material part thereof or the position or interests of the Pledgee Collateral Agent or any other Secured Creditor in the Collateral unless expressly permitted by the terms of the Secured Debt AgreementsCreditor. All such rights of each the Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred and is continuingcontinuing and the Collateral Agent has given written notice to the Pledgor in accordance with Article X of the Credit Agreement, and Section 7 hereof shall become applicable.

Appears in 2 contracts

Samples: Borrower Pledge Agreement (Coinmach Laundry Corp), Borrower Pledge Agreement (Coinmach Corp)

WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each Pledgor shall be entitled to exercise all voting rights attaching to any and all voting and other consensual rights pertaining to the Collateral Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof; , provided that, in each case, that no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate violate, result in breach of any covenant contained in, or be inconsistent with with, any of the terms of this Agreement, the Credit Agreement, any other Credit Document or any Secured Interest Rate Agreement (collectively, the "Secured Debt AgreementAgreements"), or which could reasonably be expected to would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral unless expressly permitted by the terms of the Secured Debt Agreementstherein. All such rights of each a Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred shall occur and is continuing, be continuing and Section 7 hereof shall become applicable.

Appears in 2 contracts

Samples: Pledge Agreement (National Tobacco Co Lp), Pledge Agreement (National Tobacco Co Lp)

WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of DefaultDefault and the Collateral Agent has given written notice to the Pledgor in accordance with Article X of the Credit Agreement, each the Pledgor shall be entitled to exercise vote any and all voting and other consensual rights pertaining to the Collateral Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof; , provided that, in each case, that no vote shall be cast or any -------- consent, waiver or ratification given or any action taken or omitted to be taken which would violate violate, result in breach of any covenant contained in this Agreement, the Credit Agreement or be inconsistent with any other Credit Document, or which is not permitted under any of the terms of any Secured Debt Agreement, or which Credit Documents and could reasonably be expected to have the effect of materially impairing the value of the Collateral or any material part thereof or the position or interests of the Pledgee Collateral Agent or any other Secured Creditor in the Collateral unless expressly permitted by the terms of the Secured Debt AgreementsCreditor. All such rights of each the Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred and is continuingcontinuing and the Collateral Agent has given written notice to the Pledgor in accordance with Article X of the Credit Agreement, and Section 7 hereof shall become applicable.

Appears in 2 contracts

Samples: Holdings Pledge Agreement (Coinmach Corp), Holdings Pledge Agreement (Coinmach Laundry Corp)

WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each Pledgor shall be entitled to exercise all voting rights attaching to any and all voting and other consensual rights pertaining to the Collateral Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof; , provided that, in each case, that no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate violate, result in breach of any covenant contained in, or be inconsistent with with, any of the terms of any Secured Debt this Pledge Agreement, the Loan Agreement, or any other Loan Document (collectively, the "Secured Debt Agreements"), or which could reasonably be expected to would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral unless expressly permitted by the terms of the Secured Debt AgreementsBank therein. All such rights of each a Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred shall occur and is continuing, be continuing and Section 7 hereof shall become applicable.

Appears in 2 contracts

Samples: Pledge Agreement (North Atlantic Trading Co Inc), Pledge Agreement (North Atlantic Trading Co Inc)

WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each the Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; provided provided, that, in each case, no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate or be inconsistent with any of the terms of this Agreement or any Secured Debt Agreementother Financing Document, or which could reasonably be expected to would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral unless expressly permitted by the terms of the Secured Debt AgreementsCollateral. All such rights of each the Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred and is continuing, and Section 7 hereof shall become applicable, and the Pledgee shall without further notice or consent be admitted and become a member of the Issuer.

Appears in 1 contract

Samples: Pledge Agreement (Pg&e Corp)

WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each the Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; provided that, in each case, no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate or be inconsistent with any of the terms of this Agreement or any Secured Debt Agreementother Credit Document, or which could reasonably be expected to have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral unless expressly permitted by the terms of the Secured Debt Agreementsthis Agreement or any other Credit Document. All such rights of each the Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred and is continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Parent Pledge Agreement (Gener8 Maritime, Inc.)

WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; provided that, in each case, no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate or be inconsistent with any of the terms of any Secured Debt Agreement, or which could reasonably be expected to have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor Party in the Collateral unless expressly permitted by the terms of the Secured Debt Agreements. All such rights of each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred and is continuing, and Section 7 8 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (International Seaways, Inc.)

WHILE NO EVENT OF DEFAULT. Unless and until there an Event of Default shall have occurred and be continuing an Event of Defaultcontinuing, each the Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof; provided that, in each case, PROVIDED that no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate or be inconsistent with any of the terms result in breach of any Secured Debt covenant contained in this Agreement, the Credit Agreement, any other Loan Document or any Interest Rate Protection or Other Hedging Agreement (collectively, the "SECURED DEBT AGREEMENTS"), or which could reasonably be expected to have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral unless expressly permitted by the terms of the Secured Debt AgreementsCreditor. All such rights of each the Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred shall occur and is be continuing, and Section SECTION 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (BMC Industries Inc/Mn/)

WHILE NO EVENT OF DEFAULT. Unless and until there an Event of Default shall have occurred and be continuing an Event of Defaultcontinuing, each Pledgor shall be entitled to exercise any and all voting voting, consent, administration, management and other consensual rights pertaining and remedies under any partnership agreement, limited liability company agreement or operating agreement or otherwise with respect to the Collateral owned by itInterests of such Pledgor; provided, and to give consents, waivers or ratifications in respect thereof; provided that, in each case, that no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate or be inconsistent with any of the terms of this Agreement, any other Credit Document (collectively, the "Secured Debt AgreementAgreements"), or which could reasonably be expected to would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral unless expressly permitted by the terms of the Secured Debt AgreementsCreditor. All such rights of each such Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred shall occur and is be continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge and Security Agreement (Eldertrust)

WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; provided that, in each case, no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate or be inconsistent with any of the terms of this Agreement or any Secured Debt Agreementother Credit Document, or which could reasonably be expected to have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral unless expressly permitted by the terms of the Secured Debt Agreementsthis Agreement or any other Credit Document. All such rights of each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred and is continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Secondary Pledge Agreement (Gener8 Maritime, Inc.)

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WHILE NO EVENT OF DEFAULT. Unless and until there an Event of Default shall have occurred and be continuing an Event of Defaultcontinuing, each the Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by it, Pledged Stock and to give all consents, waivers or ratifications in respect thereof; provided thatPROVIDED, in each case, that no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate or be inconsistent with any of the terms of this Agreement, any other Credit Document or any Interest Rate Protection Agreement (collectively, the "Secured Debt AgreementAgreements"), or which could reasonably be expected to would have the effect of impairing the value of the Collateral rights, priorities or any part thereof or the position or interests remedies of the Pledgee or any other Secured Creditor in the Collateral unless expressly permitted by the terms of the under this Agreement or any other Secured Debt AgreementsAgreement. All such rights of each the Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred shall occur and is be continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Alpine Pledge Agreement (Alpine Group Inc /De/)

WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and At any time before the security created or purported to be continuing an Event created by this Agreement has become enforceable in accordance with Section 7 of Defaultthis Agreement, each the Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by ithim, and to give consents, waivers or ratifications in respect thereof; provided that, in each case, no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate violate, result in a breach of any covenant contained in, or be inconsistent with any of the terms of any Secured Debt AgreementLoan Document, or which could reasonably be expected to have the effect of materially impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral Collateral, unless expressly permitted by the terms of the Secured Debt AgreementsLoan Documents. All such rights of each the Pledgor to vote and to give consents, waivers and ratifications shall cease in case when an Event of Default has occurred and is continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement

WHILE NO EVENT OF DEFAULT. Unless and until there a Noticed Event of Default shall have occurred and be continuing an Event of Defaultcontinuing, each Pledgor shall be entitled to exercise all voting rights attaching to any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; , provided that, in each case, that no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate violate, result in breach of any covenant contained in or be inconsistent with with, any of the terms of this Agreement, any other Credit Document or any Designated Hedge Agreement (collectively, the "Secured Debt AgreementAgreements"), or which could reasonably be expected to would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral unless expressly permitted by the terms of the Secured Debt Agreementstherein. All such rights of each such Pledgor to vote and to give consents, consents waivers and ratifications shall cease in case an ease a Noticed Event of Default has occurred shall occur and is continuing, be continuing and Section section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Safety Components International Inc)

WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each the Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; provided provided, that, in each case, no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate or be inconsistent with any of the terms of this Agreement or any Secured Debt Agreementother Financing Document, or which could reasonably be expected to would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral unless expressly permitted by the terms of the Secured Debt AgreementsCollateral. All such rights of each the Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred and is continuing, and Section 7 hereof shall become applicable, and the Pledgee shall without further notice or consent be admitted and become a shareholder of the Issuer.

Appears in 1 contract

Samples: Pledge Agreement (Pg&e Corp)

WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; provided provided, that, in each case, no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate or be inconsistent with any of the terms of this Agreement, the DIP Credit Agreement or any other Credit Document (collectively, the "Secured Debt AgreementAgreements"), or which could reasonably be expected to would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral unless expressly permitted by the terms of the Secured Debt AgreementsCollateral. All such rights of each Pledgor to vote and to give consents, waivers and ratifications ratification shall cease in case an Event of Default has occurred and is continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Weblink Wireless Inc)

WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, each Pledgor shall be entitled to exercise exer­cise any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; provided that, in each case, no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate or be inconsistent with any of the terms of any Secured Debt Agreement, or which could reasonably be expected to have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral unless expressly permitted by the terms of the Secured Debt Agreements. All such rights of each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred and is continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge and Security Agreement (General Maritime Corp/)

WHILE NO EVENT OF DEFAULT. Unless For greater certainty, unless and until there shall have occurred and be continuing an any Event of DefaultDefault under the Credit Agreement, each Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; provided that, in each case, no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate violate, result in a breach of any covenant contained in, or be inconsistent with any of the terms of any Secured Debt Agreement, or which could reasonably be expected to have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured Creditor in the Collateral Collateral, unless expressly permitted by the terms of the Secured Debt Agreements. All Except in the case of ULC Shares which remain registered in the name of the Pledgor, all such rights of each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred and is continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Bway Corp)

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