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 rights pertaining to the Collateral and to give consents, waivers or ratifications in respect thereof, provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate or be inconsistent with any of the terms of this Agreement, any Secured Debt Documents or any other instrument or agreement referred to herein or therein, or which would have the effect of impairing the position or interests of the Pledgee or any Secured Creditor. 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 2 contracts

Samples: Pledge Agreement (JCC Holding Co), Pledge Agreement (JCC Holding Co)

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WHILE NO EVENT OF DEFAULT. Unless and until there an Event of Default (as defined below) shall have occurred and be continuing an Event of Defaultcontinuing, each the Pledgor shall be entitled to exercise all voting rights attaching to any and all voting and other rights pertaining to the Collateral Collateral, and to give consents, waivers or ratifications in respect thereof, provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate or be inconsistent with any of the terms of this Agreement, any Secured Debt Documents or any other instrument or agreement referred to herein or therein, Agreement or which would have the effect of impairing the position or interests rights of the Pledgee or any Secured Creditorholder of the Obligations. All such rights of each the Pledgor to vote and to give consents, waivers and ratifications shall cease in case upon the occurrence of an Event of Default has occurred and is which shall be continuing, and Section 7 hereof shall thereupon become applicable.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Elxsi Corp /De//), Pledge and Security Agreement (Elxsi Corp /De//)

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 vote any and all voting and other rights pertaining to the Collateral Securities owned by him, and to give consents, waivers or ratifications in respect thereof, provided PROVIDED that no vote shall be cast or any consent, waiver or ratification given or any action actions taken which would violate or be inconsistent with result in breach of any of the terms of covenant contained in this Agreement, any Secured Debt Documents or any other instrument or agreement referred to herein or therein, Agreement or which would 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 Secured CreditorPledgee. 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 V hereof shall become applicable.

Appears in 1 contract

Samples: Pledge and Security Agreement (Hotjobs Com LTD)

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 vote any and all voting and other rights pertaining to the Collateral Pledged Stock and to give consents, waivers or ratifications in respect thereof, provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate or be inconsistent with any of the terms of this Agreement, any Secured Debt Documents other Credit Document or any other instrument or agreement referred to herein or therein, or which would have the effect of impairing the position or interests of the Pledgee or the holder of any Secured CreditorNote. 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: Pledge Agreement (United Petroleum 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 Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof, provided provided, that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate or be inconsistent with any of the terms of this Agreement, any Secured Debt Documents or any other instrument or agreement referred to herein or thereinthe Indenture, or which would have the effect of impairing the position or interests of the Pledgee or any Secured CreditorNotes. 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 (Mentus Media Corp)

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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 vote any and all voting and other rights pertaining to the Collateral Pledged Stock and to give consents, waivers or ratifications in respect thereof, provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate or be inconsistent with any of the terms of this Agreement, the Credit Agreement or any Secured Debt Documents other Credit Document or any other instrument or agreement referred to herein or therein, or which would have the effect of impairing the position or interests of the Pledgee or any Secured CreditorPledgee. All such rights of each the Pledgor to vote and to give consents, waivers and or 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: Share Purchase Agreement (Baltic International Usa 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 no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate or be inconsistent with any of the terms of this Pledge Agreement, any Secured Debt Documents the Term Loan Agreement or any other instrument or agreement referred to herein or therein, or which would have the effect of impairing the position or interests of the Pledgee or any Secured CreditorLoan Documents. 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: Pledge Agreement (Capitol Federal Financial)

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