Common use of WHILE NO EVENT OF DEFAULT Clause in Contracts

WHILE NO EVENT OF DEFAULT. Unless and until an Event of Default (as defined below) shall have occurred and be continuing, the Pledgor shall be entitled to exercise all voting rights attaching to any and all 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 or which would have the effect of impairing the rights of the Pledgee or any holder of the Obligations. All such rights of the Pledgor to vote and to give consents, waivers and ratifications shall cease upon the occurrence of an Event of Default 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//)

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WHILE NO EVENT OF DEFAULT. Unless and until an Event of Default (as defined below) there shall have occurred and be continuingcontinuing an Event of Default, the each Pledgor shall be entitled to exercise all voting rights attaching to any and all Collateral, 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 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 rights position or interests of the Pledgee or any holder of the ObligationsSecured Creditor. All such rights of the each Pledgor to vote and to give consents, waivers and ratifications shall cease upon the occurrence of in case an Event of Default which shall be has occurred and is continuing, and Section 7 hereof shall thereupon become applicable.

Appears in 2 contracts

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

WHILE NO EVENT OF DEFAULT. Unless and until an Event of Default (as defined below) there shall have occurred and be continuingcontinuing an Event of Default, the Pledgor shall be entitled to exercise all voting rights attaching to any and all Collateralvoting 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, the Term Loan Agreement or which would have the effect of impairing the rights of the Pledgee or any holder of the Obligationsother Loan Documents. All such rights of the Pledgor to vote and to give consents, waivers and ratifications shall cease upon the occurrence of in case an Event of Default which shall be has occurred and is continuing, and Section 7 hereof shall thereupon become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Capitol Federal Financial)

WHILE NO EVENT OF DEFAULT. Unless and until an Event of Default (as defined below) there shall have occurred and be continuingcontinuing an Event of Default, the each Pledgor shall be entitled to exercise all voting rights attaching to any and all Collateralvoting and other consensual rights pertaining to the 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 Agreement, the Indenture, or which would have the effect of impairing the rights of the Pledgee or any holder of the ObligationsNotes. All such rights of the each Pledgor to vote and to give consents, waivers and ratifications shall cease upon the occurrence of in case an Event of Default which shall be has occurred and is continuing, and Section 7 hereof shall thereupon become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Mentus Media Corp)

WHILE NO EVENT OF DEFAULT. Unless and until an Event of Default (as defined below) shall have occurred and be continuing, the Pledgor shall be entitled to exercise all voting rights attaching to vote any and all 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 other Credit Document or any other instrument or agreement referred to herein or therein, or which would have the effect of impairing the rights position or interests of the Pledgee or any holder of the ObligationsPledgee. All such rights of the Pledgor to vote and to give consents, waivers and or ratifications shall cease upon the occurrence of in case an Event of Default which shall occur and be continuing, and Section 7 hereof shall thereupon become applicable.

Appears in 1 contract

Samples: Share Purchase Agreement (Baltic International Usa Inc)

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WHILE NO EVENT OF DEFAULT. Unless and until an Event of Default (as defined below) shall have occurred and be continuing, the Pledgor shall be entitled to exercise all voting rights attaching to vote any and all 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 Agreement, any other Credit Document or any other instrument or agreement referred to herein or therein, or which would have the effect of impairing the rights position or interests of the Pledgee or any the holder of the Obligationsany Note. All such rights of the Pledgor to vote and to give consents, waivers and ratifications shall cease upon the occurrence of in case an Event of Default which shall occur and be continuing, and Section 7 hereof shall thereupon become applicable.

Appears in 1 contract

Samples: Pledge Agreement (United Petroleum Corp)

WHILE NO EVENT OF DEFAULT. Unless and until an Event of Default (as defined below) there shall have occurred and be continuingcontinuing an Event of Default, the Pledgor shall be entitled to exercise all voting rights attaching to vote any and all CollateralSecurities 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 or which would could reasonably be expected to have the effect of impairing the rights value of the Pledgee Collateral or any holder part thereof or the position or interests of the ObligationsPledgee. All such rights of the Pledgor to vote and to give consents, waivers and ratifications shall cease upon the occurrence of in case an Event of Default which shall be has occurred and is continuing, and Section 7 V hereof shall thereupon become applicable.

Appears in 1 contract

Samples: Pledge and Security Agreement (Hotjobs Com LTD)

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