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, 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 other Financing Document, or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee in the Collateral. All such rights of 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: LLC Pledge Agreement (Pg&e 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, the 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 it, and to give consents, waivers or ratifications in respect thereofInterests of such Pledgor; 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 or Agreement, any other Financing DocumentCredit Document (collectively, the "Secured Debt Agreements"), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee in the Collateralor any other Secured Creditor. All such rights of the 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, and the Pledgee shall without further notice or consent be admitted and become a member of the Issuer.

Appears in 1 contract

Samples: Credit Agreement (Eldertrust)

WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, the Pledgor shall be entitled to exercise under any and all voting and other consensual rights pertaining partnership agreement or otherwise with respect to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereofPledged Partnership Interests of such Pledgor; 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 Credit Agreement, any other Credit Document or any Interest Rate Protection Agreement or any other Financing DocumentOther Hedging Agreement (collectively, the "Secured Debt Agreements"), or which 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. All such rights of the 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, and the Pledgee shall without further notice or consent be admitted and become a member of the Issuer.

Appears in 1 contract

Samples: Credit Agreement (Doubletree Corp)

WHILE NO EVENT OF DEFAULT. Unless and until there Agreement shall have occurred and occur, no such notice shall be continuing an Event of Defaultrequired), the each Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by it, Pledged Securities and to give all 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 of this Agreement, any other Credit Document or any Interest Rate Protection Agreement or any other Financing DocumentOther Hedging Agreement (collectively, the "Secured Debt Agreements"), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee in the Collateralor any other Secured Creditor. All such rights of the 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, 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 (Carcomp Services Inc)

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WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default, 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 violate, result in breach of any of covenant contained in this Agreement, the terms of this Agreement Credit Agreement, any other Credit Document or any other Financing DocumentInterest Rate Protection or Other Hedging Agreement (collectively, the "Secured Debt Agreements"), 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 in the Collateralor any Secured Creditor. All such rights of the 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, and the Pledgee shall without further notice or consent be admitted and become a member of the Issuer.

Appears in 1 contract

Samples: Credit Agreement (H-R Window Supply Inc)

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