Common use of WHILE NO EVENT OF DEFAULT Clause in Contracts

WHILE NO EVENT OF DEFAULT. all voting and other consensual rights pertaining to the Pledged Securities owned by it, 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, result in breach of any covenant contained in this Agreement, the Credit Agreement, any other Credit 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 Secured Creditor. All such rights of such Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur and be continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

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

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WHILE NO EVENT OF DEFAULT. Unless and until an Event of Default shall have occurred and be continuing, the Company shall be entitled to exercise all voting rights attaching to any and other consensual rights pertaining to the all Pledged Securities owned by it, 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, result in a breach of any covenant contained in in, or be materially inconsistent with, any of the terms of this Agreement, the Credit Agreement, Purchase Agreement or any other Credit Document or any Interest Rate Protection or Other Hedging Agreement (collectively, the "Secured Debt Agreements")Transaction Document, or which could reasonably be expected to would have the effect of materially impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee Lender or any Secured Creditorother Lender therein. All such rights of such Pledgor a Company to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur and be continuing, continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Group 1 Software Inc)

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 vote any and all voting 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, result in breach of any covenant contained in in, or be inconsistent with, any of the terms of this Agreement, the Credit Agreement, any other Credit Document or any Interest Rate Protection or Other Hedging Agreement (collectively, the "Secured Debt Agreements")Agreement, 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 Secured Creditor. All such rights of such the Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur has oc curred and be is continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Credit Agreement (Ithaca Industries Inc)

WHILE NO EVENT OF DEFAULT. Agreement shall occur, no such notice shall be required), each Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Pledged Securities owned by it, and to give all 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, result in breach violate any of any covenant contained in the terms of this Agreement, the Credit Agreement, any other Credit Document or any Interest Rate Protection Agreement or Other Hedging Agreement (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. All such rights of such Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur and be continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Carcomp Services Inc)

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WHILE NO EVENT OF DEFAULT. all voting and other consensual rights pertaining under any partnership agreement or otherwise with respect to the Pledged Securities owned by itPartnership Interests of such Pledgor; provided, and to give consentsthat, waivers or ratifications in respect thereofeach 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, result in breach violate or be inconsistent with any of any covenant contained in the terms of this Agreement, the Credit Agreement, any other Credit Document or any Interest Rate Protection Agreement or Other Hedging Agreement (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 CreditorCreditor in the Collateral. All such rights of such each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default shall occur has occurred and be is continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

Samples: Pledge Agreement (Doubletree Corp)

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