Voting Rights; Dividends and Interest, etc Sample Clauses

Voting Rights; Dividends and Interest, etc. (a) Unless and until an Event of Default shall have occurred and be continuing, and after the Collateral Agent shall have given written notice (provided that with respect to any Event of Default pursuant to Section 8.1(g) or (h) of the Credit Agreement, such notice shall have automatically, and without further action, been deemed to have been delivered) to the Borrower of the Collateral Agent’s intention to exercise its rights hereunder: (i) Each Credit Party shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of Pledged Collateral or any part thereof for any purpose consistent with the terms of this Agreement, the Credit Agreement and the other Credit Documents; provided that, except as permitted under the Credit Agreement, such rights and powers shall not be exercised in any manner that could materially and adversely affect the rights inuring to a holder of any Pledged Collateral, the rights and remedies of the Collateral Agent or any of the other Secured Parties under this Agreement, the Credit Agreement or any other Credit Document or the ability of the Secured Parties to exercise the same. (ii) The Collateral Agent shall promptly execute and deliver to each Credit Party, or cause to be executed and delivered to such Credit Party, all such proxies, powers of attorney and other instruments as such Credit Party may reasonably request for the purpose of enabling such Credit Party to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to subparagraph (i) above. (iii) Each Credit Party shall be entitled to receive and retain any and all dividends, interest, principal and other distributions or payments paid on or distributed in respect of the Pledged Equity Interests to the extent and only to the extent that such dividends, interest, principal and other distributions or payments are permitted by, and otherwise paid or distributed in accordance with, the terms and conditions of the Credit Agreement, the other Credit Documents and applicable laws; provided that (A) any non-cash dividends, interest, principal or other non-cash distributions, payments or other consideration in respect thereof, including any rights to receive the same to the extent not so distributed or paid, that would constitute Pledged Equity Interests, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the issuer of any Pledged Equity In...

Voting Rights; Dividends and Interest, etc. (a) Subject in all respects to the Intercreditor Agreement, unless and until an Acceleration Event shall have occurred and be continuing and the Pledgor has received prior written notice from the Collateral Agent stating its intention to exercise its rights and remedies under Section 5(b) and (c): (i) The Pledgor shall be permitted to receive all cash dividends paid in respect of the Pledged Interest, to the extent permitted by the Credit Agreement, and to exercise all voting and corporate or other organizational rights with respect to the Pledged Interests; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other actions taken which would adversely affect the validity or enforceability of the security over the Pledged Interests created pursuant to this Agreement (except as otherwise permitted by the Credit Agreement); (ii) the Collateral Agent shall execute and deliver to the Pledgor, or cause to be executed and delivered to the Pledgor, all such proxies, powers of attorney and other instruments as the Pledgor may reasonably request for the purpose of enabling the Pledgor to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to subparagraph (i) above and to receive the cash dividends it is entitled to receive pursuant to subparagraph (iii) below; and (iii) subject to the next sentence, the Pledgor shall be entitled to receive and retain any and all cash dividends and other amounts paid on the Pledged Interests to the extent and only to the extent that such cash dividends and other amounts are not prohibited by the terms and conditions of the Loan Documents. (b) Subject in all respects to the Intercreditor Agreement, upon the occurrence and during the continuance of an Acceleration Event and upon receipt by the Pledgor of prior written notice from the Collateral Agent stating its intent to exercise its rights and remedies under Section 5(b) and (c), all rights of the Pledgor to dividends or other amounts that the Pledgor is authorized to receive pursuant to paragraph (a)(iii) above shall cease, and all such rights shall thereupon become vested in the Collateral Agent which shall have the right and authority to receive and retain such dividends or other amounts (including payments or other Proceeds) and make application thereof to the Obligations in accordance with the Credit Agreement. (c) Subject in all respects to the Intercreditor Agreement, upon the occurrence a...

Voting Rights; Dividends and Interest, etc. Unless and until an Event of Default shall have occurred and be continuing and the Collateral Agent shall have given the Grantors notice that it is exercising its rights or remedies under this Agreement: (a) Each Grantor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of the Pledged Collateral or any part thereof for any purpose consistent with the terms of this Agreement, the Indenture and the other Note Documents and applicable law. (b) The Collateral Agent shall execute and deliver to each Grantor, or cause to be executed and delivered to each Grantor, all such proxies, powers of attorney and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to paragraph (a) above. (c) Each Grantor shall be entitled to receive and retain any and all dividends, interest, principal and other distributions paid on or distributed in respect of the Pledged Collateral to the extent and only to the extent that such dividends, interest, principal and other distributions are not prohibited by, and are otherwise paid or distributed in accordance with, the terms and conditions of the Indenture, this Agreement (including without limitation Section 4.01 hereof), the other Note Documents and applicable law; provided that any noncash dividends, interest, principal or other distributions that would constitute Pledged Collateral, shall be and become part of the Pledged Collateral, and, if received by any Grantor, shall be held in trust for the benefit of the Collateral Agent and the Secured Parties and shall be delivered to the Collateral Agent in the same form as so received (with any necessary endorsement reasonably requested by the Collateral Agent) within 30 days following the receipt thereof (or such longer period as to which the Collateral Agent may consent in writing).

Voting Rights; Dividends and Interest, etc. (a) Unless and until a Default shall have occurred and is continuing: (i) The Pledgor shall be entitled to exercise any and all voting and other rights, powers and privileges accruing to an owner of the Pledged Stock or any part thereof for any purpose consistent with the terms of this Agreement, the Loan Agreement and the other Financing Documents; and (ii) The Pledgor shall be entitled to receive and retain any and all dividends, cash, income, profits, instruments, securities, and other property from time to time paid or distributed on the Pledged Stock, unless any such instruments or securities are issued in connection with a stock split or replacement of the Pledged Stock, in which case such instruments or securities shall be delivered to the Pledgee. (b) Upon the occurrence and during the continuance of a Default, all rights of the Pledgor to receive any dividends, cash, income, profits, instruments, securities and other property which the Pledgor is authorized to receive pursuant to paragraph (a) (ii) of this Section 2.5 shall cease, and the Bank shall have the sole and exclusive right and authority to receive and retain any such dividends, cash, income, profits, instruments, securities and other property. All dividends, cash, income, profits, instruments, securities and other property which are received by the Pledgor contrary to the provisions of this Section 2.5 shall be received in trust for the benefit of the Bank, shall be segregated from other property or funds of the Pledgor and shall be forthwith delivered to the Bank in the same form as so received (with any necessary endorsement which the Pledgor agrees to make). Any and all money and other property paid over to or received by the Bank pursuant to the provisions of this subparagraph (b) shall be retained by the Bank in an interest-bearing account to be established by the Bank upon receipt of such money or other property and shall be applied to the Obligations in accordance with the provisions of Section 6 hereof. Any interest accrued on such account shall be the property of the Pledgor and shall be applied to the Obligations in accordance with this Agreement. (c) Upon the occurrence and during the continuance of a Default, all rights of the Pledgor to exercise the voting and other rights, powers and privileges which it is entitled to exercise pursuant to paragraph (a) (i) of this Section 2.5 shall cease, and the Bank shall have the sole and exclusive right and authority to exercise such vo...

Voting Rights; Dividends and Interest, etc. (a) Unless and until an Event of Default shall have occurred and be continuing and the Collateral Agent shall have given the Grantors notice of its intent to exercise its rights under this Agreement (which notice shall be deemed to have been given immediately upon the occurrence of an Event of Default under paragraph (g) or (h) of Article VII of the Credit Agreement): (i) Each Grantor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of Pledged Securities or any part thereof for any purpose consistent with the terms of this Agreement, the Credit Agreement and the other Loan Documents; provided, however, that such rights and powers shall not be exercised in any manner that could materially and adversely affect the rights inuring to a holder of any Pledged Securities or the rights and remedies of any of the Collateral Agent or the other Secured Parties under this Agreement or the Credit Agreement or any other Loan Document or the ability of the Secured Parties to exercise the same. (ii) The Collateral Agent shall execute and deliver to each Grantor, or cause to be executed and delivered to each Grantor, all such proxies, powers of attorney and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to paragraph (i) above and to receive the cash dividends it is entitled to receive pursuant to paragraph (iii) below. (iii) Each Grantor shall be entitled to receive and retain any and all cash dividends, interest, principal and other distributions paid on or distributed in respect of the Pledged Securities to the extent and only to the extent that such dividends, interest, principal and other distributions are permitted by, and otherwise paid or distributed in accordance with, the terms and conditions of the Credit Agreement, the other Loan Documents and applicable law. All noncash dividends, interest and principal, and all dividends, interest and principal paid or payable in cash or otherwise in connection with a partial or total liquidation or dissolution, return of capital, capital surplus or paid-in surplus, and all other distributions (other than distributions referred to in the preceding sentence), whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the issuer of any Pledged Securities or received in exchan...

Voting Rights; Dividends and Interest, etc. Unless and until an Event of Default shall have occurred and be continuing:

Voting Rights; Dividends and Interest, etc. Unless and until an Event of Default shall have occurred and be continuing and, subject to applicable law, the Agent shall have given the Grantors notice of its intent to exercise its rights under this Agreement (which notice shall be deemed to have been given immediately upon the occurrence of an Event of Default under paragraph (g) or (h) of Article VII of the Credit Agreement):

Voting Rights; Dividends and Interest, etc. Unless and until an Event of Default shall have occurred and be continuing and the Collateral Agent shall have given written notice to the relevant Pledgors of the Collateral Agent’s intention to exercise its rights hereunder:

Voting Rights; Dividends and Interest, etc. Unless and until the Pledgors receive notice that an Event of Default has occurred and is continuing, the Pledgors shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of the Pledged Securities or any part thereof to the extent, and only to the extent, that such rights are exercised for any purpose consistent with, and not otherwise in violation of, the terms and conditions of this Agreement, the Credit Agreement, the other Loan Documents and applicable Law; provided, however, that no Pledgor will be entitled to exercise any such right if the result thereof could reasonably be expected to materially and adversely affect the rights and remedies of any of the Credit Parties under this Agreement, the Credit Agreement or any other Loan Document or the ability of the Credit Parties to exercise the same.

Voting Rights; Dividends and Interest, etc. Unless and until an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Pledgors of the Administrative Agent’s intention to exercise its rights hereunder: