Common use of Exercise of Rights in Pledged Collateral Clause in Contracts

Exercise of Rights in Pledged Collateral. (i) Without in any way limiting the foregoing and subject to clause (ii) below, the Borrower shall have the right to exercise all voting rights or other rights relating to the Pledged Collateral for all purposes not inconsistent with this Security Agreement, the Credit Agreement or any other Loan Document; provided however, that no vote or other right shall be exercised or action taken which would have the effect of impairing the rights of the Lender in respect of the Pledged Collateral.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Mam Software Group, Inc.), Pledge and Security Agreement (Mam Software Group, Inc.)

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Exercise of Rights in Pledged Collateral. (i) Without in any way limiting the foregoing and subject to clause (ii) below, the Borrower Debtor shall have the right to exercise all voting rights or other rights relating to the Pledged Collateral for all purposes not inconsistent with this Security Agreement, the Credit Agreement Indenture or any other Loan Bond Document; provided provided, however, that no vote or other right shall be exercised or action taken which would have the effect of impairing the rights of the Lender Secured Party in respect of the Pledged Collateral.

Appears in 1 contract

Samples: Security Agreement (Roth CH Acquisition I Co. Parent Corp.)

Exercise of Rights in Pledged Collateral. (i) Without in any way limiting the foregoing and subject to clause (ii) below, the Borrower shall have the right to exercise all voting rights or other rights relating to the Pledged Collateral owned by it for all purposes not inconsistent with this Security Agreement, the Credit Subscription Agreement or any other Loan Transaction Document; provided however, that no vote or other right shall be exercised or action taken which would have the effect of impairing the rights of the Lender Collateral Agent in respect of the such Pledged Collateral.;

Appears in 1 contract

Samples: Pledge and Security Agreement (Elio Motors, Inc.)

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Exercise of Rights in Pledged Collateral. (i) Without in any way limiting the foregoing and subject to clause (ii) below, the Borrower shall have the right to exercise all voting rights or other rights relating to the Pledged Collateral owned by it for all purposes not inconsistent with this Security Agreement, the Credit Agreement or any other Loan Document; provided however, that no vote or other right shall be exercised or action taken which would have the effect of impairing the rights of the Lender in respect of the Pledged Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Macquarie CNL Global Income Trust, Inc.)

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