Common use of Distribution Clause in Contracts

Distribution. 5.1 So long as an Event of Default does not exist, Debtor shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lenders and does not impair the Collateral.

Appears in 10 contracts

Samples: Security Agreement (IDO Security Inc.), Security Agreement (Advanced Mineral Technologies, Inc), Form of Security Agreement (Rvue Holdings, Inc.)

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Distribution. 5.1 So long as an Event of Default does not exist, Debtor Debtors shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lenders and does not impair the Collateral.

Appears in 9 contracts

Samples: Security Agreement (Diamond Entertainment Corp), Security Agreement (Lotus Pharmaceuticals, Inc.), Security Agreement (International Power Group, Ltd.)

Distribution. 5.1 So long as an no Event of Default does not existexists, Debtor Debtors shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lenders and does not impair the Collateral.

Appears in 8 contracts

Samples: Security Agreement (Ceragenix Pharmaceuticals, Inc.), Security Agreement (Dalrada Financial Corp), Security Agreement (Oxford Media, Inc.)

Distribution. 5.1 So long as an Event of Default does not exist, Debtor Debtors shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lenders and does not materially impair the Collateral.

Appears in 6 contracts

Samples: Security Agreement (Boomj Inc), Security Agreement (Options Media Group Holdings, Inc.), Security Agreement (Commonwealth Biotechnologies Inc)

Distribution. 5.1 So long as an no Event of Default does not existexists, Debtor Debtors shall be entitled to exercise all voting power and receive payments pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lenders and does not impair the Collateral.

Appears in 5 contracts

Samples: Security Agreement (Aprecia Inc), Security Agreement (Ustelematics Inc), Security Agreement (Ustelematics Inc)

Distribution. 5.1 So long as an Event of Default does not exist, Debtor Debtors shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lenders Subscribers and does not impair the Collateral.

Appears in 5 contracts

Samples: Security Agreement (China Yongxin Pharmaceuticals Inc.), Security Agreement (China Yongxin Pharmaceuticals Inc.), Security Agreement (China Yongxin Pharmaceuticals Inc.)

Distribution. 5.1 So long as an Event of Default does not exist, Debtor Debtors shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lenders Lender and does not impair the Collateral.

Appears in 3 contracts

Samples: Security Agreement (Collexis Holdings, Inc.), Security Agreement (Money4gold Holdings Inc), Security Agreement (Money4gold Holdings Inc)

Distribution. 5.1 So long as an Event of Default does not exist, Debtor Debtors shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lenders and does not impair the Collateral. Notwithstanding the provisions of Section 4.5 hereof, as long as an Event of Default has not occurred and does not exist, Debtors shall be entitled to receive and retain all dividends payable in cash.

Appears in 1 contract

Samples: Security Agreement (China Biopharma, Inc.)

Distribution. 5.1 So long as an Event of Default does not exist, Debtor shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such Collateral and exercise is not contrary all of Debtor’s rights and privileges with regard to the interests all proceeds of any of the Lenders Collateral and does not impair the Collateral.all income, dividends and profits, with respect thereto, as well as Debtor’s rights and privileges with regard to Collateral pursuant to Section 6.2 of this Agreement

Appears in 1 contract

Samples: Pledge and Security Agreement (Advance Nanotech, Inc.)

Distribution. 5.1 So long as an Event of Default does not exist, Debtor Debtors shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the rights and interests of the Lenders hereunder and does not impair the Collateral.

Appears in 1 contract

Samples: Security Agreement (Securac Corp)

Distribution. 5.1 4.1 So long as an Event of Default does not exist, subject to the terms and conditions of this Security Agreement, the Purchase Agreement and the Notes, Debtor shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lenders Lender and does not impair the Collateral.

Appears in 1 contract

Samples: Security Agreement (Global Digital Solutions Inc)

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Distribution. 5.1 So long as an Event of Default does not exist, Debtor shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lenders and does not materially impair the Collateral.

Appears in 1 contract

Samples: Security Agreement (Conolog Corp)

Distribution. 5.1 So long as an no Event of Default does not existexists, Debtor Debtors shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lenders Lender and does not impair the Collateral.

Appears in 1 contract

Samples: Security Agreement (Celtron International Inc)

Distribution. 5.1 So long as an no Event of Default does not existexists, Debtor shall be entitled (i) to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lenders and does not impair the Collateral and (ii) may receive and retain any and all proceeds, dividends, interest payments or other distributions paid in respect of the Collateral.

Appears in 1 contract

Samples: Security Agreement (SVC Financial Services Inc)

Distribution. 5.1 So long as an Event of Default does not exist, Debtor shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lenders Lender and does not impair the Collateral.

Appears in 1 contract

Samples: Security Agreement (Eclips Media Technologies, Inc.)

Distribution. 5.1 So long as an Event of Default or a Default (as defined in the Loan Agreement) does not exist, Debtor shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lenders Lender and does not impair the Collateral.

Appears in 1 contract

Samples: Security Agreement (South Texas Oil Co)

Distribution. 5.1 So long as an no Event of Default does not existexists, Debtor Debtors shall be entitled (i) to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lenders and does not impair the Collateral, and (ii) may receive and retain any and all proceeds, dividends, interest payments or other distributions paid in respect of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Force Protection Inc)

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