Common use of Exercise by Trustee Clause in Contracts

Exercise by Trustee. The Trustee may exercise, or refrain from exercising, any and all voting and other consensual rights pertaining to the Pledged Senior Notes, subject to the terms and conditions set forth in the Senior Notes Indenture.

Appears in 2 contracts

Sources: Pledge Agreement (Lazard LTD), Pledge Agreement (Lazard Group Finance LLC)