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

Exercise of Rights in Pledged Equity. (i) Subject to clause (ii) below, the Grantor shall have the right to exercise all voting rights or other rights relating to the Pledged Equity owned by it for all purposes not inconsistent with this 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 Agent in respect of such Pledged Equity.

Appears in 2 contracts

Samples: Canadian Pledge Agreement (Elizabeth Arden Inc), Canadian Security Agreement (Elizabeth Arden Inc)

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Exercise of Rights in Pledged Equity. (i) Subject to clause (ii) below, the such Grantor shall have the right to exercise all voting rights or other rights relating to the Pledged Equity owned by it for all purposes not inconsistent with this Security Agreement, the Credit Agreement or any other Loan DocumentPaper; 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 Administrative Agent in respect of such Pledged Equity.

Appears in 1 contract

Samples: Credit Agreement (Brigham Minerals, Inc.)

Exercise of Rights in Pledged Equity. (i) Subject to clause (ii) below, the such Grantor shall have the right to exercise all voting rights or other rights relating to the Pledged Equity owned by it for all purposes not inconsistent with this Security Agreement, the Credit Agreement Indenture or any other Loan Note 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 Collateral Agent in respect of such Pledged Equity.

Appears in 1 contract

Samples: Second Lien Pledge and Security Agreement (Centennial Resource Development, Inc.)

Exercise of Rights in Pledged Equity. (i) Subject Without in anyway limiting the foregoing and subject to clause (ii) below, the such Grantor shall have the right to exercise all voting rights or other rights relating to the Pledged Equity owned by it for all purposes not inconsistent with this Pledge and Security Agreement, the Credit Note Purchase Agreement or any other Loan Notes 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 Agent Noteholder Representative in respect of such Pledged Equity.

Appears in 1 contract

Samples: Pledge and Security Agreement (Tetra Technologies Inc)

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Exercise of Rights in Pledged Equity. (i) Subject to clause (ii) below, the each Grantor shall have the right to exercise all voting rights or other rights relating to the Pledged Equity owned by it for all purposes not inconsistent with this 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 Agent in respect of such Pledged Equity.

Appears in 1 contract

Samples: Security Agreement (Elizabeth Arden Inc)

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