Common use of Investment Property Collateral Clause in Contracts

Investment Property Collateral. Except as set forth in Article XI and, with respect to Subsidiary Equity Interest, Section 4.14(h) hereof, (i) the Loan Parties will have the right to exercise all voting rights with respect to the Investment Property and (ii) the Loan Parties will have the right to receive all cash dividends and distributions, interest and premiums declared and paid on the Investment Property to the extent otherwise permitted under this Agreement. In the event any additional Equity Interests (other than Excluded Property) are issued to or acquired any Loan Party, whether as a result any new purchase by or transfer or assignment to such Loan Party, as a result of a stock dividend or distribution or in lieu of interest on any of the Investment Property, as a result of any split of any of the Investment Property, by reclassification, or otherwise, any certificates evidencing any such additional Equity Interests will be delivered to Agent within thirty (30) days and such shares will be subject to this Agreement and a part of the Investment Property to the same extent as the original Investment Property of such Loan Party on the Closing Date. 4.14.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Babcock & Wilcox Enterprises, Inc.), Guaranty and Security Agreement (Babcock & Wilcox Enterprises, Inc.)

AutoNDA by SimpleDocs

Investment Property Collateral. Except as set forth in Article XI and, with respect to Subsidiary Equity Interest, Section 4.14(h) hereof, (i) the Loan Parties will have the right to exercise all voting rights with respect to the Investment Property and (ii) the Loan Parties will have the right to receive all cash dividends and distributions, interest and premiums declared and paid on the Investment Property to the extent otherwise permitted under this Agreement. In the event any additional Equity Interests (other than Excluded Property) are issued to or acquired any Loan Party, whether as a result any new purchase by or transfer or assignment to such Loan Party, as a result of a stock dividend or distribution or in lieu of interest on any of the Investment Property, as a result of any split of any of the Investment Property, by reclassification, or otherwise, any certificates evidencing any such additional Equity Interests will be delivered to Agent within thirty (30) days and such shares will be subject to this Agreement and a part of the Investment Property to the same extent as the original Investment Property of such Loan Party on the Closing Date. 4.14.

Appears in 2 contracts

Samples: And (Babcock & Wilcox Enterprises, Inc.), Security Agreement (Babcock & Wilcox Enterprises, Inc.)

Investment Property Collateral. Except as set forth in Article XI and, with respect to Subsidiary Equity InterestStock, Section 4.14(h) hereof, (i) the Loan Parties will have the right to exercise all voting rights with respect to the Investment Property and (ii) the Loan Parties will have the right to receive all cash dividends and distributions, interest and premiums declared and paid on the Investment Property to the extent otherwise permitted under this Agreement. In the event any additional Equity Interests (other than Excluded Property) are issued to or acquired by any Loan Party, whether as a result of any new purchase by or transfer or assignment to such Loan Party, as a result of a stock dividend or distribution or in lieu of interest on any of the Investment Property, as a result of any split of any of the Investment Property, by reclassification, or otherwise, any certificates evidencing any such additional Equity Interests will be delivered to Agent within thirty ten (3010) days Business Days and such shares will be subject to this Agreement and a part of the Investment Property to the same extent as the original Investment Property of such Loan Party on the Closing Date. 4.14.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Dasan Zhone Solutions Inc)

AutoNDA by SimpleDocs

Investment Property Collateral. Except as set forth in Article XI and, with respect to Subsidiary Equity InterestStock, Section 4.14(h) hereof, (i) the Loan Parties will have the right to exercise all voting rights with respect to the Investment Property and (ii) the Loan Parties will have the right to receive all cash dividends and distributions, interest and premiums declared and paid on the Investment Property to the extent otherwise permitted under this Agreement. In the event any additional Equity Interests (other than Excluded Property) are issued to or acquired by any Loan Party, whether as a result of any new purchase by or transfer or assignment to such Loan Party, as a result of a stock dividend or distribution or in lieu of interest on any of the Investment Property, as a result of any split of any of the Investment Property, by reclassification, or otherwise, any certificates evidencing any such additional Equity Interests will be delivered to Agent within thirty ten (3010) days Business Days and such shares will be subject to this Agreement and a part of the Investment 112 Property to the same extent as the original Investment Property of such Loan Party on the Closing Date. 4.14.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Dasan Zhone Solutions Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.