Common use of Pledged Securities Clause in Contracts

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant Issuer, to the extent permitted in the Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 14 contracts

Samples: Guarantee and Collateral Agreement (Kodiak Oil & Gas Corp), Guarantee and Collateral Agreement (Kodiak Oil & Gas Corp), Credit Agreement (Santa Maria Energy Corp)

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Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b)subsection (b) of this Section, each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant Issuer, to the extent permitted in the Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 9 contracts

Samples: Guaranty and Security Agreement (Dakota Plains Holdings, Inc.), Guaranty and Security Agreement (RadNet, Inc.), Guaranty and Security Agreement (Community Healthcare Trust Inc)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Collateral Agent shall have given notice to the relevant Grantor of the Administrative Collateral Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b6.4(b), each Grantor shall be permitted to receive all cash dividends and other distributions paid in respect of the Pledged Securities paid Stock and all payments made in the normal course of business respect of the relevant Issuer, Pledged Notes to the extent permitted in the Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 6 contracts

Samples: Guarantee and Collateral Agreement (Booz Allen Hamilton Holding Corp), Guarantee and Collateral Agreement (Covetrus, Inc.), Guarantee and Collateral Agreement (Booz Allen Hamilton Holding Corp)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor Guarantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b), each Grantor the Guarantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant Issuer, to the extent permitted in the Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 4 contracts

Samples: Second Lien Guarantee and Pledge Agreement (Kodiak Oil & Gas Corp), Guarantee and Pledge Agreement (Kodiak Oil & Gas Corp), Guarantee and Pledge Agreement (Kodiak Oil & Gas Corp)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Collateral Agent shall have given notice to the relevant Grantor of the Administrative Collateral Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid Stock and all payments made in the normal course of business respect of the relevant Issuer, Pledged Notes to the extent permitted in the Credit Agreement, and to exercise all voting and corporate or other organizational rights with respect to the Pledged Securities.

Appears in 4 contracts

Samples: Credit Agreement (PGA Holdings, Inc.), Credit Agreement (PGA Holdings, Inc.), First Lien Guarantee and Collateral Agreement (PGA Holdings, Inc.)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid Stock and all payments made in the normal course of business respect of the relevant Issuer, Pledged Notes to the extent permitted in the Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 4 contracts

Samples: And Collateral Agreement (Allison Transmission Holdings Inc), Guarantee and Collateral Agreement (Standard Aero Holdings Inc.), Guarantee and Collateral Agreement (Allison Transmission Holdings Inc)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant Issuer, to the extent permitted in the Credit Agreement, and to exercise all voting voting, corporate and corporate other rights with respect to the Pledged Securities.

Appears in 3 contracts

Samples: Guarantee and Collateral Agreement (Sundance Energy Australia LTD), Guarantee and Collateral Agreement (Sundance Energy Australia LTD), Guarantee and Collateral Agreement (Sundance Energy Australia LTD)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Collateral Agent shall have given notice to the relevant Grantor of the Administrative Collateral Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b6.3(b), each Grantor shall be permitted to receive all cash dividends and other distributions paid in respect of the Pledged Securities paid Stock and all payments made in the normal course of business respect of the relevant Issuer, Pledged Notes to the extent permitted in the Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 3 contracts

Samples: First Lien Guarantee and Collateral Agreement (Engility Holdings, Inc.), Guarantee and Collateral Agreement (Wesco Aircraft Holdings, Inc), Guarantee and Collateral Agreement (Wesco Aircraft Holdings, Inc)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s 's intent to exercise its corresponding rights pursuant to Section 7.01(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant Issuer, to the extent permitted in the Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 3 contracts

Samples: Guarantee and Collateral Agreement (Deep Down, Inc.), Credit Agreement (Energy Partners LTD), Guarantee and Collateral Agreement (Petrohawk Energy Corp)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing exists and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant Issuer, to the extent permitted in the Credit Agreement, and to exercise all voting voting, corporate and corporate other rights with respect to the Pledged Securities.

Appears in 2 contracts

Samples: Credit Agreement (Montage Resources Corp), Credit Agreement (Eclipse Resources Corp)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s 's intent to exercise its corresponding rights pursuant to Section 7.01(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant Issuer, to the extent permitted in the Credit Term Loan Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 2 contracts

Samples: Term Loan Agreement Guarantee and Collateral Agreement (Petrohawk Energy Corp), Guarantee and Collateral Agreement (Petrohawk Energy Corp)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b)subsection (b) of this Section, each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant IssuerSecurities, to the extent permitted in by the Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Landmark Infrastructure Partners LP), Guaranty and Security Agreement

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid Stock and all payments made in the normal course of business respect of the relevant Issuer, Pledged Notes to the extent permitted in the Credit Agreement, and to exercise all voting and corporate or other organizational rights with respect to the Pledged Securities.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Exar Corp)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b8.01(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant Issuer, to the extent permitted in the Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 1 contract

Samples: Credit Agreement (Key Energy Services Inc)

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Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given prior or concurrent written notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b)subsection (b) of this Section, each Grantor shall be permitted to receive all cash dividends and distributions and payments paid in respect of the Pledged Securities paid in the normal course of business of the relevant Issuer, to the extent permitted in the Credit Term Loan Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 1 contract

Samples: Term Loan Agreement (Root, Inc.)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant Issuer, to the extent permitted in the Credit Agreement, and to exercise all voting and corporate other rights of ownership with respect to the Pledged Securities.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Starboard Resources, Inc.)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Security Agent shall have given notice to the relevant Grantor of the Administrative Agent’s its intent to exercise its corresponding rights pursuant to Section 7.01(b)subsection (b) of this Section, each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant Issuer, to the extent permitted in the Senior Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 1 contract

Samples: Seller Guaranty and Security Agreement (Dakota Plains Holdings, Inc.)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b), each the Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant IssuerSecurities, to the extent permitted in the Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Jones Energy, Inc.)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s 's intent to exercise its corresponding rights pursuant to Section 7.01(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid Stock and all payments made in the normal course of business respect of the relevant Issuer, Pledged Notes to the extent permitted in the Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Cogent Management Inc)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given one (1) Business Day’s prior written notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b)subsection (b) of this Section, each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant Issuer, to the extent permitted in by the Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 1 contract

Samples: Guaranty and Security Agreement (BioScrip, Inc.)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant IssuerSecurities, to the extent permitted in the Credit Loan Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Dune Energy Inc)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant IssuerSecurities, to the extent permitted in the Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Dune Energy Inc)

Pledged Securities. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant Issuer, to the extent permitted in the Credit Agreement, Issuer and to exercise all voting and corporate rights with respect to the Pledged Securities, in each case, to the extent permitted in the Credit Agreement.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp)

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