Common use of Pledged Stock Clause in Contracts

Pledged Stock. (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 7.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Stock, to the extent not prohibited by the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate rights with respect to the Pledged Stock; provided, however, that no vote shall be cast or corporate right exercised or other action taken which would result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor Holdings of the Administrative Agent’s 's intent to exercise its corresponding rights pursuant to Section 7.3(bsubsection 5.1(b), each Grantor Holdings shall be permitted to receive all cash dividends paid in respect of the Pledged StockStock paid in the normal course of business of the relevant Issuer and consistent with past practice, to the extent not prohibited by permitted in the Credit AgreementAgreements, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate rights with respect to the Pledged Stock; provided, however, that no vote shall be cast or corporate right exercised or other action taken which, in the Administrative Agent's reasonable judgment, would materially impair the Collateral or which would result in any violation of any provision of the Credit AgreementAgreements, this Agreement or any other Loan Credit Document.

Pledged Stock. (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 Granting Party of the Administrative Collateral Agent’s intent to exercise its corresponding rights pursuant to Section 7.3(b6.3(b), each Grantor Granting Party shall be permitted to receive all cash dividends paid in respect of the Pledged StockStock and all payments made in respect of the Pledged Notes, to the extent not prohibited by permitted in the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate rights with respect to the Pledged StockSecurities; provided, however, that no vote shall be cast or corporate right exercised or such other action taken (other than in connection with a transaction expressly permitted by the Credit Agreement) which would materially impair the Collateral or the related rights or remedies of the Secured Parties or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (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 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged StockStock and all payments made in respect of the Pledged Notes, to the extent not prohibited by the Credit Agreement, to pay and declare dividends to the extent permitted by the terms of the Credit Agreement Agreement, and to exercise all voting and corporate organizational rights with respect to the Pledged StockInvestment Property; provided, however, that no vote shall be cast or corporate organizational right exercised or other action taken which, in the Administrative Agent's reasonable judgment, would materially impair the Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (a) Unless an Event of a 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 7.3(b6.1(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Stock, in each case paid in the normal course of business of the relevant Issuer and consistent with past practice, to the extent not prohibited by permitted in the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate rights with respect to the Pledged Stock; provided, however, that no vote shall be cast or corporate right exercised or other action taken which could reasonably be expected to impair the value of the Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (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 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged StockStock and all payments made in respect of the Pledged Notes, in each case paid to the extent not prohibited by permitted in the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate rights with respect to the Pledged StockSecurities; provided, however, that no vote shall be cast or corporate right exercised or other action taken which, in the Agent's reasonable judgment, would impair the Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (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 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged StockStock and all payments made in respect of the Pledged Notes, to the extent not prohibited by permitted in the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate or other organizational rights with respect to the Pledged StockInvestment Property; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which which, in the Administrative Agent’s reasonable judgment, would materially impair the Collateral or result in any violation Default or Event of any provision of Default under the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (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 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged StockStock and all payments made in respect of the Pledged Notes, to the extent not prohibited by in the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate or other organizational rights with respect to the Pledged StockInvestment Property; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which, in the Administrative Agent’s reasonable judgment, would impair the Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (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 's intent to exercise its corresponding rights pursuant to Section 7.3(b6.4(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged StockStock and all payments made in respect of the Pledged Notes, to the extent not prohibited by permitted in the Credit AgreementAgreements, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate or other organizational rights with respect to the Pledged StockInvestment Property; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which, in the Collateral Agent's reasonable judgment, would impair the Collateral or which would be inconsistent with or result in any violation of any provision of the any Credit Agreement, this Agreement or any other Loan Credit Document.

Pledged Stock. (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 7.3(b6.4(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged StockStock and all payments made in respect of the Pledged Notes, to the extent not prohibited by permitted in the Credit AgreementAgreements, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate or other organizational rights with respect to the Pledged StockInvestment Property; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which, in the Collateral Agent’s reasonable judgment, would impair the Collateral or which would be inconsistent with or result in any violation of any provision of the any Credit Agreement, this Agreement or any other Loan Credit Document.

Pledged Stock. (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 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Stock, Stock and all payments made in respect of the Pledged Notes to the extent not prohibited by permitted in the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate or other organizational rights with respect to the Pledged StockInvestment Property; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which, in the Administrative Agent's reasonable judgment, would impair the Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (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 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Stock, Stock and all payments made in respect of the Pledged Notes to the extent not prohibited by permitted in the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate or other organizational rights with respect to the Pledged StockInvestment Property; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which which, in the Administrative Agent’s reasonable judgment, would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (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 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Stock, to Stock and all payments made in respect of the extent not prohibited by the Credit Agreement, to pay and declare dividends Pledged Notes to the extent permitted by the Credit Agreement Agreement, and to exercise all voting and corporate rights with respect to the Pledged StockSecurities; provided, however, that no vote shall be cast or corporate right exercised or other action taken which, in the Administrative Agent's reasonable judgment, would impair the Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (axiii) 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 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged StockStock and all payments made in respect of the Pledged Notes, to the extent not prohibited by permitted in the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate or other organizational rights with respect to the Pledged StockInvestment Property; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which would materially impair the Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (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 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged StockStock and all payments made in respect of the Pledged Notes, to the extent not prohibited by permitted in the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate rights with respect to the Pledged StockSecurities; provided, however, provided that no vote shall be cast or corporate right exercised or other action taken which, in the Administrative Agent's reasonable judgment, would impair the Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Credit Document.

Pledged Stock. (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Paying Agent shall have given notice to the relevant Grantor of the Administrative Paying Agent’s 's intent to exercise its corresponding rights pursuant to Section 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Stock, Stock and all payments made in respect of the Pledged Notes to the extent not prohibited by permitted in the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate or other organizational rights with respect to the Pledged StockInvestment Property; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which, in the Paying Agent's reasonable judgment, would impair the Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (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 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends and distributions paid in respect of the Pledged StockStock and all payments made in respect of the Pledged Notes, to the extent not prohibited by permitted in the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate rights with respect to the Pledged StockSecurities; provided, however, that no vote shall be cast or corporate right exercised or other action taken which, in the Administrative Agent’s reasonable judgment, would materially impair the Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (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 7.3(b6.1(b), each Grantor shall be permitted to receive and use (free of the Lien under this Agreement) all cash dividends paid Proceeds in respect of the Pledged Stock, to the extent not prohibited by the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate or other organizational rights with respect to the Pledged Stock; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which would result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (axii) 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 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged StockStock and all payments made in respect of the Pledged Notes, to the extent not prohibited by permitted in the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate or other organizational rights with respect to the Pledged StockInvestment Property; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which would materially impair the Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (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 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged StockStock and all payments made in respect of the Pledged Notes, to the extent not prohibited by permitted in the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate or other organizational rights with respect to the Pledged StockInvestment Property; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which would result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (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 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged StockStock and all payments made in respect of the Pledged Notes, to the extent not prohibited by the Credit Agreement, to pay and declare dividends in each case to the extent permitted by in the Credit Agreement Term Loan Agreement, and to exercise all voting and corporate rights with respect to the Pledged StockSecurities; provided, however, that no vote shall be cast or corporate right exercised or other action taken which, would materially impair the Collateral (except Dispositions permitted under the Term Loan Agreement) or which would result in any violation of any provision of the Credit Term Loan Agreement, this Agreement or any other Loan Document.

Pledged Stock. (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 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Stock, Stock and all payments made in respect of the Pledged Notes to the extent not prohibited by in the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate or other organizational rights with respect to the Pledged StockInvestment Property; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which, in the Administrative Agent’s reasonable judgment, would impair the Collateral or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (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 7.3(b6.1(b), each Grantor shall be permitted to receive and use (free of the Lien under this Agreement) all cash dividends paid in respect of the Pledged Stock, to the extent not prohibited by the Credit Agreement, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate or other organizational rights with respect to the Pledged Stock; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which would result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document.

Pledged Stock. (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 's intent to exercise its corresponding rights pursuant to Section 7.3(b6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged StockStock and all payments made in respect of the Pledged Notes, to the extent not prohibited by permitted in the Credit AgreementAgreements, to pay and declare dividends to the extent permitted by the Credit Agreement and to exercise all voting and corporate or other organizational rights with respect to the Pledged StockInvestment Property; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which, in the Collateral Agent's reasonable judgment, would impair the Collateral or which would be inconsistent with or result in any violation of any provision of the any Credit Agreement, this Agreement or any other Loan Document.