Pledgor’s Rights. As long as no Default or Event of Default shall have occurred and be continuing and until written notice shall be given to Pledgor in accordance with Section 8(a) hereof:
Pledgor’s Rights. So long as no Event of Default shall have occurred and be continuing:
Pledgor’s Rights. As long as no Default or Event of Default shall have occurred and be continuing and until written notice shall be given to Pledgor in accordance with Section 8(a) hereof, Pledgor shall have the right, from time to time, to vote and give consents with respect to the Pledged Collateral, or any part thereof for all purposes not inconsistent with the provisions of this Agreement, the Loan Agreement, and any other Ancillary Agreement; provided, however, that no vote shall be cast, and no consent shall be given or action taken, which would have the effect of impairing the position or interest of Agent in respect of the Pledged Collateral or which would authorize or effect (except as and to the extent expressly permitted by the Loan Agreement) (i) the dissolution or liquidation, in whole or in part, of i2(DE), (ii) the consolidation or merger of i2(DE) with any other Person other than Pledgor, (iii) the sale, disposition or encumbrance of all or substantially all of the assets of i2(DE) other than as permitted by the Loan Agreement, (iv) any change in the authorized number of shares, the stated capital or the authorized share capital of i2(DE) or the issuance of any additional shares of i2(DE) stock, or (v) the alteration of the voting rights with respect to the stock of i2(DE).
Pledgor’s Rights. (a) As long as no Default or Event of Default shall have occurred and be continuing and until written notice shall be given to each Pledgor in accordance with Section 8(a) hereof, such Pledgor shall have the right, from time to time, to vote and give consents with respect to the Pledged Collateral or any part thereof for all purposes not inconsistent with the provisions of this Agreement, the Note or any Ancillary Agreement; provided, however, that no vote shall be cast, and no consent shall be given or action taken, which would have the effect of impairing the position or interest of
Pledgor’s Rights. (a) As long as no Default or Event of Default shall have occurred and be continuing and until written notice shall be given to each Pledgor in accordance with Section 8(a) hereof, such Pledgor shall have the right, from time to time, to vote and give consents with respect to the Pledged Collateral or any part thereof for all purposes not inconsistent with the provisions of this Agreement, the Note or any Ancillary Agreement; provided, however, that no vote shall be cast, and no consent shall be given or action taken, which would have the effect of impairing the position or interest of Lendor in respect of the Pledged Collateral or which would authorize or effect (i) the dissolution or liquidation, in whole or in part, of Borrower, (ii) the consolidation or merger of Borrower with any other Person, (iii) except as permitted under this Agreement or the Note, the sale, disposition or encumbrance of all or substantially all of the assets of Borrower, (iv) except as permitted by Section 7(d) hereof and Section 4.4 of the Note, any change in the authorized number of Interests or the stated capital of Borrower and the issuance of any additional Interests, (v) the alteration of the voting rights with respect to the Interests of Borrower, or (vi) any change, alteration or modification of Borrower's articles of organization, operating agreement (other than amendments permitted under the Note, the Keep Well, the Keep Well Guaranty or the Loan Guaranty.
Pledgor’s Rights. (a) As long as no event of default in the prompt payment and performance of any of the Secured Obligations or the breach by the Pledgor of any of the terms or provisions of this Pledge Agreement (each, an "Event of Default") or event which but for the passage of time or giving of notice would constitute an Event of Default shall have occurred and be continuing the Pledgor shall be entitled, from time to time, (i) subject to Section 6 of the Revolving Credit Agreement, to collect and receive for its own use all ordinary cash distributions paid or payable in cash in respect of the Pledged Collateral pursuant to its terms, provided, however, that until actually paid all rights to such distributions shall remain subject to the lien created by this Pledge Agreement, and (ii) to vote and give consents with respect to the Pledged Interest or any part thereof for all purposes not inconsistent with the Loan Documents or this Pledge Agreement; and provided, however, that any and all of the following (all of which items constituting collectively the "Additional Pledged Collateral"): distributions and interest paid or payable other than in cash in respect of, and instruments and other property received, receivable or otherwise distributed in respect of, or in exchange for, the Pledged Collateral shall be forthwith delivered to the Pledgee to be held as Additional Pledged Collateral and shall, if received by the Pledgor, be received in trust for the benefit of the Pledgee, be segregated from the other property or funds of the Pledgor, and be forthwith delivered to the Pledgee as Additional Pledged Collateral in the same form as so received (with any endorsement, forms of assignment and other documents of transfer as the Pledgee may request) and, provided, however, that if an Event of Default shall have occurred and be continuing, the Pledgor shall cooperate with the Pledgee (including the giving of instructions to the Company) to cause all payments and distributions of such Additional Pledged Collateral to be delivered directly to the Pledgee.
Pledgor’s Rights. Until the occurrence of an Event of Default under this Agreement or the Letter Agreement, Pledgor shall be entitled, pursuant to this Agreement, to exercise all voting and other rights pertaining to the Pledged Shares. After the occurrence of any such Event of Default, Secured Party or its nominee shall have the sole right to vote any and all of the Pledged Shares and give consents, waivers and ratifications in respect thereof, and Pledgor shall deliver to Secured Party or its nominee such proxies and other documents as Secured Party may request to further effectuate the foregoing.
Pledgor’s Rights. Unless Pledgor has defaulted under the terms of the promissory note evidencing the Loan (the "Promissory Note"):
Pledgor’s Rights. 6.1 As long as no default or Event of Default shall have occurred and be continuing, Pledgor shall have the right, from time to time, to vote and give consents with respect to the Pledged Interests or any part thereof for all purposes not inconsistent with the provisions of this Agreement or the other Transaction Documents; provided, however, that no vote shall be cast by Pledgor, and no consent shall be given or action taken by Pledgor, which would have the effect of impairing the position or interest of Pledgee in respect of the Pledged Interests or which would authorize or effect the dissolution or liquidation, in whole or in part, of the issuer of the Pledged Interests. No vote shall be cast by Pledgor, and no consent shall be given or action taken by Pledgor, which would authorize or effect any change in the rights of any interest issued by the issuer of the Pledged Interests or the issuance of any additional interests unless such changed interests or such additional interests are pledged to Pledgee pursuant to a Pledge Agreement in the form of this Agreement.
Pledgor’s Rights. (a) Unless an Event of Default shall have occurred and be continuing under any of the Loan Documents, the Pledgor shall be entitled to exercise all voting and other rights with respect to the Membership Interests, the LLC Agreement and the other Collateral; provided, however, that no vote shall be cast, right exercised or other action taken which could reasonably be expected to have a material adverse effect on the value of, or the Pledgor’s right, title or interest in, the Collateral.
